Today I will continue sharing information from him and talk about the third trend…
The National Debt
The U.S. national debt is so bizarre that it is hard to know whether to laugh about it or cry about it. The following are some quick facts about the U.S. government’s massive debt problem that will wipe any smile from any politician’s face. – As of December 1st, 2009, the official debt of the United States government was approximately 12.1 trillion dollars.
– To pay this 12.1 trillion dollar debt would require approximately $40,000 from every single person living in the United States.
– Now the U.S. Congress has approved an increase in the U.S. government debt cap to 14.3 trillion dollars. To pay this increase off would require approximately $6,000 more from every man, woman and child in the United States.
– The U.S. government’s debt ceiling has been raised six times since the beginning of 2006.
So how hard is it to spend a trillion dollars?
If you spent one dollar every second, you would have spent a million dollars in twelve days. At that same rate, it would take you 32 years to spend a billion dollars. But it would take you more than 31,000 years to spend a trillion dollars. We could do the same kind of list for most of the world’s industrialized countries.
Here’s the thing though…
Millions and millions of people are beginning to wake up to the reality of this “transitioning economy.” Governments are going to be forced to cut expensive social programs. People are losing faith in governments.
I don’t mean to make the future seem bleak or anything. I want to wake you up though.
The rosy red pictures and happy words that you hear on the news are false. They’re the bad guys.
They want you to believe that the world is recovering and everything is fine… But it’s really not. Not at all.
Later, I’m going to talk about the last trend that’s going to have a dramatic effect on your life in the next 5 or so years… And after that, we’re going to talk about what you and I can do to fix it!
Info from Jay Kubassek shared with you by
Dr Jill, Senior Marketing Consultant