Doug Casey On The Imminent Bankruptcy Of The US Government

Authored by Doug Casey via the International Man, this article discusses the current cash-flow situation of the US government. The author highlights the unsustainable growth of the US government’s budget, which is the largest in history and is growing uncontrollably. The biggest expenditure is on entitlement programs, which the author argues destroy personal responsibility, legitimize theft, and create wealth inequality. The article also discusses the problems with Social Security, Medicare, and defense spending. The author concludes that the US government is bankrupt and suggests drastic measures, such as allowing bankrupt entities to collapse, deregulating, and declaring bankruptcy.