America Is In Abysmal Financial Shape
This is not Alstry saying this....it is Erskine Bowles, who recently chaired a commission appointed by President Barack Obama to find ways to cut the federal deficit.
It is the headline on www.udderworld.com
Yet we are told that everything is humming along well?
The article indicates that all tax revenue covers only mandatory spending like Social Security, Medicare and Medicaid. The money to pay for defense, homeland security, education, research and infrastructure is borrowed, he said, calling it a "formula for failure."
"That debt is like a cancer, and it is truly going to destroy our country from within," Bowles told the estimated 1,000 people who attended the ninth annual Economic Forecast Forum sponsored by the North Carolina Chamber and the North Carolina Bankers Association.
"When it happens, it's going to happen so quickly that it's going to catch us by surprise," Bowles said. "The problm is real, the solutions are painful, and there's no easy way out."
The above is why UdderWorld started. We are approaching the end of an economic era and about to enter a new one....an UdderWorld if you will. The site has been divided into three major catagories:
The Zombulation/Insolvency Of Government
Government Need vs. Citizens Bleed
Innovations Fighting Zombulation
At the end of the day, we are all collectively responsible for our nations debt. If government can't afford to fund police, or judge, or jails.....there will be no society as we know it. If government can't afford to maintain roads, or airports.....travel will come to a grinding halt. If government can't afford to provide basic services, homes will be worthless.
There are many solutions driven by technology currently and about to be implemented. For example, email replacing the post office. It's great for the majority of people, but convulsive if you are one of the million or so postal workers. Free Online education replacing pay education....again great for the majority of people but convulsive for the millions of teachers, professors, and those that work in the educations system.
The problem compounds when you factor that as we keep laying off and outsourcing workers, the tax receipts to government will contract even further.......which will force even more innovations and changes.
Udderworld is set up to track the process of Zombulation to Innovation. It is designed to give you the Knowledge for a New Age.
Hang on, it will be exciting and just like forecasted.....It is not the end of the world, simply the end of a world as we knew it.