The Country with a 99% Debt-to-Income Ratio Is Drowning In Debt
And the Citizens Aren’t Even Talking About It
Did you know the United States of America is going broke?
It's true.
So how come so few people are talking about it?
Our national debt stands at $34.7 trillion.
What's worse is our debt-to-GDP ratio.
That's how much we owe versus what we generate for income: 99%.
Imagine us trying to get a mortgage or car loan and our Debt-to-Income is 99%.
The finance dude would throw us out of their office.
The whole department would be talking about the idiot who has a 99% Debt-to-income ratio.
It gets worse ...
The ratio will grow to 122% by 2034.
The previous high was 106% in 1946, at the end of the Second World War.
This is a systemic failure of the entire Federal government, folks.
It's not about one president or party unless you simply don't know what a systemic failure of a nation looks like.
The Western Rome empire fell this way in the 5th Century.
So did the Spanish Empire in the 16th and 17th Centuries.
And the Ottoman Empire by the 19th Century.
Then, Russia.
No wonder history repeats itself.
We do.
