In addition to being concerned about who will pay for the incredible debt that the administration is racking up, I am also concerned about what it will do to the value of the US dollar. I lived and worked in South America from 1973 through 1987 and have seen what devaluation of the local currencies can do. When I arrived in Brazil in 1973, they were issuing new banknotes that effectively stripped three zeros off of the previous bank note. The rate at that time was about 4 Cruzeiros to the Dollar. In 1994, the rate was 2750 Cruzeiros to the Dollar. This is what happens when a country spends more than it produces. Imagine how this can affect those of us on fixed incomes. Already countries around the world are starting to disconnect their local currencies from the US Dollar. Let's stop this foolishness while we can.
Clarence, I too worked in Brazil In 1979 - 1980 on the Angra dos Reis nuclear power plant near Rio (lovely country - beautiful women - sigh) and also experienced the hyper-inflation that you talked about. The only cure at the time was for the military to take control of the government and install a military dictatorship or the country would have been in complete chaos. I actually hope that there are intelligent military people plotting the same sort of seizure action for our government in the event that we see the present moronic elected government spiral further out of control and attempt to illegally implement unconstitutional limits on our freedoms.
I also worked for 2 years in what was the former Yugoslavia under the communist government right after the death of Boz Tito, and most recently in the socialist government of France. Ihave traveled throughout Europe and South America and I know first-hand about the horrors of communist government control and socialist utopian promises that are never realized.