By Grand Rapids Anonymous
saturday, august 2, 2025 at 11:16:00 p.m. edt
zh: Think Uncle Sam owes $37 trillion? It's far worse than that ($137 TRILLION).
GRA: I won't bore everyone with minor details (fake accounting), but what's a mere $100 trillion between deadbeats, anyways?
If you ignore your debt and aren't forced to pay it--or even acknowledge the full amount--it is as fake as bitcoin--which is worthless by any logical measure.
At least a dollar is still backed by the government, but what the hell is government debt? Not real,for one thing--as of now.
--GRA
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Steyn in 2011: $15 Trillion in Debt, $100 trillion unfunded liabilities.
Steyn in 2013: $220 Trillion, according to the economist Laurence Kotlikoff.
Forbes in 2017: $210 Trillion unfunded liabilities
Trump and Congress, 2020: fraud magnets, because Covid: Stimulus money to everybody. Enhanced unemployment handouts. Paycheck Protection Loans. Employee Retention Credits. Two more rounds of stimulus money to everyone.
2021-2024: Biden/Harris sort of get stuck holding the bag for the inflation caused by that covid stimulus.
Republicans in Congress, June 2023 - Faced with a government shutdown, they add $1.5 Trillion to the debt ceiling. For the next 18 months they whine about how Biden/Harris spent the money. What did you fools expect when you gave a pile of money to the Democrats with no conditions attached?
Sen. Josh Hawley, 2024: The child tax credit should increase to $5,000 and make more of it "refundable", not just a reduction in tax to tax"payers".
Musk and Trump, 2025: $5,000 to everybody, it's a DOGE Dividend, whoopee!
MTG, 2025: We must pass MY bill to rename the Gulf of Mexico to the Gulf of America!
Trump and All The Republicans But One, 2025: This onebigbeautifulsh*tsandwich bill is the greatest thing ever to save America and it adds another $5 Trillion to the debt ceiling.
Trump, June-July 2025: There's no inflation anymore. I demand a 1% interest rate on the debt before we have to rollover/refi $28 Trillion in the very near future. Who's the idiot who hired that Jerome Powell in the first place?
Sen. Josh Hawley, July 2025: Look at that tariffs stash! We should send everybody $600 of free money.
U.S. Senate, July 2025: Senators are working on 2026 appropriations spending bills and have already passed a few of them. They're loaded with dozens of earmarks for various Senators' pet projects in their home states. Just like old times!
U.S. House, September 2025: Back from their 5-week vacation, many House Republicans speak out against earmarks and pledge to vote No. Rep. Warren Davidson echoes his earlier comment about the onebigbeautifulsh*tsandwich bill, "I'm convinced that the necessary spending cuts will be made."
U.S. House, November 2025: The appropriation bills from the Senate are marked up with lots of earmarks by House members for very important projects in their own districts.
President Barron Trump, 2064: I need a $100 Trillion increase in the debt ceiling to avoid cutting essential services and to save Social Security for those few remaining 170-year-olds on the rolls that Elon's whiz kids missed.
Barron Trump--president 2064. That might transpire on the planet "Venous",named for the chronic condition that was originally thought to be his dad's malady--chronic venous insufficiency--but was later discovered to be full heart failure. "Venous",two solar systems away.
Or on the planet,"Melania",where Elon Musk moved to with "The Donald's" widow in 2040.
These planets were all White,by the way(except for Melania)with shoeshine boys and negro maids,teleported back and forth as needed.
--GRA
Economic updates:
(1) Bannon's gettr - reposted from somewhere called FintechFrontier - no link, just this statement: "BREAKING: The world is now $324 TRILLION in debt — the highest level in human history. That’s more than 3x global GDP. And it’s still rising."
(2) The Emperor's New Statistics, continued, at https://mises.org/mises-wire/fed-says-it-data-driven-data-isnt-any-good. They produced a Trump twOOt of June 6 hailing GREAT JOBS NUMBERS (all caps in his original, of course). And asserted that "In fact, McEntarger’s methods have benefited Trump. After all, it’s that initial release of data that gets the most headlines, and it’s the revisions that are usually forgotten and swept under the run. McEntarger is doing the same thing she did during the Biden administration: release positive initial data, and then revise down the numbers after the fact. The overall effect is to benefit the incumbent administration, regardless of whether the incumbent is Biden or Trump. Trump seems to be too obtuse to understand this."
(3) What what what's this with all the "white planets"? We recently witnessed the dawning of the Age of Jacquarious, after all. Stars, baby, stars! Which reminds me, ABC owes us another game show reboot, Holly-hood Squares.
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