Nine Zeros (and Counting)

Astute readers will note that the National Debt Clock has passed the $9,000,000,000,000 level. That's Nine Trillion Dollars of debt.

And it is understated. Our real debts include all the money held by foreigners (we need $2 Billion from them each and every day just to balance our trade accounts), obligations to medicare and social security, and God knows what else the govmint is hiding.

Of course, there is no way to pay all of this money. The only real way to wealth is work; you must produce products that are good and useful and marketable. But we are losing our ability to make things; we are outsourcing our manufacturing to foreign lands, because we have confused financial profits with real profits.


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