Self-evidently, the news has been overwhelmingly focused on Washington’s current endeavor to unload $200 billion of imperial destruction upon Iran and its neighbors around the Persian Gulf. Well, and also upon all other users of petroleum products, LNG, LPGs, nitrogen fertilizer, food, helium, semiconductors, manufactured goods and most everything else anywhere on the planet.
Accordingly, comparatively scant attention has been given to another recent milestone on America’s headlong dash to fiscal disaster. To wit, the public debt crossed the $39 trillion mark and nearly in the blink of an eye, too. Just four years ago, we were at the $29 trillion level and nine years ago at the $19 trillion mark.
Needless to say, the “peacemaker” in the Oval Office has played no small role in this skyward ascent of the public debt. During his first term, the public debt grew by a staggering $8 trillion and already another $3 trillion has been racked-up during his second go-round.
Stated differently, the King of Debt has surely earned his place in the history books. The $11 trillion of new debt on his watch to date already accounts for 28% of all the public debt incurred in America since George Washington!
Then again, he still has got nearly three years to go, and the debt impact of both the OBBBA and the impending financial and human bloodbath in the Persian Gulf are just getting started.
Indeed, as to the latter it’s as clear as the orange glow around his cranium that the Donald is doing another round of fake rope-a-dope negotiations with the Iranians. That’s to buy time to get the 82nd Airborne, various amphibious landing ships and other invasionary forces in place for his next “win”.
That’s right.The fool in the Oval Office is actually going to attempt to seize the Alamo Kharg Island. That will mean military chaos in the Gulf, unprecedented turmoil in the global economy and soaring military expenditures, which will make the pending $200 billion DOD supplemental look like a mere down-payment.
Hellbound and Down 