It's Time to Stock Up on Precious Metals, Guns, and Ammunition

If you are a regular reader of American Thinker, you already know that our nation's debt and deficit problems are unsustainable.  We need to look no further than the European Union to understand the problems associated with welfare states run wild.  The violence in Greece is a harbinger of things to come in the United States if we fail to take action to get our nation's fiscal house in order. It's as simple as 1, 2, 3.  No nation can spend its way out of a debt and deficit problem.  It is true, however, that a growing economy produces increases in tax revenue that can be used to eliminate deficits and pay down debt.  Unfortunately, while our economy was rapidly growing, members of Congress and our presidents including George W. Bush and Barack Obama increased spending at an even faster pace than revenue growth.  It was foolish; it made no sense; and it brought us to where we are today. Unfortunately, President Obama doesn't think we have a...(Read Full Post)

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