The establishment parties in the US and in fact right throughout the West would have you believe they know what they’re doing unless of course the object of their exercise and plan is to bankrupt their respective economies, in which case everything is going according to plan.
In an effort to lend some context, just as Rudd and Gillard took Australia from a surplus situation and no debt to a debt nudging half a trillion, it took all the US presidents from 1789 to 2009 (220 years) to ratchet up the equivalent to what Obama has achieved between 2009 and 2016. (8 years) What I find equally frightening is that I get the feeling that the electorate is either unaware or just doesn’t care, just as long as the freebies and handouts keep flowing.
The music is about to stop I fear.
“…The national debt hit $19.5 trillion for the first time ever this week, a little more than seven months after it hit the $19 trillion mark. When President Obama took office in early 2009, the total debt was $10.63 trillion, which means it has almost doubled under his watch..” National debt hits $19.5 trillion