The debt crossed a Rubicon of scale. It went to a whole different dimension of huge. It is pegged at new and utterly unimaginable levels that have never before existed in any place, in any time, for any society, since the dawn of time. Read that sentence back to yourself; “levels of debt that have never before existed in any place, in any time, for any society, since the dawn of time”. You may disagree with my politics but that sentence is absolutely true. The number really has dwarfed all that came before it. Folks can try to pretend it doesn’t matter but they can’t pretend this has happened before. Phrases like “largest ever in humanity’s span of existence” are not exaggeration.Look at the numbers. Try to argue.
Quote of the Debt
From the Adaptive Curmudgeon: