Debt Spiral

"It is impossible to know exactly when the next recession will hit. But when it does, two things will happen. One, people will lose their jobs, so tax revenue will fall. And two, more people will start claiming entitlements like welfare, which means the government will have to spend more money. Since these two trends are mathematically exclusionary, the government will likely resort to borrowing even more money, bloating the national debt even faster. This happened during the last recession, and America is in an even worse predicament this time. The federal government is over $22 trillion in debt. It has borrowed almost $6 trillion from its Social Security Trust Fund (intragovernmental debt) and over $16 trillion from outside investors (public debt). Last year, it paid an astounding $324.7 billion in interest payments on its debt - roughly half of what it spends on defense. Data from the U.S. Treasury Department's Office Of Debt Management shows that the government is only five years away from the point where every new dollar it borrows will have to be paid as interest on the debt. This is called a debt death spiral. The government will soon be borrowing money to pay the interest on money it has already borrowed." - A. Miller (October, 2019)

U.S. Economy

"Our economy is very strong, despite the horrendous lack of vision by Jay Powell and the Fed. but the Democrats are trying to will the economy to be bad for purposes of the 2020 election. Very selfish! Our dollar is so strong that it is sadly hurting other parts of the world … The Fed rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well. If that happened, our economy would be better, and the world economy would be greatly and quickly enhanced - good for everyone." - President Trump Posted On Twitter; August 19, 2019

Highway Patrol

I made a traffic stop on an elderly lady the other day for speeding on U.S. 166 Eastbound at Mike Marker 73 just East of Sedan, KS. I asked for her driver's license, registration, and proof of insurance. The lady took out the required information and handed it to me. In with the cards I was somewhat surprised to see she had a conceal carry permit. I looked at her and asked if she had a weapon in her possession at this time. She responded that she indeed had a .45 automatic in her glove box. Something … body language, or the way she said it … made me want to ask if she had any other firearms. She did admit to also having a 9mm Glock in her center console. Now I had to ask one more time if that was all. She responded once again that she did have just one more, a .38 special in her purse. I then asked her what she was so afraid of. She looked me right in the eye and said, "Not a damn thing!"