The last time the U.S. had a debt significantly larger than its GDP was WWII. In 1946 the Debt was 119% of GDP. Today with over 30 Trillion in debt, it’s about 150% of GDP – over $30 Trillion in debt with a stagnant GDP of about $20 Trillion – essentially flat and only slightly higher after the lock downs of the Scamdemic.
A yahoo article – “I think boomers can’t conceptualize this [struggle] because they never had to fight for jobs,” said Cat, a 21-year-old college student. She recently took to TikTok to explain why older workers might find it difficult to empathize with the economic struggles of younger people after a discussion with her mother about mismatched expectations. The video has been viewed 2.2 million times as of May 12.
BF response: When you vote for Marxist economic policies represented by the Obama/Biden Dem Party – you kill energy in the name of Climate Lies and then allow the Uniparty to spend tax dollars on wasteful projects and endless wars that add nothing to the economy but does destroy the middle class – creates 2 classes of very wealthy and serfs – massive deficit spending by these Marxists in Democrat/Rino clothing, which is the root cause of Inflation, but since the younger generations have been dumbed down and their heads filled with Marxist propaganda – they have become economic illiterates, unable to think for themselves – since they’ve been brainwashed what to think – not HOW to think…and have no clue that there is no such thing as a “third” gender – and God – not some greedy bureaucrat or stupid school administration has the power to determine whether you are male or female – and 1970s Carter’s Stagflation was essentially what Biden is giving us today – Inflation on top of a recession except with a debt that has far exceeded our GDP – only time this has happened was during WWII (can we expect WWIII to bail us out?). So, Cat and her generation are economic illiterates and ignorant of history and apparently incapable of thinking for themselves.