THE NATIONAL DEBT
by Dr. Lawrence Wilson
© August 2025, LD Wilson Consultants, Inc.
All information in this article is for educational purposes only. It is not for the diagnosis, treatment, prescription or cure of any disease or health condition.
WHAT IS THE NATIONAL DEBT?
The national debt is the amount of money that a nation owes to its central bank. IT DOES NOT OWE THE MONEY TO ITSELF, as some claim. The nation owes the money to foreign bankers who are criminals.
The national debt of the United States as of August 25, 2025 is about $37,275,000,000. according to the US Debt Clock. This is a lot of money and the most serious problem in America. However, the news media, president Trump, the Congress and other economic and political leaders rarely talk about it!
We believe all of them are controlled and not allowed to tell the American people the truth about their nation and the coming collapse of America. I am told it may occur within five years if nothing is done to reduce government spending.
WHY IS THERE A NATIONAL DEBT?
Because the Congress of the United States mismanages the money of the nation and is not paying the bills. The government sets up a budget and must collect enough money in taxes to balance the budget.
The national debt is completely illegal and unconstitutional. The US Congress is supposed to manage our money responsibly. All Congressmen and the president swear an oath to uphold and support the Constitution.
HISTORY OF THE DEBT
For her first 200+ years, America paid her bills. Several times, America had a national debt for a short time. This was mainly due to having to spend a lot of money on wars.
However, the debt was always paid off quickly. This is the proper action of the president and the Congress of the United States.
This all changed in 1992. For the first time, under the administration of president Bill Clinton, the debt was not paid off. Since then, all the presidents and Congresses have not paid the bills. Those presidents are Bill Clinton, George Bush Jr, Barak Obama, Joe Biden and Donald Trump. NOTE: Mr. Trump is one of the worst big spenders.
Mr. Trump claims that tariffs will solve the debt problem. Most economic experts think this is totally wrong. They say the problem is too much sloppy, illegal and corrupt government spending of money.
WHERE DOES AMERICA SPEND ALL ITS MONEY?
The worst programs financially in America are Medicare and Medicaid. They are totally out of control financially.
They also happen to be unconstitutional because they force people to participate and they violate the separation of powers legal doctrine. The founders of America were very clear that welfare programs were to be handled privately by the people, NOT by the government.
All proper government activities are listed in Article I, Section 8 of the national constitution, and these programs are not listed. There is a “general welfare” clause, but this cannot include just anything if we are to have a limited government, which was and is the American system of government.
WHAT IS WRONG WITH HAVING A NATIONAL DEBT?
THE MAIN PROBLEM WITH DEBT IS THE AMERICAN PEOPLE NOW PAY $1.13 TRILLION IN INTEREST EACH YEAR ON THE NATIONAL DEBT TO THE CORRUPT AND CRIMINAL FEDERAL RESERVE BANKERS. This is a complete waste of money that is draining the wealth of America. The debt is now growing faster and faster – that is how debt works. For details, read The Federal Reserve.
For example, just this month the US paid half the yearly interest to the bankers – about $600 billion. No government official and no news agency that I checked even mentioned this disgusting fact.
Please share this article with everyone you know. There is an urgent need to end the debt. We believe the current Congress and president need to be removed for their failure to uphold their oath of office and their extremely irresponsible behavior regarding the national debt.
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