Monday, April 20, 2009

Want to See Something Really Scary?

This is even scarier than some of the Oklahoma City steroid pictures I've seen posted today.

This is a graph that shows first what our federal deficits have been since 2000, and two versions of what is expected this year and beyond to 2019.

Actions have consequences, and there are three possibilities. 1) Taxes must be raised or there will be no private capital available for lending; 2) Money must be borrowed from overseas to finance our spending, and/or 3) printing presses run overtime, inflation rages out of control and our currency collapses.

In reality, there will likely be a bit of all three scenarios involved. The only real solution would be to dramatically cut spending to essential services and pray that we survive the Depression which follows. It is the only course of action that gives us a fair chance of saving our Republic.

Why do so few people see this?

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