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[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (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 fun1 insightful - 0 fun2 insightful - 1 fun -  (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.