livefree_ordie, My point you make in your first sentence. Who cares what 'you can be sure of'. In fact you can't be sure of that. Fact is Trump defunded. Period. Why? Can only think because he knows his base likes to see him cutting funds. Specially funds for the UN and other world efforts. He fed you the the isolationist dribble you people love. Still does. It's not good for anyone any more. Biden is taking measures to correct the mess Trump never did and never does really care about.
"I am sure folks had Trump’s ear on some of the questionable teachings that had been going on and convinced him to defund such efforts. As President you have to depend on a litany of folks you should be able to trust. We know how that all turned out. As the U.S. was the major contributor here seemed an easy target for Trump to defund I gather. Glad to know they are eliminating some of the former hate in said teachings now. Children all deserve a good education but I do go back to why does the U.S. have to be the founder of everyone in our world, when we are broke. Seems someone out there really either knows we are not or we hold a massive amount of I.O.U. From every Country on Earth ver soon money will not matter much at all. The way to get rid of the curl Trent system to put us all on digital currency is to simply destroy the one we have now. Then forcible action will require we all follow suit or be broke."
Second sentence you state the bleeding obvious without mentioning the fact Trump had and has so many around he couldn't trust. He basically cared if they were loyal to him. Not much else.
Next two sentences are ok, then you get into the role of the US. Fact is the Us had established itself as the bully on the block. Now has lost the mantle a bit as others get stronger. The US has done much good too, of course. And you aren't broke.
In contrast, the financial health of the United States is relatively healthy within the context of the total value of U.S. assets.
A much different picture appears once one looks at the underlying asset base of the private and public economy.
The total debt of U.S. governments (federal, state and local) is $33.6 trillion, with the federal portion accounting for $31.4 trillion. At first glance, that figure underscores the argument to cut back on spending and the need for a periodic crisis to create the conditions for spending restraint.
But once you consider that figure within the context of the total economy, you obtain a very different outcome.
Total government debt comprises about 23% of total nonfinancial assets of $143.6 trillion. That implies that the U.S. economy—despite large nominal private and public debt—sits on an asset base four times larger and an economy that generated a nominal gross domestic product of $26.4 trillion through the first quarter of this year alone.
When viewed within that context, as well as the annual growth of GDP, $33.6 trillion in government debt, as high as it seems, is manageable.
The plain fact is that the U.S. regularly issues Treasury notes that generate strong domestic and global demand. Investors and other countries line up to purchase U.S. securities.
Not only does that unmask the flawed arguments that look to justify a standoff over raising the nation’s debt ceiling, but it also illustrates the risk around even a technical default on just a part of the roughly $31 trillion American fixed income market.
That’s not to say we should ignore government policy or the mismanagement of government finances. In fact, using fiscal policy, whether higher taxes or lower spending, to cool off the economy during a period of elevated inflation is entirely reasonable, but even today, that’s not being used. https://rsmus.com/insights/economics/is-the-us-going-broke-not-remotely.html
You get suckered by conservative propaganda. All you have to do is ask google a question, or make a statement contradicting what you believe. Like it this case search 'the US is not broke'.
Then you wander into some fantasy land which is a waste of anyone's time. Including yours.
You must hate today and the passing of another Defense Bill to fund all of these things before the year ends.
Now you dislike Free Trade and the holding of currencies by every nation that trades on the world market. You do understand that by having everyone hold currency ever other country allows for the movement of funds all over the world. It is like a check and balance system for world trade. Even the little guy can be assured of getting his funds when he sells something to another country. This art of trading has been going on for 1000s of years.
Have you ever bought a car, a house, or even sell your year's harvest, like they do in the Midwest. When I was in college in the Midwest those farmers depended on world trade to be assured of a market for all of that corn, they were planting each season.
Now you are claiming America is broke, have you ever looked outside to all of those roads and bridges. Now try and imagine all of those cars and trucks carrying people and products all over the nation. Most Americans get up each day, go to work and produce goods and services. In America this year we will do over 28 trillion a year.
When trump left office America was doing 21 trillion a year. You keep wanting to look for the destruction of America. I like Warren Buffett's attitude, never bet against America.
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