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Bureau of public debt: Future Generations of debt slaves

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posted on Feb, 23 2009 @ 07:39 PM
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It has been reported that the only balanced budget in recent history was in 1835.

According to "Historical Debt Outstanding" in the years 1791 - 1849
found HERE

In 1834, the debt, at it's lowest was $33,733.05.

Fast forward to the past decade through today, (2000-2008).

according to Historical Debt Outstanding - Annual 2000 - 2008,

we have doubled our public debt over the last decade.
As seen at the link:


09/30/2008 10,024,724,896,912.49
09/30/2007 9,007,653,372,262.48
09/30/2006 8,506,973,899,215.23
09/30/2005 7,932,709,661,723.50
09/30/2004 7,379,052,696,330.32
09/30/2003 6,783,231,062,743.62
09/30/2002 6,228,235,965,597.16
09/30/2001 5,807,463,412,200.06
09/30/2000 5,674,178,209,886.86


Rep. Michael Burgess, Texas, 26th District speaks in Congress today submits that with TARP 1 &2, the Obama Stimulus package that rushed through although release of funds may not occur until summer, we are obligating future generations to a life of debt in unprecidented amounts.

I believe that all of this and the secrets we will never learn publicly all throw us closer to Global Meltdown.




posted on Feb, 23 2009 @ 07:43 PM
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reply to post by imd12c4funn
 





I believe that all of this and the secrets we will never learn publicly all throw us closer to Global Meltdown.


Actually I think more secrets will come to surface. It is what usually happens when everything begins to fall apart.

Quite a bit has been revealed recently although we still don't yet know the whole story. I think we'll find out more as things continue to get worse.

That's just my opinion though.



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