Friday, January 9, 2009

The Biggest Flood of Red Ink in the World!

This report just came from 'Money and Markets' research:

"How much is $1.186 trillion - - or $1,186,000,000,000, written out the long way?
. It's more than the inflation-adjusted cost of the Vietnam ($698 billion) and Korean Wars ($454 billion).
. It's more than the Louisiana Purchase ($217 billion) and the Savings and Load bailouts ($256 billion)
. It's greater than the 2007 Gross Domestic Product of all but 13 other countries in the world.
. It's equal to $3,881 for every man, woman, and child in the U.S. (Have you made out a check for you and your families shares yet?)
. It could buy 189,760,000,000 bushels of wheat at recent prices. 26,893,424,036 barrels of oi. Or 1,581,333,333,333 cans of Diet Coke at my trusty vending machine in the break room.
Why do I bring this up? Because that $1.186 trillion figure is the projected 2009 deficit, according to the latest report from the Congressional Budget Office (CBO).
And it is downright scary!
THESE NUMBERS ARE BIG - - REALLY BIG! That $1.186 trillin is such a large number - so out of control -that it's hard for most of us mere mortals to process it. Suffice to say - - - It's the biggest flood of budgetary red ink ANY country has ever seen in world history. And it makes last year's $455 billion deficit look like chump change.
Still not worried? Then get a load of this:
THE CBO ESTIMATE DOESN'T EVEN INCLUDE ANY POTENTIAL STIMULUS PACKAGE FROM CONGRESS AND THE OBAMA ADMINISTRATION."
It's time to do everything you can to get your financial house in order and prepare yourself mentally, socially, physically and spiritually to prepare, not just 2009, but the years beyond as well.
Here's some help:
Do you have items laying around that you can sell, like garage sale items, etc. Go here and do so for a no charge listing. It's a new auction site called TRIPLECLICKS:

http://www.tripleclicks.com/10479052/go

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