Will America’s Prosperity Be Completely Wiped Out By Our Growing Debt?

Will America’s Prosperity Be Completely Wiped Out By Our Growing Debt?
"The federal government is now 20.4 trillion dollars in debt, and most Americans don’t seem to care that the economic prosperity that we are enjoying today could be completely destroyed by our exploding national debt.  
Over the past decade, the national debt has been growing at a rate of more than 100 million dollars an hour, and this is a debt that all of us owe.  
When you break it down, each American citizen’s share of the debt is more than $60,000, and so if you have a family of five your share is more than $300,000.  
And when you throw in more than 6 trillion dollars of corporate debt and nearly 13 trillion dollars of consumer debt, it is not inaccurate to say that we are facing a crisis of unprecedented magnitude.

Debt cannot grow much faster than GDP indefinitely.  
At some point the bubble bursts, and when it does the pain that the middle class is going to experience is going to be off the charts..."
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