Money is gone ..it's borrowing and spending. Next in line is our 401k's .... watch for it when Democrats take over the house again. Personal wealth scare them and they need it . Will claim its for equality. If not mistaken it has been brought up a couple times before . Socialists will want it .It's hopeless 82. It's really not a matter anymore of if we're officially bankrupt but when we officially declare it? We will never erase this debt nor ever stop deficit spending! We will just keep borrowing & spending, borrowing & spending, borrowing & spending until the money is gone and we are forced to replace it with something else. (say hello to the New World Order)
No doubt @roadtrasheer ...they've already floated that idea before and it got shot down. I don't know if you remember a few years back when Dems were discussing the idea of taxing "imputed income"? The idea that they could stake a claim on the net value of all your anticipated equity from any assets you have? Say like your house is worth 500,000. If you had equity in it of say 250K, then they could tax that amount based on the idea that's really an asset and thus potential income you have access to?Money is gone ..it's borrowing and spending. Next in line is our 401k's .... watch for it when Democrats take over the house again. Personal wealth scare them and they need it . Will claim its for equality. If not mistaken it has been brought up a couple times before . Socialists will want it .