FROG GIGGING IN A MURKY SLOUGH

With a little digging it is not too difficult to get a feel for the depth of the debt hole... the hole we are in. This is a snapshot of total current financial commitments of our country using government data. Public debt, the debt on money borrowed, is at 14.5T and rising. Private debt, the financial commitments to “we the people”: Medicare is at 24.8T, Social Security is at 21.4T, Government employee retirement/medical benefits is at 2T, Military retirement/medical benefits is at 3.6T, and Other is at .4T. Total private debt is at 52.2T and rising. The grand total of all Government financial commitments is at 66.7T, and rising... that’s Trillion, $66.7 million million dollars ($66,700,000,000,000.00). With typical near term yearly revenue of 2.2T and deficit shortfall of 1.3T (i.e., 2010 data), and a bleak ten year GNP growth rate of something shy of 2%, things are far from copacetic. Well... are there funds set aside to pay for these private debt commitments? We are frog gigging in a murky slough now. Medicare has had solvency issues since its fourth year of existence, is significantly underfunded, and totally dependent on high employment. Social Security exchanges its revenues for Government “Special Issue Securities”; the revenue goes into the General Fund of the Treasury, and the securities are redeemed for cash... if there is any, when needed. Funds for the other commitments are yearly budgetary line items based on “rosy” projections of the economy. It is simply too late no matter what we do. This is another Sign Of The Times. Isn’t it thought provoking the United States is not depicted in any Biblical eschatology... our demise must occur somehow? Life as we know it will soon be “No Mas”, disappearing as quickly as a house of cards can fall from the right poke at the right place... in God’s time. So what should we do? Rejoice! Stand tall in faith with heads held high, for our redemption draws near...

HELP IS ON THE WAY!