How Bad Is This Debt Crisis

You may be tired of hearing about the debt crisis; but I am increasingly scared to death about it. Right now, every family in America owes $139,000 to pay off the debt of our national government. We are going into debt at a rate of $6 billion every day; that is $4 million every hour. All that money is borrowed. For every dollar of revenue the federal government takes in, it spends $2.06. How long can that go on??!!

46% of our national debt is owned by foreigners; and the largest share is owned by China; the second largest owner is Japan. It is reported in the Wall Street Journal that China is quietly decreasing its intake of U.S. treasury bonds. That’s understandable; they can see that our nation will soon be unable to pay the interest on those bonds. Of course, a lot of the ownership of treasuries is with the Federal Reserve Board, which only has to print money in order to buy the “securities.” 

I would like to see any Democrat who reads this post respond by telling me how this can go on forever. Just how can we continue spending much, much, more than we take in and produce?