New Stock Market Alert – The Bear Market had to be over…Right?

New Debt Tip – Night Line Busts these Debt Settlement Scams

The news is constantly reminding us that the Government is running up enormous levels of debt. A client of mine sent me a link to the US Debt Clock. In his e-mail, he described the site as “very telling.” Actually, it is downright frightening. This site calculates to the second all of these disturbing numbers that will haunt us and future generations for the rest of our lives.

As I watched all of these numbers increase, I began thinking about the job of a President and the most powerful career politicians. They can run up the U.S. debt for their own agendas because there are no consequences for them or their future.

Presidents and the most powerful of politicians will never experience the consequences of their actions. For instance, do you think that any one of these politicians will ever be on a waiting list because of the up and coming government run health plan? Of course not – What it would be like to do whatever you want and never reap the consequences?

Anyway…here are some stats:

Total U.S. National Debt…………………………11.6 Trillion
Average per citizen……………………………….37,861 per citizen
Dollars in Bailouts……………………………….11.8 Trillion
Estimated Medicare Fraud year to date……….34 Billion
U.S. Private Debt………………………………….7.2 trillion
Credit Card Debt………………………………….983 Billion
U.S. Debt per citizen………………………………23,675
Number of Foreclosures thus far in 2009……..1,271,043
Number of Bankruptcies thus far in 2009………611,310

The Scariest Number of All – the total amount of future liabilities (expenses that will come due in the future with no money to pay for it)…$57 Trillion Dollars

Maybe we could take away some of the benefits that these politicians get to pay for some of these expenses.

Tags: bailouts, Bankruptcies, Bob Brooks, credit card debt, Debt, Deceptive Money, foreclosures, future liabilities, Government, health plan, national debt, politicians, President, Prudent Money, US Debt Clock