The Point of No Return

 

Source: https://www.cbo.gov/publication/58946

What is the Point of No Return?  When net interest on the national debt exceeds the primary deficit.  At this point, the system is out of control, with the deficit increasing every year with no way of stopping it.  When will this point be reached?  In 2027.

You won't be able to cut the budget anymore because there is nothing to cut, other than killing the sacred cows - Social Security and Medicare.  And Defense.

We have had a free lunch for many many years in this country because of our natural blessings from Providence, from the Bretton Woods conference, and from petrodollars.  Our free lunch is about to completely run out.  I don't think this is the end, I think there still may be time to stop it, but our window of opportunity is rapidly slamming shut.