Debt Relief & Management

We have currency and credit derivatives of over 644 trillion dollars? What are these? What does it mean? I have no idea. We have interest on our debt of over 604 billion dollars a year as of now, but it is expected to be at least 1 trillion dollars a year by 2018. Medicare fraud just this year alone is over 38 billion dollars. Our budget deficit this year to date is over 1.2 trillion dollars. Our total unfunded liability per person is $191,832, and that is for every man woman and child. I’m not sure if that includes illegal aliens or not, all I know is that I haven’t got it, and neither does our government.

The democrats and republicans have dug us into a hole that we will never escape from. If you get to ask your representative something at a town hall meeting, then ask them this. Ask them under what scenario do we pay this debt off? Ask them just how will this magically happen. Will they somehow obtain the political courage to do something that they have for all of these years not have the courage to do?

Have them explain to you just what their plan is. You might want to tell them that using IRS data from the year 2006, if they were to collect 100% of all the income from every individual earning over $500,000 a year, then that would only amount to 1.3 trillion dollars. There is not enough money out there to pay for all of this stuff unless they massively tax us regular folks to death.

Which I believe is their plan, to tax us all to death. Well maybe not to death, but until they control everything that we do. And if they do that, then in my opinion, you will be better of dead. Like they say, better dead than red.

So by now you are probably wondering how do we fix this problem. What is the solution? I would say that this spending problem will never be solved until the politicians fear being thrown out of office for bringing home the bacon. So what I am saying is that it is up to us. Next time your representative brags on his newsletter about how he got money for this local project, or for that local project, send them a letter saying that we are broke, that we have no money, that we are hocking our grandchildren up to their eye balls and that you are not going to put up with it any longer. Tell them that you are going to vote against them, and that the reason is that they are bringing home the bacon, the bacon that we don’t have, the bacon that we are borrowing from China.

Until this happens, until we the people change, there will be no change, and we will just keep sinking further and further into debt until the entire system fails. What this failure will look like, and how exactly it will affect us, I have no idea, but I believe that within our lifetime we will find out. Things are happening fast.
jbranstetter04

Duration : 0:5:24

Read the rest of this entry »

Related Articles

1. Bringing A Car Into Canada …
2. Internet Marketing Opportunities: "Flipping Content For Profits" - How To Turn Old PLR Ebooks And Articles Into Instant Paypal Cash! (Master Resale Rights) AAA+++ …
3. Everything Personal Finance in Your 20s and 30s: Erase your debt: personalize your budget: and plan now to secure your future (Everything Series) …

Trackbacks

1. Looking For Investment in Forex Market? Note This Before Investment …
2. Buying A Boat: New: Used Or A Twenty Year-Old Classic: Is Not Something To Rush Into …
3. Ace Debt Relief Offers Homeowners Strategy to Quickly Pay Off Mortgage …
4. Mortgage debt may be forgiven - St. George Daily Spectrum …