I have just published a new pamphlet that every citizen should read.
Why? Because our very future is in danger as a result of the fiscal insanity in Washington.
And Congress will not make the difficult choices without public support. That means us, we must understand the problem and let our representative know we want them to address the fiscal mess they have made.
Read the pamphlet here (it's also a free download on our website).
The pamphlet is 9 pages and will only take 12 minutes to read it all. Here is the text of the first page which explains why I am so concerned:
The United States is Bankrupt! Kaput. We are not OK.
I know what you are thinking. ‘I have heard this all before, so what is different today?
Appropriate question: Everything!
First, I am going to explain what is different today, and then go over the facts you need to know and why this matters to you. And most importantly, what can we do about it.
So please invest a few minutes to understand this because without your support the folks in Washington will not fix the problem. It is up to us, we the people, to understand this and send a message to our elected representatives - fix this mess while there is still time.
A key measure of financial risk is the ratio of debt to our economy, Gross Domestic Product (GDP) - over 60% is a warning zone, over 90% is the danger zone, according to a study by Reinhart and Rogolf of over 65 countries, over 8 centuries spanning 5 continents. (FYI, the Maastricht Treaty which created the European union in 1992 specified 60% as the maximum ratio, although none are following this criteria)
During World War II our debt to GDP exceeded 100%, the danger zone just like now. But after that we had 2 decades of fiscal responsibility and a rapidly growing economy, and that ratio dropped to under 40%, a very comfortable ratio. Today our debt to GDP ratio is 125%, well above the danger zone. But now the projections are for it to get worse, and worse, and worse, unlike the period after World War II - and these are estimates from the non-partisan Congressional Budget Office (CBO). It is projected to rise to over 200% over the next few decades. Our Ship of State, The USS Titanic, is headed directly at the iceberg.
No advanced civilization has ever survived debts like these.
If you are a concerned citizen and care about the very survival of this country, you need to understand this and then do something about it.
The issue is not hard to understand, but it is very hard to fix.
BOTTOM LINE
Please take the time to read this, and you will see the facts and the things we must address to survive. We cannot wait for a crisis to address this crucial problem, at that point it will be too late. So help spread the word by forwarding this to all your friends and contacts.
You can express yourself easily to your representatives by going to our website and Contact Congress. Just enter name and address and Send, it will take less than 1 minute.
Together we can get the country moving in the right direction.
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