My goal in the essay is to use a well-known historical precedent to illustrate the U.S. Federal government’s untenable indebtedness predicament. Spain, 1500-1590 In 1500, the New World had just recently been discovered, and Spain had just recently forced the Moorish invaders from the Iberian Peninsula. Expanding their army, expanding their navy, and the lengthy campaign to kick out the Moors had been expensive for the Spanish crown. They also needed to maintain a large army to keep the Islamic North Africans from returning. There were also the expenses of building and supplying a large fleet of ships, in the … The post America’s Future Can Be Seen in Spain’s Past appeared first on SurvivalBlog.com.