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11 Trillion $

11 Trillion $. Current National Debt, and Climbing. Consumes more than 8% of the Federal Budget. Would take 100% (est.) of 2010 GDP to pay debt in full. Approximately $40,0000 for every man, woman, and child in the U.S. . Expect an Increasing Tax Burden. Income Taxes - Federal & State

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11 Trillion $

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  1. 11 Trillion $ • Current National Debt, and Climbing...

  2. Consumes more than 8% of the Federal Budget...

  3. Would take 100% (est.) of 2010 GDP to pay debt in full...

  4. Approximately $40,0000 for every man, woman, and child in the U.S. ...

  5. Expect an Increasing Tax Burden... • Income Taxes - Federal & State • Social Security - Increase Tax or Decrease Benefits • Medicare - Escalating Medical Care • Other Taxes & Fees - Fuel Tax, Building Permits • 2007 Tax Revenue approximately $2.4 Trillion

  6. Debt is a useful tool... • Good Debt: Education (Assets) • Bad Debt: Lifestyle Living (Liabilities)

  7. Risks to Business Operations... • Inflationary forces (1942) • Interest Rate Changes

  8. Our Future... • U.S. in 21st Century similar to UK in late 20th Century. • China/Pakistan will become dominate Econopolitical Countries. • Europe will plan a more prominent role in world affairs - 320+Million. • US will Loose 2-Front Military Capability. • US will need to act like a world partner similar to right after WWII.

  9. Our Decisions... This... or This... ...Affects our Futures.

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