I was surprised by Senator Jon Kyl’s article in the Payson Roundup on Feb. 24. It is the first time I have learned of a senator, representative, or even a president, articulate a “clear and present danger” to the potential collapse of our government. I have great fear that we cannot survive with our current national debt which is “suffocating economic recovery.”
As for President Obama, his crew, and past and present Congress, I am still on the fence. Are they that ignorant or is this their way to destroy our current but dwindling democratic republic to implement a completely controlled elite governmental body?
To graphically demonstrate the enormity of our national debt, try to write out what 15 trillion dollars looks like on paper. Most people can’t. It is $15,000,000,000,000. President Obama wants to increase this debt by another five trillion dollars, $5,000,000,000,000. This is the first time in our history our national debt exceeds our gross domestic product. If we’re in Europe, like Greece, we would be bankrupt. The only reason we continue to survive is to adopt a new currency, the U.S. will be bankrupt.
As pointed out by Senator Kyl, you borrow money and there is this thing called interest, which fluctuates radically. I think it is important to note that the interest payment alone on the debt is “approximately one trillion dollars ($1,000,000,000,000) per year.” Also, the holders of the debt expect to receive repayment of principal or, if interest is high enough, to keep us hostage. Neither of which is acceptable to survival.
Rather than watching the Republican primary candidates arguing and taking cheap shots at each other, perhaps, we should send them a copy of Senator Kyl’s article so they can focus on what is truly important.
It is appalling that many government leaders are either so stupid or have an adverse agenda to continue to borrow with willful disregard for the consequences to our country.
We should learn from the past — “Those who know only their own generation remain always a child.” A good book to read is “The Rise and Fall of Great Societies,” which is a history of such foolishness.
I commend Senator Kyl for alerting the general public, like Paul Revere, to the impending disaster. Now, what are we, the voters, going to do about it?