Boots & Sabers

The blogging will continue until morale improves...


Everything but tech support.

0920, 23 Dec 20

$29 Trillion in Federal Debt

I know that nobody cares anymore, but I’m glad that at least one person in Washington does.

“While I am glad a government shutdown was avoided and that financial relief will finally reach many who truly need it, the fact that this dysfunction has become routine is the reason we are currently $27.5 trillion in debt. This combined spending bill will drive our debt to over $29 trillion by the end of this fiscal year. I supported the CARES Act because we had to act quickly and massively to prevent an economic meltdown and to provide needed financial relief. I also helped craft and voted for a bill in September that would have provided more than $600 billion in targeted relief, but Democrats simply voted no.

“We do not have an unlimited checking account. We must spend federal dollars — money we are borrowing from future generations — more carefully and place limits on how much we are mortgaging our children’s future.”

Sen. Ron Johnson (R) Wisconsin

0920, 23 December 2020


  1. Kevin Scheunemann

    I am shocked at lack of inflation.

    That is why I an anxious to lock in long term fixed rate debt instruments.

    Accelerating inflation will have to be a consequnece at some point.

  2. dad29

    We could do worse than to remove all the foreign aid for one year.  AND cut the $650MM for the FEEB Palace of Seditious Intrigue.

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