So, we have eclipsed the point where mandatory spending, Social Security, interest on the debt, etc etc is now larger than the total revenue intake of the US Federal Government.

This is last years chart but it has grown:
http://www.businessinsider.com/the-only-chart-you-need-to-see-to-understand-why-the-us-is-screwed-2011-2

So, let that sink in for a minute. Just “wow” is all I can say, and it scares me. We literally have a very angry tiger by the tail. It can only last so much longer and then the collapse will be far bigger than it was in 2007.

http://www.americanthinker.com/2011/03/quantitative_easing_our_tiger.html

My wife and I are in the mode of full preparations financially for a rough bit of economic headwinds. I expect it to get bad. I just landed a contract with a client that is two years in duration of billable work. I hope this stabilize before its over.

http://www.gao.gov/financial/citizensguide2008.pdf