Dollar in Danger- The Greatest Threat to America
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See also 1 Dollar a Gallon- The real price of Gas http://www.youtube.com/watch?v=-ad0se6c0FM
This is the single greatest threat to America.
The official national debt figure, now approaching $9 trillion, reflects only what the federal government owes in current debts on money already borrowed. It does not reflect what the federal government has promised to pay millions of Americans in entitlement benefits down the road. Those future obligations put our real debt figure at roughly fifty trillion dollars- a staggering sum that is about as large as the total household net worth of the entire United States. Your share of this fifty trillion amounts to about $175,000.
Don't believe for a second that we can grow our way out of the problem through a prosperous economy that yields higher future tax revenues. If present trends continue, by 2040 the entire federal budget will be consumed by Social Security and Medicare alone. The only options for balancing the budget would be cutting total federal spending by about 60%, or doubling federal taxes. To close the long-term entitlement gap, the U.S. economy would have to grow by double digits every year for the next 75 years.
The answer to these critical financial realities is simple, but not easy: We must rethink the very role of government in our society. Anything less, any tinkering or "reform," won't cut it.
To learn how to help change this
check out
http://www.jointhefightforfreedom.com/node/88
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RON PAUL 2008!
I hate to say this, but maybe America deserves this. We had a chance to engage Ron Paul, who obviously knew what he was talking about, but we instead bypassed for a guy who used buzz words and talked tough about war abroad.
Still, with all the news coverage, people that I come across don't comprehend the impending financial doom that we are faced with thanks to the economic policies of the last 8 years.
Why we didn't listen to RON PAUL I will never know.
GET ON THE STREETS!!!
Freedom is an illusion people. I believe Ron Paul would have made really good changes for America and the world, but the elitists in charge will not allow that to happen
"We" want our fast fixes and gass guzzling life styles and will fight to lower gas prices so we have more money for our entertainment and doo dads.
Don't be "negetive" it could get you fired or cost you a chance at happiness...
Of course "we" deserve it.
Well, not all.
(exactly those people who drove us into WW2 and all of the economic crises since 1913!)
They've succeeded putting a lier, socialist, racist and terrorist into office.
With Bush already had been very bad, now with puppet Obama it will get even worse, much worse.
Be prepared for the complete destruction of your contitution, your feedom and your econonmy. The old cow is now scheduled to be butched.
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