Replies to post #7670 on First Mining Gold Corp (FFMGF)

[eik]

Maybe because Donald Trump promised to reduce the nation's $19.5 trillion debt by growing the economy and reducing waste in federal spending. "Instead, his policies will increase the debt by $5.3 trillion." https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401

[slazenger7]

No they haven't. In fact, during his eight years in office, President Obama increased the debt more than 8 trillion, George Bush added over 5 trillion in his eight years. Bush and Obama added more to the debt than all the Presidents before them combined did.

[Implanting]

Obviously, the debt is accelerating at a more rapid pace now. Another trillion dollars of debt in a year. That's a hellava lot of money and the biggest problem is nobody in government gives a shit about stemming the tide. Nobody cares until we hit the wall, then it will be a disaster.

[Implanting]

I would add that just because Bush and Obama ran up huge deficits before Trump doesn't make more out-of-control spending the right thing to do. The problem being faced is the same in every one of these administrations....they think throwing more money at an issue is going to solve the problem and it doesn't. The only way things get done in the Swamp is for more money to be allocated to pay for everyone's pet projects. If Trump wants to do something like the Wall, the Dems have to get money for their projects or nobody gets anything. It all a big scam.

As interest rates keep moving higher it becomes more expensive to service this unsustainable debt down the road. Problem is none of our elected officials give a damn about the coming train-wreck because they figure they'll be gone when it hits. Trump included.

The U.S. government is spending more money now in supposedly "good times" than if we were in a bad recession. What the hell for?

[Implanting]

This article touches on my point about how this debt process is accelerating. That's the way defaults happen, one day everything is fine, the next day you've defaulted on your debt.

They added 6% of debt to the balance sheet in only six months. This article is a must read.

https://wolfstreet.com/2018/03/16/us-gross-national-debt-spikes-1-2-trillion-in-6-months-hits-21-trillion/