Bringing the Monster Home
The unfunded liabilities of the US government are so huge and so incomprehensible, it can be extremely difficult to put this monster into proper perspective.
How can you comprehend over $100 trillion? How can you apply the government's financial problems to your own financial situation? How can you imagine the effect of owing money to tens of millions of people - money you do not have set aside for such a purpose?
It's time for us to put these unfunded liabilities into perspective.
Putting it into perspective and bringing the monster down to earth.
Looking at the massive numbers and discussing the problem as one that the United States or the government has, can put the problem out of perspective and disconnect us from the situation. "Oh, that's happening over there, not here. It's a big, lifeless nation, not me. It's not my problem, it's the United States's problem. It's national, not personal." Speaking through the wide-angled lens of economics can have this effect, can it not?
Let's bring this Monster home so we can relate and actually understand the immense gravity of this problem.
What about you.
Suppose this is your situation and you are the United States. How does it feel then? Let's make this real.
Here you are.
You are working day in and day out.
You earn $42k/yr.
You have your home, your car, your pleasures - and you have debt. The bundle of debt that you are most familiar with is equal to $41k.
You have $41k of debt.
You have a family - children, other half - and you also have parents. You are in your early 30s and your parents are in their late 50s. Your parents are about to retire. Also, you have the responsibility of taking care of not only your parents when they are no longer working, but also your other half's parents, as well as various aging cousins, uncles and financially struggling friends. All in all, the number of soon to be retirees dependent on you amounts to 1 out of every 4 people you know.
You have to pay $230k to those dependent on you.
So -
You earn $42k/yr
You have at least $41k in debt
You owe $230k in financial support
This is your situation.
You owe more than 9 out of every 10 dollar you earn - to creditors. On top of this debt, a mass of people is expecting you to pay them a total of 230 times your annual salary in order to take care of themselves in their time of need, which is right now.
This is your situation.
You are the United States.
Now do you see?
Now what do you do?
Jelani Asar invites you to prepare yourself with shocking interviews for the economic nightmare of the Unfunded Liabilities Monster at http://usUnfundedLiabilities.wordpress.com. Call for a free income protection quote in Atlanta, Georgia today.
Article Source: http://EzineArticles.com/?expert=Jelani_Asar
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