Summary
1. The equivalent of 27 trillion dollars circulates world wide. 2. The current U. S. Debt is: $11,124,519,301,253.21 as of 3 April, 2009. 3. This means in five years the debt will be $22,249,038,602,506.42 4. If tripled it becomes: $33,373,557,903,759.63 5. This does not include the unfunded mandates of all social programs, and other U. S. entitlement programs.
Analysis
One of my work responsibilities is mathematics. I am at the point that I realize that most of the people in Local, State and Federal goverment really need some remedial work in math.
We are at the point were the amount of debt will get to the point that it chokes out any possibility for growth. We are getting to the point were the interest will accrue at such a rate as to render re-payment unsustainable.
If we do not get a handle on this, and quick, this nation, and the world financial system itself may not survive.
I am not a doom and gloom person. I am a realist and with a good dose of skepticism. I know that debts have two paths. They either are repaid, or they are not. However, in financial history, what destroyed the Roman Empire was not corruption or decay. Yes, they helped, but what killed Rome was debt.
No nation in the history of humanity has ever spent itself to prosperity. We will be no exception. No matter our intentions. No matter our motives.
If we fail to act, immediately, our way of life, our future prospects, and even our very existence will be at stake.
I am just an analyst. You may take this for what it is worth. You cannot refute the mathematics. They are completely real and factual.
Remember, the Titanic could have avoided the iceberg if the people on watch had done their jobs. Therefore, I say, "Iceberg, Right Ahead."
