Our Road to Economic Hell Was Paved For Us With Good Intentions, Socialism!
by Ronald A. Blumenthal
8/25/2020
Mon 13 Jan 2020 07∶46∶46 PM CST
These scary debt figures are from before the Corona Virus and Civil Unrest in the US.
US Unfunded Liabilities on 8/25/2020 are 154 Trillion and they were 127 Trillion on 1/13/2020 so US Unfunded Liabilities increased 27 Trillion in 8 months of 2020.
And Liability per Citizen went from $385,162 to $466,580 in the last eight months!
I predict higher taxes and higher inflation are coming soon which are the result of fiscal and monetary irresponsibility which include deficit spending and quantitative easing designed to stimulate the debt based US and World economy since the great depression!
Most of the Debt in the US economy has come from socialist programs designed to give us all security but it has failed miserably!
To be continued.
Ronald A. Blumenthal