How can you build prosperity under a mountain of debt?

That is the question Americans should now be asking Allan Greenspam, who destroyed America with too much liquidity (debt) thereby fueling too many boom and bust asset bubbles starting in 1987 when he allowed every imaginable debt scheme in America. That is the massive government debt.

You will you can hear some people screaming deficit does not matter in the media. However, junk bonds, six-year car loans, adjustable rates, interest only mortgages, credit card debt to students still in school, derivatives and the list goes on and on.

If Americans actually had to pay for their increased standard of living through higher taxes, none of this would have occurred.

Using taxes to pay for policies would have allowed Americans to chose their social policies wisely in a way that benefited them the most without impoverishing them.

They could havedone away with useless projects like 1000's of useless military bases around the globe and foreign aid.

Now Americans face a bleak future having consumed all of their future productive capacity today.