The recent debt ceiling circus maximus was a sideshow to the real main issue: the imperative for a balanced budget. For years I’ve told my friends we’re screwed. Since the Reagan administration, the parallels between our decline and the Fall of the Roman Empire have been apparent to Common Sense. For example, there was an imbalance in trade between the Western and Eastern halves of the empire and high taxation. Consider: the government lost control of its borders — Goths, Franks, Suevi, Alans — and society experienced moral decay.
Graphics, like actions, can speak louder than words — here they are:
U.S. Debt Reaches 100 Percent of Country’s GDP
Sorry, U.S. Federal Debt Is NOT
Approaching 100% Of GDP Anytime Soon