Bankruptcy -- America and Pre-Revolution France - Republican and Royal Folly

First — America — tax reduce the rich — Republican Ronald Reagan and his tax cuts that shot the national debt to the first $ 1 Trillion

First — France — King Charles VII — formalized the tax exemption for the nobles

Second — America — fights wars it doesn’t win or claim to pay for - Afghanistan and Iraq —Republican George Bush did not formally put the wars ‘on the books’, effectively treating them as if they had no ‘cost’ …George Bush lost the Afghanistan War when he started the Iraq War

Second — French and Indian War — King Louis XV tried to tax the nobles for this war, but they used loopholes not to pay

Third — American Ballrooms — As America is floundering financially, Republican Donald Trump builds a ballroom to celebrate… …collapse

Third — French Palace of Versailles — King Louis XIV starts the world off in palace construction and indebts the nation such that it cannot recover

Fourth — America starts a war it cannot afford (Iran War) — President Donald Trump used up your stockpile of missiles and started a war he didn’t understand, couldn’t end, didn’t have an “end strategy” for, and ignored the intelligence about (just like how President George Bush ignored intelligence before 9/11)

Fourth — France King Lous XIV entered a war it couldn’t afford when it was already low on cash and high on debt …the women went to Versailles… …and a revolution began

Don’t let the Republicans blame the Democrats — the Democrats were the last to run a surplus, had the US on a path to pay all of the debt off, and put mechanisms in their bills to pay off their spending — Obama’s TARP spent much less than planned and effectively recovered all of its spending, Obama’s American Care Act paid for itself, and Biden’s Inflation Reduction Act was designed to pay for itself

Republicans are responsible for nearly 100% of the last 30 Trillion debt, with Trump entering office with the national debt at $20 Trillion… …now it is at $ 40 Trillion and rising at a rate which cannot be sustained

…Bush ignored his intel and allowed 9/11 — Bush tax cuts, Afghanistan War (he lost), Iraq War (he lost), Medicare Part D, Bush tax cuts 2, Bush ushering in the economic collapse of 2007/8, Trump tax cuts, Trump ignoring COVID at the start, Trump tax cuts 2, Iran War .ALL ON BORROWED MONEY