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national debt – <font class="cstm-fnt" style=""><span style="font-size: 25.6032px;">curtandtheotherguy.com</span></font> https://curtandtheotherguy.com Who is the Other Guy? It's You! Fri, 04 Oct 2024 17:45:57 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 194340367 Does the National Debt Matter? https://curtandtheotherguy.com/does-the-national-debt-matter/?utm_source=rss&utm_medium=rss&utm_campaign=does-the-national-debt-matter https://curtandtheotherguy.com/does-the-national-debt-matter/#respond Fri, 04 Oct 2024 17:45:57 +0000 https://curtandtheotherguy.com/?p=562 Continue reading Does the National Debt Matter?]]> The short answer is yes—and quite a lot. The US government has accumulated over 35 trillion dollars. To put that into perspective, 1 trillion dollar bills would stretch almost from the earth to the sun. Another way to think of 1 trillion is to imagine a jet flying at the speed of sound, dispensing a roll of dollar bills behind it. It would take that jet 14 years to reach 1 trillion. Finally, the US economy produces about 29 trillion dollars per year—that is our entire economy, not our government! (As an aside, governments literally do not produce anything. Governments only consume what’s produced by individuals and businesses.)

The largest budget category is Social Security at 21%. It is followed by four categories each at 13%. One of those four is interest on the national debt. Think of that—tied for the second largest expenditure of the federal government is interest. The larger problem is that it will only increase unless we begin to rein it in.

Finally, the largest issue with our debt is that it is being serviced by printed/ digitally created currency. The currency creation is of the utmost importance because the ability to create currency out of thin air gives our Federal Government virtually unlimited power. The ability to create currency is quite literally the single greatest threat to our individual freedoms.

What thoughts do you have?

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Janet Yellen—What?!?!?! https://curtandtheotherguy.com/janet-yellen-what/?utm_source=rss&utm_medium=rss&utm_campaign=janet-yellen-what https://curtandtheotherguy.com/janet-yellen-what/#respond Sun, 02 Apr 2023 14:43:24 +0000 https://curtandtheotherguy.com/janet-yellen-what/ youtube.com/watch

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Our Collective Response to Covid was Worse Than the Illness Itself. https://curtandtheotherguy.com/our-collective-response-to-covid-was-worse-than-the-illness-itself/?utm_source=rss&utm_medium=rss&utm_campaign=our-collective-response-to-covid-was-worse-than-the-illness-itself https://curtandtheotherguy.com/our-collective-response-to-covid-was-worse-than-the-illness-itself/#respond Thu, 30 Mar 2023 11:58:27 +0000 https://curtandtheotherguy.com/our-collective-response-to-covid-was-worse-than-the-illness-itself/ Continue reading Our Collective Response to Covid was Worse Than the Illness Itself.]]> Covid-19 is a real and serious illness that has taken the lives of over 1 Million Americans and almost 7 Million people worldwide. It is quite literally one of the most serious health threats we have faced in the last three years, but our collective response to it has had far more negative consequences than the illness itself.

First, our economic health has been severely weakened. Our nation was already a teetering ship economically prior to the forced lockdowns and shutdown of the world economy, but thanks to the governmental response and our collective acceptance of it, our national debt increased nearly 9 Trillion Dollars—5 Trillion of that was from 2020 alone. Our supply chain was severely disrupted, and the economic pump still needs some priming in order to get it flowing again.

Secondly our children’s academic health has suffered. Face masks inhibit communication. Young children learning to speak and read missed valuable opportunities to learn proper articulation, pronunciation, and facial and emotional discernment because of the masks. Children literally missed several months to a year or more in their academic progress. This loss will be nearly impossible to overcome and will cause less productivity and innovation in our nation’s future.

Thirdly, our mental health suffered. Isolation, lack of human contact and touch, less social interaction— these lead to depression, anxiety, loneliness, and other maladies of the mind. Humans are social creatures in need of contact. We became a nation of scaredy cats (or were revealed as one). The forced lockdowns did severe, and possibly, irreparable harm to our collective mental health.

What about our spiritual health? Churches were shut down-even when they made very reasonable accommodations to the pandemic—like meeting outside or in cars in a parking lot. The government overreach was despicable!

Finally, our physical health suffered. Children missed already scheduled vaccinations because of closed medical offices, adults missed diagnostic tests, screenings, and regular checkups that could have prevented cancer, heart problems, stroke, diabetes…. Was the health trade worth it? I say no. Should we have implemented common sense practices to actually slow the spread? Absolutely! Wash your hands, stay home when feverish or likely contagious, sleep, exercise, take supplements, eat right—sure. But stay home, wear a mask, don’t touch, don’t visit grandma or friends—absolutely not!

I’m sure I missed some things as I am musing and rambling, but I need to express myself.

What are your thoughts? Please like, comment, subscribe, and even submit a blog post of your own.

Have a great day, and stay healthy!

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Powell on Inflation https://curtandtheotherguy.com/powell-on-inflation/?utm_source=rss&utm_medium=rss&utm_campaign=powell-on-inflation https://curtandtheotherguy.com/powell-on-inflation/#respond Wed, 29 Mar 2023 05:04:10 +0000 https://curtandtheotherguy.com/powell-on-inflation/ www.facebook.com/reel/208935248395437

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The Cause of Inflation https://curtandtheotherguy.com/the-cause-of-inflation/?utm_source=rss&utm_medium=rss&utm_campaign=the-cause-of-inflation https://curtandtheotherguy.com/the-cause-of-inflation/#respond Tue, 21 Mar 2023 16:09:38 +0000 https://curtandtheotherguy.com/the-cause-of-inflation/ https://www.facebook.com/reel/3473024539649836?mibextid=0NULKw&fs=e&s=TIeQ9V

What say ye?

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Federal Reserve https://curtandtheotherguy.com/federal-reserve/?utm_source=rss&utm_medium=rss&utm_campaign=federal-reserve https://curtandtheotherguy.com/federal-reserve/#respond Wed, 24 Nov 2021 12:31:06 +0000 https://curtandtheotherguy.com/?p=333 Continue reading Federal Reserve]]> From 2017–things are much worse today:

Let me try to simplify the National Debt and unfunded liability concept:  
OUR National Debt is almost 20 Trillion; OUR GDP, or yearly income as a nation for 2016 was almost 19 Trillion. That’s like me making 19,000  a year and having 20,000 in credit card debt. Do you think I’ll ever pay it off?  No, I’ll likely declare bankruptcy. 
OUR unfunded liabilities are in excess of 100 Trillion dollars. Remember we “earn” about 19 Trillion. We haven’t paid off OUR debt since at least 1913 (for two years under Clinton we spent less than we took in, but the accumulated debt increased). 
Hard decisions HAVE to be made, or one of three things will likely happen:  
1.  Taxes will increase
2.  The US Government will create a new monetary system. Can you say chaos (at least temporary)? 
3.  The FED will continue to create “money” out of thin air, and you and I will scratch our heads wondering why the cost of living increases faster than our incomes, and OUR Nation’s debt and liabilities will increase exponentially. That will force 1 or 2 to happen. 
Comments Please.

For more information:

Federal Revenue: Where Does the Money Come From (nationalpriorities.org)

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