posted on Aug, 9 2013 @ 08:17 AM
I'm not quite getting where people pick these "true debt" figures? "true debt" would be what we actually owe in absolute dollars to my thinking.
70 trillion is counting future payout obligations and choosing a dollar figure from a distant year?
By that figuring, I could say the national debt is actually 25 Trillion....
We just need to get to 2022 to see it. The "real" debt is what the debt says it is. Just under 17 trillion at the moment and the budgets for the
last century or more are at the White House site, among others, for all to see how it got here. $1 at a time, each year, like clockwork.
The nation can't pay back the 17 trillion unless interest somehow halted forever on the money and then, politicians cared to even try. So it's kinda
moot as to how screwed we are ..but 70 is as accurate as saying we owe a gazillion dollars (we'll hear that number used at some point at this
rate)...we'd just need to look years further for the study time frame to find that threshold?
A lot of work for a new 'big' number to scare the public by. Look at the 200+ trillion in estimated derivative obligations between the big banks.
lol.....and keep in mind all the gold ever mined on Planet Earth would, if it all still existed, total up around 7 - 8 trillion. That's it.