This chart and a short description can be found on the CFR Webpage
This is astounding and will most likely be worse than expected.
"The Greatest Shortcoming of the Human Race is our Inability to Understand The Exponential Function"
Those are the words of Dr Albert A. Bartlett in a video where he simplifies it for the layman using The Rule of 70 . Here is a graphical representation of the exponential function:
Things are at the point of running away. We have no hope unless you think our government will suddenly decide to cut its size and budgets to a fraction of what they currently are. This will not happen. Politicians always grow government, no matter what they tell you on the campaign trail.
When a government goes in debt, it is not the body of government who will have to pay those bills. It is obvious, but important we realize we owe this money. It will be paid in 2 ways, taxes and inflation. Essentially they have sold our future labor and will force us to pay for it whether we agree with their policies or not. I don't think I am taking a leap when I call this "soft" slavery, although the IRS is not that soft.
"When a government goes in debt, it is not the body of government who will have to pay those bills." Yep, and if they fail, the taxpayers bail them out via taxes or inflation as a the tax to us. Look at the tire fire the post office is.
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