Commentary by Greg C. Truax airs weekly on WHBO AM 1040.
Our country is failing economically.
That’s the alarming analysis by Leslie A. Rubin, founder of MainStreetEconomics.org.
Here are just a few of the startling facts laid out by Mr. Rubin:
Current interest-bearing debt is over $32.5 trillion.
Total obligations for the country, including unfunded obligations of Social Security and Medicare, is $122 trillion.
Interest on the debt is today $2 trillion and growing.
Big government is the problem. Mr. Rubin says: The more money you take out of the economy for the government, the less the economy is going to grow.
This is Greg C. Truax noting that every Thursday starting at 3:15 p.m. the OnThePoint radio show features guests like Leslie Rubin right here on WHBO AM 1040.
Greg C. Truax is a documentary filmmaker, news commentator, host of OnThepoint radio show, and publisher of AliveTampaBay
Leslie A. Rubin, who is based in Clearwater, Florida, is a professional accountant, entrepreneur, and real estate developer. He has a clear understanding of what makes economic systems work, the power of incentives and is the founder of MainStreetEconomics.org.