11 Trillion $ Current National Debt, and Climbing...

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Presentation transcript:

11 Trillion $ Current National Debt, and Climbing...

Consumes more than 8% of the Federal Budget...

Would take 100% (est.) of 2010 GDP to pay debt in full...

Approximately $40,0000 for every man, woman, and child in the U.S....

Expect an Increasing Tax Burden... ❖ Income Taxes - Federal & State ❖ Social Security - Increase Tax or Decrease Benefits ❖ Medicare - Escalating Medical Care ❖ Other Taxes & Fees - Fuel Tax, Building Permits ❖ 2007 Tax Revenue approximately $2.4 Trillion

Debt is a useful tool... ❖ Good Debt: Education (Assets) ❖ Bad Debt: Lifestyle Living (Liabilities)

Risks to Business Operations... ❖ Inflationary forces (1942) ❖ Interest Rate Changes

Our Future... ❖ U.S. in 21 st Century similar to UK in late 20 th Century. ❖ China/Pakistan will become dominate Econopolitical Countries. ❖ Europe will plan a more prominent role in world affairs Million. ❖ US will Loose 2-Front Military Capability. ❖ US will need to act like a world partner similar to right after WWII.

Our Decisions......Affects our Futures. orThis...