The United States is on the brink of bankruptcy! Who between Trump and Harris can save America? The question is, can America still be saved? And how can it be saved?
The fiscal year of 2024 has just come to an end, and the fiscal deficit of the U.S. federal government over the past year is staggering, which may very well be the fundamental reason why the Democratic Party is going to lose the election. It is believed that Harris would also tremble at the numbers, has Biden squandered America?
Not long ago, a joke circulated in the United States: several states were severely affected by hurricanes, with many families left without homes. The Biden administration distributed $750 in disaster relief to each family to help them through the difficult times.
This is not a story, but a real event, and the truth behind it is that the U.S. government is out of money.
However, at the same time, the Biden administration also approved billions of dollars in military aid to Ukraine, and the military aid to Israel is an astronomical figure, but it is a secret and has not been disclosed.
How broke is the U.S. government? The data from the just-ended fiscal year of 2024 has lifted the lid, and the results are shocking.
Data released by the U.S. Treasury on Friday shows that in the fiscal year of 2024 (from October 1, 2023, to September 30, 2024), the fiscal deficit of the U.S. federal government reached a staggering $1.83 trillion, the third highest in history.
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Corresponding to the fiscal deficit, the interest cost of U.S. national debt increased by 29% to $1.1 trillion. This is the first time that the interest on federal debt has exceeded $1 trillion, a cost equivalent to 3.93% of the U.S. GDP, the highest proportion since 1996.
This is happening under the circumstances of the past year, when the Republican-controlled House of Representatives has been reluctant to pass the Biden administration's annual fiscal budget of as high as $7.3 trillion, only providing the Biden administration with a temporary budget allocation, struggling to get by.
If the Biden administration had spent money freely this year, would the fiscal deficit have exceeded $2 trillion, or even more?In 2021, when Biden first took office, the U.S. national debt was approximately $23 trillion. By July 30, 2024, this figure had already surpassed $35 trillion, increasing by a whopping $12 trillion in just over three years! While the Federal Reserve has been diligently raising interest rates and Americans have been tightening their belts, the Biden administration has been massively borrowing, which is another form of quantitative easing.
The Americans are playing this game, raising interest rates while simultaneously easing monetary policy, so it's no wonder that inflation is uncontrollable.
In fact, the U.S. dollar interest rate hikes have merely drained the funds of many ordinary families and small and medium-sized enterprises. The Biden administration's large-scale borrowing has funneled most of this money into the pockets of big capitalists, turning it into their wealth figures, with data suggesting over 80%.
So, where has Biden spent all this money? According to reports from the American media, the bulk of fiscal expenditures are primarily defense spending, social security, and medical insurance spending, as well as a series of industrial subsidy expenditures promoted by the Biden administration.
Most of these major expenditures either directly end up in the pockets of big capitalists or are earned by them.
However, the greater disaster is that the interest on federal debt has exceeded the combined spending on the U.S. defense budget and the Medicare program for the elderly.
It can be seen that over the years, the so-called economic prosperity under the Biden administration is nothing more than the federal government's massive borrowing and spending spree. Additionally, the military expenditures required to maintain the United States' global hegemony are also a colossal disaster.

Biden's successor, Harris, is still talking about America's global power and welfare policies for the middle class, which is clearly another debt-fueled story.Perhaps Trump's advocacy for a contraction to the American mainland, retreating to heal wounds, is a more pragmatic approach.
However, even if Trump takes office, will the big capitalists in the United States allow him to withdraw on a large scale from America's global interests?
Especially the Jewish financial groups, whose interests around the world are far greater than those within the country, it is highly unlikely that they would easily give up.
What if they don't give up? The internal struggle in the United States will only become more intense, and a civil war is not impossible.
From this, it can be seen that without solving the federal debt problem, the fiscal deficit of the U.S. government is getting higher and higher, and this model is becoming more and more unsustainable.
What should the United States do? Either go to war to rob money, or close the door and heal wounds honestly. However, Americans, of course, are not willing to give up global hegemony, and will only become more crazy.
In the next few years, the world may become more chaotic.