Debt versus Revenue…When does the clock strike midnight?

Thanks to Lobbyist Fred for these links on the State of Ohio, United States, and World debt…makes us wonder what happens when the debt of a government exceeds the annual revenue.  We know what happens if an individual or a family spends more than they earn, the outcome is not pleasant……

Please note the statistics on the amount of annual revenue versus the debt……Unless we address the spending side of the budget, increases in our taxes will be inevitable.  We can see why the State of Ohio officials are pushing the money issues to the local jurisdictions.

If you hover your mouse over a category, you will see an explanation of the category, and how the number is calculated at the top of the page.

Some interesting statistics on this website….look at the poverty numbers….with the current open border policy by our globalist politicians and their special interest lobbyists these figures will increase, not to mention our crime statistics.

doomsday clock

Take a look at the “external debt to GDP %” of each country…..”Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.”……makes LFC wonder if we are just “living off credit cards”….How close are we to midnight???

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