Can USA Borrow Another $1 Trillion This Year?

Did you know that in the last 100 years the US Dollar has lost 96% of it's value?

"Dennis, I don't understand what you are saying...can you put it into layman's terms?"

OK....if you had $1 in your pocket today, you could buy what $.04 cents would have bought you in 1918.

"Yeah....I still don't get it.  Who cares anyway?"

It's interesting because paper money always becomes worthless at some point.  For more evidence, look at what is happening in Venezuela.  They are just tossing their money out.

You can borrow money for a while...and put it all on a credit card.  It might be fun when you go on vacation or buy that new car with borrowed money but there comes a time when you simply go beyond the point of no return.

When will that be?

I have no idea.


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.” The Congressional Budget Office was more blunt. In a report this week, the CBO said tax receipts are going to be lower because of the new tax law.

Here;  https://www.infowars.com/government-set-to-borrow-nearly-1-trillion-this-year-an-84-percent-jump-from-last-year/

We might FEEL like "good times" are here again...but we never actually fixed anything from the financial implosion of 2008...we just borrowed our way out of it.

One day the piper will have to be paid.

"Dennis, who really cares if my kids have to pay for my car loans, Social Security payments, military deferred costs and Medicare....by the time they have to pay it all back...I'll be in the grave."

Hmmmmm......not sure that's such a great way to think about things.