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Running Out Of Financial Road

Monday, July 24, 2017 18:35

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Via David

There’s an expression: Kicking the can down the road; defined in-use:

If you kick the can down the road, you delay a decision in hopes that the problem or issue will go away or somebody else will make the decision later.

Few things more beautifully exemplify the application of this phrase than its applicability to government finances.

THE STARK FACTS

From the website US Debt Clock, we’re pushing $20 Trillion in debt. Think about that for a second. Put it in scale: a million is a one with six zeros after it (10⁶); a billion has ninezeroes (10⁹)… a trillion, twelve zeroes (10¹²). This is just the US government’s debt; not states, not cities, just the feds. And are there any world governments not in debt, and with aggregate amounts that likely dwarf the amount of wealth in the world? Consider this report: Global debt reaches US$ 217 trillion.

More @ Obamasez

Source: http://freenorthcarolina.blogspot.com/2017/07/running-out-of-financial-road.html

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