The financial world we live in is just as wild, if not more, than the mountains and woods we walk through. We are told that the fundamentals of our economy are strong, but we can feel that something is wrong. My unique financial background and survival passion make Financial Survivalist and excellent place to learn and share.

Wednesday, September 5, 2012

$16 Trillion in Debt!

3:33 PM  , , , ,  No comments


I remember when I was freaking out over $15 trillion in Bloated Government Debt. Now we are at $16 trillion? This is insane. Just to give you some perspective of how big $16 trillion is.

1 million seconds = 11.5 days.
1 trillion seconds = 31,709 years.
16 trillion seconds = 507,344 years!

I think that says it all!

Government cuts are not a moral issue, they are a inevitable necessity. Either we make cuts and get our spending in check or we all go down the drain and we can't help anyone!

But wait! We can raise taxes! Ever heard of the Laffer Curve? Raising taxes doesn't work! However, every time the government has lowered taxes, every time, tax revenues have increased.

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