Death By Debt: The End of America the GreatWe as a nation are worried about death by debt. Does it really matter? We all know about owing some one between credit card bills and mortgages – right? So what is the big deal if our nation also owes? Well to begin with we lose a lot of influence over people we owe money to. When we want someone to lend us money it is hard to make demands on them. More than likely the demands will be made of us and come our way. To better understand read the following article by Mallory Factor to see if we are speaking of a matter of life and death – “Death by Debt: The End of America the Great”. Death By Debt: The End of America the GreatBy Mallory Factor America’s thirst for debt will have far reaching implications — for our nation, foreign policy, standard of living, and even our fundamental way of life. What does this mean to your life and the lives of future Americans? Well over 200 years ago, Benjamin Franklin wrote: “When you run in debt; you give to another power over your liberty.” He also noted, “The borrower is a slave to the lender, and the debtor to the creditor.” These are great points for people to keep in mind — but is it good advice for our nation?
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