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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 9

WHAT DOES ALL THIS MEAN TO YOU, AND HOW CAN YOU HELP?

I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.

—Thomas Jefferson

The events outlined in Chapter 6 will happen in the United States unless the federal government can make very large and significant “structural changes” (that is, spending cuts) during 2013–2015. While almost any business managed by rational women and men would make the spending cuts today, Congress, unfortunately, does not behave rationally; neither have all the countries caught in the Debt Trap throughout history. I believe no politician wants to actually make deep spending cuts because the masses will rise ...

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