PREPARE Introduction

Below you will find the introduction to PREPARE.

“The mother of all economic storms is headed our way, yet most Americans seem oblivious to the danger. Despite the gathering thunderclouds of annual federal budget deficits and a rapidly escalating national debt, most people are simply ignoring the news and information concerning the coming economic crisis.

There’s really nothing complicated about it. You only need one chart to illustrate our nation’s unsustainable course.

Prepare Only One Chart

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Worst Disaster or Finest Hour?

One of my favorite movies is Apollo 13 (along with Rudy, Braveheart, The Patriot, and Iron Will). Underdog heroes have always inspired me to never give up.

In Apollo 13, shortly after an apparent electrical short/explosion occurs in the rocket ship, all the warning lights and alarms begin flashing in the cockpit and at mission control. That’s when we hear the commander say, “Houston, we have a problem.”

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Billions of Lives Will Be Impacted

Large crowd of people watching concert or sport eventIf Congress fails to take corrective action, more than 300 million American lives will be impacted.  In fact, it’s no exaggeration to say that billions of lives are will be affected (around the world) if the financial crisis in the United States reaches the tipping point.

Why? Because the economies of most nations are directly or indirectly tied to the U.S. economy. As America goes economically, so goes the world.


Who Do You Want in Congress?

Prepare Capitol in DC

I am fiscally conservative, but that doesn’t mean I promote one political party.

Both parties — the Democrats and the Republicans — have acted irresponsibly over the years. I am in favor of any person, group, or political party that will promote (and vote for) for responsible fiscal management.

There are some great people who serve in Congress. Just because the majority are making irresponsible decisions doesn’t mean that every member is in favor of borrowing and spending more.

We should support, applaud, and re-elect members of Congress who consistently demonstrate fiscal responsibility. And we should exercise our rights as citizens to vote out of office members of Congress who promote and vote for fiscally irresponsible legislation.

What You Need to Know

Prepare What You Need to Know

  • The United States of America is on an unsustainable financial course.
  • The next few years will be critical in defining our nation’s history.
  • The greatest threat to our national security is not from our enemies, but from our own financial irresponsibility.
  • The timeline has changed. It is no longer about your children and your grandchildren. It is now about you!
  • The time to prepare is now. We have only a few more years before it becomes mathematically impossible to recover.
  • We are approaching the point of no return.

Perspective on Economic Projections

Prepare 10 charts mixedThe projections in PREPARE are simply that — projections. A wide spectrum of forecasts can be found, even within the federal government itself. For example, the Congressional Budget Office projections will not always agree with those of the White House Budget Office.

In addition, no one knows what the future will bring. In August 2001, no one had factored into their economic projections the consequences of 9/11.

In early 2008, no one could have projected that our nation would have a deficit of $1.4 trillion in fiscal 2009.

In the same way, no one knows whether the economy will expand or contract over the next few years. No one knows what new legislation Congress might pass in the coming weeks and months. Thus, everyone must continually adjust their projections to account for changing circumstances.

Most of the projections you find in PREPARE are based on the current data available as of early 2014.