America's Road Map To $40 Trillion National Debt By 2028 | WHAT REALLY HAPPENED

America's Road Map To $40 Trillion National Debt By 2028

Watch out! At this very moment, professional economists of all stripes are making plans on your behalf. They’re dreaming and scheming new and innovative ways to spend your money long before you’ve earned it.

While you’re busy at the gristmill, grinding away for clients and customers, claims are being laid upon your life. Your future earnings are being directed to boondoggles galore. Yet these claims are in addition to everything Washington’s already signed you up for.

The reality is the growth of federal debt has been out of control for decades. The solution that’s always repeated for reeling this back is that, somehow, the economy will grow its way out of it. This has yet to transpire despite a variety of policies over the years that have generally involved borrowing money from the future and spending it today.

The simple fact is you can’t grow your way out of debt when the debt’s increasing faster than gross domestic product (GDP). For example, in 2000 the federal debt was about $5.6 trillion and real U.S. GDP was about $12.5 trillion. Today the federal debt is over $22.8 trillion and real U.S. GDP is about $19.02 trillion.

Webmaster's Commentary: 

Sorry, but the way many of these "Econonozillas" think, just scares the stuffing right out of me, and has me wondering, very seriously, if they have ever had to balance a checking account.

Why, in the name of heaven, is it terrible for a person, or a family, to be in horrific debt, but it is perfectly acceptable for a government to do so, for these folks?!?

Sorry, but "Don't fret about the Debt" is yet more "magical thinking", which will ultimately assist in putting this country right down the economic commode, with one gigantic flush.

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