All empires fall, we should not think that we are immune to this fact. The beginning of an end may have started for us. However, the fortitude and drive of the American People and the principals such as “In God We Trust” is only hope we have.
We must stand up and we must fight back the sweeping changes that are upon us. Irrespective of what political spectrum we follow, irrespective whether we live in a blue or a red state, we must all remember that we are a part of the United States. We must show the world and our fellow citizens that WE BELIEVE IN THE USA AND WE WILL DO WHAT EVER WE CAN TO PROTECT OUR LIBERTY, FREEDOM and WAY OF LIFE. WE MUST LET OUR VOICES BE HEARD. WE MUST STAND UP AND LEAD. OUR FOUNDING FATHERS ARE THE BEST EXAMPLES TO FOLLOW. WE DO NOT HAVE TO REINVENT THE WHEEL. WE JUST HAVE TO ADOPT THEIR PRINCIPALS, VALUES, DESIRES, WILL AND DRIVE TO OUR TIMES. WE CAN DO IT. MORE IMPORTANTLY WE MUST DO IT.

The second was the fact that with project national debt being projected to be at $20T in the next 5-10 years, and assuming that our economy recovers to level where we can generate $1T a year surplus, it would take us 20 years to pay back our debt. What this tells me is that WE ARE NOT GOING TO BE ABLE TO PAY OUR DEBT IN A VERY NEAR FUTURE. Is it that a mark of a 3rd world country?

Absolute power corrupts absolutely! We are starting to experience that with the recent events that took place with all the bailouts, AIG, GM and Chrysler. When decision to close dealership for GM and Chrysler is made without a fair and equitable criteria and influenced by whom one knows, it is a clear indication that corruption an erosion of values has started seeping into our system of values. Is this yet another mark of a 3rd world country?

We are going to start hearing it very loudly in a very near future as the financial backers of our lavish spending will soon demand more and more assurances in our ability to pay back our debt. This will undoubtedly translate into higher interest rates for everything we buy. We have an economy that is fueled by debt at every level. Not only we borrowed and continue to borrow more than we can pay back, we also leveraged our debt to a level that is insane.
When I first arrived to USA 30 years ago, millions was a lot of money. In the nineties we were started speaking in the billions and now we are talking in trillions. As I was listening to the debate on the recent stimulus bill, there are a couple of comments from opposing politicians that carved a lasting mark into my memory. First was the fact that with a single bill we authorized spending equal and/or more than the national debt accumulated by all our governments from George Washington to Gerald Ford. Yes in one bill we decided to spend more many than we had borrowed close to 200 years.

Is USA Becoming a 3rd World Country?

As a first generation immigrant who has been blessed by this country it is saddenning to see the basic core values that made the USA the greatest country in the world under attack by the progressive ideology that has taken hold. As we should all be proud of the democratic process that elected the first African American President, we must also be proud of our country and what we stand for. With our mounting debt, culture of spending and instant gratification, we are in one the greatest competition in our history against very worth adversaries. As we are busy mortgaging our future, selling of bits of our country and taking our country apart, China is busy planning how to employ their embryos to build more, make more and get more. Not only they have the momentum and in the processes of rapidly catching up to us, they also have one of the greatest weapons that one country can use against another country, MORE MONEY. They are the biggest buyers of our debt. As the saying goes, money talks.