So, the US National Debt has broken 14 TRILLION DOLLARS !!!
That is $45,300 for each and everyone in the country.
People, this is insane that we have borrowed so much and yet our country is such a fuckin mess.
Unemployment and debt defaults are at record highs and we are in several un-winnable wars with no end in site.
Here are some of the pathetic and shocking stats:
US Govt debt was 5.6 trillion in 2000, now over 14 trillion, almost tripled in 10 years.
US Unemployment in 12/2000 3.7%, in 12/2010 9.1%.
US Mortgage foreclosures Q1 2007 239,770, Q1 2010 932,234, more than triple in 3 years !
The IRS code has grown in length between 1995 and 2005 by 18.9%, currently about 3,400,000 million words (the Bible is only 774,746 words).
Where did all this money go ? It went into the pockets of our greedy, corrupt, and incompetent politicians and their financial industry executive buddies !
Here are my suggestions to get us out of this mess:
We need to vote out ALL career Federal level politicians who have gotten us in this mess and get some fresh blood in there... Obama's health care package needs to be throw out and start all over...
The financial industry needs to be better regulated to prevent such a massive housing and debt bubble from occurring and bursting. Banks need to return to more prudent lending practices.
Consumers and private industry needs to stop borrowing and buying stuff they don't need and can't afford.
And while we are at it, dump the whole bloated income tax system and implement a flat or prgressive national sales tax.
OK, enough bitching, I am ready to watch some NFL football, Go Falcons and Jets (Hope they don't get creamed again in Foxboro) !
