Congress votes to allow national debt to continue growing

Monday, February 8, 2010
The national debt shows no sign of slowing down
- By Bruce Sands
A recent look at news from Washington provides one more reason to consider investing in a stable option like dealer gold.

Various media outlets have noted that Congress has increased the limit on government debt by an additional $1.9 trillion, which will give it the authority to run up a national debt of more than $14 trillion by the end of this year.

Supporters of the measure argued that the current vote was needed to prevent the government from defaulting on its debt obligation and ruining its credit rating in the process. However, critics have pointed out that even in light of recent government stimulus efforts, little has been done to curb the growth of spending.

Looking ahead, an unmanaged federal debt has the potential to saddle future generations with a heavy financial burden, with interest payments alone that reach into the hundreds of billions of dollars per year.

With these things in mind, adding gold to one's portfolio is one way to guard against economic ramifications of rising government debts in the coming years.


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Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
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