Debt Downfall
Debt Debacle Will Be Our Downfall Emma Walsh Oct. 11, 2020 The coronavirus and the presidential election have dominated the headlines in recent times. But no one is talking about the biggest problem facing the nation right now… We are staggering under an ever-increasing burden of debt. Much of it can never be repaid. But rather than address the problem, the feds are intent on making it worse… Regards, Emma Walsh Managing Editor, Bill Bonner’s Diary A Head-On Collision The Baby Boomer elite has promised itself health and pension benefits worth over $200 trillion. Politically, they must be paid… But this year, taxes only brought the U.S. government half the money it needed. So how will it fund these “unfunded liabilities”? The Feds Dominate Your Life The coronavirus was advertised as an existential threat. But for most people, the virus is not much of a threat at all. President Trump’s advice: Don’t let it dominate your life. Our editor argues the same might be said of the feds, whose policies are far more life-threatening than any virus. The Helicopters Are Standing By After abruptly calling off negotiations on another COVID bailout, Donald Trump did a swift about-face. He’s now promising more $1,200 checks. The helicopters are standing by. But where will the money to pay for this latest bailout come from? The Coming Doomsday Debt Debacle...
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