I watched the video at I.O.U.S.A yesterday.
This video highlights the enormous debt that we are racking up as a nation.
Debt is a promise, and honor demands that we keep our promises. As we rack up more debt without any plan to repay it, we are, as a nation, surrendering our honor.
The US superpower status depends more on our honor than on our weapons or our wealth. If we become a deadbeat nation, we will deserve the severe consequences, just as we would as individuals.
It makes no difference if we dishonor our debts by refusing to pay them, or by allowing the Fed to inflate them away by printing vast quantities of fiat money. Honor is about trust. We must be trustworthy to be trusted, and to be respected.
View the video, then get serious about repaying our debt. We should have a new slogan: "We can't afford it".
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