I get many web sites from friends because they know what my interests are. The other day I received this one. <http://www.kpcb.com/usainc/USA_Inc.pdf > with the notation “when you have time”. The subject was a “Basic Summary of America’s Financial Statement” by Mary Meeker published in February 2011. In the words of the Author “It includes a 2-page foreword; a 12-page text summary; data-rich observations. There’s a lot of material – think of it as a book that happens to be a slide presentation.”

I approached this report with the cynicism I often approach any report. This report was not a report with a patrician political agenda. It was a report on the US financial condition. It is a report well worth reading. For the very busy I recommend reading the summary only. This gives a insight into the dilemma of our federal budget.

Income and social tax and does not cover the cost of Social Security and Medicare! This is not sustainable. So what is the solution? This question has lead me to other web sites. Check this U tube site out. http://www.youtube.com/watch?v=fIqyCpCPrvU And watch one, two and three. (Note how the speaker things only the rich can invest)

As a balance check this site out for a more progressive view by a English economist. http://www.youtube.com/watch?v=0CjNlyiDAno&feature=related

The solution? My opinion on the next Blog.