Maurice  Williamson

 

It was a very enlightening presentation by our Guest Speaker, Maurice Williamson on Monday evening.  

 

Maurice talked about his 30 years in Politics followed by his Consul General role in the United States.  It was very interesting to hear about the role of Consul General.

 

The US national debt as of June 2020stands at more than $25 Trillion.

This represents:

$78,734 to every living person

$201,903 for every household in the United States.

 

from 2000 to 2019, the Federal debt increased by 297%.

 

Maurice used the following slide to show:

 

'How much really is a Trillian Dollars'

If you earn $1 per second, this is how long it will take to earn the following amounts:

 

11.57 Days to earn $1 Million

31.69 years to earn $1 Billion

31,690 Years to earn $1 Trillion

792,000 Years to earn $25 Trillion

 

The national debt is currently larger than the economies of China, Japan, Germany and the United Kingdom combined.

 

This debt could cover the tuition for a four year degree for every student graduating from a U.S. high school for over 60 years.

 

Maurice discussed some of the barriers for attracting politicians including the impact of social media, relatively low remuneration etc.

 

Discussion around the invasion of Ukraine by Russia and the actions of President Putin was very interesting.

 

David McAuley thanked Maurice for coming to be our Guest Speaker.