Monday, July 18, 2011

Notes on the State of our Nation

I have received the following facts from Capt, Woddie Sprouse, USN/RET, a personal friend of Nancy and me. Capt. Sprouse is an experienced officer of the USN; and I deeply respect his understanding of our national condition. Please read the following and consider the significance of this information.
* 14.5 million Americans are unemployed, or 9.1% of the population this number equals the entire populations of Wyoming, Arkansas, Alaska, Delaware, Hawaii, Indiana, Maine, New Mexico, Nebraska, Rhode Island, and Vermont.
* The 7/1/2011 Gallup underemployment rate is an additional 9.2% of the population over 18 years of age.
* The national debt is over 14.5 trillion dollars.
* The interest that must be paid on this debt will equal 414 billion dollars in 2011, this amounts to 1.13 billion dollars in accumulated interest per day. Nothing is being paid on the principle.
* There has not been a national budget approved by Congress for the past two fiscal years.
* The current 2011 Federal deficit, income - expense, is in excess of 1.3 trillion dollars, the Federal fiscal year ends on September 31, 201. This1.3 trillion deficit must be financed by seeking addition credit, adding to the total national debt.
* The nation is engaged in three wars, or something that resembles war to this old warrior.
* None of the three wars were declared by Congress. And, I submit that had they never would have been declared had the Congress been asked to do so.
* The nation has no defined foreign policy, or doctrine, to deal with Iran's nuclear development.
* The Mediterranean Muslim region has undergone a significant, yet to be understood, transformation.
* The wealthy, Muslim Gulf and Arabic, states have deferred taking an active role in the Mediterranean transformation.
* The nation has no defined foreign policy to deal with the diverse aspects of the above transformation.
* With the exception of Germany, the major European economies are in financial, debt, distress.
* The European Central Bank is struggling to cope with the wide spread, Southern European National Debit crisis and protect the Euro common currency.
* The nation has permitted the value of the US currency to decline with respect to the Euro.
* With the exception of the Secretary of the Treasury, all the original, key, members of The Administration's Economic team have left the administration.
* The Chinese national defense expenditure is estimated to be in the range of 20% of their annual budget.
* China is expected surpass the US as the number one world economy in the next 10 years.
* The Japanese economy has been stagnate for the past decade.
* There is no regional economic or military power to counter, or balance, Chinese growth.
* Significant quantities of oil and gas reside in the South China Sea, a region of increased Chinese attention.
* Russia has proven not to be a predictable world player.
* Much of central Europe is now dependent on oil and gas supplies by Russia.
* There are 12-14 million undocumented aliens residing in the nation.
* There is no effective method(s) to control undocumented alien access to the nation.
* There is no comprehensive plan to address the status of the 12-14 million undocumented aliens currently in the nation.
* Currently, only four States: Alaska, Montana, Arkansas and North Dakota, will not have a state budget deficit in 2011. 46 States will have deficits and the majority of these will require significant cuts in their services and/or increases in state revenues to abide by their state constitutions to have a balanced budget.
* All aspects of the US housing industry continue to experience a prolonged decline.
* Over 50% of US families pay no income taxes.
* US College tuition is increasing at a rate exceeding the national inflation rate.
* US Medical care expense is increasing at a rate exceeding the national inflation rate.
* The future national supply of energy is in question.

These facts are not just so much dross and Republican haranguing at an objectionable government administration; these are REAL facts, and we, Americans absolutely must do something about them!



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