Did you know?

Did you know that as of September 2008 the national debt is $9.65 Trillion, that is over $31K per person in the United States! It is growing at a rate of $1.80 billion per day. Who knows that the deficit for 2008 will be with all of these bailouts (currently about $800 billion including the stimulus package). The Bush Administration estimated that the 2009 deficit will be $490 billion. I am sure that must be optimistic, wishful thinking with all of the bailouts yet to come.

On top of the budget deficit, we are currently running a current account (trade) deficit  of about $183.1 billion. All of that junk we buy from China and all of the foreign oil contribute to the trade deficit. To make matters worse, all of this debt has caused our dollar to become less valuable, which in turn causes the debt to rise, and so on.

What are our leaders doing? Nothing is the answer, at least not until the horse is out of the barn! Now they are running around like chickens with their heads chopped off, giving our tax dollars away to every crook (oops, I'm sorry, I mean banker CEO) who pleads for a bailout.

What does this mean to you and me? Well if you are planning to retire using the proceeds from your 401K, you can now plan on working until you are 75. Even the so called safe money market mutual funds are taking a hit. And the Neocons wanted to invest Social Security funds (aka privatization) in the stock market! Sure!

What to do? Well, we already got rid of one King George.