SurvivalBlog presents another edition of The Survivalist’s Odds ‘n Sods— a collection of news bits and pieces that are relevant to the modern survivalist and prepper from “HJL”. Our hearts and prayers go out to the victims and families in the Florida shooting.
National Debt is Unsustainable
A top intelligence official, Dan Coats, the Director of National Intelligence, is warning that the U.S.’s national debt isn’t just unsustainable, but it puts national security at risk. This warning comes after Trump signed a two-year budget deal that basically wasn’t a budget. Instead, it boosted domestic and military spending by $300 million and which is projected to add $1.5 trillion to deficits over the next 10 years. This is the same ol’, same ol’ that we’ve been dealing with for the past 30 years. Congress controls the purse strings and if they don’t get their act together soon, the U.S. will be finished. Thanks to G.P. for the link.
Total Household Debt
Of course, it’s not just congress that has a spending problem. Reader G.P. also sent in this link showing how the total household debt has soared to a record $13 trillion dollars. Mortgage balances rose by $139 billion and credit card debt had the second largest increase ($26 billion). This is the fifth consecutive year of annual household debt growth with increases in mortgage, student, auto and credit card categories. We wonder why the congress critters can’t get control of the national budget, but we are the ones who repeatedly vote them in and we can’t get control of our own household budgets. Consumerism will be the death of this nation.