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Something Different and Very Dangerous

Hi,

Every so often I try to take a break from the birds. (Correspondingly, what follows isn't from eBirdseed.com, but rather just from me.)

That being said, take a look at the two screen shots below...

400 2008 debt clock.jpg

400 2012 debt clock 2012-02-15_022841.jpg

Respectively that's where we as a country were in 2008 and now are in 2012 fiscally speaking... (Before anyone wigs out about, "Dubya did this!" or, "Obama did that!" understand that IMHO, both parties are culpable as Hades for this train wreck...)

That being said, what do those numbers mean? Well... A lot... We have taken an economic disaster that began under FDR (Social Security) and, by 2008, parlayed it into a cataclysm. And now, in 2012, it is virtually unspeakable, even by our "most wise" presidential candidates. Here are the facts no one will tell you:

  • Forget about the $15 trillion we call our 'debt'. That's roughly equal to our GDP (see second pic). While that isn't good, it's manageable in a sane world (not DC).
  • No, our 'debt' isn't the 800 pound gorilla... Look to the bottom right of the last photo -- that's $117,606,689,433,710; or $117.6 Ttrillion dollars... Those are our obligations to stuff like Medicare/Medicaid and Social Security, and there's no way to escape those obligations.
  • Of each dollar our federal government spends, $.40 is borrowed. Per day/week, we rack up $4 billion in interest payments alone.
Look, these numbers go on and on and on and on... (Just Google on 'David Walker' and brace yourself.) I'm not saying I know what's going to happen... But I just feel like we're getting into very dangerous monetary territory...

Nervous by the feeders...

CapeCodAlan

If you want to read more about this, google on: '"grand rants" trillion'.


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