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Originally posted by Realtruth
Due mostly to the war on terror. It was 5.6 trillion when Bush took office now almost $9 trillion.
Basically we are broke and going further into debt.
Why are we fighting this war that is financially putting us into the abyss?
I wish I could spend money I don't have then keep raising the limit so it puts everyone in the USA into about $30,000 worth of debt per person.
Maybe the USA needs to file for bankruptcy, because we sure can't pay off this debt with almost no production and industry here in the USA.
A wealthly nation is when a nation produces something from the ground to it's end product and most of that is done in China these days.
We are just washing each others backs and exchange money no real wealth is being produce anymore in the USA. And slowly the US government takes a lbit of that money for high taxes based on a booming economy until its all gone and most people have nothing left.
if this is being done purposely then it is an act of treason or maybe even economic terrorism.