Debt Clock

Check out the link for real time national debt.
US debt is 12 Trillion plus and averages out to $40,174 for each citizen (NOT taxpayer, just citizen, includes children and retirees, and other unemployable persons).
Personal debt per citizen is $53,967 (cars, credit cards, etc).
Social Security, medicare drug part D, medicare average out to $348, 322 per citizen!!!

Total liability/debt per citizen equals $442,463!!! For a family of four, that's $1,769,852 (that's B, billion - more than most families will make in a lifetime!). We're Broke!

Now do you understand why we have to cut spending? This cannot continue. How does a nation go bankrupt? It prints more money (inflation!), taxes the heck out of us, or defaults (doesn't pay back) on the debt (the world will not value our currency or us as a nation that doesn't agree to pay what it owes. How could we be trusted with peace treaties?). Some speculate we will pay debt by giving away our property (to China)! Probably all of the above will happen unless you demand to stop the spending!

Look at the most debt. It's not the 12 trillion the news has been hyping (as horrible as it is). It is the social programs! Incidentally, the constitution does not authorize the federal government to do this "redistribution of wealth". The states hold that power, if they so choose. We must solve social security and medicare. We must cut benefits for our nation to survive. But let no person be left behind! How? Personal charity, the way Jesus did it. I believe in the greatness of Americans as the most generous people. We will step up to save our own, because we do it for poor countries all over the world whom we don't know personally. How much more will we help when it is our friends, family, and neighbors?!

How does this affect us at the state and local level? The taxes and devaluation of our currency, and inflation will hinder our ability to spend money for any reason (salaries to new projects). We must be extra vigilant in guarding our finances. We should not be tempted to tax more as our coffers decrease. What you tax decreases and you end up getting less! The key to increasing government revenue is to lower all taxes and not provide any loop holes, but tax everyone equally. We should prioritize spending to essential government functions such as police, fire departments, road and building maintenance, and ambulance service. Safety first! In addition, we should consider not accepting any federal funds that have strings attached. As we focus on a business friendly community, jobs will increase and let us lead the recovery.