U.S. Fiscal Crisis

Take a little time and watch these videos and look at the presentation. They will rightfully scare you.

60 Minutes, 11 min. 26 sec. from July 8, 2007
http://www.cbsnews.com/video/watch/?id=2534935n

2 min. 50 sec.
http://www.gao.gov/media/video/numbers/windows/morethannumbers.wmv

11 min. 19 sec.
http://www.gao.gov/media/video/fiscal/windows/amfiscal.wmv

GAO Presentation
http://gao.gov/cghome/d08465cg.pdf

Here’s an excerpt from the following article (http://townhall.com/columnists/TerryPaulson/2008/11/02/democracies_die_when_liberty_gives_way_to_dependence?page=full&comments=true )

"…ponder the words of the Scottish jurist and historian, Sir Alexander Fraser Tytler. Over 200 years ago, he provided a chilling observation on the fall of the Athenian Republic. America has been a beacon of liberty and hope for our citizens and the world for over 230 years. But Tytler warned of the natural rise and fall of every democracy:

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on the majority always votes for the candidates promising the most benefits from the public treasury, with the result that a democracy always collapses over a loose fiscal policy, always followed by a dictatorship. The average age of the world’s greatest civilizations has been two hundred years. These nations have progressed through this sequence; from bondage to spiritual faith; from spiritual faith to great courage; from courage to liberty; from liberty to abundance; from abundance to selfishness; from selfishness to complacency; from complacency to apathy; from apathy to dependence; from dependency back again into bondage.” "

What stage do you think we are in? Especially when you see this video:
http://www.youtube.com/watch?v=P36x8rTb3jI