Wednesday, February 10, 2016

The debt monster

One of the biggest problems we have in our nation today is the amount of debt we have accumulated. The amount of debt that we have in our nation is staggering. If you add up what the federal government owes, what the state and local government owe, what corporations and businesses owe, and what individual and families owe, the amount is so immense it blows the mind. It is in the many trillions of dollars. I would actually do the math for you, but it's so large that doesn't really matter. In fact, I think it's so large that I doubt it will ever get paid back. So what is the implication? The implication is that essentially we are technically bankrupt. In other words, we are broke as a nation, and as a people. The other conclusion I come to is that the next few years are going to be difficult to say the least. This debt monster that has been created will wreck havoc and it is going to be ugly.

What do you think?