US Debt Rises Above $33 Trillion for the First Time, Soars by $1 Trillion in 3 Months - zerohedge.com\
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Debt Clock Nears $32 Trillion - usdebtclock.org
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I think it was former British Prime Minister, Margaret Thatcher who said: "The reason socialism doesn't work is that sooner or later you run out of other people's money."
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The following sermons are on Proverbs 22:7: "The rich ruleth over the poor, and the borrower is servant to the lender."
Recommended reading:
- Could the Whole Banking System Come Crashing Down? - lewrockwell.com
- If No Debt Ceiling Deal By Early June, Stocks Crash, The Economy Implodes, and Social Security Payments Don't Go Out - theeconomiccollapseblog.com
Flashback: Senator Boxer: 'Absolutely No Way We're Going to Cut Spending' - cnsnews.com
Note: The above article was published in 2014 when America's national debt was $17.8 trillion dollars. Today our national debt is somewhere around $31 trillion dollars.
- "You should view these politicians with the deepest contempt you can possibly imagine. What they are doing to this country, what they are doing to our finances - there is not a criminal in any federal prison, state prison, city or county jail with respect to financial crimes of any sort who collectively could have done the kind of damage that Barack Obama and Harry Reid and Nancy Pelosi and yes, willing, timid, gutless Republicans have done to this country! To your future, to your children and your grandchildren. What they are doing is with malice and with forethought." - Mark Levin (source)
- "If you knew that you could live in luxury for the rest of your life but that by doing so it would absolutely destroy the future of your children, your grandchildren, and your great-grandchildren, would you do it? Well, that is exactly what we are doing as a nation. Over the past several decades we have stolen $15 trillion dollars from future generations so that we could enjoy a dramatically inflated level of prosperity. Our 15 trillion dollar party has been a lot of fun, but what we have done to our children and our grandchildren has been beyond criminal. We ran up the greatest mountain of debt in the history of the planet and we are sticking them with the bill. Sadly, both political parties have been responsible for the big spending that has been going on." (The Economiccollapseblog.com)
- "A democracy cannot exist as a permanent form of government. It can only exist until the majority discover it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship and then a monarchy."
