Drain the Swamp, Tame the Alligators (why we have to do it, who will do it and when)

How deep is the swamp (Federal and State governments) and what are the Alligators? The American Chamber of Commerce debt clock in New York City is the only source of transparency for watching second by second the expanse and depth of the swamp by alligator www.usdebtclock.org.  The biggest are: 22 million Federal, State and Local government employee’s nationwide (LA’s Homeless Dept of 20,000 employees making $120,000 per) $1.2 trillion annual payroll for government employees (salaries range from $125,000 to $63,000 per employee) $10.3 trillion employee benefits for government workers (includes accrued unfunded pension benefits for all current employees) $10.7 trillion annual deficit spending for Federal, State and local budgets $82 trillion Federal, State and Local total debt $158 trillion unfunded and under recorded liabilities $20.7 trillion total personal debt Total workers’ compensation $11.5 trillion 18 million unemployed, post pandemic 40 million Federal unfunded pension liability $2 trillion, States unfunded pension liability $6.2trillion, local pension debt $2.1 trillion, Trade deficit $867 billion, China $300 billion Student loan debt $1.7 trillion ($438,000 per student), credit card debt $965 billion ($6,000 per holder), US GDP $21.2 trillion Annual Federal revenue $3.4 total US revenue $7 trillion, US spending to GDP 31% In 2020 the deficit reached a record $4.4 trillion, $4.2 trillion in health care costs and the recorded debt of $28 trillion due to the Pandemic and bailing out the economy for the shutdowns forced upon small businesses that weren’t deemed as essential as government workers, big box stores and the largest corporations. But this is just the tip of the proverbial iceberg … we need to work with all the facts we have at hand. With the new administration coming on and the country still polarized and divided on solutions to problems, not Congressional and political rhetoric on issues … this may push us over the cliff with the decline in Federal and State tax revenues, higher cost of unemployment, cost of vaccines and PPE draining the bank accounts, small businesses closing forever being replace by bigger and bigger box stores and tech companies warehousing data using sublimated algorithms and censoring information, prices rising, profits plummeting and an Administration proposing more taxes, free college education, defunding the police, write-off of college debt, changing the Supreme Court, increasing the minimum wage, free health care that threatens funding for health care entitlements. To help with financial and economic recovery the Chamber of Commerce maintains a Federal, 50 States and Local debt clock (algorithms update the data by the second) in New York City www.usdebtclock.org revealing comprehensive analytical data available for making visible American  Federal and State financial and operational data for the purposes of managing the American Enterprise more effectively. As I will quote figures throughout my books from this source, I advise anyone not concerned about America’s future to be looking at the size of the sinking ship here and around the world. Me being a CPA, I can’t fathom a way out of this disaster other than what I propose in this book. Also, our economists and scientists must take their share of the blame for the predicament we find ourselves in 2021 with national health, social relationships and our government’s report card considering the hidden cost of government and managing society that follows: The top 1% wealth $60.8 trillion, bottom 50% wealth $1.8 trillion, small business assets $12.8 trillion, corporate assets $15.4 trillion, household assets $127 trillion, unrecorded liabilities $158.7 trillion ($479,000 per citizen) as of now.