Looking at the national debt clock and its inexorable march toward $18 trillion just makes me ill.
Democrats and Republicans have put us on a path toward a financial calamity.
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in this article by t boone pickens he declares that the USA has been in an energy wilderness for 40 years. We are now showing the first signs of coming out of it.
http://www.realclearpolitics.com/articles/2014/01/16/40_years_in_the_energy_desert_121230.html
The significance of becoming energy independence is huge in many ways including financial. ballooning federal deficits coincide with the loss of energy independence back in the 1970s. imho the restoration of energy independence will also restore the financial design margins. Which means practically speaking that the feds will have the money to pay for social security.
I agree with you about the importance of energy independence.
The problem with the feds is that increasing revenues typically lead to increased spending. They ALWAYS find more things to spend money on. If revenues rise by 10%, the feds will increase spending by 20%.
I have worked inside several federal bureaucracies. Every year their spending increases like clockwork. Its like an unstoppable tidal wave.
I’m not at all confident about the viability of social security so I’m making plans for other sources of income. Hope for the best, but plan for the worst. :)