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$21 trillion national debt is the 'greatest threat domestically to the country' (msn.com)
submitted 26 days ago by voter
[–]magnora7 2 insightful - 1 funny2 insightful - 0 funny3 insightful - 0 funny3 insightful - 1 funny - 25 days ago (0 children)
It's the leash by which the bankers have enslaved this nation. The actual dollar amount is nearly irrelevant because there's always more debt than money, because we live in a debt-based financial system, where every dollar created immediately has $1.01 in debt associated with it.
All that matters is the federal reserve has the US government and economy by the balls. Ever since JP Morgan's Federal Reserve Act was passed on Christmas Eve 1913, we have been in this situation.
[–]voter[S] 1 insightful - 1 funny1 insightful - 0 funny2 insightful - 0 funny2 insightful - 1 funny - 25 days ago (0 children)
Maybe the debt will be paid off by illegal immigrants, technology, a zero percent
tax rate, or magic fairy dust, but the reality is that the US debt is increasing constantly, no one cares, and spending more money to reduce the debt will only lead to disaster.
Debt didn’t work out too well for Rome, Germany, Japan, Greece, or Zimbabwe.
Those who fail to learn from history are doomed to repeat it.