How Long Before The U.S. Goes Bankrupt?
What would happen if the United States went bankrupt? Has anybody ever thought about that? What would be the consequences of the United States going bankrupt? Are we headed in that direction?
U.S. Debt Poised To Hit The $22 Trillion Mark As “Storm Clouds” Indicate “We Could Have Another Financial Crisis”
"The rapidly exploding U.S. national debt is about to cross another critical threshold. According to the U.S. Treasury, the debt of the federal government is currently sitting at $21,854,296,172,540.94, and at our current pace we will likely hit the $22 trillion mark next month. This is a horrifying national crisis, and yet nothing is being done about it. When Barack Obama entered the White House in January 2008, the U.S. was $10.6 trillion in debt, and so that means that we have added 11.2 trillion dollars of new debt to that total in less than 11 years. Needless to say, it doesn’t take a math genius to figure out that we have been adding an average of more than a trillion dollars a year to the national debt for more than a decade. But instead of getting our insatiable appetite for debt under control, Congress is actually accelerating our spending. At this point, there is no possible scenario in which this story ends well." READ MORE
This in my opinion is even bigger, debt Worldwide Hits Record $184 Trillion, or $86,000 Per Person. So what does that mean? The debt just keeps climbing.So let me ask you, how do you think this story ends?
Our country is bankrupt and generations will be burdened by the debt even if we fix it right now.
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Common sense talk, news, politics, current events and personal development. In the age of continual constitutional crisis, fake news and partisan politics this show offers a refreshing common sense perspective. Regarded by many as one of the best podcasts by American talk show host, Christopher Scott.