Owl: Richard Martin Charts on Collapse of USA

Commerce, Corruption, Government
Who?  Who?
Who? Who?

 

One wonders how most of the people can stay so blind most of the time.
Why America Will Collapse (Charts)
by Richard Martin
 
Let’s look at the state’s rising share of the national income. Here is GDP:

http://www.oftwominds.com/photos2013/GDP8-13.png

State and local government spending:

http://www.oftwominds.com/photos2013/govt-state-local9-13.png

Add in Federal spending and you get about $6 trillion, or about 40% of GDP:

http://www.oftwominds.com/photos2013/govt-fed9-13.png

Here is Federal debt “owed to the public,” i.e. external debt that accrues interest and must be rolled over in Treasury auctions:

http://www.oftwominds.com/photos2013/fed-debt8-13.png

And last but not least, total credit market debt, public and private. This does not include an estimated $200 trillion in unfunded liabilities, i.e. future obligations that will have to be paid with either taxes or more borrowing.

http://www.oftwominds.com/photos2013/total-credit2-13.png

As the state borrows trillions of dollars to support its aristocracy and dependents, its debt skyrockets. The political aristocracy expects the tax donkeys will carry a heavier burden without revolting and the 60% “tyranny of the majority” who pay little but collect enough to get by will be wary of risking their benefits by resisting the existing political-financial kleptocracy.

In terms of democracy, the tax donkeys are trapped; they can’t match the tens of millions in political contributions of the top .5%, and the 60% below them will support the status quo out of fear that the alternative could be even worse.

Politically, the system is unbreakable. Financially, it is unsustainable.

Regards,

Richard