by Dewy Morris

Created on: October 17, 2008

The worst financial fiasco since the 1929 depression that would make that era look like a Sunday school picnic made its ugly debut on the world scene September 18th 2008. The meltdown as our Washington boys call it is already into the "Trillion" dollar range and still counting. Some believe it could very easy reach or go beyond $5 Trillion dollars! The national debt is already at a whopping $10,299,780,311,330.40 and continues to grow at $3.37 billion per day! It is estimated that every American Citizen's share of this humongous number is $33,778.85 that's more than the average annual salary of most hard working middle class people make. (This information was gathered from a web site "U.S. NATIONAL DEBT CLOCK" and does not necessarily reflect the opinions and reviews of the author) At what is reported on the news media and coming from the political correctness peanut gang out of Washington I wouldn't doubt it one bit! The debt clock which is located in New York City, NY has run out of numbers and they are going to have to build new one just to keep up with the debt calculations. Gee can you imagine that we can't even make a calculator that can add up the total amount of the outrageous spending of the tax payer's money by the US government.

I don't even think that the Wall Street bubble gum chewing pencil behind the ear paper shuffling guru's of the financial sector can top that one! Lehman Brothers Holding, Inc. that started the whole fiasco was crying out to Congress for a bail out while at the same time behind closed boardroom doors Mr. Richard S. Fuld, Jr CEO was stuffing millions into his socks and the socks of the other executives, even George H Walker a cousin of President George W Bush just happen to have been a Global Account Executive and had his sock stuffed! Atta boy George!

Here is the way I see it as it stacks up against the average American Joe and Jane in terms of their debt that they have incurred during their lifetime which includes the very necessities of life- a mortgage, a car note(s) one for each spouse, utilities, insurance, gas for 2 cars, child care for the children because mom is too busy working to help make ends meet to care for the kids, credit cards because they don't have or make enough money to pay cash for food, clothing and entertainment let alone a nice 2 week family vacation at Disney Land. Did I say vacation? What a refreshing idea to get away for a while from the slavery of working so we can give more money to the government

• 1
• 2
• 3
• 4
• 5
• Next Page >>