Government Borrowing To Rise 84%

Addiction is the only way to accurately describe it:

It was another crazy news week, so it’s understandable if you missed a small but important announcement from the Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year – President Donald Trump’s first full year in charge of the budget.

That’s almost double what the government borrowed in fiscal year 2017.

Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according to a documents released Wednesday. It’s the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.

Treasury mainly attributed the increase to the “fiscal outlook.”…

“We’re addicted to debt,” says Marc Goldwein, senior policy director at Committee for a Responsible Federal Budget. He blames both parties for the situation…

“Every time you feed your addiction, you grow your addiction,” says Goldwein.

There doesn’t seem to be any appetite for budgetary restraint in Washington, but the market may force Congress’ hand.

We still are not seeing what the infrastructure bill, the increases in military spending, or the effects on tax receipts of any economic downturn will do to that number. And Trump may have to offer increased spending elsewhere to get a deal on other issues he wants to deliver on. It could go much higher.

It is a wise play. I would try to increase it by even more. America is a junkie which does not want to go to rehab, so the best course is to facilitate safe highs until such time as conditions change, and America is forced to confront her addiction. It even has the advantage of speeding the time until a more sudden collapse, rather than drawing out the collapse into a soft landing which will then produce a lingering period of economic doldrums seemingly forever.

But you can see how things would go from bad to cataclysmic overnight if the Apocalypse hit, and wiped out tax receipts, as it destroyed jobs, evaporated bank accounts, and destroyed the infrastructure to deliver goods – and even eliminated the lenders who are facilitating borrowing.

I watch Drugs Inc. periodically, and am astonished at how addiction works in the addicts. I thought they needed to get high because they were used to being high. In reality they need to get high to feel normal, and escape a pain and suffering they cannot tolerate.

Every day the addicts get up, physically sick and miserable, as if they have the worst flu you can imagine. Their muscles ache, their stomachs are cramped, they are covered in cold sweat and chilled to the bone, they shake and they throw up. And then they force themselves out the door to go and find the fifty or a hundred dollars they need to get their next fix for the day. That fix only gives them moments of warmth and a feeling of normal health, which they enjoy for a few hours, before the intolerable sickness returns. That is why they call it a fix. It fixes them and makes them feel normal, implying that their natural state without “the fix” is being broken.

America is now a junkie. Only there is no methadone to blunt the pain of withdrawal from debt. And like an addict, America is going to ride her addiction into the ground, until she hits rock bottom, and the amygdala from stopping is indistinguishable from the amygdala produced from continuing on.

Everything in politics comes down to resources and dopamine. The system around that mechanism is what produced ideological differences, motivates the search for greatness, and that system is what produces all of history.

And we have some epic history that is going to be made at some point in the near future.

Tell everyone about r/K Theory, because this is your country on drugs

This entry was posted in Amygdala, Dopamine, Economic Collapse, ITZ, K-stimuli, r-stimuli. Bookmark the permalink.
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LembradorDos6Trilliões
LembradorDos6Trilliões
6 years ago

When monetary crisis hits and the party of broken logistics chains and vertical markets starts, the after match will allow to redesign the whole system. With our Dolan at the helm of the greatest country on earth (after Portugal, of course 😉 ) kicking the satan spawn that are the Rothschild’s and the traitors ass, I have faith we will manage to avoid a 300 year deflactionary dark age on all the West.

Link on the history of the Rothschild family who owns most central banks of the world: https://www.quora.com/How-influential-are-the-Rothschilds-throughout-history

Documentary about the insanity of central banks policies around the world: https://youtu.be/p5Ac7ap_MAY

Pitcrew
Pitcrew
6 years ago

The Dow fell 1600 points today. Although it’s not all bad if the Nasdaq and SP500 lose- it would force companies to invest their money in US infrastructure- or go overseas- where they will be taxed and forced to pay bribes to keep their money. Trump’s only winning move to keep his boomlet going to 2020 is to spend and lower taxes at the same time. The silver lining being that the U.S. could become the worlds tax haven, just in time for WWIII. Hopefully we use the same strategy that propelled us to victory in the first two, namely staying out while arming up.

