What is the National Debt: National Debt Videos
Have you seen how large it is? Some sites show actual numbers moving up by the second. Others say that each family owes nearly $100,000 a piece if we ever had to pay it back. Some say we are hardly able to pay the minimum payment or only interest on the National Debt. Some say the number is up to $9 trillion now and growing. Experts say you need to not only count that number, but you must count the under funded Medical, Social Security, Health Care, Pensions, stuff like that, that many feel like we won’t have money for when the time is needed. The 78 million baby boomers already started retiring this past year. Have you looked into how nearly 35 workers use to pay in to Social Security for each retiree, and how that number is expected to get down to 2. I just watched a video today that was about 45 minutes, it was very good, and I was amazed to find out it actually was recorded in 2003 when the National Debt was only 6 trillion. It’s amazing how much of it seems true in today’s economy with the banks, inflation, deflation, etc.
Here are the links to Part 1 through 5 on YouTube.
http://www.youtube.com/watch?v=30-WtZTH06o&feature=related
http://www.youtube.com/watch?v=zS2ZiDjZsF0&feature=related
http://www.youtube.com/watch?v=LeX4mc1JUmk&feature=related
http://www.youtube.com/watch?v=k3ZIXkWcoUI&feature=related
http://www.youtube.com/watch?v=AqOzXzAvlKE&feature=related
Check out The National Debt clock here:
http://www.brillig.com/debt_clock/
Check out more info about the National Debt here:
http://zfacts.com/p/461.html
Another 2 part video I’d recommend watching is one done by David Walker, who is essentially “the accountant” for America, he talks about this serious matter of how much America is in debt today and how fast it’s growing out of control.
David Walker’s videos can be seen on YouTube here:
http://www.youtube.com/watch?v=KIgrxpp97OQ&feature=related
http://www.youtube.com/watch?v=DXr_Ga_n0pY&feature=related
I think everyone needs to take this seriously, and count on only themselves for their own retirement and work on multiple income streams, monthly cash flow, and buying a house with equity. We all need to all pay attention to building wealth over the years based on the millions we’ll need by the time we retire. Please keep in mind due to prices going up and inflation, you’ll need more money then ever to retire some day. People work too hard in America and can’t continue to pay for the future rise in health care and drugs at the pharmacy. I will continue to provide articles to better educate yourself and improve your life towards success in all facets of your life as it relates to success.
You can search more about the national debt at google
If you have any questions about real estate ever please contact me ron@minnesotainvestors.com
