The deficit chart is screaming at us, but we continue to ignore it. In a few years, the U.S. government will be unable to do anything except manage some programs for the elderly, provide for the common defense, and pay interest on the debt. And in the years ahead, even defense will be crowded out until we are unable to defend our country. It is hard to be a free people when we are enslaving ourselves to debt.
Consciously or sub-consciously most people are aware of the looming issue with the national debt and its inevitable impact. The scale of that debt is what is driving people towards the gloomy view that for the first time the economic welfare of their children will decline rather than improve from their own. Add to that a growing distrust for whatever the government 'experts' proclaims the data to say. The result is that no matter what the economic reporting claims, most people do not feel this to be a robust, growing and thriving economy. Perhaps a last gasp but nothing sustainable or healthy to rely upon.
The deficit chart is screaming at us, but we continue to ignore it. In a few years, the U.S. government will be unable to do anything except manage some programs for the elderly, provide for the common defense, and pay interest on the debt. And in the years ahead, even defense will be crowded out until we are unable to defend our country. It is hard to be a free people when we are enslaving ourselves to debt.
Consciously or sub-consciously most people are aware of the looming issue with the national debt and its inevitable impact. The scale of that debt is what is driving people towards the gloomy view that for the first time the economic welfare of their children will decline rather than improve from their own. Add to that a growing distrust for whatever the government 'experts' proclaims the data to say. The result is that no matter what the economic reporting claims, most people do not feel this to be a robust, growing and thriving economy. Perhaps a last gasp but nothing sustainable or healthy to rely upon.