Debt, Debt, Debt – 15 Facts About U.S. Government Finances That Are Almost Too Crazy To Believe
If your family started spending nearly twice as much as it brought in every single year, how long do you think it would be before your family was completely and totally broke? Well, that is essentially what the federal government is doing. The U.S. government is so deep in debt at this point that it is hard to even try to describe it. Where do you even begin? Trying to put the vastness of U.S. government debt into words is kind of like trying to describe a great work of art by Michelangelo to a blind person. This year the U.S. government is going to go 1.645 trillion more dollars into debt. How can one possibly accurately convey just how large that amount of money really is? If you went out today and started spending one dollar every single second, it would take you over 31,000 years to spend one trillion dollars. Who can even comprehend such an amount? The U.S. government has mismanaged our finances so badly that it is hard to believe. We have sold our children and our grandchildren into perpetual debt slavery and not that many people really seem very upset about it. It is as if most of the nation is in a massive state of denial.
Read over the 15 statistics below and really try to absorb them. It is imperative that we all try to understand how deep a hole we are in. This is the legacy of the Federal Reserve system. You see, people are not upset about the Federal Reserve just because they needed a new hobby. The truth is that the Federal Reserve system has transformed the wealthiest, most prosperous people on the planet into a horde of debt slaves. The American people are now saddled with the biggest debt in the history of the world, and the really sad thing is that it never had to turn out this way.
But this is the end result of turning control of our currency and of our financial system over to the international bankers. Once we did that, it was only a matter of time until the U.S. government was drowning in debt.
Thomas Jefferson desperately tried to warn us about central banks. He believed that for the government to borrow money in one generation which must be paid back by future generations is equivalent to stealing….