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Good thread here, we all are guilty of causing this. As one person mentioned people wanted something for nothing. This goes all the way back to FDR and his programs which we are never going to be able to pay for.
It goes back to us not listening to Alexander Hamilton, who did not want us to have a national bank. What happened in 1913?, the federal reserve bank was created. Which as
you all know is a private bank.
We have 53 trillion dollars of unfunded mandates, SSI, Medicare and so on. Wait until all
of this comes due. Our currency is not backed by gold, thanks to the federal reserve act.
We are in big trouble and I don't see anyway out of this.
We can't print more money, which in turn devalues our dollar.
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