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I Understand Financial Projections - Do You? (Vol. 151)

Ignore them at your peril


OK, I admit it:  I am a numbers wonk.  But you do not have to be a wonk to read a financial statement and projection to know that this country is headed for the fiscal cliff.  In fact, The Department of the Treasury says it out loud:


The current fiscal path is unsustainable.


I know that is true because I have read the financial statements and projections.  If we stay on the same path, this country will cease to exist as we knew it at some point in the next 10 years.  For the sake of our country, our kids and grandkids, and all future generations, don’t let that happen on our watch.


That is why I ran the following ad in the Wall Street Journal on Apr 3, 2024:


BOTTOM LINE


Do you understand?  Do you care?  


Our representatives in Washington will not address this without public support.  This quote says everything you need to know: 


“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.”


Alexander Fraser Tytler,  a Scottish judge and historian, born in 1747, died in 1813. 


That is exactly what is happening right before our eyes.  It does not have to be this way.  This outcome can be avoided, if, and only if, we have the will to fix our ridiculous spending habits. It is up to us, We the People, to make this happen.


I am Cassandra - I can see the future:  hear me, believe me, for I know whereof I speak. 


LEARN ECONOMICS. THEN, VOTE SMART

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