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Is America Going Broke?
by Kerby Anderson



An economist writing for Forbes magazine asked a scary question. It was: "Is the U.S. Going Broke?" He pointed out that the federal government's takeover of Fannie Mae and Freddie Mac represents a major financial challenge. After all, these two institutions issue 70 percent of the mortgages in America. "Their failure would have triggered a complete meltdown in housing and financial markets." So now the government is on the hook for $5 trillion if you consider the corporate debt that is owed and the mortgage debt that is guaranteed.
But $5 trillion is effectively pocket change when you consider the real liabilities that are facing our government. He estimates that is on the order of $70 trillion. I have seen others estimate that amount at anywhere from $50 trillion to as high as more than $90 trillion. Let's for the sake of discussion use the $70 trillion figure.
The $70 trillion figure actually represents the fiscal difference between the government's projected spending obligations and all its projected tax receipts. "This fiscal gap takes into account Uncle Sam's need to service official debt—outstanding U.S. government bonds. But it also recognizes all our government's unofficial debts, including its obligation to the soon-to-be-retired baby boomers to pay their Social Security and Medicare benefits."
When we are talking about such large dollar amounts, it is hard to put this in perspective. Let's focus on the challenge that the baby boom generation creates. There are approximately 78 million baby boomers who will be retiring over the next few decades. Each of them can expect to receive approximately $50,000 each year (in today’s dollars) during their retirement. OK, so let's multiply 78 million by a $50,000 annual payment and you get an annual cost of $4 trillion per year.
Time is quickly running out to deal with these financial challenges. Will the next president and Congress seriously address these issues? We will see, but I must admit that I am skeptical. I'm Kerby Anderson, and that's my point of view.



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Interesting article and it would 'appear' America is going broke but I'm not sure whether or not to rely on this economic information as 100% truth; Two way's to look at it: 1. America is about to fall and our King will come and rescue us all shortly after or 2. It isn't truth it is part of the enemies scheme to make us "think" America is going broke, just to 'see' how it will affect those of us who truly believe and absolutely rely on our Heavenly Father. Either way, I wouldn't let it make you fall
The more this world decreases the more it is showing that we're not very far from Thy Kingdom Coming...This world will pass away, that's a Scriptural fact, but provided we stand upon the ROCK we will remain unmoved.

The other option is to line us up against a wall, blindfolded and shoot us....problem solved.

Matt 6: 19 Lay not up for yourselves treasures upon earth,
where moth and rust doth corrupt, and

where thieves break through and steal:

31-32 Be not therefore anxious, saying,
What shall we eat? or, What shall we drink? or,
Wherewithal shall we be clothed?

For after all these things do the Gentiles [ unbelievers ] seek;

for your heavenly Father knoweth that ye have need of all these things

10:28 And be not afraid of them that kill the body,

but are not able to kill the soul:

but rather fear him who is able to destroy both soul and body in hell.

I Agree Trust In The Lord.
Maranatha!

This is how I see it, after analysing economics extensively and following the money flows.

There is (simplified) three groups involved:

The Rich (owners of production capacities or investment capital)
Mainstreet (the group necessary for keeping the economic engine going and who create purchasing power)
The Rest (the group that the rich do no longer find necessary for production).

And this is the "game" of economics:
The Rich make Mainstreet dependant by keeping their fate insecure, meanwhile they are forced to keep the engines rolling that will empoverish everyone, sooner or later. It is Mainstreet that is deaf right now, clinging to their securities, while they fail to believe that their bosses have robbed them.
The whole financial crisis is orchestrated by the rich, and this what is happening now is their ultimate bid to see how far they can pull the american people one over the head.

People, this is grand theft and no one speaks?

God it truly is time for your return.

Why protest, speak up or fight it? Let the enemy have what remains of his final hour. You aren't taking anything temporal with you into God's Kingdom anyway...Your treasures are in Heaven where no moth can destroy. Be silent; these are evil times my friend and the tares are showing themselves by their own action(s).

Yes I agree,

Luke 16:13
Thank you for reminding me.