America’s Ticking Deficit Time Bomb
Posted by Larry Doyle on September 10, 2012 8:35 AM |
A few weeks back as my son was preparing to go back to college for his second year we discussed the prospects for America’s future. As with many within his peer group, he is very interested in a wide array of social and economic issues of the day.
After touching upon some of these issues, I then directed his attention toward the clock just to the left of this commentary that runs every second of every day. That clock measures our collective level of indebtedness without incorporating the costs of our entitlement programs.
I informed my son that the compounding cost of the debt was nothing more than a choke hold on opportunities for him and all of those in his generation and other generations to come.
The hacks in Washington on both sides of the aisle who display little regard for these debts do my son, your children, and all of us a level of disservice that is indescribable.
Last week President Clinton informed America that managing a budget and the deficit is about arithmetic. What is the math game being played with our entitlement programs? It is spelled P-O-N-Z-I. Many a politician will continue to play the fear mongering that is core to the continuation of the Ponzi-style financing for our entitlement programs. Ponzi schemes ALWAYS fail and nations fail along with them. Who will be the adults in Washington and elsewhere who will introduce meaningful budgetary and entitlement reforms for my son, your children, and the future of America?
On that note, I encourage you to take the mere few minutes to view this clip which highlights the critical issues and numbers embedded within our nation’s deficit. Watch this clip and share it with your friends, families, and neighbors.
Politicians DEFINITELY lie BUT the numbers NEVER lie.
Tick, tick, tick, tick, tick . . . . (I encourage you to expand the screen so you can view the data and fully appreciate the impact of this clip)
I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.
This entry was posted on Monday, September 10th, 2012 at 8:35 AM and is filed under Deficit, General. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.