National Debt

Published on January 2017 | Categories: Documents | Downloads: 40 | Comments: 0 | Views: 198
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Now THIS is SCARY!
Our national debt is more than $13 trillion. That is how much the United States has borrowed, and how much we have to pay interest on. To put $13 trillion in perspective, our national debt is larger than the total economies of China, the United Kingdom, and Australia combined. If the debt keeps growing, eventually we just won’t have enough money to pay the interest. There are two options at that point: default or inflation. Not only would defaulting destroy our credit rating, but everyone who has invested in Treasury bonds would lose everyone their savings. Thousands of pension funds would fail, and tens of millions would lose their retirements. In a worst-case scenario, the alternative to defaulting on our loans is to borrow more money from th Federal case the Reserve. But if the Fed starts printing trillions of dollars, that will dramatically lower the value of the money already in the economy. Once a cycle of government caused inflation is started, it is very difficult to stop. And as government-caused we have learned from Argentina, Zimbabwe, Hungary, and Weimar Germany, the end economic and societal results of hyper-inflation are never good. inflation Visit DefeatTheDebt.com for more information and ideas about how to best address this non non-partisan issue that will affect not only you but your children and your grandchildren’s generations. nly

Now THIS is SCARY!
Our national debt is more than $13 trillion. That is how much the United States has borrowed, and how much we have to pay interest on. To put $13 trillion in perspective, our national debt is larger than the total economies of China, the United Kingdom, and Australia combined. If the debt keeps growing, eventually we just won’t have enough money to pay the interest. There are two options at that point: default or inflation. Not only would defaulting destroy our credit rating, but everyone who has invested in Treasury bonds would lose their savings. Thousands of pension funds would fail, and tens of millions would lose their retirements. In a worst-case scenario, the alternative to defaulting on our loans is to borrow more money from the Federal tive Reserve. But if the Fed starts printing trillions of dollars, that will dramatically lower the value of the money already in the economy. Once a cycle of government government-caused inflation is started, it is very difficult to stop. And as s we have learned from Argentina, Zimbabwe, Hungary, and Weimar Germany, the end economic and societal results of hyper-inflation are never good. inflation Visit DefeatTheDebt.com for more information and ideas about how to best address this non non-partisan issue that will affect not only you but your children and your grandchildren’s generations.

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