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Showing posts with the label national debt crisis

SHOULD YOU WORRY ABOUT THE NATIONAL DEBT CEILING CRISIS?

 I yesterday ended with this cartoon by Mike Lukovich: Something terrible has happened to the Republican Party.  The root cause is Donald Trump.   At one time, smart minds guided the Grand Old Party.  Today, the dregs of society control this organization. That Trump coup attempt on 6January2021 was Act One.  Then consider all the legal problems facing him.  Add the mediocre competitors facing him.  I've long thought Ron DeSantis was an idiot governor, and nothing he has recently done has helped.  Are they doomed on 5 November 2024? They still have two pathways for victory.  If Joe Biden gets seriously ill, that could become a problem for Democrats.  If the national economy crashes by the Fall of 2024, Republicans can cheer.  The one sure way this can occur, beginning now, Act Two, is to default on our national debt.  Sure the country will suffer, and if Republicans succeed, this will just be another way to discombobulate not only our economy, but the foundation of democracy and fre