U.S. Debt Tops $17 Trillion: Jumps Record $328 billion in One Day
Today our country set two records that should scare the hell out of everyone; first, the country just topped $17 trillion in debt for the first time in our nation’s history. Second, after congress reopened the government and passed the new budget, this country set an all-time record for a single day rise in debt.
Yesterday, in one single day, our government added over $328 billion in debt, smashing the previous high of $238 billion set two years ago.
In the last 5 years, this administration (as well as people on both sides of the political aisle) raised the nation’s debt by almost 60 percent, and is on course to double it by the end of their term. When President Obama took office in 2009, the debt was at 10.6 Trillion dollars. According to the Treasury Department that figure is now $17.075 trillion.
We have a political oligarchy in this country who only cares about staying in power. Both sides of the political aisle seem more than willing to run this country into the ground, and there doesn’t seem to be anyone standing up for the American public.
How much more can this economy sustain?
We’ve been advising people to make additional preparations for quite some time now, but we really started trying to get the word out shortly after the financial crisis in 2008.
For a lot of people, that was a huge wake up call, possibly even more than 9/11, because it affected almost every single person in this country. People saw with their own eyes how vulnerable this economy really is. Millions lost jobs, lost their homes, and many wiped out their entire life savings just trying to stay afloat.
Sadly, this country has a short attention span, and most people have gone back to their old ways of running up debt, and spending like there’s no tomorrow.
You better start taking this seriously, because Nothing, I repeat NOTHING has changed since 2008; in fact, we are in far worse shape than we were during the 2008 financial crisis. And thanks to our politicians, this time around we have been saddled with an additional 7 trillion dollars in debt, all but insuring the total destruction of this economy.
My advice for most people, is start thinking about what you’ll do if this country really collapsed. We live in a world that’s really built on top of an illusion, as long as that illusion seems real, we’re ok. But the fact is, our infrastructure cannot maintain a prolonged disaster or economic crisis. In a fairly short amount of time, the trucks will stop running, the grocery stores will be empty, and the country will be in full-blown panic mode.
Think this is just fear mongering? Take a look at what happened back in 2008. Look at how many people lost their jobs, lost their homes, and lost their life savings; now tell me how things have improved or how anything has changed since the last crisis. Are you better off? Is the country heading in a better more sustainable direction?