As the U.S. piles debt on future generations, it makes you sick to think about what kind of future implications that this may have. The U.S. national debt has climbed past the $10 trillion mark and will be climbing higher and higher. No one can stop it now, not even our new Irish president.
With the latest beggars heading to Washington in search of a payday, Congress to continue to chuck money without looking where it’s going. Otherwise the auto industry may collapse. There’s no sense in being too cynical and sarcastic about U.S. car companies – but perhaps if they had a bit more foresight and put money in researching alternative fuel/energy sources this kind of a thing wouldn’t happen.
It’s hard to know the impact that this money will have on future Americans and how it may influence taxation. Once again, how do people expect things to get done? Simply borrow it from the tax payers? Or China? Hard to stomach a government working in a capacity such as this.
Hey, at least there isn’t fear mongering going on. Oh wait. There is.
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