The financial health of the U.S. is still precarious.
One cannot borrow one’s way out of debt, one only sinks further in debt.
If the United States, as far as its so-called leaders are concerned, thinks that it will continue to pile on debt by whatever machinations and chicanery, and thinks that the U.S. will continue….dream on!
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I am anchor
Vote no
Posted
David Adler
The financial health of the U.S. is still precarious.
One cannot borrow one’s way out of debt, one only sinks further in debt.
If the United States, as far as its so-called leaders are concerned, thinks that it will continue to pile on debt by whatever machinations and chicanery, and thinks that the U.S. will continue….dream on!
A mere 30 years ago, the U.S. was a net creditor nation. Today we are net debtor nation to an admitted tune of $16 trillion and growing.
Flash back to Germany 1925; the Weimar Republic, a fledgling democracy, which was crushed into bankruptcy by a mere $39 billion reparations debt.
In comparison to the U.S. sovereign debt of today, $16 trillion, the U.S. is staggering under a weight at least 500 times the amount that crushed that 1925 Germany. That bankruptcy was a major factor in the rise of Hitler.
Be careful what you vote for!
Vote no on the town’s $8.2 million bond issue on Nov. 5, 2013.
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