A shocking discovery about the "National Debt"

Ok I got to seeing all the news stories about the national debt and how every american owes in the thousands.

I decided to put that to the test...

Source for Raw info page

I pulled up the year 2014 which is the last year with actual numbers.

Year GDP Population(in Millions) Debt in Trillions Actual/Estimated
2014 17.244 319.634_________________17.79_________ a

Divided the debt between the population.

17,790,000,000,000 / 319,634,000

Here is the Actual number Each citizen of the US owes as of 2014

$55,657.41 this is per person...

It was no where near this bad in 1970 (630,000,000,000 / 216,945,000 = $2903.96) , What happened?

How do we fix this?

Do we put all politicians on a spending moratorium ?
Do we cut all non essential services the government provides?

I have stated bringing up a problem with out presenting a solution is just Gritching, I do not want to that if I can avoid it.

I suggest when we get a New president in office no matter who it is, that he calls an emergency meeting of congress that is not allowed to go on vacation, has to sleep on cots in the chamber until a real budget that puts America back at ZERO debt is reached. Not Reached down the Road but with in 4 Years or everyone in government is fired, and new elections are Held. If this means No income tax refunds for four years so be it, if it means no research money for mating habits of snails it does not matter. If it means Duplicate services provided by alphabet soup are cut ok I do not think we honestly need NSA,FBI,CIA,TSA,Secret Service,Police,Constables and Sheriffs we could Reduce to maybe just Two or three, Duly Elected Sheriffs and their Appointed Deputies (county/Parish Level) and the FBI (federal Level) plus big maybe a state level like the Texas Rangers. (if cities want a Police level for cities then that is funded 100% by the city). Any program not specifically covered by the US Constitution should be sunset. In the case of Medicare turn that over to the state level government, In the case of SSI set a cut off age that is still young enough to earn a retirement, Those people and younger no longer have it deducted from their check. The ones over the cut off age still pay into the system until they are drawing it. The payments for SS go out until the last person drawing it is dead. (this ensures no grannies are thrown under the bus).

Couple this with Congress must reach Zero by the end of four years, And no new spending until they maintain a return to Zero or even better A Surplus above Zero, not a surplus above Base line for Four Years after that.

Of course this means all financial aide to other counties gets cut flat off, but then we avoid having to borrow also. And there would be no need for bank bail outs or bail ins, no Greece level posterity measures.

America could be financially on top again.

There we go a Proposed Solution.

Something to chew on for the weekend

CoBaZ

a reply to: CoBaZ

Obama doubled the national debt in his 7 years in office. He did in 2 terms what all other Presidents combined didn't do. He is just that good.

Of course it was and still is...Bush's fault, right ?

I think it is Every Congress and President starting with and since Ford's fault. But the President is there to take the blame and rubber stamp it.

What national debt? You mean those numbers on paper? Congress will simply raise the ceiling again and congradulate themselves for another disaster averted.

The Fed prints money at will, the only real debt there is is for the bean counters. As long as the spice flows (oil) and is sold in USD, there is no debt.

a reply to: NewzNose

If you take out the interest from the debt he got when he became president, is debt is less than the 8 years of bush.

That is something that can't be fixed . When it crashes and it surely will the crash will take care of the USD .

Must be the Agricultural upbringing in me, the crazy notion that Everything can be fixed with enough Sweat and Elbow Grease.

Its intentional. Collapse the systen then start a new one. The New world order. Bush, clintons, Obama are all banker puppets. Bankers like rothschilds who are zionist fake jews. They are actually Lucifer worshipping freaks posing as Jews

a reply to: dukeofjive696969

Bush would have gained prior debt and interest too...if you are goona do one, gotta do both.

Nothing wipes out debt like war

originally posted by: dukeofjive696969
a reply to: NewzNose

If you take out the interest from the debt he got when he became president, is debt is less than the 8 years of bush.

Bush did 6 trillion in 8 years, Obama did more than that in his first 4 years. You just lied. And are you suggesting we keep the interest in for Bush, and then only take it our for Obama?

Kind of disgusting.

originally posted by: NewzNose
a reply to: dukeofjive696969

Bush would have gained prior debt and interest too...if you are goona do one, gotta do both.

Even if we left the interest for Bush and took it out for Obama it's wrong. Obama still added more.

Haha . . . . well here is a little graph showing where most of the revenue from the federal government used to come from until 2015.

Nationalpriorities.org (2014 political activist group)

Corporations are responsible for 13.5% of federal revenue, down from nearly 40% in the 1940's and hovering around all-time lows.

