LDS Freedom Forum

I'm not sure how many of you know who he is, but he's the U.S. Comptroller General of the U.S. Fed. Gov. Over the past year or so, he's issued a few statements regarding the financial health (or rather sickness) plaguing our financial situation because of reckless, irresponsible and reprehenisble spending/monetary policies/practices in Washington. Well, he issued another statement recently that should send shockwaves through the halls of Congress and our homes. When you take into account the national debt, trade deficit and future liabilities expected to be incurred by the government in the next 20+ years, the U.S. is in the red by $60 trillion... that's 60 with 12 zeros! He has basically said that in about 20 years, the debt will be so large that the government will only be able to pay the interest on the debt and nothing more, no social security, medicare, medicaid, nothing, especially when you take into account the baby boomers retiring and much less money going into the system than is being paid out! I didn't plan on having any social security when I reach retirement age in 2033, and I honestly don't see the government lasting in its current state that long anyway. He is also on record as saying that the U.S. government is bankrupt and has been for years and that only the printing of money and borrowing from other nations has kept it afloat. He is able to speak freely, honestly and openly about this because his position is appointed and guaranteed for a minimum of 15 years. His revelations are hardly shocking, but they are further proof of a cabal in Washington out of control with our money.

Forgot to mention... he also said that if the government were a business or corporation (well, actually, it is), that all of those responsible for the financial health of it would be in federal penitentiaries. The government does not adhere to GAAP rules like the rest of the country does, which is how and why they can fudge or manipulate accounting data to make it seem like we're not in as bad a shape as we really are AND they actually keep 3 sets of books, but only typically report on one of them. I'll tell you... these guys in DC make the mafia look like choir boys!

A great lesson by our Bishop along with attending a Continuing Education class two years ago where the material covered was from David Walker are two of the main things that helped wake me up.

Glenn Beck had him on a couple of days ago. Maybe the message is finally getting out. Who will listen?

Along that line...

FT

The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody's, the credit rating agency, said yesterday.

The warning over the future of the triple-A rating - granted to US government debt since it was first assessed in 1917 - reflects growing concerns over the country's ability to retain its financial and economic supremacy.