K-12 Tax & $pending climate: “America will keep spending money like a drunken sailor until the world stops funding it”

Ambrose Evans-Pritchard:

Washington’s unchecked borrowing is evidence of a decadent society that has lost all self-discipline.

Never before has the US entered an economic downturn with a combined federal, state, and local budget deficit anywhere near 8pc of GDP…

Philip Pilkington:

Actually its worse than that. They’re spending like crazy while trying to push a major creditor into some sort of Cold War. Basically no one in DC has a clue what’s going on anymore. Autopilot has been activated – but the controls have been set by a monkey. 🇺🇸