Here’s a question to consider--How did the world’s richest, most prosperous nation become the world’s largest pauper—borrowing around $125 billion every month just to pay bills?
In his new book After America: Get Ready for Armageddon, Mark Steyn uses his devastating humor to argue that Washington’s drunken sailor spending will have to stop soon—there may not be enough money in the world—literally. “By 2020 foreign official holdings of U.S. Treasury securities will be 19 percent of the rest of the world’s GDP. Will the rest of the world want to sink a fifth of its GDP into America in 2020? On Big Government’s streetcar named Desire we have come to depend on the kindness of strangers,” says Steyn.