America’s Debt Crisis Is the Black Knight Syndrome

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National debt and the Black Knight. Yeah, Monty Python remember the scene? The Black Knight and he gets you know, he’s getting his arm slashed off. it’s just a flesh wound Getting chopped up. No problem. I’m gonna still fight. What are you gonna do fight me with the other one more? It’s just a great Monty Python scene side note. I knew my youngest son was Kind of clever because we watched this on vacation. He was little little

And he got it. He understood what was going on. The jokes as he’s a clever one. Anyway, neither here nor there. That’s that’s people who constantly come out and say, Yeah, you deficit hawks, you debt hawks. Yeah, you’ve been you’ve been you’ve been complaining, but saying that this debt’s been a terrible thing. You’ve been warning about this forever. And they don’t like the black night. They’re slashed up. And they’re saying no, everything’s okay.

Not even realizing what’s happening, not even realizing that the value of their dollar is being chopped up. I talked about national debt topping 100 % of GDP. The Congressional Budget Office estimates that we are on track to accumulate more than $24 trillion in debt over the next 10 years.

Next 10 years, 24 trillion additional. That’s 56 trillion. That’s 120 % of GDP in 2036. You don’t understand these numbers. You can’t grasp these numbers. You have no understanding of these numbers. 25 years ago, interest payments on our debt were 2 % of GDP. This year, it’s 3.3.

Decade from now, 4.6. And that’s it for Lucky.

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That’s if we’re lucky, spending over a trillion dollars in interest this year. 2036, 10 years from now, 2.1 trillion, which will be 19 % of the total federal budget. This is our trajectory. Anybody in Washington, DC talking about this outside of Rand Paul and Thomas Massey? Anyone? No.

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The Black Knight. You people who out there who think that, you Markowski warnings about death, nothing bad has ever happened.

Really? Really? Your buying power hasn’t decreased? Your buying power hasn’t decreased? I try to explain this to people and again, they sometimes they just look at you with like vapid. Like I’m speaking a different freaking language. Go back and take a look at your grocery bill, okay? And I keep pretty good records from 10 years ago, 20 years ago.

And just do it yourself. Don’t even use the government freaking numbers. Go take a look at yourself. What you spent on a basket of items 10 years ago, 20 years ago, 30 years ago. How much does it cost you today?

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It’s not it’s not hitting you. It’s not affecting you. It affects all of us. Actually, it was a good piece today in the journal William Galson Journal Today talked about this. Three decades ago, Clinton and a Republican Congress, Newt Gingrich. They went after went after various different deficits that were in place.

We had four straight annual surpluses. When Bill Clinton, okay, listen, okay, I’m sorry. Bill Clinton, Bill Clinton is more, it was a more conservative president. Then I would say probably, I only want to limb, I’m gonna say more than 95 % of these Republicans that, they use that word conservative, they’re not.

Okay, there are nothing but a bunch of frickin grifters. They don’t give a shit each and every one of them outside of a couple. Okay, I’m gonna say it here. Challenge me, prove me wrong. More conservative than 95 % of the Republicans that we have right now. Bullshit. National debt, Bill Clinton left office 2001. National debt had fallen to 32%.

of GDP and was projected to disappear by 2009.

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Sensei?

Lots of wars, lots of spending. Value of your dollar has been destroyed and you get fed lines of bull excrement again and again and again. So all of you black knights out there, no big deal. Don’t get out there. Just lost your arm. you come to it again. Markowski, there’s been no problem. There goes your other arm. Really? Really? Watchdog on Wall Street.

dot com.