Friday, August 26, 2011

Payday Someday

This is an old saying, but one that applys to the events of the day.

If a family or business, on a year in year out basis makes $60,000 and spends $100,000, the end will come soon. For our nation our payday for years of abbusive, almost unlimited spending practices is now upon us.

For every $1.00 that the Federal government spents, it borrows $.40. That borrowing comes in the form of printing more cash or issuing more Federal Notes that are depressing the value of every asset that the general populous has worked hard to accumulate.

"Someday" is upon us.

Citizens must demand major cuts in spending by the Government. A reduction in the size of Government in the neighborhood of 40% will be required to repaid the problems.

We must start now Praying for a Miracle in America. A "Third Great Awakening" would be GREAT.

Praying for a Miracle, Gary W. Phillips

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