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The U.S. debt (about 19.287 trillion) is close to 104% of GDP (about 18.558 trillion).

IMF

U.S. Debt Clock


1 posted on 06/15/2016 10:34:37 AM PDT by familyop
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To: familyop

Socialism does not work..thump...socialism does not work..thump...socialism does not work..


2 posted on 06/15/2016 10:50:11 AM PDT by OttawaFreeper ("You'd see a different game if nobody wore a helmet". NY Rangers' Barry Beck 1983)
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To: familyop

It could all go south any time. Be prepared.


3 posted on 06/15/2016 11:09:44 AM PDT by Rennes Templar (President Trump: It's all over but the counting)
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To: familyop

Thanks for posting. Debt drives the socialist agenda.

Socialism Is Legal Plunder

The Results of Legal Plunder

It is impossible to introduce into society a greater change and a greater evil than this: the conversion of the law into an instrument of plunder.

/Bastiat

6. But the grand nostrum will be a public debt…

11. As soon as sufficient progress in the intended change shall have been made, and the public mind duly prepared according to the rules already laid down, it will be proper to venture on another and a bolder step toward a removal of the constitutional landmarks.

/Freneau

DEFUND socialist collectives, foreign and domestic. Watch them whine. It’s easy to…

live - free - republic

How to Identify Legal Plunder

But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.

Then abolish this law without delay, for it is not only an evil itself, but also it is a fertile source for further evils because it invites reprisals. If such a law — which may be an isolated case — is not abolished immediately, it will spread, multiply, and develop into a system.

The person who profits from this law will complain bitterly, defending his acquired rights. He will claim that the state is obligated to protect and encourage his particular industry; that this procedure enriches the state because the protected industry is thus able to spend more and to pay higher wages to the poor workingmen.

Do not listen to this sophistry by vested interests. The acceptance of these arguments will build legal plunder into a whole system. In fact, this has already occurred. The present-day delusion is an attempt to enrich everyone at the expense of everyone else; to make plunder universal under the pretense of organizing it.

/Bastiat


6 posted on 06/15/2016 11:40:39 AM PDT by PGalt
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To: familyop

They forgot to mention that this was all “unexpected”.


7 posted on 06/15/2016 1:00:32 PM PDT by BRK
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To: familyop

To the poster asking if Spain could recolonize parts of South America...this is why not.


8 posted on 06/18/2016 11:37:09 PM PDT by Laser_Ray (Another nifty idea)
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