17 National Debt Statistics Which Prove That We Have Sold Our Children And Grandchildren Into Perpet

Isn't it pretty much impossible to pay off the national debt? If the country wasn't in debt to the Federal Reserve, then there wouldn't be any money left. Since the Fed prints the money, and the US government gives it some IOUs in exchange, then every dollar in existence is actually just debt to the Federal Reserve, with compounding interest. If we payed off what's owed to other countries, that would take 13 trillion dollars out of circulation, of which the Federal Reserve would re-issue to the government and the banks, or raise the interest rate in order to compensate...I would think. It seems to me that all this hooplah about the national debt is just BS, as there is really no way that our country can ever NOT be in debt, to someone....it's a system of central banking control, and it's working quite well.

This video says it all - suitable for children as well as the generally ignorant public.

I wonder at what point someone realises it can't carry on and pulls the plug on the spending, starts moth-balling the 10+ carrier fleets, the 800 bases around the world, the billions in black projects, the billions in 'aid' to other countries, etc?

It's like watching a madman in a casino gambling away all the money he had, and all the money he is ever going to have in the future, on just one more throw of the dice...

reply to post by Dagar


To be more accurate, said madman is also robbing everyone else in the casino and gambling with their money as well lol.

Originally posted by TKDRL
reply to post by Dagar

 

To be more accurate, said madman is also robbing everyone else in the casino and gambling with their money as well lol.

Yep ... forgot about THAT aspect of it

Have a star for correcting my omission

Eh, this is just alarmist nonsense. Raise taxes on the upper 5% of the wealthy. Problem solved.

We need to worry about Medicare more than we do the deficit. It'll run out of money in less than 6 years. This whole hoopola over future generations being in debt is just alarmist nonsense. Problem goes away if taxes are raised, and btw it's actually at a historical low. The rich were taxed much more heavily back in WWII.

Oh, and maybe stop sending our uniformed assassins to occupy foreign countries and kill civilians would be nice too.

Originally posted by 46ACE
Nce try its been thought of already: ( by "the onion"!):

edit on 31-12-2010 by 46ACE because: (no reason given)

edit on 31-12-2010 by 46ACE because: (no reason given)

Haha, yeah. Have you seen the Modern Warfare three trailer? Thats was good.
How about the world of warcarft trailer? Man, it was funny.

-Naeem

Originally posted by aRogue
Stupid question but...

Who does America owe the debts to, and if those nations wanted it to be payed back in full asap (for whatever reason), what would happen?

America Owns those debts back to the federal reserve. The Fed Is NOT a Government owned business. They print out one dollar and loan it to the government. In turn, the government must pay back that dollar PLUS interest. Where does the money come from to pay back the interest you ask? The Government goes back to the fed to get them to make more money, thusly creating more interest that is virtually impossible to pay back. It goes like this folks:

America needs 1 dollar.
Fed Prints 1 dollar.
America has 1 dollar.
America owes Fed 1.25 dollars for their services. (not exact numbers, just showing the interest)

So even if America took that entire dollar and gave it back to the fed, they would still need that extra 25 cents to pay for the interest. In short, the dollar is a system built on debt and the only reason anyone has any "wealth" is because of debt. When you break it all down at the end of the day 1 American dollar could be compared to, one unit of debt.