So what did we get for 30 trillion dollars?
We got the greatest party in the history of the world.
Over the past three decades, we have been enjoying an obscenely inflated standard of living that we did not deserve.
When the government spends money, it provides a short-term boost to the economy. Those that get their hands on the money that the government spends end up using it to go shopping, repair their vehicles, eat at restaurants, etc.
If we could go back and pull 30 trillion dollars of extra government spending over the last 30 years out of the economy, we would be in a rip-roaring depression right now.
So for those of you that wish to avoid economic pain at all costs, you should thank our Congress critters for spending money like drunken sailors all these years.
But in the process, our leaders have destroyed America’s future.
We are broke, and we are absolutely drowning in debt.
The only way that we can meet our obligations is to go into ever larger amounts of debt.
Unfortunately, that cycle can only go on for so long before we reach a point where nobody wants to lend us money anymore.
If you have been paying attention to the bond market, you already know that there have been all sorts of red flags in 2025.
The clock is ticking. But instead of getting our spending under control, Congress seems determined to ramp our spending up to a much higher level…
Either our leaders will have to get our financial house in order, or the bond market will force us to change.
But no matter how it plays out, nobody can deny that the party is ending.
It was fun while it lasted, but everybody knew that the wild spending would eventually have to come to an end.
Needless to say, the adjustment to our standard of living that we will soon experience will be exceedingly painful, and our society is not prepared for that at all.
