It’s GAME OVER For the US

Thursday, April 21, 2011
By Paul Martin

by Phoenix Capital Research
ZeroHedge.com
04/21/2011

If the US were a company, it’d already be in Chapter 11.

FoxNews published a WHOPPER of a story yesterday, though it somehow has not caught the attention of most people. If you have issues with Fox them at the door for a moment and simply focus on the numbers.

For the first time since the Great Depression, the US is now officially paying out more in benefits than it takes in via tax receipts.

If the US were a company, it’d be spending more in salaries than it makes in sales. Aside from being unprofitable, it’s also got a MASSIVE debt load. And it’s current policy of paying out more than it makes only increases this debt load… which begs the question… who’s going to pay the interest payments on the debt?

Now, about those payments…

The Rest…HERE

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