THE DEBT CRISIS IN AMERICA
by Dr. Lawrence Wilson
© July 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.
Contents
I. Introduction
II. The Money System Of The United States
III. Related Topics
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DEFINITION OF THE NATIONAL DEBT
WARNING! This article is not the same as what you will read about the debt in most books or articles. There is a lot of lying about the debt and we hope to clarify the matter.
The national government of the United States collects money, mostly from taxes. It also spends money on hundreds of government programs. Article I, Section 8 of the US Constitution describes the proper functions of the national government.
Very important. Article I, Section 8 does not include the government welfare programs that are bankrupting the United States – Social Security, Medicare and Medicaid. The founders of America knew these programs tend to become corrupt very quickly and that welfare is best handled privately.
The debt. If government spending exceeds it income, as it does today, the government runs a deficit or debt. At this time (2025) the US national government spends close to $7,000,000,000.00, but only takes in about $5,000,000,000.00.
An irresponsible Congress and presidents. All spending must be approved by the Congress and all spending legislation must be signed by the president of the United States. They are supposed to properly manage the money of the nation. Running a debt is basically illegal, but that is what they have done for the past 35 years.
As a result, the debt level of the United States at this time is the highest of any nation in the world at close to $37,000,000,000.00.
HISTORY OF THE DEBT
During her 250-year history, America has occasionally had small amounts of debt. Usually, it was due to a war or some other emergency that required extra money.
Until 1992, these debts were paid off quickly by charging the people extra taxes for a year or a few years. The citizens understand that running debts is a terrible thing and when their leaders explain this, the people have agreed to austerity measures to pay off the debt.
A change of attitude. Starting in 1992, the debt of America was not paid off. President Ronald Reagan spent a lot of money building up the American military to oppose a large Russian military buildup during what was known as the 'cold war.'
However, the next president, William Clinton, and the Democratic Party-controlled Congress did not pay off the debt. Instead, it was allowed to stay and more was added. Since that time, no Congress has paid off the debt.
Even worse, word has spread that the debt is not important and “we really just owe the money to ourselves”. However, this is a complete lie.
Debt bleeds the nation of money. This year, (2025) the interest payment alone on the national debt is almost $1,000,000,000.00 That is a lot of wasted money!
THE CAUSES OF THE DEBT
The thugs, rogues or satans. In reality, this group of alien invaders are a large part of the cause of the American national debt. They have taken over the governments of most, if not all the nations and they set policy. You don't need to believe this, but it is true.
They have overseen the creation of a welfare state in America, as in other nations. This is illegal in America and it is absolutely bankrupting the nation. This is the truth.
Influencing our leaders is easy for them to do because they have superior technology. They just murder, beat and rape any government official who does not go along with their agenda. This is the real cause of the problem of debt.
The worst government programs. The government programs whose cost is most out of control are the entitlements or welfare programs. Their cost is enormous and growing fast. Even the government says they are full of fraud and waste. Here are some basic 2024 statistics:
The cost of Medicare, Medicaid, children's health (CHIP) and ACA = 24% of the budget.
The cost of Social Security = 21% of the budget.
Interest on the debt = 13% of the budget.
Defense spending (which is in the Constitution) = 13% of the budget.
These are the main items in the budget and they total 71% of the budget.
NOTE AGAIN: Medicare, Medicaid, social Security, CHIP and ACA are not in the Constitution. We consider them illegal and unconstitutional.
However, there is currently no discussion AT ALL in the Congress or by the president about returning the nation to constitutional rule and getting rid of the horribly corrupt welfare program of the US government.
PROBLEMS CAUSED BY DEBT
1. Interest payments. The nation must borrow money and pays interest to those who lend the nation money.
How funding works. In reality, the national government has no money at all today. To get money to operate, once a month the American government sells bonds. These are loans people make to the government.
They are pieces of paper that stipulate that in a certain period of time, such as five or ten years, the government will repay the loan with interest. For the creditors, it is an investment. For the US government, these are loans.
What is the real interest rate? The real rate that the government should have to pay is about 20-25%. This is because that is the rate that gold is paying over the past 10-15 years. In the past 30 years or so, gold is the best investment. The US government thus has to compete with gold for people's money so the government would have to pay about the same interest rate.
