Warning: Debt Disaster Ahead
In an interview on August 25th, 2010, a top executive at the well-known credit rating agency Standard & Poor (S&P) gave a stern warning to Congress: pay attention to the recommendations of the President’s debt commission–or else.
You see, right now the US has a credit rating of AAA; that’s a bit like having a perfect personal credit score (aka FICO score) of 800.
But–just like your credit card company would be worried if you charged 10 new flat screen TVs and didn’t pay the bill–credit rating companies like S&P and Moody’s have become increasingly uneasy with the US government’s balance sheet.
It’s not difficult to understand why: The federal government is currently accumulating over $1 million in new debt every 30 seconds. In the time it takes you to read this news update, another $4 million will be added to the country’s debt.
The situation gets even worse in the future. As the above chart demonstrates, the amount of money the government has to spend is growing far more slowly than the rate at which Congress is spending it. The consequence: a shocking $674 trillion national debt awaits the US at the end of that chart.
This disastrous spending path is the reason why both S&P and Moody’s have warned us multiple times to get our fiscal house in order.
If we fail to do so, the consequences for you and your family couldn’t be more serious: money in the bank and savings will be worth less; take home pay will be lower because of higher taxes; and promised benefits will be slashed as the glide path of entitlement reform becomes a cliff (Click here to learn more about the personal consequences of the debt).
Read the original story at Defeat the Debt
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.