I owe, I owe, so off to work I go....the national debt

[Jules]

I couldn't decide if this belonged in the General forum or the End Times forum.

http://zfacts.com/p/461.html

This site shows a running total of the U.S. national debt. It's well over 17 t-t-t-t-trillion now.

[Lou Newton]

I couldn't decide if this belonged in the General forum or the End Times forum.

http://zfacts.com/p/461.html

This site shows a running total of the U.S. national debt. It's well over 17 t-t-t-t-trillion now.

Obama spends money that the US Congress (which are not a frugal bunch) has not even approved. He thinks he is King. He spent billions supplying weapons to the terrorists in Libya, and then Egypt, and then Syria. Now we are spending millions every day to fight these same terrorists that` are using the weapons Obama gave them. Look at the photos, they are driving Humvees.

This man should have been impeached years ago. He will bring this nation down if he is able, that has been his plan from the beginning.

Lou

[Baruch]

We spent a million while I was reading this thread.

[Lou Newton]

1st of all, this is NOT the total national debt. Instead this is what they want people to believe. The actual liabilities of the federal government—including Social Security, Medicare, and federal employees' future retirement benefits—already nears 90 trillion. YES, 90 TRILLION. That is approaching 6 times our GDP. - After all many have paid into SS for decades and they are OWED this money in return. The fact that it is not included in the debt shows what they think of the people and that they do not feel that the government owes this money to them. They lump it instead with welfare and call it an entitlement.

2nd - The Federal Reserve is holding interest down way below what it should really be. When our creditors are fed up with this and demand more interest to loan us more money, we may be bankrupt on that day.

3rd - when interest goes up to where it should be we will not be able to pay the interest if you take the entire income of our government to try to pay it. There will not be enough to even pay the interest let alone any principal. It is NOT interest on 17 trillion, but 90 trillion.

Lou Newton

[Baruch]

Very astute observations, Lou. In addition, the interest on loans can never be completely paid back. When fiat is created to float a loan the interest is not created. The only way to pay the interest is to create more debt. I have very meager financial smarts, yet there are two obvious conclusions: 1) it was by design, not an oversight; 2) they lie. The only way out is to default, or buy out of the debt with very precious tangible assets, like um...the nation, the world, the future of mankind, even his eternal soul.

[Lou Newton]

Very astute observations, Lou. In addition, the interest on loans can never be completely paid back. When fiat is created to float a loan the interest is not created. The only way to pay the interest is to create more debt. I have very meager financial smarts, yet there are two obvious conclusions: 1) it was by design, not an oversight; 2) they lie. The only way out is to default, or buy out of the debt with very precious tangible assets, like um...the nation, the world, the future of mankind, even his eternal soul.

You seem to be doing much better than most of the people in this nation about financial matters friend.

Lou