Never have I seen the United States economy in such a tattered, sordid and disarrayed condition as it is in today. What has happened is akin to the hens leaving the hen house and the roosters left behind looking for the golden egg of the goose. Just look at the housing crises, stock market meltdown, insurance and banking bail outs. The federal budget at over $400 billion deficit this year alone. Along with the country at $900 trillion dollars in debt gets me to wondering what's next? The Treasury Secretary on the Sunday t.v. talk shows was asked, but talked around the question of what would happen, if the feds didn't cover the banking and insurance industries with a proposed $800 billion dollar bail out. I think we have been headed down the path of least resistance for far far too long. Sooner or later you have to pay the piper. Both of the major political party candidates running for President are announcing they will bring "change to Washington". There correct. They both will nickle and dime us to death, with a great sucking sound as the change in our pockets gets stolen from us landing on the desks of Congress. Wether you live in a red, blue or plaid state they are coming after your pocket book. The Outstanding Public Debt as of September 19, 2008 is: $9,650,247,855,994.01 The estimated population of the United States is 304,756,570. Each citizen's share of this debt is $31,665.43. The National Debt has continued to increase an average of $1.8 billion per day since September 28, 2007! Concerned? You should be! Faced with a potential government shutdown, the Senate voted to raise the nation's debt limit for the fourth time in five years. The bill passed by a 52-48 vote, increasing the ceiling to $9 trillion. The bill was signed by the president. The debt now stands at more than $8.2 trillion. Like many cash-strapped Americans who have maxed-out credit cards, the federal government again has hit its limit for borrowing funds from China and other nations to keep on spending. When will enough be enough?
Our economic house of cards is falling faster than the feds can prop them up. Hold onto your knickers folks because I think were in for a rocky ride for at least the next two years. You think the price of a barrel of oil is high now? I predict $200 dollar a barrel of oil by the end of next year. Poor Uncle Sam is having a wardrobe malfunction the size we haven't seen since the great depression. I don't have the answers except I think it time we all grow up, take a step back remember that Rome wasn't built in a day, but it certainly did fall in one.
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