Stock your pantry and stack your ammo!
Thursday, November 19th, 2009Here’s some not very cheery economic news I just read at money.CNN.com:
“. . . More than half of the $9 trillion in debt that Uncle Sam is expected to build up over the next decade will be interest.
More than half. In fact, $4.8 trillion.
If that’s hard to grasp, here’s another way to look at why that’s a problem.
In 2015 alone, the estimated interest due – $533 billion – is equal to a third of the federal income taxes expected to be paid that year . . .”
I wonder if emigration from America to more financially stable countries is going to increase over the next several years? China might be a good place to go. Just kidding! I think Americans will stay put, but we are going to be in for one hell of a financial awakening in a few years.
Stock your pantry and stack your ammo! You’re probably going to need both.





