Here is the problem the US faces in a nutshell. This will make no sense to those members of Congress and the President who have never run a business, never studied accounting, and don’t know how to read a balance sheet. We are presenting the information here as a warning to NIP readers. If you read the full report you will understand the severity of the economic situation we are facing in the United States.
Mary Meeker, partner at Kleiner Perkins Caufield & Byers served as a managing director and research analyst ad Morgan Stanley from 1991 to 2010. She states that the net worth of the US is a negative $44 trillion dollars. You need to download and study her entire analysis from Business Week. The graph below is taken from the report and shows revenue vs expenses. What the graph doesn’t show is the rapid growth of expenses and the comparatively minor growth of revenue.
The politicians and socialist media have control of what Americans read, view, and think. Their ignorance of finance and their predilection for social justice have driven this country into bankruptcy. It is the NIP’s position that the destruction of freedom and our way of life is the goal of the left. Like the British and Roman empires, our republic may soon become one more footnote of history. Beware the ides of March.