How does anyone have the legal right to pledge the lives of future generations to pay for our present day consumption ?
Just one part of the national debt, the one that is actually accounted for, went from 900 Billion in 1980 to 14,000 Billion today. That is an increase of 1500% and even when expressed as a share of GDP, it went up by 300%.
Where are the assets that were purchased with this money ?
Furthermore, this Dollar amount does not include the value of all the promises the government made. If any enterprise would try to keep accounts like the government does, its leaders would be rightfully thrown into prison.
Since 1980 the people of the United States have in the majority voted for a conservative platform, one that would call for prudent handling of the national finances and a reduction of debt. How did that apparent desire of the voters translate into this trainwreck ?
Is it any wonder that people do not even bother to vote ?
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