America’s economic plight is more difficult. The following three charts highlight the prodigious increase of the national debt with its accompanying interest expense, and the lack of employment growth to support this increase. An oversimplified analogy would be that when a family doubles its debt, more people in that family will have to work to support the increased interest expense. During the past eight years, the national debt has increased almost 100%. It is estimated to be $10.7 trillion dollars by year-end 2008 (see chart #1). Interest expense for the national debt is approaching $500 billion per annum (see chart #2). In other words, solving the current economic downturn and staying at the present 156 million employment base just won’t work (see chart #3). America has to add somewhere between 5 and 10 million new jobs to the current employment base. The only way this can happen is through a socioeconomic change. To see NetGain’s historic review of socioeconomic changes in America, log onto America in the Midst of an Economic Sea Change.

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