5 Reasons To Be Concerned That The Federal Government Will Borrow $990 Billion This Year | WHAT REALLY HAPPENED


5 Reasons To Be Concerned That The Federal Government Will Borrow $990 Billion This Year

Authored by Mac Slavo via SHTFplan.com

No one seems to care that a government already over $22 trillion in debt is on schedule to borrow another $990 million this year. All of this is occurring as individual Americans further enslave themselves with higher debt loads and retail stores fail over the inability to pay back the money they borrowed. But there are many reasons to be concerned about government spending.

The debt-based system we live under won’t sustain itself forever. Don’t get us wrong, the sociopaths in government and at the Federal Reserve (central bankers) will prop it up for as long as possible, but it is doomed to fail. That $22 trillion doesn’t include unfunded liabilities either, making the situation even uglier.

According to ABC News, The Treasury Department on Monday projected that borrowing in the April-June quarter would total $30 billion. Borrowing in the July-September period, the final quarter of the budget year will total $160 billion. The $990 billion borrowing total for the 2019 budget year would be down from $1.2 trillion borrowed in 2018. But both years are up from 2017’s $519 billion in government borrowing.

The Foundation for Economic Freedom (FEE) reported that the deficits are likely to double within ten years, making this an issue that could impoverish everyone. There are 5 reasons why the national debt is a big problem and why everyone should be worried about it.

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