Are you aware that the current Federal debit is more than 8.7 trillion dollars in the States?
And the number is increasing rapidly day after day!
Are you aware that we are borrowing money and passing the bills on to our grandchildren?
It’s not a fiction story. It’s a shocking inconvenient truth!!!
I watched this documentary called “ I.O.U.S.A” last weekend.
I knew the growing national debt, but I certainly didn’t understand fully about its consequences.
In this documentary, it addresses the four serious deficits (budget, savings, balance of payment and leadership) in this richest nation in the world.
The citizens and Federal government obviously do consume more than they produce.
It may look ok in short run.
But it would eventually result a major catastrophe in the long run, if the nation only depends on the foreign investors to finance our debt.
Let me put it in simple way,
You may able to keep buying things for having better life on credits, even that you are spending more than you are making.
You have no savings. And if one day the bank decides that you should pay all the money you owe them.
What will happen next?
You will lose everything you own and you are finished.
Therefore, my dear American friends please take time to watch this documentary as a wake-up call and share it with all your family and friends.
This nation can’t afford the fiscal meltdown. The actions have to be taken before it’s too late!!
