Last Updated on February 8, 2020
I’ve been saying for years that the US economy will collapse if it continues functioning the way it has been. Many other folk have been saying the same thing. A child could come to the same conclussion. If I spend more money than I have, I will go into debt. If I continue to do this, I will go even further into debt. One day the cookie will crumble and I will end up bankrupt as a result of not being able to repay my creditors.
The following video does a good job of summing up the debt issue faced by the USA and how it came to be.
[youtube]O_TjBNjc9Bo[/youtube]
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