Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

How much money do we really owe? More than the government is saying and amnesty will kill us
Coach is Right ^ | 11/11/14 | Kevin "Coach" Collins

Posted on 11/11/2014 8:55:06 AM PST by Oldpuppymax

Amnesty will kill us. It will cripple our ability to get out of debt.

Since Barack Obama took office we have watched helplessly while he ran up our debt using our future earnings as collateral. As ordinary Americans we are limited in our ability to visualize and actually get a true understanding of the magnitude of our debt.

We hear numbers that start in the hundreds of billions and run to the trillions. These numbers lose their meaning and their impact because of their enormity. The current best guess is that we owe nearly 18 trillion dollars. That much money arranged in stacks of dollar bills can equal the size and height of big city skyscrapers; but when unfunded mandates are included we can build a small city.

We no longer even have an understanding of how our dollars and our debt relate to each other; what our money actually represents. One theory of the value of dollars that might be helpful is the “Man Hours or Man Years” (MHMY) measurement.

Using MHMY if we set a worker’s average pay at $20.00 per hour or $40,000 a year our economy is worth $840 billion Man Hours or 420 million Man Years. Fortunately the average American’s wage is $44,888 which helps a bit. By that measurement our national MH are at around $462 billion and our MY are about $925 billion.

To grasp how feeble even this impressive sounding number will be in righting our debt ship, combining our recognized debt of $18 trillion and our various unfunded mandates of $250 trillion leaves us with a total debt mountain that will...

(Excerpt) Read more at coachisright.com ...


TOPICS: Government; Politics; Society
KEYWORDS: cash; debt; finance; illegals
Navigation: use the links below to view more comments.
first 1-2021-22 next last

1 posted on 11/11/2014 8:55:06 AM PST by Oldpuppymax
[ Post Reply | Private Reply | View Replies]

To: Oldpuppymax

When it gets to that amount it becomes play money it is worthless as the stuff you play monopoly with it will never get repaid they all know it what will happen is we will become a 3 rd world nation at best but I think we will sink much lower than that


2 posted on 11/11/2014 9:04:34 AM PST by al baby (Hi MomÂ…)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldpuppymax

The dollar cost of Amnesty is not the big issue.

The real cost will be our nation. Importing 40 million Mexicans is simply importing a different nation and making them the real electorate.

The intention of Amnesty is to replace the Americans with a different populace.

The loss of the country and the nation is what is at stake.

It’s not immigration, it’s invasion.


3 posted on 11/11/2014 9:05:22 AM PST by Regulator
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldpuppymax

At least the Roman Empire never devalued (inflated) its currency. As far as I know.


4 posted on 11/11/2014 9:06:15 AM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldpuppymax

If you want to get totally depressed, read Dave Stockman’s book The Great Deformation. All 768 pages.


5 posted on 11/11/2014 9:06:59 AM PST by nascarnation (Impeach, Convict, Deport)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Don Corleone

One of the last acts of the Roman Empire was to make huge numbers of non-Romans into citizens, that was the death knell


6 posted on 11/11/2014 9:09:01 AM PST by turducken
[ Post Reply | Private Reply | To 4 | View Replies]

To: Oldpuppymax

Milton Friedman pointed out that you can have open borders or you can have a welfare state but you can’t have both and survive even a generation.


7 posted on 11/11/2014 9:09:23 AM PST by circlecity
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldpuppymax

It's what you do if you hate a country and want to destroy it.

8 posted on 11/11/2014 9:11:25 AM PST by ClearCase_guy (Democrats have a lynch mob mentality. They always have.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ClearCase_guy; Oldpuppymax
ClearCase_guy :" It's what you do if you hate a country and want to destroy it."

Its what you do when you put in Timothy Geitner in charge of the Treasury ,
and then you put Rahm Emmanual to supervise Geitner and be his boss.
It explains why the comon term at the Treasury Dept. was : "Rahm wants it " (with no further explaination necessary).

9 posted on 11/11/2014 9:30:17 AM PST by Tilted Irish Kilt
[ Post Reply | Private Reply | To 8 | View Replies]

To: Oldpuppymax

From the beginning, Obama has had only ONE major goal .. DESTROY AMERICA.

His philosophies of life were taught to him through Communism, Socialism, Marxism and Islam. Now, Just what do you think he believes about America ..????

His purpose is to make America SUFFER the way Obama believes America has made the rest of the world suffer.

If he overruns the country with all these illegal people; they will have no food, no housing, no job, no money; and Obama believes America deserves to experience what the rest of the world experiences.

You can’t get a much more screwed-up, illogical, ignorant opinion than that .. but Obama believes he’s doing the world a big favor by tearing this country apart.

The FACT the dems have supported this attack upon our country .. they deserved the total drubbing they got.

Now, the real issue is .. will the repubs continue to cow-tow to the dems .. instead of continuing the WAVE ..??

Remember; get the phone numbers and email of your reps in Congress and whenever you see something going on that you don’t agree with .. GET ON THE PHONE AND LET THEM HAVE IT.

We must hold these new legislators accountable. If Boehner and McConnell continue to listen to the dems .. we are going to be in really big trouble. The only way to stop it is to get on the phone and let them know we don’t like what they’re doing .. and they need to stop following the lead of the dems.

