Within one month, they posted a 47% overshoot on the largest budget in world history. This means the US government itself has no financial controls. They have no idea what they're spending or earning. So when they hit the wall, it will come suddenly. Act accordingly.
Within one month, they posted a 47% overshoot on the largest budget in world history. This means the US government itself has no financial controls. They have no idea what they're spending or earning. So when they hit the wall, it will come suddenly. Act accordingly.
The US military cannot pass an audit. It's lost track of trillions in assets. It doesn't know what it's spending or what it's doing. Partly because no one can hold it accountable. Now extend that to the US government as a whole.
@balajis Government do not run or operates like companies that need to show their accounting and audits to the regulators. That is why government can keep having a deficit and will still survive, a company cant run on deficit, it will collapse before the year runs out
@balajis I'm guessing, but it seems that the largest economy in the world probably has quite a lot of buffer before that happens
@balajis Plane is accelerating 1000 mph into the ground… 2024 is now fast forwarded to 2031.
@balajis The lights are on but no one's home. Now think about it. This is supposed to be the greatest nation on earth. How bad is it in other countries?