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"US Debt Is 3 Times More Than You Think" Warns Former Chief US Accountant
Zero Hedge ^ | 11/08/2015 | Tyler Durden

Posted on 11/08/2015 11:14:13 AM PST by SeekAndFind

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To: SeekAndFind

Solution is easy. Raise fed income tax to 75 percent of pay. Increase minimum pay to $500/hour. Use increased tax revenue to pay down debt. Whatever is left can be used to rebuild federal offices once the rioting ends.


41 posted on 11/08/2015 3:01:41 PM PST by roadcat
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To: Aria
How many choices have we had, how may lies have we been told, how many coverups by the media? It’s only recently that we’ve been able to learn more of the truth. I hope it’s not too late.

Give me a break. The SS and Medicare Trustees have been warning us for decades that our entitlement programs are unsustainable. They issue public reports every year.

42 posted on 11/08/2015 3:02:24 PM PST by kabar
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To: kabar

But the parties have been lying to us - both of them - and the betrayal has become too blatant and the size of the national debt is now catastrophic. At least now we have more access to information than the New York Times and the Washington Post.


43 posted on 11/08/2015 3:24:06 PM PST by Aria
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To: Aria
Lying to you about what? Treasury puts out daily information about the national debt. The Debt to the Penny and Who Holds It

The information has always been public knowledge. The politicians depend on the uninformed, lazy voter who can be manipulated and deceived. We have always had access to the information.

44 posted on 11/08/2015 3:35:46 PM PST by kabar
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To: kabar

Like Hillary’s missing 6 billion, etc. etc. etc.


45 posted on 11/08/2015 3:38:52 PM PST by Aria
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To: Aria

That information was published in a State Department IG report that is issued publicly.


46 posted on 11/08/2015 3:47:20 PM PST by kabar
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To: kabar

And where did the money go? And who could have stopped it from going missing?

Are you telling me you think our politicians are honest?


47 posted on 11/08/2015 3:55:58 PM PST by Aria
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To: FreedomNotSafety

Debt is only a problem if you intend to pay it back.


48 posted on 11/08/2015 4:09:36 PM PST by griswold3 (Just another unlicensed nonconformist in am dangerous Liberal world.)
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To: kabar

Eggactly!


49 posted on 11/08/2015 4:11:17 PM PST by griswold3 (Just another unlicensed nonconformist in am dangerous Liberal world.)
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To: Aria
And where did the money go? And who could have stopped it from going missing?>

You need to read the report. State Department’s Inspector General Steve Linick warned “significant financial risk and a lack of internal control at the department has led to billions of unaccounted dollars over the last six years.”

Are you telling me you think our politicians are honest?

No. But they are accountable to we the people. It is our fault if we do not hold them accountable for their actions.

50 posted on 11/08/2015 4:12:59 PM PST by kabar
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To: kabar

Yes, it’s our fault - especially if we believe their campaign promises and we have no one else to vote for except 2 sides of the same coin.

This time we do....I hope we don’t blow it.


51 posted on 11/08/2015 4:21:07 PM PST by Aria
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To: EternalVigilance

Thanks. But I believe our children have no obligation to honor our debts.


52 posted on 11/08/2015 9:25:19 PM PST by FreedomNotSafety
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To: griswold3

I agree. I will make sure my children do not to repay the Greatest Profligate Generation’s debt.


53 posted on 11/08/2015 9:28:27 PM PST by FreedomNotSafety
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To: Steely Tom

I knew I’d heard that formulation but couldn’t remember where. Thank you.


54 posted on 11/08/2015 9:31:21 PM PST by sparklite2 (All will become clear when it is too late to matter.)
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To: FreedomNotSafety

While that’s certainly true, the casualty will then be the full faith and credit of the United States. Which will result in the same financial destruction for our posterity.


55 posted on 11/08/2015 10:30:21 PM PST by EternalVigilance
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To: EternalVigilance

It could be nasty but it need not be aramageddon. The author is talking about not just treasury debt but social obligations. I am suggesting they refuse to pay the social pile of sshiite.


56 posted on 11/09/2015 4:44:16 AM PST by FreedomNotSafety
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To: SeekAndFind

“Walker called for Democrats and Republicans to put aside partisan politics to come together to fix the problem.”

Ha, ha, ha, never going to happen, the dems and repubs are why we are in this mess. They are all, like Milton said in paradise lost, “it is better to rule in hell than be subservient in heaven”. So we are in hell and they are ruling us. All is lost, it is way pass time to being back the principals of the founding fathers and the constitution.


57 posted on 11/09/2015 5:32:33 AM PST by 2001convSVT (Going Galt as fast as I can.)
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To: FreedomNotSafety

Well, then I agree with you.

Shut down every unconstitutional program and agency and we’ll be well on our way back to fiscal health.


58 posted on 11/09/2015 7:05:40 AM PST by EternalVigilance (Without God, all you are left with are empty "isms.")
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