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Things That Every American Should Know About The National Debt

The U.S. government has stolen $15,876,457,645,132.66 from future generations of Americans, and we continue to add well over a hundred million dollars to that total every single day day. The 15 trillion dollar binge that we have been on over the past 30 years has fueled the greatest standard of living the world has ever seen, but this wonderful prosperity that we have been enjoying has been a lie. It isn't real. We have been living way above our means for so long that we do not have any idea of what "normal" actually is anymore. But every debt addict hits "the wall" eventually, and the same thing is going to happen to us as a nation. At some point the weight of our national debt is going to cause our financial system to implode, and every American will feel the pain of that collapse. Under our current system, there is no mathematical way that this debt can ever be paid back. The road that we are on will either lead to default or to hyperinflation. We have piled up the biggest debt in the history of the world, and if there are future generations of Americans they will look back and curse us for what we did to them. We like to think of ourselves as much wiser than previous generations of Americans, but the truth is that we have been so foolish that it is hard to put it into words.

Whenever I do an article about the national debt, Democrats leave comments blaming the Republicans and Republicans leave comments blaming the Democrats.

Well you know what?

Both parties are to blame. Both of them get a failing grade.

If the Republicans really wanted to stop the federal government from running up all this debt they could have done it.

If the Democrats really wanted to stop the federal government from running up all this debt they could have done it.

So let's not pretend that one of the political parties is "the hero" in this little drama.

The damage has been done, and both parties will go down in history as being grossly negligent on fiscal issues during this period of American history.

Sadly, neither party is showing any signs of changing their ways.

Continue:
http://theeconomiccollapseblog.com/archives/27-things-that-e...



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We were warned about this by Tom Paine

Tom Paine wrote "The Decline and Fall of the English System of Finance" linking Britian's continuous war making to her increasing national debt, crushing taxes and reliance on paper money. Ron Paul has continued repeating Tom Paine's warnings. We would still be part of the British Empire if they had not had six wars prior to our forefathers fight for independence. We will lose our freedom to the world government folks. Romney and Obama are just a continuation of the insanity which has resulted in our loss of liberty.

http://www.astonisher.com/archives/sources/paine_english_fin...

Your Cash Is NOT Safe.

Jim Rogers: Duck and Cover, Your Cash Is NOT Safe; Buy Physical Gold & Silver, - http://etfdailynews.com/2012/07/12/jim-rogers-duck-and-cover...

There is No alternate currency to move into /that can absorb huge investments.
The Euro’s Demise Has Been Set in Motion: Are you protected?
"Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors."

In other words (w/o contention), buddy, can you spare a dime?

Hopelessly indebted nations will have to bailout even more hopelessly indebted nations so that the most hopelessly indebted nations can pay tribute... at least in the form of "legal tender" interest or homage... to the aforementioned.

Let me try again...

Large broke nations will be obliged to loan "legal tender" to smaller broke nations in the hope that the smaller nations will continue to pay the larger nations.

One more time...

Large broke nations will extend lines of credit to small broke nations until the music stops.

Simply...
Big fish, big appetite. Little fish, served.

Clarke and Dawe: Lending merry-go-round There're going to have to bail them out. How can broke economies lend to other broke economies? They're going to get a bailout, aren't they?

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

For whom doth the bell tolls?

For whom doth create "legal tender out-of-thin-airs?

For whom doth monetize debts? Promissory notes? Cashes?

For whom doth have faiths? Confidences?

For whom shall come to collect their debts? To be paid in more debts?

For whom doth the bell tolls?
=================================================================
John Donne " for whom the bell tolls " Ernest Hemingway

XVII. MEDITATION.

PERCHANCE he for whom this bell tolls may be so ill, as that he knows not it tolls for him; and perchance I may think myself so much better than I am, as that they who are about me, and see my state, may have caused it to toll for me, and I know not that ....

We often see the words respelled in modern style, with lines laid out as if written as a poem. Much better to read the text authentically, as copied from the original publication of l624:

    No man is an Iland, intire of itselfe; every man is a peece of the Continent, a part of the maine; if a Clod be washed away by the Sea, Europe is the lesse, as if a Promontorie were, as well as if a Mannor of thy friends or of thine owne were ; and mans death diminishes me, because I am involved in Mankinde; And therefore never send to know for whom the bell tolls; It tolls for thee."

Standing on deck of one of the warships, Donne had a good view of the city, which stood on a low promontory reaching out into the Bay of Cadiz. The land was so low, a virtual promontory with water on both sides, that it must have looked to him as if the whole landmass could be shaken loose under the heavy bombardments and vanish by sliding out to sea. What if your house or your friend's house were washed out into the sea ....? Or another life slipped out to sea...?

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

As Ron Paul advocates

governments and individuals need to live within their means. Stop using CREDIT and you end the game of the NWO, because their wealth depends on the INTEREST from credit buying and loans.

Every dollar the federal government gets the FED to print comes with interest attached. The international billionaire bankers who are the root of the global economic crisis and the masters pulling all the strings. I know; preaching to the choir.

Quoting from the article:

"Thomas Jefferson once said that if he could add just one more amendment to the U.S. Constitution it would be a complete ban on all borrowing by the federal government...."

That Thomas Jefferson guy

was a smart, smart man.

Instead of all this talk about a balanced budget amendment, we should be pushing a no borrowing whatsoever amendment.

Maybe it's just me but it seems that the balanced budget amendment pushed by the Republicans would just allow the Fed Gov't to keep tax revenues at a pre-determined % of the GDP which will keep the massive gov't bureaucracy going on indefinitely.

As the greatest economic power in the history of the world, America should have no reason for it's gov't to borrow money or be in debt ever.

If every person lived within their means and our governments lived within the means we allowed for them then most of the problems we have today would go away.

Unfortunately, it's going to take a total collapse of the system to make everyone see the error of our ways. Who knows if we'll ever be able to rebound from that.

Our family's journey from the Rocket City to the Redoubt: www.suburbiatosimplicity.com

Patriots

Thank you for informative comments.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Actually, if we balanced the

Actually, if we balanced the budget immediately we could pay off the debt in 72 years. This assumes 5% inflation and a 2.3% average bond yield.
After 2 more years of 1 trillion dollar deficits, payoff time frame jumps to 100 years.
Thank you future generations!!!!

“If ever a time should come, when vain and aspiring men shall possess the highest seats in Government, our country will stand in need of its experienced patriots to prevent its ruin.”