Monday, February 16, 2009

Are We Heading Toward Financial Armageddon?

What if you woke up tomorrow and saw a headline in your local paper that said this: U.S. Government's Financial Obligations Exceed the GDP of the Entire World!

Would you spill your coffee all over yourself? Possibly soil yourself? Choke on your bagel?

Well, it appears our federal government's total financial obligations are now at an eye-popping $65.5 Trillion.

Yes, you read that right. That is Trillion with a T.

Just take a bite and chew on that one for a moment. Feel like reaching for the Tums? Planning to be at your local liquor retailer later, waiting for him to unlock the door for the day's business?

Jerome Corsi at WorldNetDaily has come across some very interesting information regarding the unvarnished truth about the deep financial dog-squeeze we are truly in as a nation, which you can read all about here.

I urge caution here, because you are not going to like what you see. Here is a little blurb:

"The federal government is bankrupt," Williams told WND. "In a post-Enron world, if the federal government were a corporation such as General Motors, the president and senior Treasury officers would be in federal penitentiary."

It appears our government has not been exactly, a'hem, forthcoming about just how deep in the poor-house this nation actually is right now.

Mad yet?

Looks like it is going to be one hell of a train wreck.


Donald Douglas said...

I hope we're not headed for a total meltdown. Man, the housing market's pretty bad around my neighborhood, but both my wife and I are not too worried about our jobs.

Keep in touch, and drop me a commnent when you write a bang up post...

Dave said...

Mr. Douglass,

When that "bang up" post pops out, I'll be sure and let you know.

For now I am just trying to get my writing skills back up to par, really.

My problem is that when I am not busy on the job hunt, I am spending most of my net time at NewsBusters chasing down trolls and hanging out with my friends.


When liberty is taken away by force it can be restored by force. When it is relinquished voluntarily by default it can never be recovered. -Dorothy Thompson