Mr. Fixit and the FACTS . . .

To paraphrase the US Constitution:  “We hold these facts to be self evident; we’re in deep dodo!”

This is one of those “decide for yourself” blogs.  These are the facts as I know them:

For the USA:

    • A $16.3 trillion National Debt, on a GDP of $15.1 trillion (debt is nearly 110% of income)
    • 47 million people on food stamps
    • Over $222 trillion of unfunded Federal entitlement liabilities
    • Over $5 trillion of unfunded State entitlement liabilities
    • True unemployment above 20%.
    • True inflation above 5%.
    • A stock market at the same level as 1999, with a 10 year expected annual return of less than 4% – Stocks for the really, really long run. 10 year bond returns of 0% will be a miracle.
    • A savings rate of 3.7% and with Bernanke’s ZIRP, no incentive to save. Real hourly earnings continue to fall.

For the UK:

  • As of Q1 2012 the UK national debt amounted to £1,278.2 billion, or 86.8% of total GDP
  • In 2012 the interest on the UK national debt will cost £44.8 billion a year. That’s more than is spent on the national defence
  • The official unemployment rate is approx. 8% , but the unofficial rate rises to nearly 20% if one includes those looking for work (but not registered) and those in part-time work trying to find full-time employment.
  • Economy growing at just under 1.0% per year
  • The UK must borrow nearly £121 billion, or over £2 bn a week to meet its expenditures
  • The UK funds the EU to the tune of £10.8B annually

It is what it is and there is no use looking backward as to who did what.  It’s definitely time to move forward with real solutions, not more rhetoric or debate.

What’s the plan, Stan?

Mr. Fixit and millions of others living in the US and UK want to see real, courageous, fixit plans from our elected officials.  Now!

John R Childress

About johnrchildress

John Childress is a pioneer in the field of strategy execution, culture change, executive leadership and organization effectiveness, author of several books and numerous articles on leadership, an effective public speaker and workshop facilitator for Boards and senior executive teams. In 1978 John co-founded The Senn-Delaney Leadership Consulting Group, the first international consulting firm to focus exclusively on culture change, leadership development and senior team alignment. Between 1978 and 2000 he served as its President and CEO and guided the international expansion of the company. His work with senior leadership teams has included companies in crisis (GPU Nuclear – owner of the Three Mile Island Nuclear Plants following the accident), deregulated industries (natural gas pipelines, telecommunications and the breakup of The Bell Telephone Companies), mergers and acquisitions and classic business turnaround scenarios with global organizations from the Fortune 500 and FTSE 250 ranks. He has designed and conducted consulting engagements in the US, UK, Europe, Middle East, Africa, China and Asia. Currently John is an independent advisor to CEO’s, Boards, management teams and organisations on strategy execution, corporate culture, leadership team effectiveness, business performance and executive development. John was born in the Cascade Mountains of Oregon and eventually moved to Carmel Highlands, California during most of his business career. John is a Phi Beta Kappa scholar with a BA degree (Magna cum Laude) from the University of California, a Masters Degree from Harvard University and was a PhD candidate at the University of Hawaii before deciding on a career as a business entrepreneur in the mid-70s. In 1968-69 he attended the American University of Beirut and it was there that his interest in cultures, leadership and group dynamics began to take shape. John Childress resides in London and the south of France with his family and is an avid flyfisherman, with recent trips to Alaska, the Amazon River, Tierra del Fuego, and Kamchatka in the far east of Russia. He is a trustee for Young Virtuosi, a foundation to support talented young musicians. You can reach John at or
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1 Response to Mr. Fixit and the FACTS . . .

  1. Panic on the streets of London, I wonder to myself ..


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