We're being buried by our own debt.

If the United States were a company... we'd be out of business. If it were a family... we'd be living on the streets. If it were a species... we'd be on the verge of extinction.

But because we're the United States, we just keep on spending borrowed money and burying our head in the sand.

Here's the U.S. debt situation in a nutshell at the end of 2009:

	National debt	$12.5 trillion (but ‘09 GDP is only $14.3 trillion)
	Government spending FY09	$3.5 trillion (but tax revenue is only $2.1 trillion)
	Government bailouts	$11 trillion (equals $35,600 per U.S. citizen)

As massive as those raw debt, spending, and bailout figures may be, they are dwarfed by all the unfunded liabilities (those not covered by an asset of equal or greater value) that also must be accounted for:

	Medicare/Medicaid liability	$36.4 trillion
	Social Security liability	$15.1 trillion
	Total unfunded liabilities	$51.5 trillion

All totaled, the U.S. government has liabilities adding up to around $78 TRILLION, yet brings in only about $2 trillion each year in revenue.

This is like owing $500,000 on your house and making $13,000 per year at your job! You could barely live... let alone ever get out of debt.

In fact, if we could reduce these obligations by $1 every single second, it would take 2,471,724 YEARS to pay it off.

The government really has only three choices to deal with these liabilities:

1. Raise taxes
2. Cut spending
3. Print money to allow inflation to rise and dilute the debt burden