You said — “Sounds a bit sensational. Thirty years is a long-time. I mean, even after the civil war it didn’t take 30 years to revive. We have troubles, but I think that’s too much to say.”
Well, it may sound sensational under the “pretense” that our government has been operating under for decades, carrying all the debt forward, and the financing getting higher and higher.
I suspect this guy was saying that if we were told to forget about countries buying our debt any longer and we have to pay it off ourselves, by our own production and the *full amount* that our government has been “falsifying” to us year after year — then *yes* — it would probably take 30 years. I’ve heard statements to that effect, about paying off the huge debt that we have.
The thing is, that people are counting on *not paying it off* and just carrying it forward forever... LOL...
That won’t last,...carrying it forward forever. Small government will come, but in what manner?
It would suck to be the generation that has no government but huge taxes. Sounds like a possibility?