The
national debt will soon rise to $17 trillion with no end in sight.
By 2016 as Obama leaves office, the national debt will be $23 trillion.
By 2050 entitlement spending will consume the entire annual receipts
of the federal government, leaving nothing for discretionary spending.
Along the way, bit by bit, the federal government will falter, incapable
of meeting its commitments to seniors and the indigent. Dysfunctional
government will increasingly become non-functional government. The
weight of the federal government, now the greatest government parasite
in world history, will become so great that its private sector host
will collapse in fits and starts, incapable of shouldering the combined
tax and regulatory burden the federal government expects it to tolerate.
Will federal authorities become so prideful and arrogant that they
will follow the example of Cypress and confiscate private bank holdings?
Perhaps.
Read more: http://www.newswithviews.com/Emord/jonathan292.htm
Read more: http://www.newswithviews.com/Emord/jonathan292.htm
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