HERE’s A CLUE: CALL THEIR LOCAL OFFICES .. IT REALLY WORKS LIKE GANGBUSTERS. When they find out the people in their local districts are paying attention to what they’re doing .. they can change their behavior very quickly.


10 posted on 11/11/2014 9:34:01 AM PST by CyberAnt ("The hope and changey stuff did not work, even a smidgen.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: ClearCase_guy
The only kind of people who could implement Cloward-Piven are psychopaths. People with no conscience.

What do we do about it?

First, we have to realize who we are dealing with and then we resist them to their faces with every fiber of our being.

11 posted on 11/11/2014 9:35:22 AM PST by Slyfox (To put on the mind of George Washington read ALL of Deuteronomy 28, then read his Farewell Address)
[ Post Reply | Private Reply | To 8 | View Replies]

To: ClearCase_guy

So far Obama&CO have done every one of them.


12 posted on 11/11/2014 9:39:45 AM PST by Vaduz
[ Post Reply | Private Reply | To 8 | View Replies]

To: turducken

I’ve never heard that, but it makes sense.

Can you point me to a source on this?


13 posted on 11/11/2014 9:41:45 AM PST by Loud Mime (Liberalism cannot survive without conservatives to fund it.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Oldpuppymax

$18T?? He left off a 0 somewhere...entitlements (including those some even here believe they’ve ‘pain into’) tally over $120T.

That’s no whole one can EVER dig out from...


14 posted on 11/11/2014 9:41:49 AM PST by i_robot73 (Give me one example and I will show where gov't is the root of the problem(s).)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldpuppymax

Well, the idiot politicians think that amnesty will actually help with the debt, because us natives are not breeding fast enough to keep their liabilities funded.


15 posted on 11/11/2014 10:05:38 AM PST by Boogieman
[ Post Reply | Private Reply | To 1 | View Replies]

To: Don Corleone

“At least the Roman Empire never devalued (inflated) its currency”

Yes, they did:

“Upon his accession Commodus devalued the Roman currency. He reduced the weight of the denarius from 96 per Roman pound to 105 (3.85 grams to 3.35 grams). He also reduced the silver purity from 79 percent to 76 percent – the silver weight dropping from 2.57 grams to 2.34 grams. In 186 he further reduced the purity and silver weight to 74 percent and 2.22 grams respectively, being 108 to the Roman pound.[2] His reduction of the denarius during his rule was the largest since the empire’s first devaluation during Nero’s reign.”

http://en.wikipedia.org/wiki/Commodus


16 posted on 11/11/2014 10:06:45 AM PST by Boogieman
[ Post Reply | Private Reply | To 4 | View Replies]

To: Loud Mime

check out this link:

http://www.tothepointnews.com/content/view/2778/87/


17 posted on 11/11/2014 10:11:46 AM PST by turducken
[ Post Reply | Private Reply | To 13 | View Replies]

To: Oldpuppymax
Here's part of the honest, nonpolitical story of the debt problem. It will only be solved through the completion of the default process and deposition of the real parasites.

Heavy Hitters: Top All-Time Donors, 1989-2014
http://www.opensecrets.org/orgs/list.php
American Fedn of State, County & Municipal Employees $60,949,129 [Democrat] 81% [Republican] 1%”

Leviathan (Uncle Sam employs more people than you think)
National Review ^ | 02/03/2011 | Iain Murray
"...nearly 40 million Americans employed in some way by government."

More Than 101 Million Working Age Americans Do Not Have A Job
http://www.freerepublic.com/focus/f-bloggers/3005481/posts

America’s Ruling Class — And the Perils of Revolution
http://spectator.org/articles/39326/americas-ruling-class-and-perils-revolution

The Fragmenting of the New Class Elites, or, Downward Mobility
http://volokh.com/2011/10/31/the-fragmenting-of-the-new-class-elites-or-downward-mobility/

Environmentalism and the Leisure Class
http://www.freerepublic.com/focus/f-news/2835601/posts

The New Upper Class and the Real Reason We Dislike Them
http://www.freerepublic.com/focus/news/2843575/posts

Are you a member of the political class?
http://www.americanthinker.com/blog/2010/08/are_you_a_member_of_the_politi.html

Downton’s Class System — and Ours: We have a ruling class that despises the free market and does...
http://www.freerepublic.com/focus/f-news/3024119/posts

The War on Humans
http://www.youtube.com/watch?v=RWcEYYj_-rg


The rest of the story is about local regulations against owner-building, regulations against starting small production shops and decades of corporate and judicial pushes for a society of adultery, divorce and cohabitation (family busting).


18 posted on 11/11/2014 10:16:33 AM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldpuppymax

Politicians will be able to vote themselves perks and pay raises so they don’t care. Federal unions will be able to extort tax payers for more money so they don’t care. The Welfare queens will still get their Obamaphones and food stamps. Banks will get bailed out. If you’re managing to make enough money to pay taxes you’re screwed.

Welcome to Greece. The underground barter economy will thrive so prepare for that.


19 posted on 11/11/2014 11:13:05 AM PST by Organic Panic
[ Post Reply | Private Reply | To 1 | View Replies]

To: familyop

Nice Post!


20 posted on 11/11/2014 12:42:16 PM PST by Pagey (HELL is The 2nd Term of a POTUS who uses the terms “social justice” and “fair distribution".)
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-22 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson