Authored by Michael Snyder via The Economic Collapse blog,
Temporary prosperity that is created by exploding levels of debt is not actually prosperity at all.
At this moment, the U.S. government is 21.4 trillion dollars in debt, and we have been adding an average of more than a trillion dollars a year to that debt since 2009. And if we stay on the path that we are currently on, the trajectory of our debt will soon accelerate dramatically.
In fact, as you will see below, the Congressional...