Can We Borrow Our Way Out Of This Debt?

Let’s face it, it’s tough to conceptualize the meaning of trillions of dollars of debt because the numbers are so big. There is an interesting visual representation of a trillion dollars here, that you should take a look at.  There is also a superb video below that reduces the debt and spending problem to an easily understandable human level.  Pay particular attention to the involvement of the child at the end of the video and ask yourself about the morality of using our children in this way.  [ Thanks to reader Kirsten Curtis for finding the video.]

If you would like another short explanation of the debt crisis, and our future, take a look at this:

In the midst of these insane and self-destructive levels of borrowing and spending, we have leaders who say that we do not have a spending problem or an entitlement problem.  In an interview that aired yesterday on ABC, Obama said, “we don’t have an immediate crisis in terms of debt. In fact, for the next ten years, it’s gonna be in a sustainable place“.   So it’s full speed ahead.  Patty Murray’s budget unveiled this week calls for huge increases in taxes and a 62% increase in spending over the next decade.  Party on!

People who call for more borrowing and spending are called the moderate and reasonable people by the mainstream press.  People who fear the destruction of this unsustainable course, the Tea Party types, are called extremist kooks.

You decide.

Forward

One thought on “Can We Borrow Our Way Out Of This Debt?

  1. I already know this and it is still shocking. I think the collective masses believe that the mainstream press would be sounding the alarm if there was something to worry about. CNN talks about gun control. NBC talks about who now supports Gay marriage. CBS talks about gun control. Those alarmist conspiracy nuts at Fox sometimes talk about the debt – but only because they are racists.

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