A Startling Contrast
“The budget should be balanced, the treasury should be refilled; public debt should be reduced and the arrogance of public officials should be controlled.”*
Truer words were never spoken, and while they could refer to almost any country, I think every American should heed the wisdom in those words as we contemplate this number: $13,062,677,898,770.06. That is our National Debt. According to statistics, there are 308,518,462 Americans, which means each of us is responsible for $42,340.02.
And to whom are we indebted most? Well, the biggest foreign lenders are China to who we owe $895+ billion, Japan $784+ billion and the United Kingdom 279+ billion.
It is impossible to understand how we are going to get out of this financial mess if we don’t stop spending money we do not have and start concentrating on how to generate jobs in the private sector.
Segue to Steve Jobs. Hard not to admire this visionary and what he has done in spite of all the problems he has wrestled with through the years, personal and in business. He has a right to feel vindicated (even if I don’t agree with what he has done with Adobe’s Flash). In the last two weeks 5m books have been downloaded by IPad users. Think of it two weeks! And to date there are five billion apps downloads and Apple has paid out one billion dollars to app developers!
Those are numbers that encourage and inspire!
*Cicero, 106-43 B.C.