ALL AMERICANS MAY BE $1M IN DEBT FOREVER

I’m was trying to discern a real bottom to the markets when I made this revelation.
This was because the JOBS report, so crucial to discerning the true bottom, was sadly lacking in veracity. This is because so many had fallen off receiving benefits, due to the longevity of this recession.

Here is my revelation. Please, ignore the accuracy to the dollar and decimal. The key point is going to be apparent when you read the exercise. I think a formal article is needed by the press. We need to face the problem to find solutions. This is not something we should continue to hide in the closet. Ingenuity, discipline and a real sense of this issue, will allow the experts to find some solution.

Is Each Working American Now $1M in Debt Forever (thesis)
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Say we have 300M Americans for example. The exact number isn’t important for discussion.
Say that 1/2 are children (2 per family) that don’t work.
Say that 25% are seniors (retired or in rest or care homes)
That means 25% are potential workers, or 75 million.
Say that of those only 50% of wives work.
That means only two thirds of the 75 million are workers
or 49.5M
Say that really 15% are unemployed right now, due to those that have fallen off benefits
That leaves 34.5M workers in America paying for all services of 300M, as well as any Government sponsored benefits and Social Security for 75M.

So 34.5M Americans pay for the roads and infrastructure and medicare for 100s of millions, along with the Social Security for 75M, as well as taxes to repay a debt of $10T or $289,855 per working individual. Don’t forget that debt with interest really adds up to 400% of the debt.

On top of this, they have their own personal debt and their only assets of any great worth were their 401K wiped out by the dot.com bust and their home, which is valued less than their mortgage. To say we are slaves to lenders is optimistic. We are slaves for eternity.

This is not a hopeful situation, nor are these hopeful times. Am I the only person alive that realizes that all of America, top down, is living in denial. These things don’t even take into account a 4-5 year recovery, more meltdown, or a bankrupt Social Security system in a decade.

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