The American dream in crisis: A nation held hostage to debt
I often ask myself whether we are doing enough to be good stewards for America’s future. How will future generations be impacted by the actions that our nation’s leaders and its citizens are taking today? The Congressional Budget Office (CBO) report on the Budget and Economic Outlook for 2018 makes it clear that we are not doing enough. In fact, we are failing. We are leaving our children and grandchildren a financial burden that may soon become untenable. The CBO’s glimpse o
It Can Happen Here
It has happened before. Massive government debt leading to hyper-inflation of a nation's currency. Two examples are the Weimar Republic of Germany and modern-day Zimbabwe. In Germany's post World War I Weimar Republic, Germany was saddled with large debt payments as a result of the Victorious allies making it pay for the cost of war. (See Photo Above - A German Citizen pushes a wheelbarrow of currency to purchase goods) Thus Germany printed huge amounts of currency, and this
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