Is the USA going the right way with handling the Debt Crisis

The Biden Administration wants an open door policy to increase Government spending and the new budget indicate that the debt limit over the next 2-5 years from the present $31,4 trillion making the debt level 144% of the GDP to $53 trillion in the period increase from 144% to 243% if the Biden budget proposal now under consideration is approved.   

That sounds bad - very bad - but there is another factor that is most disturbing.  According to statistics the GDP of the USA is shrinking by $6 million per day - that means over a two year period the result will be a GDP will shrink by $4,38 trillion.   According to that calculation the GDP of the USA is at present $21,80 trillion with an imminent shrinkage to an estimated $17,32 trillion.  If those statistics are true the real percentage stats are 302,4% of the GDP.

As a person with extensive budget experience and being an unofficial advisor of National Treasury - they used to send new projects of all Education Departments in SA for comment without telling the Department concerned the process they followed when approving or turning down budget requests.   Fact is they never approved new expenditure over a period of years if I suggest the proposals are going to be unproductive and fruitless.  For me deficit spending is a no-no since in the end uncontrolled deficit spending bankrupts the country.   

The problem is that the USA has exported investments in China and other countries to produce goods that were previously produced in US factories.    That is having a disastrous effect on the US GDP.   The recent figures are indicative of a shrinking economy and uncontrolled increase in Government expenditure.   it is a sign of coming future depression that will make the 1929 to 1933 depression looks like a Sunday school picnic.    Deficit spending is to my mind based on SOCIALIST philosophy that the Government can do anything without consequences.

In an effort to counter opposition to their policies the US Government is using the Justice Department and FBI to politically undermine opposition to the Biden Administration and the end result would be a total socialist dictatorship.   

When a government prints excessive amount of money to bail out a sinking banking system, it does not require a vast knowledge of economics to see the red lights flashing.

It's rather like the artificial flashy individual we see around today who lives an affluent life style, a massive mansion, a fleet of top range vehicles and big spender. People assume he has it all but often, not always... they are wrong because little do they know that he is bonded to the hilt and although he earns a massive income, the balance sheet shows he is in trouble. He is a slave to debt. Seen a few of those. Most often such situations end in tragedy. Unfortunately the real problem, the root problem is vain imagination.

False values that an obsessed nation thinks is great. The movie and entertainment industry promotes such illusions. Hollywood is well known to setting this mindset...it works on misrepresentations of truth, not only in values, morals and standards but also in politics.

USA and it's lackeys is going down, it's a big wake up call to stop, face the music and be honest and truthful and fix the whole system.

No.

But Talibiden has never had a real job or had to work for a living, he is a typical political government employee with authority spoilt rotten by hand outs, freebees from all concerned plus whatever else he can do to get rich.

Now that he is able to direct his staff to carry out his reckless spending while at the same time milking the taxpayers for every dime that they can and driving the National Debt up by borrowing and printing US dollars.

Biden his VP plus the US cabinet are without doubt the weakest, clueless, corrupt and most unpatriotic bunch of idiots ever to be elected to the White House.

Speaks volumes for what the USA elections are and the type of folks who vote plus the dead votes.

Corrupt from top to bottom.