National Debt, Inflation, and the Federal Reserve

"It is natural to man to indulge in the illusions of hope. We are apt to shut our eyes against a painful truth -- and listen to the song of that syren, till she transforms us into beasts." --Patrick Henry

We are mortgaging our future and our children’s future. The last 20 years have been a party for the American economy and the party is over. The federal debt is now just above $13 trillion dollars. The most immediate problem is that we are spending huge amounts of money just paying the interest on this debt. In 2008, we spent $253 billion on interest alone — that’s six times what we spend on the Department of Education, or thirteen times more than NASA.

What does this mean to you?
• Every American worker’s share of the national debt is more than $118,708.
• Unemployment increases. We are seeing 20%+ unemployment in many parts of the country.
• Our savings becomes worthless every time the government prints more money.
• We repeat the sins of Zimbabwe, Argentina, and Greece who continue to struggle.
• Basic poverty for most Americans depending on tax payer dollars for everyday necessities.

It's time we become proactive about this fiscal irresponsibility and take real, meaningful action to stop it. We need strong leadership who will truly reform the welfare system, audit the Federal Reserve creating transparency, and reduce the regulatory and tax burden on the American people.