On September 30th, 2013 the U.S. national debt was sitting at $16,738,183,526,697.32. As I write this, the U.S. national debt is sitting at $17,742,108,970,073.37. That means that the U.S. national debt has actually grown by more than a trillion dollars in less than 12 months. We continue to wildly run up debt as if there is no tomorrow, and by doing so we are destroying the future of this nation.
This is the greatest government debt bubble in the history of the world, but very few people seem to have any desire to do anything about this anymore. We are literally gorging on debt.
When it comes to running up debt, a day of reckoning always comes eventually.
Just ask Greece.
The big question is how long our “bubble economy” can keep going before it finally collapses.
Someday this bubble is going to burst and then all hell will break loose.
Several signs have emerged recently that we are in fact starting to hit the wall now…