WE'RE ON THE HOOK FOR GENERATIONS TO COME
As we were creating the DIA Doomsday Debt tee, we kept our eyes on the U.S. National Debt clock. Yes, we haven't hit $30 trillion in national debt, but we're adding $100K about every 5 seconds, so we'll get there pretty quickly.
Now, what does this mean to us? Glad you asked.
In a nutshell, the U.S. government will have created so much debt and will not be able to service or pay the debt, which will end up destroying the social fabric of this nation and turn people’s lives upside down. The U.S government will have to make extreme budget cuts and these cuts could affect Medicare/Medicaid, Social Security, defense..., you get the picture.
And you are correct, the government can continue to print money to help service the debt, but that drives inflation, which we are experiencing rather harshly at the moment.
Raise taxes you say? How high can we go until we say no more?
So what the government has succeeded in doing is leaving us, the U.S. citizen, hold the bag. But James Madison, the "Father of the Constitution" and the 4th President of the United States warned us that, "Armies, and debts, and taxes are the known instruments for bringing the many under the domination of the few." And here we are.
We need to wake up. We are allowing this to happen to ourselves.
DIA is about life, liberty, and the pursuit of happiness regardless of the forces attempting to undermine these fundamental rights. We need to demand better or else.
DISCIPLINE + INTENSITY + ACTION EVERYDAY!