The congressman begins by saying “The country is broke already.” That can’t be good, the U.S is out of money and in debt 16 Trillion dollars. Hell ya, the government has to cut back on spending and big time.
I don’t think America can fix this, rather the politicians will keep kicking this down the can, and in 1-5 years as the congressman says “Total Collapse” will happen.
Inflation is there, but the U.S and Canadian government do not include food and gasoline expense in their so-called “inflation statistics”. Has any of the government number crunchers been to the grocery store lately?
The more the Fed prints money the more inflation it creates or exports to other countries and eventually it will collapse the U.S & World economy…it is just a matter of time and perception.
Of course the government controlled U.S media is telling the whole world everything is just fine.
While the American government, points finger at China for using inmate labor, the American government approves private prisons and corporations to do exactly that which they tell others not to do…talk a about HIPOCRISY.
America is allowed to use prisoners to do labor for corporations, but other countries are not allowed to. What a double standard.
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This is scary, the total U.S government debt is 16 Trillion roughly, and the student population debt is 1 Trillion which is 6.25% of the national debt…you do the math.
Now 11% of student loans are defaulting and on top of this, many students are not paying their loans right now. This is going to add to hinder the U.S GDP going forward, because this huge population of students and graduates (young Americans) will be poor over the next 5-10 years at minimum. No more cool iPhones and hip clothing.
