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Government Corruption
Vulnerable
2023-05-21
Direct Translation via Google Translate. Edited.

Commentary by Russian military blogger Andrey Chervonets

Biden, during a meeting with Australian Prime Minister Albanese at the G7 summit in Hiroshima, asked journalists to "shut up" after numerous questions about the country's possible default

The default is such a thing that it is better to keep quiet...

The pricks have one hope, to try to hold out until June 15, when tax revenues will go.

And in fact, out of 6 trillion in the federal budget, two trillion annually is a deficit of this budget. Borrowed funds.

The Yankees can no longer live within their means. Without borrowing, they are beggars and rogues.

Moreover, they are rogue even if they continue to borrow as always.

They now have to borrow in ascending order in order to at least hold on to their falling pants. Without this, without borrowing in incremental mode - they are bankrupt and rogue
Related:
Default: 2023-05-20 Money talks
Default: 2023-05-17 US system of global dominance risks collapsing in a matter of months May 16, 2023
Default: 2023-05-14 Biden: the issue of public debt is being discussed, but there is no decision yet
Posted by:badanov

#4  We borrow money so we can give it away...
Posted by: 49 Pan   2023-05-21 16:56  

#3  
Posted by: ACA JOE   2023-05-21 15:56  

#2  We may be rogues, at least we're not thugs and stealers of washing machines.
Posted by: AlmostAnonymous5839   2023-05-21 13:16  

#1  All that borrowing went to give money to government hacks in exchange for undying voting loyalty to the Democrats + kickbacks in the form of campaign contributions from union dues.

75% of nonmilitary public employees in this country (all levels of government combined) are unnecessary. Almost 100% of them are also overpaid relative to the actual value of what they do.

Absent this situation we would be fine.

The political class and the public both have never figured out that the WWII peace dividend was kaput in1975. They want to keep living like it will never end. Half a century later we are insolvent.
Posted by: no mo uro   2023-05-21 05:34  

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