Drowning in Debt Has Deadly Consequences

By Rich Kozlovich

While I've slowed in my efforts to publish I still pay attention to what's going on in the world and have a daily search pattern to find commentaries worth reading.  When you have a large daily search pattern scanning becomes necessary and a skill.   There are friends who still send me stuff, some of it's really good and some of it isn't.  Some of them are written articles and some are videos.   

I prefer written articles versus videos because I can quickly scan in a few seconds to determine if it's worth reading carefully  I don't like videos because I have to watch the whole thing to see if there's anything in it worth my time, and often times.... there isn't... and I wasted a half hour.   However, occasionally one comes along that's profound, provocative and worth everyone's time, and this is one of them.  The True Origin of the French Revolution: What Historians Get Wrong.

The nation is riding a wave of massive debt of 39 trillion dollars with interest payments of a trillion dollars a year..... and yet..... those in leadership positions are failing to address this monster.  And this doesn't count the massive debt the states are piling up.  It's as if they're wearing the same kind of self-serving blinders as did the French leadership that triggered the French Revolution.  And this is a worldwide problem of massive proportions coming to a global debt of 353 trillion dollars, much of it non-payable, and non-collectable.  

This can't go on.

1. America’s Entitlement Illusion 
2. The hidden cost of saving the economy
3. Medicaid’s Ever-Expanding Fiscal Burden
4. Belgium's Car Toll Desperation Move 
5. Guess the U.S. National Debt in 1990.
6. Hey, Republicans, Spending Is Still Out Of Control

Update, 7/17/26:

A 22 Percent Social Security Cut Is Coming. Will the Senate Act? - Many people will dislike reading this, I'm sure, and wonder why we can't just borrow to pay for the benefits. The answer is that between Social Security, Medicare, and interest payments, we're short by $115 trillion over 30 years. The moment Congress commits to that much borrowing, the likelihood of a historic inflation burst increases. Even this painful hike in the price level would not manage to devalue enough debt to save us, since Social Security benefits are indexed to inflation. The obligation would survive; retirees' bond portfolios and other assets would lose value...........