HOW MUCH DOES AMERICA BORROW?
June 26, 2010
– Comments (8)
Well let's just look at Federal, State, County, and Local government's first......
The total government deficit in America last year was about $2 Trillion dollars....and now that tax receipts are evaporating and demands on government rising....the deficit is growing rapidly.
HOW MUCH IS $2 TRILLION DOLLARS?
It is enough to provide 50,000,000 families a check for $40,000 per year.....WOW, that just happens to be about the average income for the average American family. You could also say it is enough to give 20,000,000 families $70,000 per year and 30,000 families $20,000 per year.
Think about that for a second....production in America has dropped so low that government is being forced to borrow an amount of money could comfortably sustain 50,000,000 families.....and the spending of those families could comfortably sustain at least another 20,000,000-30,000,000 families.
IF YOU REALLY THINK ABOUT IT....GOVERNMENT IN AMERICA IS NOW OUR ECONOMY.....AND WITHOUT GOVERNMENT BORROWING AND HANDING TRILLIONS TO PEOPLE.....WE HAVE PRACTICALLY NO ECONOMY RELATIVE TO OUR CURRENT CONSUMPTION.
When someone pays you, protects you, and taxes you....they essentially own you.......and now that practically every income and every investment in the world is simply supported by government spending in one fashion or another....the concept of private property rights will soon be emasculated as the world prepares for the Digital Age.
Now the only question is how will we proceed forward without the people going crazy? War or Depression are the only two choices that come to the surface right now.
If government doesn't borrow massively and spend....we enter into an unprecedented depression as we produce very little these days......if the world doesn't let us borrow....we may be forced to fight for the right to continue borrowing.
So what will it be.... sacrifice our children and probably many of ourselves to continue making pancakes......or suffer through the biggest depression America has ever seen as the nation learns it is Zombulated and has run out of borrowing capacity?
The crazy part about this is Benny The B has been saying we have been in a recovery the entire time as the tax receiptes continue to evaporate.......now you tell me who wants to take away your freedoms?
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