OUR THREE KILLING DEFICITS by pat hines
Jul 02, 2015
What is the ( a ) deficit really ?
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
““buy now”buy now”
PAY LATER…
CALM BEFORE THE STORM?
I got some good newsI got some good news
MARKETS UP!
They were…
INTEREST RATES DOWN !INTEREST RATES DOWN !
They were…
THE CONSUMER DEFICITTHE CONSUMER DEFICIT
THE GOVERNMENT DEFICITTHE GOVERNMENT DEFICIT
THE LEADERSHIP DEFICITTHE LEADERSHIP DEFICIT
And I got some bad newsAnd I got some bad news
Nobody knows why the Dow dropped 345 points the other day!
“All of us were scratching our heads”
Well I’M NOT SURE…
BUT I HAVE A PRETTY GOOD IDEA…
WHY !
HOW ABOUT NO
SAVINGS ?
…AND P
RICES T
HROUGH THE R
OOF !
CAN THIS BE SUSTAINED
CAN THIS BE SUSTAINED ? ?
HAS THE STORM HIT ? WHERE DID WALL STREET GO ? Home Foreclosures Spike Credit Card Debt Ripening To Loss Major Consumer Sales Flop U.S. Economy Weak, Fed Finds Consumer’s Indulgence vs. Regret Consumer Debt Delinquencies SPIKE ! DENIAL & No Downside Planning WHO CAN I TRUST ?
THE GREATEST NATIONAL THREAT
TSUNAMI OF DEBT!
HOUSE HOLD DEBT PERCENTAGE OF HOUSE HOLD INCOME 100%
GAP CARRIED BY DEBT !
“OUR GENERATION”‘29
BUY NOW PAY LATER …
IS IT LATER THANIS IT LATER THAN
WE IMAGINE ???WE IMAGINE ???
The first arrow shows the The first arrow shows the first first wave…wave…
The second what is around the The second what is around the corner !corner !
LI
FT
OF
F
TRAQUILTY BASE…
THE PIGEON HAS LANDED
LIFT OFF !
BALANCE BUDGETBALANCE BUDGETREDUCE SPENDING REDUCE SPENDING INCREASE SAVINGSINCREASE SAVINGS INCREASE EARNINGSINCREASE EARNINGS
DEBT
IS THE GREATEST THREAT TO
TO OUR FORM OF GOVERNMENT
SHHH DON’T TELL IT IS ALMOST 10 TRILLION NOW
So what is a TRILLIONSo what is a TRILLION
If you were traveling at the speed of light you could circumvent theIf you were traveling at the speed of light you could circumvent the
Earth seven times in a second…Earth seven times in a second…
So light travels in one year 5.6 Trillion milesSo light travels in one year 5.6 Trillion miles
The Earth is 5.6 Billion years old The Earth is 5.6 Billion years old
A trillion seconds ago A trillion seconds ago
I WOULD SUGGEST WARON
DEBT
DEBT = DEFICIT
WHERE DO WE GET THE MONEY ?
NOT FROM OUR SAVINGS !
$9,000,000,000,000
Where will we get the money ?
FROM OUR PALS !
OF COURSE AFTER PAYING INTEREST…
WE ARE FACING VERY
ROUGH ECONOMIC SEAS
SPENDING REDUCTIONSPENDING REDUCTIONSAVINGS INCREASESAVINGS INCREASE
(TAX INCREASE)(TAX INCREASE)BALANCE BUDGETSBALANCE BUDGETS
LACK THE COURAGE TO FIGHT
THE DEFICIT
THE BUREAUCRATS AND ELECTED OFFICIALS
BUREAUCRATS BUREAUCRATS
HAVE NO INCENTIVE TO SAVEHAVE NO INCENTIVE TO SAVE
Our elected officials
…Spend their time getting reelected…
SUPPLICANTS TO SPECIAL INTEREST GROUPS
BUTBUT
WITH OUT A WITH OUT A REPRESENTATIVE REPRESENTATIVE
GOVERNMENT GOVERNMENT
WE ARE WE ARE
HELPLESSHELPLESS
FEARLESS DRIVE FOR THE TRUTHFEARLESS DRIVE FOR THE TRUTH FORCING POLITICIANS TO CHANGEFORCING POLITICIANS TO CHANGE WE MUST TAKE BITTER MEDICINEWE MUST TAKE BITTER MEDICINE
WE MUST REDUCE WE MUST REDUCE DEFICITDEFICIT
TAX INCREASES TAX INCREASES
ENTITLEMENT REDUCTIONENTITLEMENT REDUCTION
CAN NOT BE AVOIDED CAN NOT BE AVOIDED
YOU WILL DECIDE WITH YOUR VOTE
…is it dawn
Or dusk …
You will decide if we can right the ship…
Related Documents
