Spending Our Way to Oblivion
America is headed for an economic crisis worse than the Great Depression.
The average American has $4,000 worth of credit card debt. The United States national debt is over $17 trillion. The government’s solution to the crisis: keep spending money. This practice, known as deficit spending, has become the government’s new status quo. What happens when debtor nations realize the dollar has become worthless? America is about to suffer from a rude awakening as it continues its irresponsible spending habits. Once this crisis finishes America, who will be there to fill the void?
