The U.S. government has enormous money problems of its own. The government is much greater in debt than AIG (AIG), Fannie Mae (FNM), and who knows who is else could be next. The national debt currently stands at approximately $9.634 trillion, which is a mind-boggling number! What is also worse this huge number has grown four trillion dollars over the current Bush administration. Now, put into perspective the interest that we, the taxpayers must pay.
How About 230 Billion dollars a year!
Worse yet, the federal deficit for this fiscal year ending September 30 is expected to be in the range of $400 billion - close to the all-time high.
My simple question is where is this going to end?
There is only one way it can end. The only choice Americans have to make is whether they will allow themselves to get dragged down with the government, or cut their losses now.