Former Pennsylvania Governor Ed Rendell has penned an op-ed which presents some eye-opening statistics as to just how bad our national debt really is. By next year, the cost of servicing the national debt (paying interest on it), will exceed the cost of Medicare. By 2025, it will exceed the cost of our military spending, making it the most expensive item in our entire national budget!
Quite simply… we have arrived at this point by spending infinitely more than we collect in tax revenue, mainly on things that have no mention in the Constitution as being a function of the federal government.
Once the global debt bomb explodes, there won’t be much left for anyone. Governments will fall, individuals will be impoverished, and businesses will implode. The elitists in power have tried to keep everyone in the dark, but maybe there’s an answer to this devastation.