For a long time I have been concerned about the unconscionable growth to the Federal deficit. The idea that we are spending money we don’t have. And what’s worse, so much is for things we don’t want or need.
I was worried that it would hurt our children and grandchildren. Just as a junkie gives up all of his future, his family, his children and his life, we have become addicted to the “free money” of Federal deficits.
After reading Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown by Wiedemer, Wiedemer and Spitzer, I am still concerned, but not so much about how we are ever going to pay back the debt.
We are not going to pay it back.
It is impossible to pay back, and we are just going to “party until we can party no more” when with the last ride of the roller-coaster careens off the track into oblivion.
The US Treasury will have reached its credit limit. The debt will be erased; either by inflation perhaps or by worse.
So “eat, drink, and be merry” — it’s all free!