US Ecconomy. Um..... I was talking to a friend of mine from the US, we were talking about gun control and things like that. A debate or conversation between friends. In the conversation she says to me. " Well our ecconomy is getting back on track so I think things will get better soon " I thought she was kidding. But was not. No, your ecconmy is not geting better, not at all....not even a little,in fact it is getting much much worse. I told her some things she did not know, that I thought all Americans would know, or be interested in. I will share here. All of this is fact, you can search it out to confirm. She mentioned " well jobs have gone up they say this on the news all the time " Yes...this is true....but in the public sector only. Public meaning any form of job paid for through tax generation. This is Military, Post office, Government agencies anything like this. these jobs have gone up yes...with higher incomes...yes. The public sector is still down, way down and no sign at all of going up....... but more signs of going down. The public sector, or anything in this range is where the tax money comes from to support the country infrastructure, and...paying for the new jobs. Interesting thing...did you know 1 in 5 public service jobs pay up to or over $100,000 per year. that has to come from tax revenue and collection and ...that sector is the hardest hit in your ecconomy As it sits now your Government spends $11 for every $7.00 dollars it makes in revenue or collected tax dollars ( income from all scources). Do the math. it borrows $4.00 for every $7.00.....think of that. She said " But the banks, all of them are recordning high profits now, so people must be doing more things, buying things and helping the ecconomy that way " No...the profits are up, yes, but not to banks lending. it is not people borrowing to buy things, this is the banks purchasing comodditys and securitys on the stock markets, and this is the gains at current from those securitys. But....it does nothing for your ecconomy, and these secuirtys themselves are paper tigers. meaning they look good on paper, but when things crash, so do their values. The debt is now ...give or take $16,.3 Trillion dollars.....trillion. 46 % of all the money that comes in, in the way of tax dollars must go to just paying interest on that debt. Big number. The best way I heard to explain this number.....is if you spent $2million dollars a day, from the time christ was born, till now....... you would still not have spent $16.3 Trillion dollars. What could be more ...alarming you might ask ..... is you have in future unfunded liabilitys ( this is pensions, medical and scocial gurantees, vetran benefits, health care things like this ) of over $100 Trillion dollars. ( Some anylysts who work the numbers says it is more like $200 + trillion )This is money, your goverment / country has to pay.....says it will pay, but can never pay. The math is not there to support it. To give you an other way to look at it...... Count every single person in the US.. kids, babys, everyone ...... $100 tillion = about $360,000 of debt gurantees for each and every one of you. Thats....big money... Anyway, Currently the US debt is the largest debt in the world ever by 70% She asked me " but they must have a plan to fix this " The cold answer is ...no they do not. The reason why ....is there is none. Or none that they have shared with anyone, or with any of the top anylysts anywhere. The plan is ...that they are looking for a plan...or they plan to get a plan. I sort of thought everyone knew this. I am not a " Doom and Gloom " person But...... when she asked me what could be done to fix it, I gave my honest answer..... they cant. They need a giant tax increase.... like gigantic.....but there is no longer the public sector increase to take it from...the country is taxed out. As I said the math is not there to support this. Things...as they are ...will keep getting much, much worse...and your dollar..one day soon will almost over night crash hard. How long would you last like this if for every $7.00 you earn you need to borrow every month to keep your self in the same life style you wanted...you have to borrow $4.00 extra dollars. each month, you are more and more in debt, the next month will be more, as you will need to now make higher payments. How long before your whole income must now go to paying your debt? think of it that way. That is what is happening. How else can things be fixed ? Maybe a massive new job influx......in the order of like 400,000 + new jobs of yearly incomes of $40,000 or higher ( to off set the current income tax needed) What will this do...... it will help......but will still be far short of a fix......this will only buy time, not fix the problem. Other answer is gertting your small buisness arm, up and moving, shit loads of new buisness with job creation. But no one has any $$ to do start ups and there is not much in the way of government programs to help...they are all tapped out. If I had the answer...well...I would be a very rich man, becuase somone would be buying up my idea, I do not have an answer. But......if I was a US citisen I would be talking to my congressman, or anyone I could find, and push for answers and push for solutions. I hope people will validate my numbers, this is all 100% true, if you dont know these things, look into it as it will affect you and your kids big time. Enjoy my comment / rant...or not. Have a good day.
Posted on: Wed, 21 Aug 2013 21:12:10 +0000