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There is an increasing probability that is will mean the end of the country itself. At the end of the Carter Administration we hit a trillion dollar budget. Eight years later we managed to reach a trillion dollar debt. This year, we gave billionaires and private companies a trillion dollars for the first time.

If we took 100% of all income made by America's fortune 100 companies, we could not pay the debt in 150 years. If the country took everyone's savings in every bank, we could not pay the debt this year.

The family of four today owes $1.2 million dollars in terms of debt. In the year 2020, with no additional spending, we will be paying $667 billion in debt service. This is roughly the cost to twenty Iraq wars at the same time.

If our country goes bankrupt, we still owe this money. Doing the math, this is a big problem. The biggest portion of this problem is that neither political party is even willing to look at the problem. We are even talking about adding another trillion to these already wild numbers. Doing this math, are we in trouble?

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16y ago

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