Monday, December 21, 2009

Out-Of-Control Federal Debt Will Destroy A Nation.

It would be much more realistic to briefly mention in the video the 2070 estimates of the Congressional Budget Office and then speak about a few of the unrealistic assumptions used. I am sure one assumption is the existence of the dollar as a currency of value in the year 2070. This is a complete farce!

Once that absurdity is addressed then the detrimental consequences of a national debt out-of-control can be further discussed as an example of what causes a nation to fall apart.

This is then a good transition into the discussion about whether federal debt is ever a good thing. Since humans are subjective it is practically impossible to have an instance where everyone is in agreement about any one endeavor. Of course I am presuming that human civilization advances and eliminates the outworn institutions that cause wars.

Therefore no government at the federal level has any economic role and so the question of federal debt becomes moot.

For more information go to my website.

To earn a Masters Degree in Divine Economy Theory go here.

Go here to read about MACRO & MICRO Economics Renewed.

No comments:

Post a Comment