Sep 05 Road Trip!

Economic Reality Summit, Sept 12, 2009 in Fargo ND

Did You Know?

• U.S. National Debt is approaching $12 Trillion dollars (over $38,000 per citizen.
• Unfunded Liabilities for Social Security, Medicare/Medicaid, & Prescription Drug benefits estimated at 59 TRILLION dollars, approx. $192,000 per citizen). Some estimates are much higher.
• Real Unemployment Rate is 16%.
• U.S. Debt held by Foreigners approaching $3.5 TRILLION dollars.
• Interest on the national debt was $451,154,049,950.63 in 2008.
• That is $1.24 BILLION per DAY!

What will you learn?

The Federal Reserve System:

• It's history
• How it functions
• Who oversees/controls it
• The role it plays in our economic system.

The Federal Economic Bailouts:

• Where the money went.
• Who benefits most from the bailouts?
• Economic ramifications for the everyday American citizen.

State of the North Dakota & Minnesota economies and ND property tax options.

Cross-posted at Sue Jeffers' KTLK blog.