The Crush of Debt

Sell-investments-to-pay-debt
It is hard to imagine the "largeness" of the number…over three trillion dollars in national debt.  What is astounding to me is how "we the people" encourage each other to stay out of debt or to know how growing debt can crush our personal finances but that we allow the government to take on incomprehensible amounts of debt to save our consumeristic butts.  The longer this economic issue continues the more I am feeling in my gut that life as we have known it will never be the same.  Yes, the government is telling us that the US citizen will have a cut in taxes that might be adding a small amount to the average person's bottom line…but as taxes supposedly get cut, we are taking on a debt year by year that is going to be unserviceable.  I cannot imagine a way that the debt will ever be paid back…it will keep increasing and increasing as our government makes more and more promises about covering all of our collective needs for the future.  Sooner or later, something is going to happen…the US will be attacked…the people/countries that are buying bonds will say "no mas"…or a world wide crises will cause the proverbial house of cards to fold.  All I know is what I can do…I am going to stay out of debt the best I can…debt is evil…sooner or later it camps itself on the doorstep of your life and makes demands of you that you cannot answer.  Debt will crush us sooner or later…to say that a potential increase in revenues in the future will overset today's debt is irresponsible, dangerous, and infantile.  It is the same as saying, "yep, I'm going to run up my credit cards because I'm going to get a raise next year".  You know how that can turn out.  The US government is rolling the dice…unfortunately for many of us, the dice aren't going to be our savior.  This gamble is bound NOT to pay off.  More to come…

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