by Rick Lowe (http://www.weblogbahamas.com)
According to the US National Debt Clock, each citizen in America owes about $192,000.
Frightening indeed.
by Rick Lowe (http://www.weblogbahamas.com)
According to the US National Debt Clock, each citizen in America owes about $192,000.
Frightening indeed.
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I think that is combined private and public debt? as in Each Citizens % of Nat’l debt is about $38,000,the bal. being private
Compared to the Bahamian per capita nat’l debt of around $10,000. Who on earth would even know what the average Bahamian citizens combined debt is?
Difference is, they have some natural resources we have……..
This is not a clock, it is a financial time bomb.. Financial terrorism sponsored by the Federal government of the United States.. The American money game is coming to a crashing climax.. The new administration in Washington is a ship of fools.. They sure scare the hell out of me.. This is what happens when you have inexperienced leadership that does not know left from right.. But then they all are on the far left anyway.. For the Bahamas, we are just hoping for safe passage on the ship of fools..
I think you are right Tradewinds, inexperience & a far, far left socialist agender.He scares the hell out of me to.
A COMMENT AND AFTER THOUGHT: The $38,000 or $38,166 as shown on the time bomb debt clock represents the the per capita calculation of the Federal National Debt.. Or the amount of debt for every individual citizen of the United States.. It does not include private or municipal debt.. What is more frightening is that the calculation for entitlement liabilities does not include Federal Employees or Veterans Benefits.. That figure is over $100 trillion and growing.. On a per capita basis for ever living man, woman and child on planet Earth (6.5 billion estimate), that works out to be about $153,840 for every citizen of planet Earth.. The larger the Debt, the greater the Deficit, leading to dramatic decline in the dollar’s value.. Hope the Central Bank of the Bahamas takes note.. The time bomb just keeps on ticking..
And the ticking just keeps getting louder & louder