The Real Crisis in Europe Isn’t Financial. It’s Generational Theft.

Back at the beginning of this century, the U.S. national debt was $5 trillion. - Rick Moran

The U.S. budget was $1.78 trillion, and we ran a $237 billion budget surplus.

• Today, the debt is $40 trillion; the budget is $7.4 trillion, and the budget surplus is long gone, replaced by a $2 trillion deficit...

In 2000, France's national debt was around $900 billion, or 58% of its gross domestic product (GDP). Its budget deficit was less than 2% of its GDP.

• Today, France is caught in a debt trap that could lead the nation into default and blow up the entire European Union...