Lowell
Lowell
6 years ago

So, yep, Trump’s economy will collapse in the first or second year of his first term, and it will be so bad as to redefine the term “collapse.” The US population LOST people during the 1930’s due to starvation and associated illness. This time it will be much worse.

Dave
Dave
6 years ago

Why shouldn’t Trump add another $10 trillion to the debt? Democracy rewards frugal leaders by throwing them out on their asses so that the benefits of their thrift accrue to the other party. You have the national credit card in your hand, Donald, now use it or lose it!

November 9, 1989 was game over for Communist Prison States; they instantly lost all legitimacy as the wall opened and thousands streamed across. Democratic Social Welfare States, which survive only by printing money and lending it to themselves, are likewise doomed to a swift, total, and global collapse. Can’t say when though — communism survived far longer than any reasonable person could expect, but every swindle eventually runs out of suckers.

rien
6 years ago

As long as the economy fill everyone’s mouth, monetary games can be played.
Its when people go hungry that the jig is up.
Given current productivity levels, they can keep this going for some time yet

Avalanche
Avalanche
6 years ago

The ‘coming apocalypse’ is something most people don’t even see, thanks to the leftie-lib-money hysteria about the completely false “anthropogenic global warming.” (The warming WAS true, but it’s ENDED; the ‘human-caused’ part was a power-and-money grab!) The next slide into a deeper Ice Age HAS began (back in 2014!) . Yes, deepER because we were in what’s called an interglacial — it’s NOT ‘permanent warm Earth’ — it’s a brief (~10k years) warmISH spot between some 90k years of DEEP ice age! That’s been the pattern for at least THREE MILLION YEARS that has been determined, but not by the folks getting the money and trips to global warming conferences in tropical/tourist spots!

The current ACTUAL (mostly unfunded!) science shows we will be into the DEPTHS of the ice age by 2030. (Chicago weather in Atlanta; the agricultural ‘structure’ of the PLANET will collapse, massive population disruptions and death… oh the good times, they are a-comin’ back fer shure!)

(The govt has been lying to you! What?! NO! They wouldn’t!)

EASY to find:
Anything by John Casey — “The Great Global Warming Swindle”: https://www.youtube.com/watch?v=52Mx0_8YEtg — “THE GLOBAL WARMING FAD – Paleoclimatologist Bob Carter: Climate Context As A Basis For Better Policy” https://www.youtube.com/watch?v=6XtIUx8bjeU — the Oppenheimer Ranch Project (lots of good stuff) — “The Science of Climate Change | Dr. Patrick Moore and Stefan Molyneux” https://www.youtube.com/watch?v=pbgcyW-MqtY

Whitey
Whitey
6 years ago

Yes, that understanding of drug dependency was mine as well (and most others’ no doubt) until some time ago. Most people think they go through life in a high, but I now realize that’s not the case, after not very long, I’m sure.

And I have some experience with it as well.

I have chronic lower back pain that I’ve taken Tramadol (a very weak opioid) to give some relief from for several years now. It does still give me moderate relief, but I’m also hooked on it as well. If I fail to take it (due to oversight/brain fart) I feel just crappy. Like nothing else I’ve ever felt. Brain fog, low energy; just crappy. Oh, and my pain is worse too, of course. It’s insidious and once I realize what’s going on I take my pills and feel much better soon. And this is a mild version of what hard opioid users go through, so I can imagine.

I hate that I’m hooked on it, but see no other good option. Believe me I’ve tried all the exercise, stretching, chiropractic, etc. ad nauseum. And I’m trim and in good health otherwise. I was always athletic, and retired from the Air Force (pilot). I eat a paleo-ish diet (I do eat homemade sourdough bread occasionally and I eat beans/legumes, for example) and I never (that’s right, never) eat out or eat packaged, highly processed foods. I own chickens and get farm fresh raw milk. That’s just to give you an idea of my approach to food.

Anyway, I figure that until some medical advance comes along that might treat my condition that I’m consigned to live with this; and hope there’s not long term detrimental effects, and that society stays together so I don’t have a supply interruption. I do have a couple months extra, and am working on getting a bigger pad. Such is my life.