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Think Economy is Moving in the Wrong Direction (Vol. 114)

And 76% Disapprove of Congress - it is time to do something about it



Our economy is headed over the Fiscal Cliff; if you don’t get that yet, you haven't been reading my warnings. Here is a simplistic recap:


The Problem:


Current Interest-bearing Federal Debt: $32,000,000,000,000 - $32 Trillion dollars.


Total Federal Obligations at Sept. 30, 2022: $122,000,000,000,000 - $122 Trillion dollars (including unfunded obligations of social security and medicare).


Current annualized interest expense: $888,000,000,000 - $888 Billion dollars (annualized average of last 3 months data).


CBO projected interest-bearing debt in 2033: $51,000,000,000,000 - $51 Trillion dollars (If there are no new spending programs).


Estimated annual interest expense in 2033: $2,000,000,000,000 - $2 Trillion dollars.


This data comes from Federal government reports.


The Current Fiscal Path is Unsustainable’ - Quote from last Treasury Department Financial Report


Apparently many do get it. Only 30% of this country thinks we are headed in the right direction, and 76% disapprove of Congress.


But Complacency is killing the goose that laid the golden egg. See No Spin #80, Complacency, The Death Knell for America (link).


BOTTOM LINE


Your voice DOES matter, so don’t just sit there, ACT. ACT NOW.


Our Country is in danger of failing if we do nothing. We inherited a Country that worked; shame on us if we leave to future generations one that is broken.


Speak up. Speak out. let your voice be heard and let our representatives know if they do not fix our fiscal nightmare, we will vote for someone who will. That will get their attention.


One simple way: invest one minute and go to our website and Contact Congress. A message is already there, or write your own. It is easy but you must do it. Click the link below now!


LEARN ECONOMICS, THEN VOTE SMART

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