My State of the union address

My fellow Americans,,, we all know that things are bad,

Both government and the populus have completely lost site
 Americans have not saved so little since the depression of the 1930s,
 down 91%  a spending binge & household debt buildup well beyond
 income growth, despite the economic 'boom'.

 We have a system propped up by people "paying the minimum" to service their debt
same goes for the government. The trouble is this leave no room for error
Truth be told Throughout history, that's always the case.
 Denial is a very strong emotion, and one has a hard time believing that things
 can really change Few of you  remember, how much you paid for many thing,
and as such, what it really is worth or the true cost!

In the 1990s the federal government created $2.8 trillion of new debt;
 more than created in the nation's entire history prior to 1990
and another $2.7 trillion since 9/11/01.


This is now amongst the most widely forecasted housing downturn in history
 U.S. builders have slashed prices by more than 10% in December in a failed
bid to boost sales, which dropped about 5% to the lowest level in nearly 13 years,
 the Commerce Department reported Monday.

The grim figures show no relief in sight for a battered building sector
and are certain to be a major item on the Federal Reserves agenda
 For 2007, new-home sales fell a record 26.4% to the lowest level since 1996.
 A lousy end to a lousy year even though U.S. leading indicators
 point to slow growth ahead

Declining U.S. oil production & reserves, soaring consumption and imports
oil & natural gas  more dependent than ever on others. is A very serious issue.
 exploding negative trade balance to new records, now $15 billion/week

 World's largest debtor nation, yet 4 times more dependent on global trade than before
 Foreign interest own increasing percentage of our marketable debt
And top top it all off the war in Iran er Iraq  not only did we not find
any weapons of mass destruction and it seems that we overly exaggerated
 the supply of oil there and there ability to pay for "operation enduring occupation"
 what can be said oops try not to let it happen with  Iran

Forget all that instead we celebrate increased life expectancy and quality care
 relative to our past, but it's less than achieved by other nations
 yet we spend 82% more of our economy on health care than others,
 including higher government spending ratios.
And a growing number of uninsured
But what can we do about it
With a 60% decline in ratio of manufacturing jobs,
impacts median incomes and trade balances.
talking about jobs if your looking for for a job?  
I might suggest the night shift somewhere in fast food
 or the growing field turkey dissection.

Thanks to the current administration and its Democrat enablers,
the US has to sell $3 billion dollars a day of treasury bonds
 to COVER CURRENT BILLS.
69% do not trust, a massive increase in lack of trust from 3 decades ago,
 and 80% believe government has too much power.
However  with recently passed legislation they will find out who you are

 All this may seem troublesome for representative democracy
and legitimacy of its officials. Citizens now work more than 5 months
 each year just to pay all federal, state & local taxes 
many months more than prior generations.
Families paid more inflation  adjusted taxes than ever before.

 When the Roman Empire fell, it kicked off a period we now refer to
as the Dark Ages. World progress came to a halt for several hundred years.
 The US government had set up laws to check and balance the financial system
 to prevent another Great Depression and Wall Street has circumvented these laws
. A disturbing parallel can be compared to the brilliant Engineers that took
 the safety controls off of the Nuclear power plant Chernobyl.
The rest is history.


Certainly, our economy now has far more differences than similarities
with the economy of 1929 or that of the Roman Empire, and few expect
 a new depression for the decade ahead. But it's also worth remembering
 that the best laid plans of presidents, chief executives and senators
 can sometimes come to nothing.


By highlighting economic threats to our young,
actions may result such that negative trends become positive trends
 and my generation can become more proud of our bequest to the next generation


In closing
This could be the most widely forecasted turnaround in history
 or This may be the most widely forecasted depression in history

That my opinion, I could be, hope I'm wrong. Thank you and good luck