CHART: Why The United States Is Doomed To Fail

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We're still working our way through Kleiner Perkins' partner Mary Meeker's excellent analysis of the financial condition of the United States.

We'll be breaking out some key sections in the next few days. In the meantime, here's the one chart you need to see to understand why the US is screwed.

This is the "income statement" of the United States in 2010.  "Revenue" is on the left.  "Expenses" are on the right.

Contnue reading at Clusterstock...

U.S. Income Statement

Comments

[DailyBail]

The Fed Should Consider a 'Bad Bank'

Inflation is coming. One way to contain it is to take excess Fed assets off the table so they can't finance further easing

http://online.wsj.com/article/SB10001424052748704471904576229074062020468.html?mod=WSJ_newsreel_opinion

[DailyBail]

BY KARL ROVE

In the White House Press Room on Tuesday, President Barack Obama did what comes naturally—scold others, in this case the Congress. Mr. Obama complained that a budget agreement "could have gotten done three months ago."

What he didn't say was that the budget should have "gotten done" six months ago, before the current fiscal year started last Oct. 1. Our government's failure to have a budget in place halfway through the fiscal year is the president's responsibility. He and his party dominated Congress by wide margins when the budget was supposed to be put in place.

http://online.wsj.com/article/SB10001424052748704013604576246740907565666.html?mod=WSJ_newsreel_opinion

[LiberatedCitizen]

The dollar won't be worth the paper it's printed on soon

ECB raises rates, faces two-speed recovery
ECB raises main rate to 1.25 percent, faces challenge of 2 Europes: 1 booming, 1 broke

http://finance.yahoo.com/news/ECB-raises-rates-faces-apf-1088330118.html?x=0&sec=topStories&pos=8&asset=&ccode=

[T-BONE]

SINCE WHEN DID THE ALL THE FREAKING MONEY WE, AS WORKING PEOPLE, PAID INTO THESE "ENTITLEMENT" PROGRAMS THROUGHOUT OUR WORKING LIVES, BECOME ENTITLEMENTS?

ANSWER ME THAT.

[duped]

mary meeker is wall street - dont trust her

[one who knows]

Both parties of crooks r/d have stolen 800 billion $$$ from s/s (every year) clinton even brags he left a surplus (after he looted s/s)
lame stream media refuses to talk about it ,the pol's won't for sure they let white house STEAL IT!
WHY IS SOMEONE NOT IN JAIL?
Now the sheeple are being made to replace/$ and take a large hit when we retire,and the wash/pols who STOLE our $ that were taken from our paychecks are going to retire with large payck's & great health care all payed by us who had our furture stolen
by these same crooks who now we have to support.ITS A GODDAMM NIGHTMARE.

[expat]

Pol's are saying "we are broke", OK ,take that one step futher re;we spent 600 million $$$$ in 3 weeks in n,Africa trying to over throw
a gov that has more oil.
I guess killing people in Ivory Coast was ok we don't need coco beans.

[DailyBail]

Why The World Is Financially Doomed In 4 Charts

http://dailybail.com/home/why-the-world-is-financially-doomed-in-4-charts.html

[jack]

The people have to be awakened as to the truth. These charts are meaningless. Fact is the US gov does not collect, receive, or spend any of your tax dollars. All taxes are collected and received by the FED who takes their interest, distributes it to the shareholders, Rothschilds 67%, and Rockefellers 33% and then deletes the balance from the system. If the gov wants bombs, roads, bullets, or anything they must supply the money free to the FED and then borrow it back from the FED at interest.