When US will get all the bills for sweet life during their "golden age",...
...borrowing, printing, and spending like there is no tomorrow..
The result: 34 trillion national debt + 15 trillion private debt. I am not even including corporate debt.
Those 51 trillion divided by 35 million wealth-producing taxpayers equals $1,500,000 in debt per wealth-producing person.
DoD - 1 trillion (China 250B, Russia 80B)
Interest on national debt - 1 trillion and compounding...
US tax receipts - 3.5 trillion (Social Security as a separate pay-as-you-go account is not included)
Left to run the country on - 1.5 trillion. Sure...in your dreams, azholes...
Annual deficit - 1.5 trillion Forever and growing...
That's the American prosperity...a balloon filled with a funny gas...The question: When will it pop?