"We are living in the greatest debt bubble in the history of the world.
In 1980, total government and personal debt in the United States was just over the 3 trillion dollar mark, but today it has surpassed 41 trillion dollars.
That means that it has increased by almost 14 times since Ronald Reagan was first elected president. I am searching for words to describe how completely and utterly insane this is, but I am coming up empty.
We are slowly but surely committing national suicide, and yet most Americans don’t even understand what is happening.
According to 720 Global, total government debt plus total personal debt in the United States was just over 3 trillion dollars in 1980.
That broke down to $38,552 per household, and that figure represented 79 percent of median household income at the time.
Today, total government debt plus total personal debt in the United States has blown past the 41 trillion dollar mark.
When you break that down, it comes to $329,961.34 per household, and that figure represents 584 percent of median household income...
...One of my pet peeves is the national debt.
Our politicians spend money in some of the most ridiculous ways imaginable, and yet no matter how much we complain about it nothing ever seems to change.
For example, the U.S. military actually spends 42 million dollars a year on Viagra.
Yes, you read that correctly.
42 million of your tax dollars are being spent on Viagra every year.
And overall spending on “erectile dysfunction medicines” each year comes to a grand total of 84 million dollars…
According to data from the Defense Health Agency, DoD actually spent $41.6 million on Viagra — and $84.24 million total on erectile dysfunction prescriptions — last year.
And since 2011, the tab for drugs like Viagra, Cialis and Levitra totals $294 million — the equivalent of nearly four U.S. Air Force F-35 Joint Strike Fighters..."