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Last login: Saturday, October 12, 2013
The U.S. national debt now exceeds its GDP. Historically, it is rare for a country to survive this dangerous condition. It requires a commitment to fiscal responsibility that most current members of Congress do not have.
It's possible that those promoting fiscal sanity, referred to here as the "anti-government" faction, will prevail. A more likely scenario is that he socialists will prevail, the dollar will be destroyed by hyperinflation, and the economy will continue its current slide and eventually collapse altogether.
The lessons are not that hard to understand. You cannot continue indefinitely to spend money that you do not have. You cannot increase taxes beyond a certain point without discouraging the producers from working. You cannot sustain a global empire and welfare state with more than half of the population on the dole. It will collapse.
For America to survive, we need a rebirth of liberty. And we need to boot out the rest of the socialists from Congress!
October 12, 2013 at 2:40 p.m.
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