Some really simple charts explaining why the US (and economies worldwide) are in big, big trouble...and big trouble requires big change to avoid far worse outcomes.
What you see below is a chart showing the growth of GDP and growth of debt over periods since WWII. Noteworthy is that for every $1 of federal debt spent in '47-'60, the economy grew nearly $9!!! However, by the most recent '07-'14 period, not only did the economy see no net gain after subtracting the new debt...for every $1 of new debt spent, about $.30 of "growth" remained of the original new $1?!? But all $3 dollars of new debt are still owed, and like a credit card, the US will make interest-only payments on all this new debt indefinitely.
Noteworthy, the post-war period of '47-'60 was marked by robust growth, nearly a balanced budget, and minimal growth of GDP attributable to growth of federal debt. Compare and contrast with the '07-'14 period where debt grew nearly $9 trillion and after subtracting new debt, GDP collapsed by nearly $6 trillion. This trend is only accelerating...The Federal Government and the Fed may want to consider this (but won't) before they embark on spending another dollar?!?
All the Federal debt "invested" in the economy since '07 has yielded...well, nothing. The chart below shows all GDP growth above and beyond new debt creation since WWII has been wiped out since '07!
As you'll note below, the growth in federal debt was responsible for 11% of GDP growth in the post WWII period vs. the most recent period where new federal debt growth was 300% that of GDP growth.
Times have changed. And that is why it is time the Fed plus all the captured federal branches (including the entire Congress, Executive, and Judiciary) need to be fired. Removed. Retired. Corporations and foreign money removed from US politics. And a laundry list of activities to take back what is ours. And an honest attempt need be made to identify and, painful as it may be, begin the long road to rebuilding an economy and a nation.