Since 2009 Barack Obama and his Party have created eight trillion dollars of public debt.  What most Americans and investors are not aware of is that another eight trillion of government debt was created over the past forty years, mostly by Democrats. This is the accumulated unfunded public pension and municipal bond debt.  And unlike the national debt, which is easily found and exists on government books, this second amount of debt is not widely known.  What is more unsettling is how this debt was created and how it impacts all Americans.  Its origin has been revealed through the bankruptcy court hearings of Stockton, California; Detroit, Michigan; and the financial situation of Chicago, IL.  As public spending increased and public sector pension debt mushroomed, these and other city governments were unable to keep up with public pension plan expenses.  One fix they attempted was to borrow money from investors by issuing municipal bonds.  But...(Read Full Article)