Don’t Cry for me Argentina — America

Don’t Cry for me Argentina America … you have to watch this if you care about the fiscal disaster which America is rapidly becoming. Besides, the music alone is worth it. Argentina was once a thriving country and was driven into the economic ground by soaring debt resulting from its government’s (remember Peron? Evita?) pandering to those with their hands out for the “entitlements.” Can it happen here? After you view this you’ll be convinced … yes.  Just today, the U.S. Dept. of the Treasury estimated the national debt to be $19Trillion in five years, up from the $13Trillion it hit in May of 2010. About a 50% increase in only five years. Here’s a nice summary:

According to the Debt Clock:

• Total national debt: $13 trillion
• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest per citizen: $2,211

Click here to see the Debt Clock, which is updated every second.

(Source: http://www.foxnews.com/us/2010/05/26/national-debt-clock-tracking-red/ (accessed 6/9/2010))

Click here to view the powerpoint show. (be patient, it can be slow to load)

Source: http://www.authorstream.com/Presentation/soundmanjay-344588-dont-cry-america-obamacare-socialism-argentina-ppspap-business-finance-ppt-powerpoint/ (accessed 6/9/2010).

There is a copyright notice on the website, but no name or attribution.

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About Gil Jones

CPA/Attorney/Judge by training and trade. Hobby nut at heart with BMW m/c, computers, ham radio, kayak fishing, photography, hiking and, starting in 2010 some semi-serious running and bicycling (road and mountain bikes). Retired after 16 years on a Texas District Court bench and since 2013 have been mediating cases. I am a Credentialed Distinguished mediator (TMCA).
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