Now, corporate income as a share of GDP:
The decline in labor’s share of corporate income since 2000 means $535 billion less for workers

Between 2000 and the second quarter of 2015, the share of income generated by corporations that went to workers’ wages (instead of going to capital incomes like profits) declined from 82.3 percent to 75.5 percent, as the figure shows. This 6.8 percentage-point decline in labor’s share of corporate income might not seem like a lot, but if labor’s share had not fallen this much, employees in the corporate sector would have $535 billion more in their paychecks today. If this amount was spread over the entire labor force (not just corporate sector employees) this would translate into a $3,770 raise for each worker.

That is just in the last 15 years.

So you have corporations eating up an even larger portion of the national income and paying less and less in taxes.

Not that this would close the gap, clearly there is a spending issue, but there is also a clear cut inequality in the amount taxes paid by income.

-FBB



//edit
More info

Corporate (after tax) profits have been increasing as a percentage of GDP for some time now as well. Just the 60 largest US companies have parked over 166 billion dollars (over 1% of GDP) off shore which is nearly 40% of their profits.

Why Have Corporate Profits Been Rising As A Percentage Of GDP? Globalisation

So many explain it away with globalisation.

However it is very difficult to find solid numbers on the numbers for total revenue by corporations vs individual incomes that are clear and concise about what is what and going where.

Anyways the biggest problem is spending
//edit

a reply to: OccamsRazor04

Never said we couldn't count the interest under Obama.

originally posted by: OccamsRazor04

originally posted by: dukeofjive696969
a reply to: NewzNose

If you take out the interest from the debt he got when he became president, is debt is less than the 8 years of bush.

Bush did 6 trillion in 8 years, Obama did more than that in his first 4 years. You just lied. And are you suggesting we keep the interest in for Bush, and then only take it our for Obama?

Kind of disgusting.

Obama is at $6.167 trillion added since hes been president, under bush it was $5.849 trillion. Now count the interest and inflation.

Ive never said you cant count the same for bush, but your the one lying cause obama is at 6 trillion after 7 years, not 4.

Numbers are your friend.

originally posted by: visitedbythem
Its intentional. Collapse the systen then start a new one. The New world order. Bush, clintons, Obama are all banker puppets. Bankers like rothschilds who are zionist fake jews. They are actually Lucifer worshipping freaks posing as Jews

correct....good to see posters with fertile minds these days....thanks

originally posted by: FriedBabelBroccoli
Haha . . . . well here is a little graph showing where most of the revenue from the federal government used to come from until 2015.

Nationalpriorities.org (2014 political activist group)

Corporations are responsible for 13.5% of federal revenue, down from nearly 40% in the 1940's and hovering around all-time lows.

Now, corporate income as a share of GDP:
The decline in labor’s share of corporate income since 2000 means $535 billion less for workers

Between 2000 and the second quarter of 2015, the share of income generated by corporations that went to workers’ wages (instead of going to capital incomes like profits) declined from 82.3 percent to 75.5 percent, as the figure shows. This 6.8 percentage-point decline in labor’s share of corporate income might not seem like a lot, but if labor’s share had not fallen this much, employees in the corporate sector would have $535 billion more in their paychecks today. If this amount was spread over the entire labor force (not just corporate sector employees) this would translate into a $3,770 raise for each worker.

That is just in the last 15 years.

So you have corporations eating up an even larger portion of the national income and paying less and less in taxes.

Not that this would close the gap, clearly there is a spending issue, but there is also a clear cut inequality in the amount taxes paid by income.

-FBB

//edit
More info

Corporate (after tax) profits have been increasing as a percentage of GDP for some time now as well. Just the 60 largest US companies have parked over 166 billion dollars (over 1% of GDP) off shore which is nearly 40% of their profits.

Why Have Corporate Profits Been Rising As A Percentage Of GDP? Globalisation

So many explain it away with globalisation.

However it is very difficult to find solid numbers on the numbers for total revenue by corporations vs individual incomes that are clear and concise about what is what and going where.

Anyways the biggest problem is spending
//edit

Ding ding ding we have a winner

How do you fix this ? you all get trundled off to fight a war in the middle east and no one gets to come back home. Its pure and simple, right from the onset of your debt system it always relied on conquest to steal the wealth to be solvent, now the gig is up with the BRICS Dollar and the Yuan coming onstream as the new world currency I can see whats going to happen all the way over here in Australia.

originally posted by: GBP/JPY

originally posted by: visitedbythem
Its intentional. Collapse the systen then start a new one. The New world order. Bush, clintons, Obama are all banker puppets. Bankers like rothschilds who are zionist fake jews. They are actually Lucifer worshipping freaks posing as Jews

correct....good to see posters with fertile minds these days....thanks

Thank You.
You are awake

a reply to: CoBaZ

Easier solution.

Just freeze all federal spending at current levels and cancel NAFTA.

After 10-15 years, the economic growth would outstrip and pay off the entire dept.