It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

is there any truth behind the math on this economic quote i found?

page: 1
3

log in

join
share:

posted on Nov, 8 2012 @ 02:35 PM
link   
if true this math could put things into perspective.

If the government were a person, he would…

-Have an annual income of $21,700
-Have an annual spend of $38,200
-Have credit card debt of $160,000
-Have a future impending expense of $1,000,000 (unfunded liabilities such as medicare, social security and prescription drugs)

BUT in recognition of the problem, he has made total budget cuts thus far of $385

God bless worlds 'greatest' nation

if the math here is correct it really boggles the mind. can anyone confirm or deny the truth behind this information? i would also like to know how long the government has operated like this.




posted on Nov, 8 2012 @ 02:38 PM
link   
reply to post by conspiracy nut
 


That is very close to the truth.

US Debt Clock

Just a quick look over those numbers in the "per taxpayer" columns look similar to what you have posted. May not be 100%, but close enough to be an accurate representation.



posted on Nov, 8 2012 @ 02:40 PM
link   
Yes that looks about right.

The US money is provided by the Federal Reserve, which prints our money and "loans" it out to us with interest.

Our entire money supply is a gigantic credit card, which will require payment someday.

There is a reason why our forefathers demanded no central bank and worked so hard against it....

Oh well. People who do not learn from history will repeat it.

Welcome to repetition.
edit on 8-11-2012 by MentorsRiddle because: (no reason given)



posted on Nov, 8 2012 @ 03:07 PM
link   
reply to post by MentorsRiddle
 


Well techniclly it doesn't have to be paid off cause it doesn 't exist.... It's all made up and relative to its meanining we put behiind it. If the gov't just said **** you to the banks and didn't aknowledge the debt then built there own monetary system that didn't have anyhting to do with the banks there would be no more debt.



posted on Nov, 8 2012 @ 03:45 PM
link   
Thank goodness we have four more years to hope for change.

I think hope is all we have.



new topics

top topics
 
3

log in

join