The post-2020 fiscal outlook is downright apocalyptic, for two reasons. First, the aging of the U.S. population will drive sharp increases in health care costs (and at the same time, more Americans will be retired). Second, federal interest expense will rise exponentially, as the Treasury's borrowing costs grow with the debt.
CITIGROUP NY 370(loans) $2,427,866 $110,350 $2,020,219 $297,297 these amounts are in millions so add a few more zeros on them. Normal businesses would have failed and then the assets sold to the highest bidder renewing the business cycle. But no, in bizarro world these banks lost big time and then the taxpayers are covering the bad debts.
Our economy will burn up and fail if the fraud is not brought out and prosecuted.
“If ye love wealth better than liberty, the tranquillity of servitude than the animating contest of freedom, — go from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains sit lightly upon you, and may posterity forget that ye were our countrymen!” -Sam Adams