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Showing posts from August, 2008

Can We Afford Not to Act?

In the last several years I have observed some most disturbing developments. The threat of potential global destruction due to climate change, unending wars, spiral American deficit, exponential corruption, human rights violation, the validation of American torture, extraordinary corporate greed, numerous human rights and constitutional violations, lack of governmental and corporate accountability and host of other worrisome circumstances. One thing is most pressing is that we must carefully act to insure our future. It is the consensus of hundreds of eminent climate scientists who recently won the Nobel Peace Prize that we must act now. The head of this Intergovernmental Panel on Climate Change, R.K. Pachauri urged that how we develop in the next seven years will determine or climate by mid-century. He remarked, “ We have to act now to price carbon and create incentives to change the way we use energy and spread technology and thereby avert nothing less than an essential threat to

Our Expanding National Debt Crisis

It is imperative that we start to save instead of consume. Americans have over $14 trillion worth personal debt. We must not pass these costs to our next generations. Back in the mid 1960’s we were a nation that was in the black that in last few decades declined seriously into the red. 80 percent of our debt has occurred since 1990. The Chinese now finance our war. Today Our American economy is 70 percent dependent on consumerism reflected by our $17 trillion dollar personal debt. A new documentary, “I.O.U.S.A.” presents why our debt is of serious concern. 66 percent of the gross national product stands at more than $9.6 trillion or 37 percent of GDP. David Walker, former U.S. comptroller general has been outspoken regarding the potential disaster of our total $53 trillion dollar total unfunded liabilities such as Medicaid, Social Security and Medicare. This equates to roughly $175,154 per man, woman and child. To put this in perspective the debt in 1957 was $693 billion - or a