by John Vodila
Maybe I am to much in touch with reality and these days this makes me ignorant or something but isn’t the US in debt trillions of dollars? Look I have heard experts say even if the government collected 100% of all income this would still not cover their spending, I have heard from experts that for every man woman and child in the United States we are now somewhere around $42,000 in debt each to pay back 12 trillion and growing everyday.
Peter Schiff, of course we are not going to pay the Chinese back
Peter Schiff an American stock broker, economist, author, financial news commentator, video blogger, the president of Euro Pacific Capital and a 2010 candidate for the U.S. Senate has come out and stated “of course we are not going to pay the “Chinese back”. View the video to the right.>
We have Hillary Clinton that believes we need to be further in debt, below is her statement from an MSNBC article from Feb 2009.
Clinton urges China: Don’t stop investing in us
“She says U.S. debt necessary to get consumers buying Chinese goods
In order to boost the economy, the U.S has to incur more debt, she said. “It would not be in China’s interest if we were unable to get our economy moving,” Clinton said. “So by continuing to support American Treasury instruments, the Chinese are recognizing our interconnection. We are truly going to rise or fall together. We are in the same boat. “
Here is the link – http://www.msnbc.msn.com/id/29324392/
So let me see if I have this figured out, if you are in debt beyond anything you can ever pay and have all intentions of going further in debt this makes your credit rating go up.
Funny thing, it sure doesn’t work that way for the peasants. Can you say double standards?
Folks, we are paying dearly for these double standards.
Moody’s says in there analysis, “We expect the situation to further deteriorate in terms of the key ratings metrics before they start stabilizing,” Cailleteau said. “This story is not going to stop at the end of the year. There is inertia in the deterioration of credit metrics.”
To further deteriorate?
If I am just late on one credit card payment after being on time for more than a decade I get my interest rates jacked to the moon, and there goes the credit score, so can someone tell me how a government that is trillions of dollars in debt and bankrupt, yes bankrupt and has been sense 1933 has a AAA credit rating? I know I am just full of questions, here is a quote to back up the bankrupt statement.
“It is an established fact that the US Federal Government has been dissolved by the Emergency Banking Act,March 9 1933 (48 stat. 1,Public Law 89-719) declared by President Roosevelt,being bankrupt and insolvent…the US Federal Government exists today in name only ”
- James Traficant JR, (quoting from the Congressional Record of March 17th 1993 (vol 33,page H-1303)
Who is fooling who here?
The dollar is on the brink of complete collapse, the only reason we are all not homeless on the street’s right now is because they are running the printing presses at full speed printing funny money and it just isn’t funny anymore.
Where did the 9 trillion dollars go?
Then to top Hillary Clinton’s comment of Americans need to be more In debt we have the unanswered question of -Where did the 9 trillion dollars go? $30,000 debt for every man women and child in the US… Watch the video to the right it is the definition of incompetence and corruption!(Warning you might want to put a strait jacket on before watching this, if you are on heart meds make sure you have taken them!! )
What’s a trillion dollars?
What is a trillion dollars is from 100777.com
A trillion dollars = $1,000,000,000,000.
That’s 12 zeroes to the left of the decimal point. A trillion is a million million dollars.
The U.S. government spends more than the entire Gross Domestic Product (GDP) of Australia, China and Spain combined. If you laid one dollar bills end to end, you could make a chain that stretches from earth to the moon and back again 200 times before you ran out of dollar bills! One trillion dollars would stretch nearly from the earth to the sun. It would take a military jet flying at the speed of sound, reeling out a roll of dollar bills behind it, 14 years before it reeled out one trillion dollar bills.
What is frightening is that government will continue to grow in America unless citizens prevent it. If government stays on the course it’s been on for the past forty years without a radical change, the federal government will have a $10 TRILLION BUDGET by the year 2010.
Foolish politicians make pronouncements about the strength of the economy. The total debt obligation of the United States now exceeds 46 TRILLION DOLLARS.
American workers now net almost 30 percent less in real wages than they did in 1973. After taxes, two paychecks in a family barely equal the purchasing power one had thirty years ago.
End from 100777.com
Triple A Credit my foot, seems to me some people need to visit the AAA.
We are on a knifes edge with disaster on both sides, beware the tsunami is on the horizon.
It will be either total collapse or hyper inflation that will rival Zimbabwe.
The same thing that caused Zimbabwe, Argentina and all the rest of the collapses will be the same demise for us here in the United States, CORRUPTION! One thing for sure is there’s no shortage of that.
If you would like more information on how, who and why all this has happened visit my taxes and money page by clicking here.