The US borrowed almost half its entire debt in just six years – somehow the system is still standing | Watch - msn.com
---------------------
Recommended reading: Martin Armstrong: America Is Borrowing $3 Billion a Day Just to Pay Interest - lewrockwell.com
More recommended reading:
- How the U.S. Went $40 Trillion in Debt - wsj.com
- John C. Eastman: The $40 Trillion Hole - americanmind.org
- Martin Armstrong: $40 Trillion in Debt and the Interest Bill Keeps Growing - lewrockwell.com
- The US is now buried in $40T of debt — but who’s buying the IOUs right now? Here’s the unsettling answer for everyday Americans - msn.com
- It Took 211 Years to Borrow $2.3 Trillion. Congress Just Did It in Twelve Months - lewrockwell.com
Quotes:
- "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."
