Guess what?
- The national debt will soon exceed the size of the entire economy…
- For the fifth year in a row, the annual deficit was larger than the previous year…
- We just ran a record shattering $3.1 trillion annual deficit – nearly doubling the size of the previous record…
- Our leaders in DC are considering another $2 trillion deficit financed spending package.
- Both presidential candidates are running on platforms that would worsen the deficit by at least $5 trillion…
- Speaking of which, dealing with our debt problems was not brought up a single time in either presidential debate…
- And those problems are only set to get worse with over $100 trillion in unpaid for promises coming down the pike…
And to top it all off….nobody in Washington seems to care!
In fact, DC’s deficit dereliction is being cheered on by several prominent economists who have encouraged an indifferent attitude towards the massive accumulation of debt. They point to low interest rates as proof that the United States has more room to borrow. Some even say that deficits will never matter so long as the United States controls the global reserve currency.
They argue that, sure, the national debt is large and growing and, sure, we don’t have a plan in place to ever really lower it, but that’s ok, the low interest rates signal that everything is just fine. Quit worrying about it. We’ve even got room to borrow more!
In essence, we have transitioned from situational social smokers to pack-a-day addicts. And instead of attempting to quit, we are flaunting to our doctors that, sure, maybe we can’t quit, but that’s ok, we can still walk and breathe! Everything is just fine. Quit worrying about it.
The fact that we’re still alive means that we’ll never die. Our mere existence amidst this growingly destructive habit is proof that it can go on forever.
So today, we introduce to you…Pack-A-Day Sam – the U.S. icon that just can’t quit getting his constant hits of debt. He’s red, white, and in denial.
