America owes more money than any country on Earth. Although we owe China a large amount, most of our debt is owed to our very own beloved Federal Reserve who graciously collects interest on its IOU’s. That Ben Bernanke….what a swell guy! To give you an idea of why our national debt is destroying us think about this. The United States will pay $224.8 billion in interest this year (2012) on it’s $16 trillion reckless debt. That money could have … →
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