Hot Button Issues: How the National Debt Will Crush You and Your Family

In this video, public policy veteran Terry Allen explains why few people actually understand the sheer size of America’s national debt and the pending danger that it presents to all Americans. It is an unprecedented crisis that threatens your personal standard of living, your job security, your family, your way of life, the stability of your community and the future of this nation.

If people really understood the threat our national debt poses they would march on. Washington and demand immediate action. Allen uses the illustration of a personal credit card. He explains who America owes, how the debt was accumulated, and the options available to policy makers. He explains the danger of America’s entitlement programs, which are adding $1 trillion to debt every 100 days. By 2030, the federal debt will be $52 trillion, by 2034 it will be $64 trillion and by 2040, the debt will be $80 trillion. The growth of the debt on autopilot will could destroy your financial future.

Allen explains that continued inaction on the debt will lead to an economic collapse. If America is to escape a catastrophe, then some hard decisions need to be made right now. In a democracy, the majority of the American people will only chose the hard path of sacrifice if they understand the danger of inaction. If enough people are willing to sacrifice now to avoid catastrophe, then there is hope of avoiding the coming disaster.

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