The Massive Debt Bomb Threatening You And Me

You and I are under an enormous threat and practically nothing is said or done about it. The U.S. government runs annual deficits of $1.4 trillion as it hemorrhages red ink. It costs over $200 billion a year just to pay the interest charges on that skyrocketing debt and that's at interest rates near zero.

What happens when interest rates rise beyond the near nothing they are now. Could the annual interest on the debt jump quickly to a half trillion dollars? To a trillion? Of course, if investors get nervous and demand premium rates for their money.

As they watch the President and Congress actually CUT TAXES, not expenses, they are growing nervous. Meanwhile, they see the amount of the debt itself is soaring.

As interest costs skyrocket, where will the money come from to pay for Medicare? Medicaid? Social Security? Education? Military? These will all be slashed severely while taxes will be raised sharply.

As Americans we can sit back and do nothing about our government's gross financial irresponsibility and watch everything we've worked for be jeopardized for if this is allowed to continue our dollar will eventually collapse in spiralling inflation. That is what happens when nations print money to pay their bills.

Or we can raise our voices, confront our problems now and solve them. Politicians consider this approach to be political suicide because it will involve some sacrifice. But it will ensure our nation's financial future and provide a far better tomorrow for you and me and our families and for our brethren throughout the world.

Dick