Unfortunately, debt has been growing everywhere. Worldwide debt is backed with debt from other nations, it is based on debt from multinationals, and it is dependent on vast sums of debt–leveraged with yet more debt. How can this continue?
According to the USDebtClock, on average, each citizen would need to contribute $180,756.00 to rid the US of its debt pool.
Because, as a Nation, we are spending beyond our means.
Well... What about Oregon?
Same news... Just add $8,675.00 to your already allocated portion of the US Debt to get to your bottom line. That makes your portion a whopping $189,431.00. That means, as a State, we have also been living beyond our means.
What about Klamath County? It’s OK... Right? After all, the County is required to have a balanced budget. In fact the County Budget Manual describes,
So... My questions to you are:
Overspending is our problem; overspending is Oregon’s problem, and overspending is our National problem. If you answer the above questions wrong, be prepared for Federal, State, and local tax increases through Special Taxing Districts, Special Option Levies, and Bond Measures.
Overspending will be our Nation's ultimate demise – and, it all starts right here, in our local economy.
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