Much Obliged

That's right, we're all much obliged! Here's how and why:

Our government now owes more money than all of us in the country put together possess.

As of Sep. 30, federal financial statements showed approximately $56.4 trillion in debts, liabilities and unfunded promises for Medicare and Social Security, the Peter G. Peterson Foundation reported. The Federal Reserve estimated total household net worth at that time at $56.5 trillion.

Since then the stock market has crashed, tens of billions of dollars of personal wealth have evaporated and the government has committed $700 million (sic...should be billion with a B, and even $700 Billion is a gross underestimation. In fact, the bail out totals seem to be increasing exponentially each week.) to bail out financial institutions.

A government that long has been morally and intellectually bankrupt is now financially bankrupt too.

All this before the self-admitted, free spending president-elect Obama, who promises national socialized health care and an even larger FDR-styled "New Deal," has even set foot in the White House.

Be sure to read the entire above linked piece by Jack Kelly.