Americans: Get Ready For Tax Increases 'That Aren't Even Imaginable' to Pay Off National Debt

But now the problem of mounting national debt is worse than it ever has been before with -- potentially dire consequences for taxpayers, according to a report by the nonpartisan Peterson-Pew Commission on Budget Reform.

"It keeps me awake at night, looking at all that red ink," said President Obama in Nashua, N.H., on Feb. 2. "Most of it is structural and we inherited it. The only way that we are going to fix it is if both parties come together and start making some tough decisions about our long-term priorities".'

Read more...

Sick-care America Now Needs Another $1.9 Trillion Increase in Debt Limit Just to Stay Afloat

The US government is running out of money... again. So Democrats want to increase the debt limit by trillions of dollars... again. The newly requested debt limit increase is a jaw-dropping $1.9 trillion, which would put the total national debt at $14.3 trillion.

These are more than just numbers on pieces of paper. It's easy to get lost in the numbers and not realize the significance of what's happening here, but as I've explained many times here on NaturalNews (and on www.CounterThink.com as well), what you are watching is the financial crumbling of the American empire.'

Read more...