Ready for a permanent 60% increase in federal taxes? U.S. government spending is out of control...

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If this news doesn't floor you, you're not reading with your eyes open: federal spending has placed the United States so far in debt that just breaking even (funding all the programs the government has promised the public) would require an "immediate and permanent" federal tax increase of 60%! This comes from none other than the International Monetary Fund (IMF) which is rightfully concerned about the U.S. debt and its ability to cause chaos in world financial markets.

Put in perspective, the global financial community is calling the U.S. "out of control" on its fiscal policy. It's bankruptcy at a national scale for starters, and possibly on a global scale if the international house of cards comes tumbling down with the U.S. dollar (which has dropped sharply over the last two years).

As I've stated before, spending at the national level only reflects spending at the household level: American families, too, are increasingly needing to restructure their debt and declare bankruptcy. Credit card debt has gone through the roof, and although Washington can't borrow from credit cards, they have certainly borrowed plenty from Social Security.

The total gap? A $47 trillion shortfall, says this article.
About the author: Mike Adams is a natural health researcher and author with a passion for teaching people how to improve their health He is a prolific writer and has published thousands of articles, interviews, reports and consumer guides, impacting the lives of millions of readers around the world who are experiencing phenomenal health benefits from reading his articles. Adams is an independent journalist with strong ethics who does not get paid to write articles about any product or company. In 2007, Adams launched EcoLEDs, a manufacturer of mercury-free, energy-efficient LED lighting products that save electricity and help prevent global warming. He also founded an environmentally-friendly online retailer called BetterLifeGoods.com that uses retail profits to help support consumer advocacy programs. He's also the founder and CEO of a well known email mail merge software developer whose software, 'Email Marketing Director,' currently runs the NaturalNews email subscriptions. Adams volunteers his time to serve as the executive director of the Consumer Wellness Center, a 501(c)3 non-profit organization, and practices nature photography, Capoeira, Pilates and organic gardening. Known by his callsign, the 'Health Ranger,' Adams posts his missions statements, health statistics and health photos at www.HealthRanger.org


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