One day this week, according to all reliable financial sources, the United States of America’s debt burden reaches the $16 trillion mark, or as close to it as makes no difference.
The richest nation the world has ever known has now become the greatest debtor the world has ever known.
And the problem which began to get seriously out of control under the Bush Presidency is still spiraling out of control under Obama’s regime.
To add a little perspective to the huge numbers, it took the United States government more than two hundred years to accumulate its first trillion dollars of debt, BUT it took only two hundred and eighty-six days for the most recent trillion dollars of debt to be added. And that was under the “Yes We Can” and “Change” administration.
So what has changed?
Yes we can what?
Borrow and borrow and borrow again?
Let the horrific bankster’s mess run on for a few more decades?
Dream up more and more new government programs that we cannot afford?
Leave future generations in so much debt that they will never and can never get out from under it, (because there won’t be enough money to pay the interest on the debt let alone repay it)?
Continue to stick our heads in the sand while other nations kick our ass?
As I write this I can hear the Fed’s printing presses clunking away producing more new dollars out of thin air, which they will distribute through the banks – who will keep most of the money instead of releasing it to individuals and businesses to stimulate the economy and create employment.
Sadly, not only is the nation bankrupt, but the politicians who govern it are too – bankrupt of good ideas, intelligence and common sense. Their mentality is, ‘if something isn’t working, don’t change it, just do more of it’. (Aaaarrrrrrggggghhhhhhh!!!)
Their ultimate solution will be, as it inevitably always is – more taxes and more control! Just wait for those shoes to drop.
In the US, Hawaii and Florida are the only states that grow bananas. I suggest that they start looking for ways to up production because that is the type of republic the politicians seem hell bent turning us into!