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It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
- Thread starter Tauvros
- Start date
Please elaborate on those "$106.5T unfunded national obligations"Quote from bearice:
U.S. Debt Totals $133 Trillion, China Prime Beneficiary of Fed Money Printing
Even if the government could somehow pay off that debt at the rate of, say, $100 MILLION PER DAY, EVERY DAY STARTING RIGHT NOW, IT WOULD TAKE 3,663 YEARS BEFORE THE TOTAL GOVERNMENT DEBTS AND OBLIGATIONS ARE PAID OFF.
Even if Washington were to pay off $1 BILLION per day, it would still take about 366 years before theyâre paid off.
The U.S. Federal deficit at $1.6 trillion
The officially recognized national debt at $12.1 trillion
$3.5 trillion owed to foreign investors
Unfunded national obligations of $106.5 trillion
Another $9 trillion in cumulative deficits over the next 10 years
At least another trillion dollars needed for health care reform!
Grand total: $133.7 TRILLION IN DEBT!
http://www.marketoracle.co.uk/Article15977.html
They don't include welfare or something?
Given the fact that 72 % of our elected politicians are attorneys.
They all seem to argue our constitution are just guidelines...
It's only illegal when your caught and unable to negotiate a confidential settlement.
They all seem to argue our constitution are just guidelines...
It's only illegal when your caught and unable to negotiate a confidential settlement.
Quote from talebi818:
Does the Federal Reserve even have the power to coin money?
That power is for Congress under Article 1 Section 8 of the United States Constitution.
Some bs going on around here
FORGET abt the constituion, the FED can do anything it damn wants
why not print the money straight from the treasury (instead of the fed) and pay off the debt.
if worried about hyper inflation why not just lower the reserve ratio or go to a full reserve system in concert.
Banks already use treasuries as reserves for loans. What would be the difference if they were replaced with money?
if worried about hyper inflation why not just lower the reserve ratio or go to a full reserve system in concert.
Banks already use treasuries as reserves for loans. What would be the difference if they were replaced with money?
What's a "wharehouse"? What do cats have to do with wares? I am all confused...Quote from ken__0:
Are you serious ?
Do you understand F.R.B
Lets say i have a cat house a wharehouse of ware's, and i loaned out my cats that were suppose to be held in storage,,, would that not be considered criminal ?
I know bad analogy ,, i would just like my dollar to be worth more then 2 cents ..
They wont mind if we audit them will they ?
Quote from Martinghoul:
What's a "wharehouse"? What do cats have to do with wares? I am all confused...
wharehouse is a typo for whorehouse. Also, a cat house is slang for a place of prostitution.
Back when I was a pimp, I used to rent out my extra ho's overnight to other pimps that needed ho's.
Then I am even more confused... Why are ho's supposed to be held in storage, as the poster says? Isn't the whole point of having ho's to rent them out? How can that be criminal?Quote from SomeYoungGuy:
wharehouse is a typo for whorehouse. Also, a cat house is slang for a place of prostitution.
Back when I was a pimp, I used to rent out my extra ho's overnight to other pimps that needed ho's.
Well you see this cat house a wharehouse of sorts, stores other peoples cats ... would you want me to loan out your cat ,,Quote from Martinghoul:
Then I am even more confused... Why are ho's supposed to be held in storage, as the poster says? Isn't the whole point of having ho's to rent them out? How can that be criminal?
to lets say to a chinese buffet.
Im rure theyr rill rake reel rood rare of rer