The entire U.S. economy is a house of cards built on a gigantic pile of debt and paper money, and it is only a matter of time until it all comes crashing down.
But of course that isn't stopping the U.S. government from spending even more money and getting us all into even more debt.
According to a recent Treasury Department report to Congress, the U.S. national debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015.
But as many of you who have experienced this on a personal level know, getting into continually increasing amounts of debt never ends well.
So do any of you have a tale to tell about the city where you live? Do you find yourself caught in the middle of an economic nightmare? Feel free to leave a comment telling us what is happening in your area of the United States....
Michael Snyder
The Economic Collapse