Building infrastructure in the United States could be done for much less than is spent on the military. And creating manufacturing and jobs at home help reduce the debt.
Let's not wish for the collapse of the United States. Let's work to prevent it.
Let me explain this a little better. Lets start with "mandatory spending". Mandatory spending only includes Social Security, Medicare, and interest on the debt. Under current law, the U.S. is required to fund / pay for these items. It is mandatory...Discretionary spending is everything else...military, education, welfare, etc.
Mandatory spending cost the U.S. 2.9 trillion dollars a year. The government tax and other revenue generated annually (and this varies a little) is about 3 trillion dollars average. That leaves the U.S. government 100 billion. Baby Boomers are retiring..so mandatory spending costs will continue to rise.
Now where is the money going to come from to create jobs and build infrastructure? It will have to come from borrowing...As it is, the U.S. can never balance the books without borrowing. What is the magic debt number? And when we hit that number, then what?
Bringing jobs back to the U.S. is not going to solve the debt problem..Spending cuts or raising taxes is not going to solve the debt problem. The debt is on the books...Did you know that 1 trillion seconds ago would put you back in time by over 32,000 years? In other words, if we printed 1 trillion one dollar bills every second, it would take us over 32,000 years to print...Now multiply that by 17 and you are talking some real debt numbers....
