Politicians who exist to spend. If the money's there, they'll spend it. What ultimately powers spending and borrowing is the wealth of the citizenry that sadly gifts politicians with surging revenue streams that enable endless spending and borrowing. Rich countries can borrow, and they do. The fix is constitutionally limited government. Always.
The total US debt just topped $19 trillion with a T.
The post As of February, Total US Debt Now at $19,012,827,698,417 appeared first on The Anti-Media.
The Two Largest Holders of US Treasury Debt: The Federal Reserve & the Social Security Trust Fund
The year 2014 could be shaping up as the year that the chickens come home to roost.
Americans, even well-informed ones, don’t know all of the mistakes made by neoconized and corrupted Washington in the past two decades. However, enough is known to see that the US has lost economic and political power, and that the loss is irreversible.
