$78.8 Trillion; United States Debt Obligations exceed world GDP; Monetary Collapse Looming?
March 17, 2010 By 10 Comments
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the guy is funny when he laughs
No no screw that. Lets initiate a NEW grand entitlement to grow bigger than those, drastically increase energy costs without foreseeable benefit of any kind, & do away with secret ballots so we can beat up those not voting union
That should straighten out the economy just fine.. oh, & lets buy up every mortgage in America, take over every student loan, & promise to pick up the tab for college tuition if Das youth vant to vork 4 the civilian defense force larger & better funded den da military
Looks like the USA is doomed financially. They might as well own the world if they’re going to pay off their obligations (pardon the pun here!). Looks like the USA wont be able to pay off any of their debts until the year 3000. The USA might as well ask the Federal Reserve to print more money which is very good at doing. In fact, that’s the only solution at their disposal
Reforming Medicare, Medicaid, and Social Security would save more money than reducing military spending. Better yet GET RID OF Medicare and Medicaid. However, the government needs to reduce military spending too.
Don’t ask me! Cut all entitlements for all I care, its not like they’ll be of any use by the time I turn 65.
@Albyiscool ” we have to pay off the debt ” HOW ?! War, entitlements. Amigo ALL of our Federal income tax currently goes to service the interest on the debt. Half of which is owed to the FRB. Info is on the Treasury/ Dept of public debt and the FRB site < but it is very difficult to locate on the FRB site.
i have a feeling that some day America will turn malicious because of this debt, waging war everywhere and refusing to pay debts. lol
even all that you ost will still not pay off the nations debt
we need to walk away from it.. no different then a corporation files chapeter 13
The global elite/money powers are pushing us toward a global cashless (chip) money system! They don’t give a rat’s &*# if the dollar collapses. If it does, it will just pave the way for their plan for complete world governance!
if the dollar collapses, the world collapses. we have to pay off the debt, cut back on the wars, drastically cut entitlements, or we are all royally fucked