However, charging the government the real interest rate would wake people up and probably end the debt completely in a few months. So what happens is that a private bank called the Federal Reserve buys most of the US debt at a very low interest rate – about 4%. IT IS A COVER-UP. MR. TRUMP WANTS THE INTEREST RATE EVEN LOWER, WHICH MEANS MORE OF A COVER-UP.
The Federal Reserve is a private company that illegally was given the power to create and maintain the money of the United States. This occurred in 1913, and has basically led to the inflation and ruin of American money. For details, read The Federal Reserve.
The Federal Reserve prints as much US currency as they wish and then buys at least 75% of the US debt. Articles say it is not that high, but we believe the amount of debt the Fed buys is that high. They can charge the US government whatever interest they want and now it is about 4%. In other words, about 4% is the effective interest rate on the debt.
Why does the Fed do this? Because if they charged the real interest, people would wake up and quickly end the debt. Bankers love debt because they love forcing people to make interest payments.
2. The inflation problem. Having a debt puts more money into circulation. The result of this is inflation. Inflation is a hidden tax that hits poor people the hardest. It is a very cruel and subtle way to steal the people's money.
3. Out of control. When one is in debt, one must go to others just to survive. This means one is out of control and that one's creditors are really in charge. This is the situation with the United States of America. It turns the nation into a weak, slave nation.
The bankers – the Federal Reserve company – really control the nation and the politicians must go along.
II. THE MONEY SYSTEM OF THE UNITED STATES
The US Constitution says that “Congress shall coin the money and fix the value thereof”. Elsewhere in the Constitution, it says that states must pay their bills in gold and silver. The founders were clearer and said that gold is the only currency of the United States. (I am told that this was in the original founding document, the Articles of Confederation.)
However, during the history of the United States, illegal banking systems have been set up and one exists today.
The first illegal bank was called The Bank of The United States. It was run by the British and forced on America as a condition of ending the Revolutionary War. It had a 30-year contract that was renewed for another 30 years. In 1836, president Andrew Jackson got rid of this bank. This was a victory for America.
There was no central (illegal) bank in America until 1913, when the Federal Reserve Act was pushed through Congress and signed by president Woodrow Wilson. Ever since then, America has had an illegal central bank called The Federal Reserve, owned by a few families and run for their benefit. The bank is neither federal not is there any reserve.
Paper money. The founders allowed paper money in the United States if it is directly redeemable in gold or silver. Before 1913, paper dollar bills said “Redeemable in Silver” on them. After 1913, the paper money was changed to say “Federal Reserve Note”. In other words, the constitutional requirement that the money be redeemable in gold or silver has been violated. Federal reserve notes are not redeemable in anything. This kind of paper money is a horror called fiat money. It is just pieces of paper printed on a printing press in whatever quantity the ones in charge decide.
Electronic money. In the past 75 years, things have gotten even worse. Not only is their paper money. There is also electronic currency in many forms – credit cards, systems such as Paypal, and recently so-called cryptocurrencies. These are mainly electronic and very easy to manipulate and fake.
III. RELATED TOPICS
GOLD
An accounting system. Gold is not just a metal. It is an accounting system that tracks the level and the wisdom of government spending on earth. Over the past twenty-five years, the price of gold has gone up over 10 times or 1000 percent. Over the past hundred years, the price has gone up about 100 times from about $35.00 per ounce to almost $3500.00 per ounce today.
I am told that the rise in the price of gold indicates that the governments of the earth, especially the United States, are spending money very recklessly!! Many nations are going deeply into debt with no end in sight.
For example, the debt level of America, at almost $37,000,000,000, is the highest in the world. It is more than twice as high as any other nation. This makes the nation weak and sick, like a body that is bleeding.
This is completely illegal and criminal because one of the jobs of the Congress and president is to balance the budget and maintain the value of the money. In our view, the entire Congress and all the presidents since Bill Clinton (president from 1992-2000) are guilty of violating their oath of office and perhaps guilty of treason, a very serious crime.
The current president promised to help the problem. However, his “big bill” has made the problem much, much worse by raising the debt ceiling or limit by $5,000,000,000.
This is the most that any president has ever made things worse. This is why he is a traitor, and one of the worst, no matter what else he does. PLEASE LOOK AT THIS WEB PAGE: (You have to scroll down a little when you get to the page): GRAPH OF THE DEBT.
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