Posted on 08/13/2013 9:27:25 AM PDT by Starboard
Today's US National Debt Clock status.
Note especially the bottom line on this page. US unfunded liabilities are $125 trillion which equates to a liability of more than $1 million per taxpayer!
...and the legal limit is blown through without any complaint from Congress.
It will be fine...if it exceeds one hundred eleventy billion, then start panicking.
Congress will look to kick the can down the road yet again. They’re good at doing things like that. Not so good at taking any decisive action (e.g., refuse to fund Obamacare) to help reduce this crushing debt load.
Navy Adm. Mike Mullen, former chairman of the Joint Chiefs of Staff, once said that our debt is the biggest threat to U.S. national security.
So what. We all got our six-pack & latest TV & IPOD & now free health care & our free public school education (indoctrination). Life is great & y'all want to ruin it with a silly ole debt thing.
Let the good times roll! :)
A trillion inches will go 636 times around the earth !!!??? Stop spending stoopid..
” Navy Adm. Mike Mullen, former chairman of the Joint Chiefs of Staff, once said that our debt is the biggest threat to U.S. national security.”
AMNESTY is the biggest threat to U.S. national security, as it will balloon our debt by as much as 30% in 5 years.
Get a grip!
The true total soverign debt of the US is around 250 trillion.
The true total soverign debt of the US is around 250 trillion.
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Your estimate may well be closer to the truth, but at some point, says $100 trillion or more, does it really matter as the idea of paying down even this amount of debt becomes laughable. We’ve already jumped the shark.
There has never been any intention to pay down any debt. The debt will be used as a means to steal the personal wealth of the common man, by levying a tax on that wealth to secure the debt.
That has always been the plan.
US debt clock turned to $16.9T today.
Nothing but crickets from Republicans.
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