Are we USAians just fooling ourselves as to how well off we are? Take a look at reality:
(1) Largest national debt in the history of humanity
(2) Gigantic national deficit, which is only slightly smaller than past record deficits run up by the Bush administration.
(3) Largest trade deficit
(4) Largest amount of personal debt
As a nation, we are financing outselves with debt, debt and more debt, running up ever-larger charges on our national "credit card." Someday, our financial house of cards will come crashing down.
(1) Largest national debt in the history of humanity
(2) Gigantic national deficit, which is only slightly smaller than past record deficits run up by the Bush administration.
(3) Largest trade deficit
(4) Largest amount of personal debt
As a nation, we are financing outselves with debt, debt and more debt, running up ever-larger charges on our national "credit card." Someday, our financial house of cards will come crashing down.
Comment