cdrnsfUS expected to send thousands more soldiers to Middle East, sources say
Wars are waged through inflation. Allowing the federal government to "print money", essentially write checks on a negative account balance, is funding these forever wars.
If you continue to support reckless taxation, this is what you will get.
IIRC, the US debt is at 39 trillion right now, with no plan to pay it back. Which is logical, because it's unpayable. There's no way in the world that will ever be paid back. I still haven't seen anybody properly analyze how high the debt can go before it actually can't go any higher, but we're going to find out.
Without any funny business (meaning no re-valuation of the debt, which I guess there are strategies for) and assuming an interest rate on the debt of between 3-5%, I figured between 10-20 years before the interest payments eat up most essential services.