tomder55
May 23, 2025, 02:57 AM
This year marks the 250th anniversary of the American Revolution. 250 years is a long time for a republic . The nation often lives long past when a republic form of government dies .
By the time of Independence Day this year the epitaph of the American experiment and our republican form of government will have been passed by the Senate and signed by the President.
"Secure the blessings of liberty for ourselves and our posterity is written into the preamble of the US Constitution. The framers put it in for a reason. They wanted to ensure that the liberty they fought for was passed on to future generations .
They fought to prevent taxation without representation . So it is fair to ask . Where is the representation for generations of future Americans who will be forced to pay the price(taxed) for our irresponsible deficit spending ?
MAGA began October 2015 . Paul Ryan inherited the Speaker of the House replacing Speaker John Bonehead . He entered Congress as a Jack Kemp conservative . But as speaker he continued the policies of the swamp Repubs MAGA was born as a backlash .The MAGA movement was dedicated to the end of deficit spending and reduction of the debt.
Fast forward to yesterday . The budget passed by the House does not reduce spending . Instead it increases the deficit and debt. It reforms Medicare in the margins while still allowing able bodied males to collect more benefits than the truly needed that the program was designed for .
It tinkers with eliminating some of the budget busting green new steal while maintaining and cementing most of it as permanent . It does nothing to reform other entitlements that are on target to be insolvent in less than a decade. Social Security and Medicare will be collecting $2.6 trillion annually in revenues while costing $4.8 trillion in benefits and interest costs in less than a decade .
It enacted into law exactly ZERO of the DOGE reforms .
All this was passed with a total of 2 Republican no votes. The American people voted them in . You rarely hear the march towards debt crisis as a campaign issue. The Repubs has become just another socialist party doling out favors The American people stick their heads in the sand even as they feel the consequences of the policy with risings inflation costs . It is too hard to reform so instead we march on towards collapse.
No problem say the Repubs and the President . IF we get above 3% growth ;problem solved . The GDP is not projected to come close to 3% ;and even if it did the deficit reached 7.5 percent of GDP last year and is projected to swell to 14 percent of GDP over 30 years . More and more of the budget will be dedicated to debt service ;especially if as it appears to be ;that credit rating downgrades will cause interest rates to rise based on the sell off of treasuries no longer being a safe bet . According to the CBO ,for every percentage point increase there will be $35 trillion in interest over three decades
A Comprehensive Federal Budget Plan to Avert a Debt Crisis | Manhattan Institute (https://manhattan.institute/article/a-comprehensive-federal-budget-plan-to-avert-a-debt-crisis-2024#:~:text=For%20each%20percentage%20point%20tha t,Immigration.)
The debt ratio (percentage of debt to GDP) has already swelled to 120% . It is projected to rise above 230% in 3 decades with current interest rates . Add a point or 2 to interest rates and we are looking over 300% .
Back in the Bubba -Newt era ;modest reforms were enough to create a temporary surplus . No such modest reforms are available now. The American people have been seduced by the gimmee culture. That will make the necessary sacrifices all that much harder.
I do not believe the American republic will survive as our form of government . Our goal to secure liberty for our posterity no longer appears attainable .We live in a post-Constitution America
By the time of Independence Day this year the epitaph of the American experiment and our republican form of government will have been passed by the Senate and signed by the President.
"Secure the blessings of liberty for ourselves and our posterity is written into the preamble of the US Constitution. The framers put it in for a reason. They wanted to ensure that the liberty they fought for was passed on to future generations .
They fought to prevent taxation without representation . So it is fair to ask . Where is the representation for generations of future Americans who will be forced to pay the price(taxed) for our irresponsible deficit spending ?
MAGA began October 2015 . Paul Ryan inherited the Speaker of the House replacing Speaker John Bonehead . He entered Congress as a Jack Kemp conservative . But as speaker he continued the policies of the swamp Repubs MAGA was born as a backlash .The MAGA movement was dedicated to the end of deficit spending and reduction of the debt.
Fast forward to yesterday . The budget passed by the House does not reduce spending . Instead it increases the deficit and debt. It reforms Medicare in the margins while still allowing able bodied males to collect more benefits than the truly needed that the program was designed for .
It tinkers with eliminating some of the budget busting green new steal while maintaining and cementing most of it as permanent . It does nothing to reform other entitlements that are on target to be insolvent in less than a decade. Social Security and Medicare will be collecting $2.6 trillion annually in revenues while costing $4.8 trillion in benefits and interest costs in less than a decade .
It enacted into law exactly ZERO of the DOGE reforms .
All this was passed with a total of 2 Republican no votes. The American people voted them in . You rarely hear the march towards debt crisis as a campaign issue. The Repubs has become just another socialist party doling out favors The American people stick their heads in the sand even as they feel the consequences of the policy with risings inflation costs . It is too hard to reform so instead we march on towards collapse.
No problem say the Repubs and the President . IF we get above 3% growth ;problem solved . The GDP is not projected to come close to 3% ;and even if it did the deficit reached 7.5 percent of GDP last year and is projected to swell to 14 percent of GDP over 30 years . More and more of the budget will be dedicated to debt service ;especially if as it appears to be ;that credit rating downgrades will cause interest rates to rise based on the sell off of treasuries no longer being a safe bet . According to the CBO ,for every percentage point increase there will be $35 trillion in interest over three decades
A Comprehensive Federal Budget Plan to Avert a Debt Crisis | Manhattan Institute (https://manhattan.institute/article/a-comprehensive-federal-budget-plan-to-avert-a-debt-crisis-2024#:~:text=For%20each%20percentage%20point%20tha t,Immigration.)
The debt ratio (percentage of debt to GDP) has already swelled to 120% . It is projected to rise above 230% in 3 decades with current interest rates . Add a point or 2 to interest rates and we are looking over 300% .
Back in the Bubba -Newt era ;modest reforms were enough to create a temporary surplus . No such modest reforms are available now. The American people have been seduced by the gimmee culture. That will make the necessary sacrifices all that much harder.
I do not believe the American republic will survive as our form of government . Our goal to secure liberty for our posterity no longer appears attainable .We live in a post-Constitution America