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A Non-Partisan Look at Government Debt - Great, short look at putting the U.S. Debt and Debt Payment

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posted on Jul, 29 2011 @ 10:25 AM
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This video really puts things in perspective... If our government stopped spending today, it would take us 389 YEARS to pay off the current debt.

edit on 29/7/2011 by Iamonlyhuman because: (no reason given)




posted on Jul, 29 2011 @ 10:37 AM
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reply to post by Iamonlyhuman
 


Dio you realize that if all debt got paid off then there would be nothing left in the economy as all money is represented by the same amount of debt? Under the current system we need continually more debt in order to keep things moving. Thus unless we change the whole system, which will take time we don't have, we just need to go ahead and raise the ceiling. To a man, no one likes it, but it is really our only choice at this point. Hopefully once they get this done, they will start to discuss the real reasons why our country cannot build wealth.



posted on Jul, 29 2011 @ 10:55 AM
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Originally posted by sligtlyskeptical
reply to post by Iamonlyhuman
 


Dio you realize that if all debt got paid off then there would be nothing left in the economy as all money is represented by the same amount of debt? Under the current system we need continually more debt in order to keep things moving. Thus unless we change the whole system, which will take time we don't have, we just need to go ahead and raise the ceiling. To a man, no one likes it, but it is really our only choice at this point. Hopefully once they get this done, they will start to discuss the real reasons why our country cannot build wealth.


Seems to me:" We would finally own our currency outright" without anymore interest payments to the fed central bankers.."

(something the founders were outspoken about;(Jefferson anyway; 'Hamilton was a "central planning advocate and banker")

I could be wrong.

We have received a glimpse of the the problem inherent in our "federal reserve central banking system". To pay off our debt requires infinite perpetual growth! (Every dollar we borrow into existence comes with a penalty of a few points of interest we have to borrow into existence! )self-perpetuating (evil) genius on the bankers part). Eventually even the most "jaded" must recognize we will eventually run up against the hard ceiling of finite resources of energy, people materials and physical space.
edit on 29-7-2011 by 46ACE because: (no reason given)
edit on 29-7-2011 by 46ACE because: (no reason given)



posted on Jul, 29 2011 @ 10:58 AM
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Originally posted by 46ACE

Originally posted by sligtlyskeptical
reply to post by Iamonlyhuman
 


Dio you realize that if all debt got paid off then there would be nothing left in the economy as all money is represented by the same amount of debt? Under the current system we need continually more debt in order to keep things moving. Thus unless we change the whole system, which will take time we don't have, we just need to go ahead and raise the ceiling. To a man, no one likes it, but it is really our only choice at this point. Hopefully once they get this done, they will start to discuss the real reasons why our country cannot build wealth.


Seems to me:" We would finally own our currency outright" (something the founders were outspoken about;(Jefferson anyway; 'Hamilton was a "central planning advocate and banker") without anymore interest payments to the fed central bankers.."

I could be wrong.

We have received a glimpse of the the problem inherent in our "federal reserve central banking system". To pay off our debt requires infinite perpetual growth! Eventually even the most "jaded" must recognize we will everntually run up against the hard ceiling of finite resources of energy, people materials and physical space.


The problem is there would be no more currency, no more money. Then everyone will be crying for the government to print up some money already!



posted on Jul, 29 2011 @ 11:02 AM
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Originally posted by sligtlyskeptical

Originally posted by 46ACE

Originally posted by sligtlyskeptical
reply to post by Iamonlyhuman
 


Dio you realize that if all debt got paid off then there would be nothing left in the economy as all money is represented by the same amount of debt? Under the current system we need continually more debt in order to keep things moving. Thus unless we change the whole system, which will take time we don't have, we just need to go ahead and raise the ceiling. To a man, no one likes it, but it is really our only choice at this point. Hopefully once they get this done, they will start to discuss the real reasons why our country cannot build wealth.


Seems to me:" We would finally own our currency outright" (something the founders were outspoken about;(Jefferson anyway; 'Hamilton was a "central planning advocate and banker") without anymore interest payments to the fed central bankers.."

I could be wrong.

We have received a glimpse of the the problem inherent in our "federal reserve central banking system". To pay off our debt requires infinite perpetual growth! Eventually even the most "jaded" must recognize we will everntually run up against the hard ceiling of finite resources of energy, people materials and physical space.


The problem is there would be no more currency, no more money. Then everyone will be crying for the government to print up some money already!


Are we not paying off the physical bills already in circulation( with "digital ledger entries")? I'm so confused...





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