Can We Survive This?

Debt, Insolvency Tagged with: Business, Deficit, Economic, Finance, Financial Services, Government, Government debt, Public Debt

Nov 202009

A visual presentation of the national debt and other key variables. Do not watch while eating or if pregnant.

The spirit of the following cartoon is correct but it is out-of-date regarding the number which is now above $12 Trillion. See the visual presentation to see the rest of the mess.

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The State acquires power... and because of its insatiable lust for power it is incapable of giving up any of it. The State never abdicates. Frank Chodorov
One should respect public opinion in so far as is necessary to avoid starvation and to keep out of prison, but anything that goes beyond this is voluntary submission to an unnecessary tyranny. Bertrand Russell
The evil implanted in man by nature spreads so imperceptibly, when the habit of wrong-doing is unchecked, that he himself can set no limit to his shamelessness. Cicero
The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline. Milton Friedman
One of the consequences of such notions as "entitlements" is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence. Thomas Sowell
... the ruling parties will be finished as soon as the American people rediscover and awaken their dormant Constitution. Joseph Sobran

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