us national debt under bush

Does the financial crisis mark the beginning of the collapse of the United States?

Now that the national debt has been doubled under the two terms of George Bush to $9 trillion, and will likely be doubled again under just the first term of the Obama Administration to $18 trillion, will it be doubled again to $40 trillion (a staggering TEN TIMES what it was at the beginning of the Bush Administration) in his second term? Will this crushing debt, together with the collapse of the credit markets, bring about the financial collapse of the US government and the collapse of the dollar? Is the US tottering on the brink of political dissolution?

No.

It’s hard to pinpoint the beginning of the collapse of the United States of America. It’s tempting to put it somewhere in the Carter or Nixon years, but there’s another watershed event – March 9, 1954 – that I also consider a strong candidate; and, you could go even farther back, to the Great Depression, or the founding of the Federal Reserve or IRS.

What’s going on today is more the culmination of a process that was set into motion long ago. Not a conspiracy or an intentional effort to destroy America, just a confluence of ideas, events, leaders, and the choices of whole generations – that left America rotted away from the inside.