How do you feel knowing that YOU, PERSONALLY owe $184,000 that the fed govt spent on stuff (that probably wasn’t for YOU)
This is our share of the official $11 trillion, 80% of the GDP, or so the govt spends 80% of everything produced each year but manages to NOT PAY FOR IT AND PUT IT ON CREDIT instead
or if you count promised liabilities such as social security and medicare, $54 trillion
http://news.yahoo.com/s/ap/20090703/ap_on_go_ot/us_mountain_of_debt;_ylt=ArUqw6uVJDCUQNSgOY_D0sMUewgF;_ylu=X3oDMTMzbGNxdnZxBGFzc2V0Ay9hcC8yMDA5MDcwMy9hcF9vbl9nb19vdC91c19tb3VudGFpbl9vZl9kZWJ0BGNwb3MDNgRwb3MDNgRzZWMDeW5fdG9wX3N0b3JpZXMEc2xrA21vdW50YWlub2ZkZQ–
Similar theme, the daily reckoning site produced video IOUSA about same subject
(short 30 min version on youtube)
Are we going to see the weimar republic again with hyperinflation?
Will everyone have to resort to barter?
