{"id":37950,"date":"2018-09-18T18:50:49","date_gmt":"2018-09-18T23:50:49","guid":{"rendered":"http:\/\/olduvai.ca\/?p=37950"},"modified":"2018-09-18T18:50:49","modified_gmt":"2018-09-18T23:50:49","slug":"destroying-america-it-is-being-projected-that-the-u-s-national-debt-will-hit-99-trillion-dollars-by-2048","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=37950","title":{"rendered":"Destroying America: It Is Being Projected That The U.S. National Debt Will Hit 99 Trillion Dollars By 2048"},"content":{"rendered":"
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Destroying America: It Is Being Projected That The U.S. National Debt Will Hit 99 Trillion Dollars By 2048<\/a><\/h3>\n<\/header>\n
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\"\"<\/a>Temporary prosperity that is created by exploding levels of debt is not actually prosperity at all.\u00a0 At this moment, the U.S. government is 21.4 trillion dollars in debt, and we have been adding an average of more than a trillion dollars a year to that debt since 2009.\u00a0 And if we stay on the path that we are currently on, the trajectory of our debt will soon accelerate dramatically.\u00a0 In fact, as you will see below, the Congressional Budget Office is now projecting that the U.S. national debt will reach 99 trillion dollars by 2048 if nothing changes.\u00a0 Congressional Budget Office projections always tend to be overly optimistic, and so the reality will probably be much worse than that.\u00a0 Of course we will never actually see the day when our national debt reaches 99 trillion dollars.\u00a0 Our government (and our entire society along with it) will collapse long before we ever get to that point.\u00a0 In our endless greed, we are literally destroying America, and emergency action must be taken immediately if we are to survive.<\/p>\n

Debt always makes things seem better in the short-term, and it is always destructive in the long-term.<\/p>\n

When we go into debt as a nation, we are literally stealing from the bright future that our children and our grandchildren were supposed to have.\u00a0 Through the first 11 months of this fiscal year, the official U.S. budget deficit was $895,000,000,000<\/a>, which means that we continue to steal more than 100 million dollars from future generations of Americans every single hour of every single day.<\/p>\n

And it is important to remember that not all additions to the national debt are included in the official budget deficit.\u00a0 One year ago, our national debt was sitting at 20.1 trillion dollars, and that means that we have added an astounding 1.3 trillion dollars to the debt over the past 12 months.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Destroying America: It Is Being Projected That The U.S. National Debt Will Hit 99 Trillion Dollars By 2048 Temporary prosperity that is created by exploding levels of debt is not actually prosperity at all.\u00a0 At this moment, the U.S. government is 21.4 trillion dollars in debt, and we have been adding an average of more […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[4365,11540,2517,12900,10067,195,8444,18658,4106,21534,18659,14713,1782,15300,3461,14928,15304,15305,15306,6061,317,7196,14393,480,488,21219,20256,4901,549,21220,1469,16837,16838,8644,7452,8645,14726,16839,851],"class_list":["post-37950","post","type-post","status-publish","format-standard","hentry","category-economics","tag-borrowing","tag-borrowing-money","tag-cancer","tag-credit-card","tag-credit-card-debt","tag-debt","tag-debt-bubble","tag-debt-cancer","tag-debt-crisis","tag-debt-crisis-of-2018","tag-debt-levels","tag-debt-slaves","tag-debt-spiral","tag-debt-free","tag-debts","tag-drowning-in-debt","tag-economic-pain","tag-economic-problems","tag-endless-debt","tag-financial","tag-financial-system","tag-global-debt-crisis","tag-in-debt","tag-lending","tag-loans","tag-loans-in-u-s-dollars","tag-making-debt-payments","tag-michael-snyder","tag-national-debt","tag-servicing-loans","tag-stress","tag-stressed","tag-stressed-out","tag-the-dollar","tag-the-economic-collapse-blog","tag-the-u-s-dollar","tag-u-s-national-debt","tag-under-stress","tag-venezuela"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37950"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37950\/revisions"}],"predecessor-version":[{"id":37951,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37950\/revisions\/37951"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}