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Sunday, June 13, 2010

Another Look At The Disaster Just Ahead

If you are having trouble understanding the incredible disaster that the U.S. will be facing in the near (three to five years), here are excerpts from Michael Tanner's column in this week's New York Post.

"This week, the federal debt officially passed the $13 Trillion mark...if you earned a $1 a second, it would take you 416,000 YEARS of pay it off....and that doesn't include the $15.8 trillion in unfunded liabilities for Social Security and at least a $50 trillion short fall for Medicare."

In addition, he points out that it would take a 88% tax on the rich and a 63% tax on the middle class just to keep up. No economy can stand those tax rates.

If you would like to see a picture of One Trillion $100 bills, see Section One of "The Great Recession Conspiracy". If you would like to find a workable solution to the Social Security and Medicare problems, see Section Four., and it is available as a Kindle book and a Google book.

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