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Is a debt crisis coming to your neighborhood?

Posted by Greg L on May 1, 2010 · 9 Comments

An excellent article here on a possible US debt crisis coming to your neighborhood in the future. The chart above is a projection of interest payments on the national debt over the next decade. They’re projected to grow to such an extent that they’ll constitute a large percentage of all annual spending. This chart was … Continue reading →

Filed under Economics, Financial Crisis · Tagged with National Debt, Value Added Tax, VAT

“If we remain poor and dependent, the riches of other men will not avail us. If we are ignorant, the intelligence of other men will do but little for us. If we are foolish, the wisdom of other men will not guide us. If we are wasteful of time and money, the economy of other men will only make our destitution the more disgraceful and hurtful. “
Frederick Douglass
“If you form the habit of going by what you hear others say about someone, or going by what others think about someone, instead of searching that thing out for yourself and seeing for yourself, you will be walking west when you think you’re going east, and you will be walking east when you think you’re going west. This generation, especially of our people, has a burden, more so than any other time in history. The most important thing we can learn to do today is think for ourselves.”
Malcolm X
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