Government Debt and Your Retirement Future

Government Debt and Your Retirement Future

Concerned about heavy government financing by enormous borrowing, even the equivalent of printing money, or the need to tax?

Governments can only overcome the accommodation for extraordinary spending and the potential problems they will entail, by expanding the economy.

But if the government is heavily taxing while borrowing and literally printing money, to balance its budget deficit, it will be curtailing that necessary expanding economy.

You cannot borrow forever without hurting expansion because you crowd out funds required for private business to operate normally. There is business stagnation. A lack of productivity.

The only result has to be inflation. The proof of this has been shown over and over again, around the world for centuries.

You can be sure that government debt will spell disaster for you.