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If the debt continues to grow at an unsustainable level, it could expose the country to a number of dangers. In the extreme, the risk rises that Washington’s lenders, many of whom are foreign, could suddenly lose confidence, demand higher interest rates, and trigger a fiscal crisis. Short of that, rising debt could gradually squeeze discretionary spending and deny the country tools it needs for security and economic stability. Reducing the debt will require politically difficult decisions to either curb entitlement spending, raise taxes or both.
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Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!
