Wheels Coming Off the Bus

In the past few days we have had quite a few posts on the financial condition of the USA. Why?? Because it is becoming obvious to many that an economic shaking is coming for the USA and we need to be prepared to hold on tight...

"Hold fast, help is on the way", says God to those who love and fear Him.

Today we read this headline;
U.S. already $292 bln in the red this year

WASHINGTON, Dec 4 (Reuters) - The U.S. government racked up a gaping shortfall in the first two months of this fiscal year after posting a record budget deficit last year, congressional analysts said on Friday.

Read it here; http://www.reuters.com/article/idUSN0418093920091204

Did you catch that? IN THE FIRST TWO MONTHS OF THIS FISCAL YEAR!

If my math is correct that's about $4.8 billion dollars per day. Remember...a billion is a thousand million.

So the U.S. government needs to borrow $4800 million dollars per day just to keep the lights on...forget about the $100 Trillion we have in unfunded obligations (Social security, Medicare, Welfare, government pensions, etc...)

What happens when the rest of the world refuses to loan us $4800 million dollars per day?

I think we all know what happens.....the wheels come of the bus....and the bus goes off the road.