Debt on Track to Hit 800 Percent of GDP

The criminal usurpers you call the Federal Government have placed us on a path of total destruction.

Recently Congressman Paul Ryan asked the CBO to conduct some modeling of the economy given the known parameters of our current spending situation.  It turns out the CBO models explode around the year 2037 due to the total insanity our government is engaged in.

I disagree with the CBO.  We are currently experiencing an inflationary meltdown and we have far less than 26 years to get our collective house in order.

I give us around a year before the dollar goes supernova.

It might take 26 years of current spending levels to return us to the Stone Age, but I think the rioting will start well before that takes place.

Financial analyst Bruce Krasting agrees with me, calling the budget Ryan proposed a bunch of bullshit:

On his way to a presidential bid congressman Paul Ryan came forward with a blockbuster budget. The suggestion is that we can trim (get this) $6.2 Trillion out of future budgets. The result of this will be that we get back to long-term fiscal balance. Gosh that sounds good! Actually it’s bullshit. We will never see the savings that Mr. Ryan has projected. We will (economically) die first. The Ryan plan just kicks the can down the road for a decade.

CNS News reports:

We’re on a debt crisis path. We are on a path where the government goes from 20 percent of GDP, to 40 percent then 60 percent of GDP. We’re on a path where our debt goes from about 68 percent of GDP to 800 percent of GDP over the three-generation window,” Ryan said.

“I asked CBO to run the model going out and they told me that their computer simulation crashes in 2037 because CBO can’t conceive of any way in which the economy can continue past the year 2037 because of debt burdens,” said Ryan.

The government is an organization of looting thieves that use coercive force to take the property of those who produce in order to give it to those who do not.

Such a government is always unsustainable.