national debt

 

The national debt stands at nearly $12 trillion — a record, but not one that elicits pride. Yet, long before the debt reached unfathomable levels — almost $39,000 for every U.S. citizen — the public and politicians bellyached about congressional spending called “earmarks.”

 
 

Former Treasury Department official Rick Cook says America has two economies in crisis: the “producing” economy and the “financial” economy. He advocates replacing a bank centered monetary system with money created directly by the Federal Government.