Here is what Adam Hertz (Gregs son) had to say about this: The federal government is now over $18 trillion in debt with unfunded liabilities more than seven times that amount. This isnt about Democrats or Republicans, both parties are at fault. Politicians are too selfish and scared to make difficult decisions and be honest about our financial state. Theyre afraid of the backlash theyll face if they take away the corporate bailouts, stop the war machine, reform social security & Medicare, wind down the welfare state, or reform the tax code. Instead, they choose to kick the can down the road just to save their own political careers. Eventually, interest rates will rise and well be forced into massive austerity or face a worldwide financial crisis. We cant tax our way out of this. Its generational theft and its past time we stand up to the selfish, short-sighted, irresponsible generations that got us into this mess and tell them enough is enough! zerohedge/news/2014-12-02/5-complete-lies-about-americas-new-18-trillion-debt-level
Posted on: Sat, 06 Dec 2014 09:07:26 +0000
Trending Topics
Recently Viewed Topics
© 2015