Welcome To The Bear Facts Specialist Report Informational Website
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Welcome To The Bear Facts Specialist Report Informational Website
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Ladies and gentleman, this page is dedicated to educating investors and common individuals to the ever mounting debt being sustained by the nation. This great nation has not seen a surplus on its balance sheet since the 1956 / 1960 Eisenhower Presidential Administration. That's right, it has been 49 years since this country has owed no money to anyone. The current administration has seen fit to expand the Federal balance sheet by leaps and bounds to supposedly fend off the wolfs by the door that were going to eat the financial sector, the insurance sector, autos and others. What they have done is put in place the worst possible scenario, they are forcing you and I and our children and grandchildren to pay for their foolishness for the next 40 to 50 years. I don't make these statements without proof. The National Debt clock link below will show you just how bad off our situation is and what it will cost each individual in this country to fix. For example, the U.S. National Debt exceeds by $2 trillion dollars the U.S. Gross Domestic Product. U.S. spending is 2 times the U.S. Tax Revenue taken in. The current budget deficit is 13.5% of GDP. This number should never exceed 3 to 5%. U.S. bailouts which have a less than 50% chance of being re-paid equal $11.9 trillion. The average American carries $24,100.00 in debt. U.S. under funded liabilities such as Medicare/Medicaid, Social Security, and the Prescription Drug program are owed $59 Trillion. That is $192,000.00 per person at current rates and increasing by the minute. These are staggering numbers and they don't even include the potential costs for the new Government Health Plan should it pass. I don't incorporate politics into my website because it is a non factor in the market place. However, as investors the amount of debt this country is accumulating is going to cost all of us dearly in taxes if we don't change the current administrative powers to be in Washington and put this country back on the road to prosperity. The choice is yours, after viewing the numbers below and seeing how much it is going to cost your families now and in the future decide whether you want the same politicians in office after the November elections are completed that are ruining this great nation or is it time to have a "voters revolt" and replace them with individuals who will actually listen to the average citizen. To access the continuously updated "National Debt Clock" click on the link below. To close the window and return to this page simply click the back arrow on your Internet browser. Richard W. Wendling 09/13/09 |
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Last modified: March 12, 2010
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