Sen. Schatz returns from the candy store with the goodies.
The candy store is the Federal gov. that can just print up the money for whatever needs and wants.
Right now the official US debt is about $19.9 trillion and rising. If unfunded liabilities such as SS, health care and pensions were counted the debt would be $84 trillion. That's a debt of $260,382 for each citizen.
That means we are spending money we don't have today, which is borrowing from the future, but for now everyone is happy, right?
Since the Fed's can just print money for nothing, it's free money, and the whole world accepts these fiat dollars, why then is there growing poverty and a declining middle class in this country? Why is there inflation in the necessities and stagnation in wages?
Do we suffer from money management problems in this country?