A chilling reality

As my history of posts shows - I rarely base a single premise here off another article somewhere... (which is funny because the origin of weblogs was really more a listing of valuable / interesting links - not opinions and updates)... but at any rate - I felt compelled to share this one link / article: Federal obligations exceed world GDP
It's not an opinion piece - it's not political - it's just a simple accounting analysis of the Federal Government of these United States - and the inability to balance spending against income since 2002.

Now - if you don't want to read an article that discusses accounting principles - let me summarize this chilling NUMERICAL REALITY that's is clearly articulated in this article - This country is technically bankrupt - and unlike the private citizen without enough money to cover expenses the one additional recourse a country has is to print money... money that will will make the dollar you have in your pocket today worth less and less in terms of purchasing power every day thereafter. The last sentence of the article says it best - "In a post-Enron world, if the federal government were a corporation such as General Motors, the president and senior Treasury officers would be in federal penitentiary."
I'm not an alarmist - but these are scary and uncharted times we live in - and the coming years will be, I believe, far more challenging than the stories the media reports about today.