09-25-2009, 08:33 PM
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#20
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Avalon Senior Member
Join Date: Feb 2009
Posts: 328
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Re: What is the US National Debt this Minute?
Quote:
Originally Posted by Fredkc
Oh my gosh! $12 Trillion!
We should be so lucky!
In your dreams! 
First of all, that is only the amount of debt government acknowledges. Remember that govt has long ago switched to a "peek-a-boo" system of determining what is, and isn't debt.
I'll get to "reality" in a second, but for now, let's go with that $12T figure.
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We are roughly $60 Trillion in debt!
And neither political power in fashion will STOP Spending!!
When you add up, state, federal, and local taxes, and fees, the majority of us are already forking over 50% of what we earn to government. They obviously don't think that's enough, or they would STOP Spending!! To this they continually add the insult that we are a "free people".
Compare that to the fact feudal serfs only paid 25-30%. 
Have a nice day 
Fred |
Hi Fred, I appreciate your analyses. Just add a few hundred Trillions to your total amount.
Also have been discussions of fraudulent creation of debt, derivative totalizing more than 5000 of TRILLIONS???? 
Last edited by artvision; 09-25-2009 at 08:35 PM.
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