the humble libertarian

out of many one

Thursday, August 2, 2012

The Debt Bomb - Does Anybody Even Care?

Are the American people deaf, dumb and blind? Maybe they are just aloof or even arrogant but whatever ails them, the American people are definitely in dire need of a stone cold reality check. Maybe this video will help. While formatted for entertainment for the entertainment obsessed American public, the 3 minute video portrays a shocking truth that nobody in America wants to hear let alone deal with....

USNew just reported that the federal deficits are the highest since the 1940's, here and also stated "In every second of 2011, for example, the government spent $114,253—even though it was only taking in $73,043 in revenue. According to Face the Facts, that means the federal government spent $41,210 every second that it didn't actually have."

Think about that. The federal government is spending $114,253 per second on revenues of $73,043 per second.

What makes us so different from Greece and Spain? We aren't and what is happening elsewhere will happen here in America to the American people. It's only a matter of time and time is running out.
Read the rest here
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