America, without question, is drowning in a sea of debt, barely holding its head above water. There is the massive national debt of the U.S. government, personal/consumer debt, student debt, and an increasing number of U.S. cities and states that are in debt over their heads.
America is literally destroying itself by the monumental debt that we as a nation, government and society have incurred. We are being consumed by this ever-escalating debt running rampant throughout this country. And we seem to be totally incapable of addressing the underlying problems and finding the ways to bring this situation under control.
Massive debt is a destructive force, one that once it gains momentum is almost impossible to bring under control. When we use the word destroying to describe what debt is doing to America we can also use the word killing, in that debt kills creativity, innovation, and constructive endeavors. There is a complete lack of funding available for new, revolutionary initiatives for which America once was known and greatly respected.
This country’s national debt has escalated from $5.7 trillion in the year 2000 to the current staggering amount of $18.2. That’s an increase of some 319% in just 14 years; that’s almost beyond comprehension and it’s difficult to imagine the gross incompetence and mismanagement that it took to allow this to happen.