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Old 12-01-2003   #6
KRL
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Join Date: Nov 2003
Posts: 339
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For as long as I can remember the US Government has always borrowed into the future to finance its grotesque, wasteful and corrupt spending.

Our Treasury is run like a Ponzi scheme. It will keep on working as long as we stay in the top position in the world, which won't be a problem, since the US is the only major super power country in the world right now and an enormously wealthy country.

Our current debt is $6.49 Trillion. Our debt is currently increasing by $2.64 Billion every 24 hours.

However it should be noted the entire wealth of everything in the United States as currently estimated by the world bank is over $136 Trillion. So as a percentage of our wealth, our debt ratio is fine and the reason we're able to maintain the Ponzi financing game year after year.
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