The Congressional Budget Office (CBO), a reliable non-partisan government office today forecast that the Federal Debt will reach $12 Trillion by September 2009 and $13 Trillion by September 2010. That means that each and every U.S. citizen owes (somebody has to pay) about $200,000. No point in shrugging your shoulders and expecting someone else to pay your share. Ain't gonna happen!
This has many, many hidden costs. For example, just paying the interest on the Federal debt costs us $565 Billion dollars! Think about how many schools that could build, or how many good teachers in could train, or how many really smart kids could get scholarships. If education is not your interest, think about how many decrepit portions of the U.S. highway system could be repaired with that money, or how many bridges could be retrofitted to keep from killing you one day as one of them did in Minneapolis not long ago.
The big problem is that this government is simply not addressing the real problems in the economy. In "The Great Recession Conspiracy", we explain why the government is wrong footed in its economic policies and what should be done. You can read it for yourself at www.scribd.com or on a Kindle book reader. Read it and then tell us what you think.
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