Monty Pelerin's World

Economic, Financial and Political Analysis

Tag archives for Social Security and Medicare

41 Stats About The National Debt

An interesting set of statistics provided by Michael Synder The following are 41 statistics about the national debt that are almost too crazy to believe…. 1 – As of June 20th, the U.S. national debt was $14,344,524,186,068.19. 2 – 30 years ago, the U.S. national debt was approximately 14 times smaller. 3 – It took from the [...]

Read the rest of this entry »

A Year Ago — Spiraling to Bankruptcy

bankrupt_wof

A year ago (November 28), a very popular article was published under the title of “Spiraling to Bankruptcy.” The article understates the financial obligations of the Federal government only one year later. Some estimates range as high as $200 Trillion. The real number is somewhere between $100 and $200 Trillion. No matter, the mathematics were [...]

Read the rest of this entry »

Governor “Wrecking Ball”

christie_headshot-cropped-proto-custom_2

Governor Christie of NJ is a breath of fresh air. His “take-no-prisoners” approach is what must occur in every state in this country. Likewise, it is what has to happen at the Federal level. If you are dependent on government, use what little time you have left to get off your butt and start generating [...]

Read the rest of this entry »

Spiraling to Bankruptcy

If the Government confiscated everything, the social programs would still be $50 trillion short and the Government would still be bankrupt. Furthermore, no company or individual would be left with anything. The economy is in bad shape. Some say it is worse than any time since the Great Depression. I believe it is actually worse [...]

Read the rest of this entry »