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<p>[QUOTE=&quot;Vess1, post: 788440, member: 13650&quot;]<b>“The most powerful force in the universe is compound interest”</b></p><p><br /></p><p><br /></p><p>&nbsp;&nbsp; -Albert Einstein</p><p><br /></p><p>&nbsp; The very fact that we can carry so much debt only tells us that it hasn&#039;t been long enough yet for it to hit the wall!&nbsp; &nbsp; From 1940 through the late 70s, the national debt managed to stay flat and under 500 billion the entire time.&nbsp; This whole time period it was still manageable with little growth.</p><p>&nbsp;</p><p>&nbsp;&nbsp;&nbsp; They didn&#039;t hit 1 trillion until the early 80s.&nbsp; &nbsp; Now, in 2010 it&#039;s up to 12.3 trillion with projected 1 trillion dollar deficits ANNUALLY as far as the eye can see. </p><p><br /></p><p>&nbsp;Despite inflation, this is a drastic change in policy that has only been happening for a relatively short period of time.&nbsp; People can&#039;t wrap their minds around the figures anymore.</p><p>&nbsp; You give it another 20-40 years of this and it will not be able to sustain at this rate.&nbsp;&nbsp; At some point, tax revenue will not pay the compounding interest on the liabilities.&nbsp; Something has to give.&nbsp; Maybe some new creative math?&nbsp; Who knows.&nbsp; &nbsp; 2010?&nbsp; Sure.&nbsp; We&#039;re great.&nbsp;&nbsp; 2040?&nbsp; Nothing would surprise me.&nbsp; &nbsp; </p><p><br /></p><p>&nbsp; We only got to this point because of a lot of foreign lending that will not be happening anymore.&nbsp; &nbsp; Take a guess as to what the alternative is when they need more money?[/QUOTE]</p><p><br /></p>

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