Galt's Gulch

"Welcome to the Death Spiral"--when sovereign debt interest payments + entitlements exceed taxable revenues

Posted by bubah1mau 1 year, 2 months ago to Economics
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Spiking interest rates and spiking entitlements have to be matched by spiking, taxable productivity or else SHTF. According to John Rubino's analysis, SHTF is very near.
SOURCE URL: https://rubino.substack.com/p/welcome-to-the-death-spiral

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  • Posted by freedomforall 1 year, 2 months ago
    This is part of the reason for the plandemic and the planned war in Ukraine.
    The corrupt elites who manipulate the fedgov can see the rigged game is about to end
    and they must have controlling forces in place to crush resistance when it does.
    So they have planned propaganda to blame the collapse on an epidemic and war so
    the starving people are dependent on the fedgov (Deep State) for food and medicine
    for their children.
    Trump did not agree and the 2020 coup was initiated by the Deep State.
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  • Posted by mhubb 1 year, 2 months ago
    the word " entitlement" does not exist in my copy of the US Constitution

    NO ONE is entitled to what someone else earns, owns
    NO ONE!!!!!!!
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    • Posted by bubah1mau 1 year, 2 months ago
      Of course you're right, but try telling that to the mob of those getting retirement pensions from gov. jobs, military pensions, social security, and Medicare/VA benefits that most of those people feel they've earned by years of service and tax payments. Trouble is, a lot of people have been gaming these systems to enjoy benefits they're really not "entitled" to. Dems don't care; easier to pay with other people's tax dollars than contest the fraud.
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      • Posted by mccannon01 1 year, 2 months ago
        I figure I paid into the SS Ponzi my entire working life so the relative pittance I'm getting as an ROI I am entitled to. I actually did far better with my personal investing and if I could have invested all the SS stolen from my paychecks (not to mention what was stolen from my employers on my behalf) I'd be much better off. So let's not be grudging me my bowl of government rice I paid for a long time ago.

        Yes, the whole damn thing is unConstitutional, IMHO, too, and never should have happened.
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        Posted by mhubb 1 year, 2 months ago
        i fully agree with you

        i would want to stop this madness doing the least harm possible

        all those that double-dip into government retirement, should not be allowed, pick one, not both

        politicians should get the same health care and retirement as the rest of us, once they leave office
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  • Posted by mhubb 1 year, 2 months ago
    we need to end the welfare state
    welfare for those that do not and have never worked

    welfare for il-legals

    at this point, i see no way to stop the collapse of the US
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