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<blockquote data-quote="vantexan" data-source="post: 6157662" data-attributes="member: 24302"><p>A lot of that money was spent on your generation too.&nbsp; And it&#039;s likely at some point in the future that serious money will be spent again to alleviate a crisis.&nbsp; The big problem now is, due to the spike in inflation, interest rates were raised to reduce the money supply and lower inflation.&nbsp; We went from about $350 billion a year in interest payments servicing the debt to now over a trillion dollars a year due to the higher interest rates.&nbsp; And we&#039;re spending about $2 trillion more every year than we&#039;re taking in.&nbsp; That money doesn&#039;t magically appear, we sell bonds to cover our overspending which adds to the debt which increases our interest payments.&nbsp; A never ending loop.&nbsp; As was seen with the &quot;Big Beautiful Bill&quot; in order to get good things accomplished they had to compromise with Republican Congressmen and Senators, giving them unnecessary pork but in the eyes of those Republicans very necessary for their re-election chances.&nbsp; We have a flawed system.&nbsp; They ARE spending money we don&#039;t have and it doesn&#039;t matter which party is in charge.&nbsp; What&#039;s the answer?&nbsp; We know the Democrats won&#039;t reign in spending and they advocate various social ideas that most conservatives reject.&nbsp; And if the Republicans were to really tighten up the spending enough people would turn on them that they&#039;d lose power.&nbsp; Our only real way out of this is to grow the economy to the point that the excess revenue is put on the debt.&nbsp; But as has been demonstrated in the past when there&#039;s an increase in revenue our leaders give in to the temptation to spend it.&nbsp; So good luck with your future.&nbsp; I fully expect your generation will be as irresponsible as ours.&nbsp; But somewhere along the way there&#039;s going to be a huge crash and a lot of suffering.</p></blockquote><p></p>

[QUOTE="vantexan, post: 6157662, member: 24302"] A lot of that money was spent on your generation too. And it's likely at some point in the future that serious money will be spent again to alleviate a crisis. The big problem now is, due to the spike in inflation, interest rates were raised to reduce the money supply and lower inflation. We went from about $350 billion a year in interest payments servicing the debt to now over a trillion dollars a year due to the higher interest rates. And we're spending about $2 trillion more every year than we're taking in. That money doesn't magically appear, we sell bonds to cover our overspending which adds to the debt which increases our interest payments. A never ending loop. As was seen with the "Big Beautiful Bill" in order to get good things accomplished they had to compromise with Republican Congressmen and Senators, giving them unnecessary pork but in the eyes of those Republicans very necessary for their re-election chances. We have a flawed system. They ARE spending money we don't have and it doesn't matter which party is in charge. What's the answer? We know the Democrats won't reign in spending and they advocate various social ideas that most conservatives reject. And if the Republicans were to really tighten up the spending enough people would turn on them that they'd lose power. Our only real way out of this is to grow the economy to the point that the excess revenue is put on the debt. But as has been demonstrated in the past when there's an increase in revenue our leaders give in to the temptation to spend it. So good luck with your future. I fully expect your generation will be as irresponsible as ours. But somewhere along the way there's going to be a huge crash and a lot of suffering. [/QUOTE]

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