Tag Archives: budget deficit

Chapter Six — Usury, the Engine of Destruction

Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.  —Kenneth Boulding, Economist

Chapter Six — Usury, the Engine of Destruction, of The End of Money and the Future of Civilization, new 2024 edition, is now available at Ken Richings; Substack channel, Future Brightly. in advance of its publication here on my website and elsewhere. Access to my work remains free, but please reward Ken for his good work by opting to take a paid subscription to his Substack channel.
Further chapters will continue to be posted as they are completed on Future Brightly, and two weeks later on this and the other sites. Watch for Chapter Seven to be posted in about two weeks.

As always, your comments and suggestions will be welcomed,
Thomas
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Chapter Six, Usury, Engine of Destruction-Text
Chapter Six, Usury, Engine of Destruction-Audio narration

Do Deficits Matter? We’re All About to Find Out.

Most red ink ever: $9 trillion over next decade

By JIM KUHNHENN, Associated Press Writer

Tuesday, August 25, 2009

(08-25) 21:30 PDT WASHINGTON (AP) —

In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion — more than the sum of all previous deficits since America’s founding. And it says by the next decade’s end the national debt will equal three-quarters of the entire U.S. economy. More…