BANKRUPTCY

Submitted By: dixiegainer@icloud.com – Click to email about this post
Did you know that countries can go bankrupt? A state bankruptcy means the government fails to make debt and interest payments when due.  Can the US go bankrupt?

“Excessive Federal Spending Puts America On Collision Course With Insolvency,” says Forbes magazine.
“Most understand that the federal government spends much more than it collects. If this overspending continues, at some point, America will likely face bankruptcy. Exactly when is hard to say, but it will happen unless Congress gets a handle on its excessive spending.” Forbes mag.

AND THIS IS WHAT IS HAPPENING RIGHT NOW – GETTING A HANDLE ON EXCESSIVE SPENDING. THAT IS WHAT TRUMP IS DOING NOW – GETTING A HANDLE ON EXCESSIVE SPENDING . THANK GOD FOR THAT. IF WE GO BANKRUPT, SOCIAL SECURITY MEDICARE, AND MEDICAID WILL BE DUMPED AS AMERICA TRIES TO BECOME SOLVENT AGAIN.

“Congressional members use the power of the purse to remain in office. This power includes financial promises to constituents and the self-enrichment program whereby members of Congress amass wealth at the expense of the American taxpayer. Corruption in Congress is well documented and includes both Democrats and Republicans” Forbes.

Not only will we be bankrupt, but we certainly cannot fight our enemies without cash – so think about that. In fact our enemies will be watching for weakness!

“Eliminating the U.S. government’s debt is a Herculean task that could take decades. In addition to obvious steps, such as hiking taxes and slashing spending, the government could take a number of other approaches, some of them unorthodox and even controversial.” Forbes”

Thats why? thats why this is happening fast – to avoid disaster. Elon Musk is providing this service for FREE. It is legal. The courts have ruled that this is legal. And we should be grateful.
Both CNN and MSNBC are pushing a paid narrative – paid by the persons who have stolen the most taxpayer dollars. Many states are stealing medicaid funds. That is why an audit is necessary for medicaid.

SO – my advice is to stop watching MSNBC, CNN, They push a very untrue and negative narrative that scares people. Since you can’t do anything about it – watch fun stuff, write a letter about excessive taxes to the governor of Oregon. Write a letter about failing schools to the governor of Oregon. Ask her where the F, our tax dollars are going! Suggest to her that the color red is looking better everyday – those are just suggestions…..