Political Stupidity

Political stupidity is suffered by all parties. It is disappointing the quality of political leaders has declined to such low levels. We have many leaders pursuing ideology, or money, or power, or all. At least they know what they want.

USA political plans and results. The vector forward.

A. Goals.

Team A. Redistribution of wealth.

Team B. Creation of new wealth.

B. Action plans for Teams A & B.

Spend more money than you take in by borrowing.

C. Results for all.

Redistribution of not much and collective bankruptcy.

Yes, we will all go bankrupt together.

Unless…

Our only hope is that the ultra-rich Chinese, Arab, and other foreign bankers, now owning about 30% of our debt, will not allow us to perish. Yes, we are becoming too big to fail. This could be. Even today, economists are teaching this to our college students - precisely that the national debt will never NEED to be paid off and is thus not a worry.

Factoids:

Current debt. $22T or $22,000,000,000,000

Debt per taxpayer: $178,000

The percentage of debt to GNP* is 105.4%.

Debt per person: $62,000

Median income per person: $44,564**

Cost (2017) of national debt: $474,000,000,000

* The GNP, Gross National Product, is the value of all finished goods and services produced in a country in one year by its nationals. We now owe more than we produce.

** These numbers depend on which agency reports them, the ages of folks included, the period measured, etc.
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Found in my last fortune cookie: “You will soon buy a fortune cookie company. Good luck.”

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