How long can the bankrupt American republic attempt to run the world? President Joe Biden is the foreign policy equivalent of an alcoholic. He can’t get enough of U.S. meddling around the world. Although he withdrew American forces from the endless Afghan imbroglio, he has taken the U.S. into a dangerous proxy war against Russia, announced that he is prepared to fight China over Taiwan, and threatened Iran with attack.
Where would he get the money necessary to fight so many conflicts? The U.S. is heading toward national bankruptcy. This course was firmly set by President George W. Bush, who went on a spending spree with a GOP Congress. President Barack Obama supported massive expenditures amid the financial crisis. President Donald Trump encouraged Republicans to spend wildly and did little to restrain Democrats after the latter took control, especially after the spread of Covid-19.
And so it continues. Never mind Treasury Secretary Janet Yellen’s warning that “the US debt path is completely unsustainable under current tax and spending plans.” Every day the Biden administration imagines new programs and expenditures. The latest is the “Build Back Better Lite” bill negotiated with West Virginia Senator Joe Manchin. If enacted, its impact will be to fuel already raging inflation.
The Congressional Budget Office warned of a growing debt burden that eventually will put the average wastrel developing state to shame. Strictly speaking, governments don’t go bankrupt. They become insolvent, renegotiate (or even repudiate) debt, accelerate the printing press, devalue currency, quit paying employees, cut social programs, and take other steps that immiserate their populations. None of them continue to bestride the world like a colossus, subsidizing the defense of allies near and far, intervening in distant hotspots of little importance to their people, ordering the rest of the globe to conform to their dictates, and […]
Yes, We Need Your Help
I hate being “that guy” who asks people to donate because I think our conservative news network is so crucial, but here I am…
When I left my cushy corporate job in 2017, I did so knowing that my family would have to make sacrifices. But I couldn’t continue to watch the nation slip into oblivion and was inspired by President Trump’s willingness to fight the good fight even at his own personal expense. What I didn’t realize then is that conservative media would be so heavily attacked, canceled, and defunded that the sacrifices would be extreme.
Many in this nation are struggling right now even though we weren’t struggling just a few years ago. I’m not alone. But I wake up every morning and operate the sites we’ve been able to build because there’s really no other choice. I refuse to be beholden to Big Tech like so many other conservative news outlets, which is why you won’t see Google ads here. With that said, it’s often challenging to pay the bills and it’s even harder to expand so we can get the America First message out to a wider audience.
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