Sometimes the truth is ugly and nobody wants to hear it. Ignoring the truth is what got us into the current budget deficit mess and the insurmountable national debt we now face as a nation.
Hope is a remarkable thing. Hope that our actions will pay off keeps us working toward the goal and it generally pays off.
False hope, on the other hand, causes us to work toward solving a problem which is impossible to resolve. Because we fail to recognize it can’t be fixed, we keep working and hoping and can’t understand why our exertions aren’t achieving the goal. False hope gives us an incorrect view of the possibilities and ignores reality, leaving us unprepared when the feces finally hit the fan. Our teachings from the cradle to the grave to never give up, only make the problem worse.
The national debt and deficit spending by Congress is just such an unsolvable problem. Congress gladly stokes the fires of our false hopes and keeps us distracted from reality. We come up with back-of-the-envelope solutions on how to eliminate deficit spending, yet almost none of us have looked at the actual budget numbers, or tried to work the math out. How many of us have tried to understand the budget deficits by outlining how we would personally balance the budget if we were granted the power? Doing that would give each of us a better understanding of reality and what’s possible and what isn’t.
In this article I’ll move from a back-of-the-envelope analysis to a spreadsheet analysis. I’ll present the hard numbers, taken from the 2025 federal budget, to show why budget deficits are way past the point of being controllable, and why the national debt can only continue to grow exponentially. Then I’ll present a few ideas on what we as individuals can do to prepare for the inevitable financial catastrophe that awaits our nation.
How ready will we be when it happens?Continue reading“Prepared For Financial TEOTWAWKI? – Part 1, by St. Funogas”
