Many of us enjoy spending – but don’t like facing the necessity of paying the bills.
Public officials know this, so they find ways to have government spend lots of money “for us” – giving the impression that though we are the beneficiaries, we somehow won’t have to pay the tab.
That kind of irresponsibility is why the United States of America today faces a debt of $14.3 trillion – an amount nearly equal to our gross domestic product, or everything that all of us combined produce in our country in an entire year.
To whom do we owe our huge national debt?
Well, do you feel comfortable realizing that we owe well over $1 trillion to Communist China?