For years our politicians have told us that "deficits don't matter", but the truth is that they do matter. The national debt of the United States is now the biggest debt in the history of the world by far, and yet most Americans do not seem to grasp the absolute financial horror that we are facing as a nation.But, before we get to the hugely controversial task of staving off national disaster, let's obsessively focus time and energy on (1) giving amnesty to illegals so they can go to school and compete for jobs with unemployed Americans, (2) forcing the integration of open homosexuals in the military, and (3) bringing back levels of estate double taxation distinguishable from convenience store stickups only in the amount of the swag.
. . . [E]ventually [debt] catches up with you. . . .
* * * *
But over the past couple of decades, the big global corporations that now dominate our economy have shipped thousands of factories and millions of jobs overseas.
The mighty economic machine which is supposed to provide funds to pay off all of this debt is being dismantled right in front of our eyes.
. . . The sad truth is that U.S. government debt is approximately 13 times larger than it was just 30 years ago.
"10 Signs That Confidence In U.S. Treasuries Is Dying And That Financial Armageddon May Be Approaching." The Economic Collapse, c. 12/15/10 (emphasis added).
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