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A Nation in the Red: The Government Debt Crisis and What We Can Do About It by Murray Holland

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CHAPTER 5

PSYCHOLOGICAL CAUSES OF THE DEBT TRAP

Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.

—Henry Ford

While there are obvious financial mechanisms that have led the United States into the Debt Trap, as discussed in Chapter 4 , these are still not the cause of the Debt Trap. Why would a group of congressmen and congresswomen knowingly lead the United States into the Debt Trap and push the country into a depression that can economically destroy us as it has economically destroyed Greece and probably Spain and possibly Italy in the next year or so? Why does a group of politicians dramatically overpay state employees, giving them pensions that are ...

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