As most conversations do nowadays, we eventually drifted into political talk and the state of the economy, and everybody pretty much agreed that things were dismal. On the way to this lunch, I heard on the news that the state of California was hanging on by its chinny chin chin and facing a $20,000,000 shortfall. That's almost $500 for every man, woman, and child in the state! That is kinda scary until you look at the Federal numbers. With the national debt hovering around 10 trillion dollars, if we divide by a population of 308,499,166 that comes to about $32,950 for each of us!
Do not fear. The U.S. census bureau also estimates that we gain, through natural birth/death ratios, 1 new person every 24 seconds. At that rate, if we can just hang on for 7,375 years and 7 months, the population will expand so that we only owe $1,000 each? As if that was not enough "light at the end of the tunnel," the census bureau also estimates that we gain 1 "International Migrant" every 37 seconds and that has the potential to decrease our "In Debt" time to just a mere 4,375 years, give or take a day or two. Of course, this is all assuming that those "International Migrants" pay their fair share and that there is no interest accruing on the debt. Now the tunnel light is almost blinding isn't it?
It gets even better. At the rate our government is printing money, we will soon see double or triple digit inflation that will make pre-war Germany's inflation look like a blip on the economic map. We will have to bring back the farthing and half cent because that's what your dollars are going to be worth. See! Things are not as bad as they seemed. You should be able to pay off your debts with worthless greenbacks! Oh, wait a minute. Their not even greenbacks anymore are they.
If you never do anything else in your entire life, vote them all out in the next election.
1 comment:
Mr. Henderson I like your blog and have went over your numbers and found them to be just a little fuzzy and disturbing But hell your not claiming to be a mathematician like those in Washington. However we get your point and I attend to take your advice and get more involved with a community organization that takes responsibility and helps those that have worked all their lives get food and clothing and help with there utility bills and medical like the ones who were raised to not do anything and cry out for help. We reward those who do not contribute to society and ignore those who pay there taxes. This Robin hood mentality is the Obama way.and yet I do not agree this is the way to ask for change.We have been a nation of giving to all the world and what do we get is a world now not a nation of welfare hand outs.and no appreciation for it. It is time to get back to basics and take care of our country.
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