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Debt, Deficits, and Denial: The Truth About Washington

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Published on Jan 10, 2011

Listen as Follow the Money Weekly Radio show host, Jerry Robinson, explains the shocking truth about America's national debt.

Jerry Robinson is a popular economist and best-selling author of the book "Bankruptcy of our Nation." You can learn more about him and his weekly radio show, Follow the Money Weekly, online at http://www.ftmdaily.com

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Our national debt now stands at a staggering $14 trillion. After being $14 trillion in the red, you would think that Washington would begin to realize that they have a major spending problem. But remember, Washington thinks that its problem is a revenue problem, not a spending problem. The only time that our leaders in Washington become concerned about anything is when their spending money threatens to dry up...

So watch for the big debate over the next few weeks in the Congress to be over raising the debt ceiling. Somewhere around March or April of this year, our spendthrift politicians are going to have to vote themselves more spending money... Instead of slashing spending and cutting redundant government programs, Washington will beg and plead for more money.

Have you ever seen a small child in the candy aisle at a grocery store throwing a fit because they want something. That is what our politicians are going to, just as they do every year.

In the end, we have to ask ourselves, are we okay with our nation's leaders living in total denial over our true economic problems?

But don't answer too fast... Because to answer that question requires that we are not living in financial deception ourselves.

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