[ExI] Free Trade

[spike at rainier66.com]

From: John Clark <johnkclark at gmail.com> 
Sent: Thursday, 16 October, 2025 3:49 AM
To: spike at rainier66.com
Cc: ExI chat list <extropy-chat at lists.extropy.org>
Subject: Re: [ExI] Free Trade

 

On Thu, Oct 16, 2025 at 6:28 AM <spike at rainier66.com <mailto:spike at rainier66.com> > wrote:

 

> But the outcome I am concerned about is if the Singularity doesn’t occur, the debt continues to accumulate, the accumulated federal government debt puts the fed in a position to where it does nothing but collect money to pay interest on what has already been borrowed.  That day is in plain sight now.

 

The economic apocalypse was "in plain sight" 20 years ago, about the time we first had this discussion, and it was also "in plain sight" 120 years ago when others had almost identical conversations. Do you see any reason why the matter is more urgent now than it was 20 years ago, or 120 years ago? I sure don't! John K Clark      

 

 

 

I do.  The portion of federal government revenue which goes to paying interest on what we have already borrowed has now surpassed military expenditures.  We should have always considered Social Security and Medicare as separately funded (regardless of the 1994 accounting tricks.)  If we do that, the federal government has three categories of spending: military, interest on debt, everything else combined.

 

The interest on debt is now bigger than the other two categories, and we are borrowing like crazy to pay back what was borrowed from Social Security long ago.  Pretty soon, the everything else combined category will be starved to nothing.

 

spike

 

 

 

 

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