I'm by no means a financial genius, but I do have common sense. I can analyze financial information, and cut through the maize, if there is one. I took accounting in college, but it doesn't apply here.
Here's what we have in a nutshell. We have spenders; I'll leave out the adjectives. Here's proof; " And White House budget forecasters said they now project $9 trillion of additional federal debt over the next decade, adding $2 trillion to an earlier estimate."
We must
Get the money from taxes, or
Borrow the money, or
Print the money
This article is concerned mainly with borrowing, and printing money. China owns a chunk of our debt. They are concerned with the current administration, and have made it known. They are still buying our debt, but nothing says that they can't quit. They can buy someone else's debt. China does not like the practice of the US government printing money. They are being put in harm's way, and I am being put in harm's way; you are also. The Federal government is printing money electronically. Printing presses, paper, and ink are not needed.
I'm not going to go into great detail about the consequences of printing money. Printing money can lead to disaster as history has shown. It is not openly revealed as to how much "printing" is or has taken place. I have read a report from Harvard that states that $1 trillion was printed electronically in March 2009. All this talk about ruining our grandchildren may be a diversion. They don't want to talk about the disaster, which could be more immediate. Information about "printing money" has been hidden, by law.
Wiemar Republic...Germany. About 1923 they printed money. Marks deteriorated from 4.2 per US dollar to 1 million to US dollar.

submitted by WolfWolfman