Archive | May 27, 2011
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This is not intended for those who follow these issues, but as a primer for a general public (especially Americans) who do not follow them, and in fact are not even aware that they are issues! Read on
Anyone aware of the US Government’s real financial situation knows that time is running out. The Government has $15.5 trillion in admitted debts but those debts, when calculated under Generally Accepted Accounting Principles (GAAP), or ‘honest accounting’, is over $70 trillion. $70 trillion divided by 300 million+ Americans works out to $233,000 per person in […]