Heritage Foundation Op-Ed – Massive Debt to Drive U.S. Decline
Oct.31, 2009 in
economy
“Few things can march a great power down the road of decline faster than irresponsible economic policies — and huge debt is most often the drum leader of the pack.” - Kim R. Holmes, Ph.D.
Our national debt is at nearly $12 trillion. That means that every man, woman and child in the U.S. currently owes about $38,000 to pay off the government debt. And, in the next 10 years, it’s forecast that the national debt will increase by ANOTHER $9 trillion.
This isn’t a time for new entitlement program like nationalized healthcare.
To read Kim Holmes’ entire article:
Massive Debt to Drive U.S. Decline.
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