The Looming Financial Nightmare: So Much for Living the American Dream

John W. Whitehead, Constitutional Attorney

“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” ― Frédéric Bastiat, French economist

Let’s talk numbers, shall we?

The national debt (the amount the federal government has borrowed over the years and must pay back) is $23 trillion and growing.

The amount this country owes is now greater than its gross national product (all the products and services produced in one year by labor and property supplied by the citizens). We’re paying more than $270 billion just in interest on that public debt annually. And the top two foreign countries who “own” our debt are China and Japan.

The national deficit (the difference between what the government spends and the revenue it takes in) is projected to surpass $1 trillion every…

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By Kenneth T.

My blog, My way Welcome to a little piece of my life. Here you will find things concerning my everyday experiences and or my thoughts on everyday happenings. For instance you may find thoughts of my Farmstead, which is as my wife calls it, our Accidental Farming life. Perhaps on a whim, I might just jump on a soap box about what's going on with my crazy family (the immediate one, that is).~You don't need to put a penny in the coin slot for any commentary there~ You may find, new additions to what I call "Hobby-time". Ahh yes, my hobby... I make pinback buttons (some call them badges). Sorry for the shameful plug ;-) *** And then there is the outside the box or "Offtrack" thinking, part of me. Which can be anything else from aliens to the zoology of the Loch Ness monster, but will probably be more mundane as health concerns, for instance, to vaccinate or not. Is the Earth Flat or is it Hollow? Is there a dome? Is any of it real? Do you really want to know? Police brutality and the continuing corruption of established government, Big Business, Big Oil, Big Brother. Can we survive? Should we survive? The coming montrary collapse. There is so much going on, more then we see outside our windows.

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