The global economy is teetering on an entire collapse. The Greek economy is just the tip of the iceberg. One in 5 people in Greece work for the government. The entitlement programs there have bankrupted the country and could spread to other EU countries such as Italy, Spain, and Great Britain. Spending in these countries and the United States is out of control.
To place things in perspective, 1 trillion dollars placed end to end would stretch 94,696,969 million miles. This is 1 million miles past the sun. The United States current national debt is 12.9 trillion dollars. If you made 50,000 dollars per year and donated it to pay off the national debt, it would take you 258,000 years to pay it off. The unfunded liabilities of Social Security, the Prescription Drug Program, and Medicare amount to 108 trillion dollars. This brings us to a total of 121 trillion dollars. Once again dollars placed end to end would stretch 8 billion miles past Pluto. If you drove that distance (11 billion miles), it would take you 20,928 years to get there.
The government solution is to spend more money!! How stupid is that! If your husband or wife said that they were overdrawn on the checking account and that the solution was to build a new house, buy two new cars and get a hot tub, you would have them locked up!
Fewer than 5% of the administration personnel have any business background. Pretty obvious don’t you think.
What is happening in Greece could eventually be our future unless the American people make a drastic change in Washington in November, and turn the country 180 degrees in the other direction. We need to cut taxes and repeal everything this administration has done, which includes TARP (Bush Administration), stimulus, Omnibus, and Obama Care. We need to fight Cap and Trade, ant the VAT (Value Added Tax) tax. Cap and Trade will skyrocket all energy costs across the country, and the VAT tax will crash the economy. The VAT tax is basically a tax on everything. The current VAT tax rate in Greece is 21% and is going up to 23%. Could you imagine that in addition to sales taxes and your income tax? The economy would come to a screeching halt. People would only be purchasing things that they need to survive. How could you live with taxes like that?
Our future is in the hands of the electorate. In the last year they have started to wake up. The Tea Party movement is a wonderful thing to see and I hope it continues to grow. I have faith in the American people and in our Constitution. I am eagerly awaiting the arrival of election day in November.