A Gift from your Elected Officials & the Banksters to Your grandkid's
Because
The National Debt will pass to Them
Please feel free to copy and pass the information
Debt matters - Your nation, The United States of America, is $36.170 Trillion in the hole, interest payments for fiscal year 2024 was $1.13 Trillion. You, your kids and your grandkids are inheriting this nightmare.
This isn't a game, this isn't a joke; the Gamblers on Wall Street, the Federal Reserve Bank, the Republicans and the Democrats have been blowing smoke up your ass for decades. There is no 15 to 30 second sound bite that can cut through the stench. Reading and math scores in the nation are abysmal, the hand wringing over Fentanyl overdoses and deaths is unconscionable [Fentanyl kills. Those people involved in distribution and finances (mid-level & higher) should be prosecuted for manslaughter, jail some banking CEO's, CFO's and COO'S for accessory to murder and see how fast Banks will stop the flow of money thereby helping to alleviate the Fentanyl problem] and leaving a $36.170 Trillion mess for the kids is disgusting, the kids got hosed and it is past time to clean things up. Interspersed throughout this website are solutions offered. Honest, sincere discussion followed by action will be the only way to get off this highway to hell. These problems are serious, the time for humor is over and there are no participation awards.
Your elected officials, current and former, should have picked up on what caused this nightmare, during the Reagan (R) years the Deficit increased over 185% from all the years previously (Tax Cuts & Starve the Beast); Clinton (D) gutting Glass-Steagall (Unregulating investment banks) and The Commodity Futures Modernization Act (Deregulated Derivatives), Riegle-Neal Interstate Banking and Branching Efficiency Act, changes in Fannie Mae and Freddie Mac (Sub-prime Mortgage Mess). Cantwell, McConnell, Schumer, Grassley, Murray, Graham, Romney, Biden when he was a Senator, Trump when he was President; these are supposed to be intelligent people, they all should have recognized this. If not then, at least by the time the Debt reached $5 Trillion, sure should have recognized the problem by $10 Trillion. There are two options here, either the political parties and their minions weren't capable of figuring this out or they did not care. If they didn't care the question becomes, Why? Which one or combination of the three options was/is it; Power, Control or Greed? If you want this country back that is what has to be figured out.
Way to many Elected Officials are out of touch with reality; any time somebody is beating the crap out of others, (slamming someones head into the ground, kicking someone in the head or any where else), shooting someone, stealing from others, selling drugs that kill or maim our kids (Fentanyl, Meth) there is already greed or hatred or a general disregard for the well being of people involved, generally society is already dealing with a psychopath or a sociopath. When dirt-bags inflict pain on others through their criminal activity simple prosecution of the crime should be sufficient. When an animal has rabies, you put it down! Adding Hate to the charges is only done because your Elected Officials want you to believe they are actually doing something. They are, they are blowing more smoke up your ass. There are over 30 Million laws on the books, too many are just feel good or special interest legislation..
Not interested in your money, need something more valuable, your time! The equalizer that the Millionaires and Billionaires worry about is your vote, they get one vote each, we all get one vote each. With their money they can obfuscate issues, buy off entrenched career politicians, buy off Federal and Supreme Court Judges and flood Washington D.C. with lobbyists. The only way to stop the Millionaires and Billionaires with their special interest groups and political action committees (PAC's) is the involvement of people who have been steam-rolled by their agenda. The Constitution of the United States starts out with We The People, that means all of us, not just the Special Interest Groups and Political Action Committees. Are we going to continue living this way or opt for change before it is forced upon us; they have already legally stolen hundreds of thousands of people's retirement, they have been sniffing around to "privatize" your Social Security and the kids are saddled with $35.992 Trillion National Debt. Your involvement is always optional and the Millionaires and Billionaires prefer it when people don't pay attention. Your call.
" Stock Options" The Destruction of the Middle Class
In order to attempt to reign in the contempt of the sycophants in public office have for We The Little People because of their Love of Power, Control & Money lets repair a couple problems.
A Constitutional Amendment structured on the 22nd Amendment to include Term Limits for House Members of (2) 5 year terms, Senate Members (2) 6 year terms and Supreme Court Members (1) eleven year term.
Reduce the National Debt (36.170 Trillion) to the point that Interest Payments not to exceed $2.5 Million per Hour (currently paying out over $125 Million per Hour, $3 Billion per Day). This game of kicking the can down the road needs to end.
Interview with Kyle Pauley https://soundcloud.com/
https://tvw.org/video/2024-video-voters-guide-chuck-jackson-2024061156/
Spokane podcast with Tim Binn interactive portion starts at 3 min. 7 seconds
Parts of George Washington’s
Farewell Address
To the People of the United States
224 Years ago
Potentates
All obstructions to the execution of the Laws, all combinations and associations, under whatever plausible character, with the real design to direct, control, counteract, or awe the regular deliberation and action of the constituted authorities, are destructive of this fundamental principle, and of fatal tendency. They serve to organize faction, to give it an artificial and extraordinary force; to put, in the place of the delegated will of the nation, the will of A party, often a small but artful and enterprising minority of the community; and, according to the alternate triumphs of different parties, to make the public administration the mirror of the ill-concerted and incongruous projects of faction, rather than the organ of consistent and wholesome plans digested by common counsels, and modified by mutual interests.
However combinations or associations of the above description may now and then answer popular ends, they are likely, in the course of time and things, to become potent engines, by which cunning, ambitious, and unprincipled men will be enabled to subvert the power of the people, and to usurp for themselves the reins of government; destroying afterwards the very engines, which have lifted them to unjust dominion.
Political Parties & Despotism
I have already intimated to you the danger of parties in the state, with particular reference to the founding of them on geographical discriminations. Let me now take a more comprehensive view, and warn you in the most solemn manner against the baneful effects of the spirit of party, generally.
This spirit, unfortunately, is inseparable from our nature, having its root in the strongest passions of the human mind. It exists under different shapes in all governments, more or less stifled, controlled, or repressed; but, in those of the popular form, it is seen in its greatest rankness, and is truly their worst enemy.
The alternate domination of one faction over another, sharpened by the spirit of revenge, natural to party dissension, which in different ages and countries has perpetrated the most horrid enormities, is itself a frightful despotism. But this leads at length to a more formal and permanent despotism. The disorders and miseries, which result, gradually incline the minds of men to seek security and repose in the absolute power of an individual; and sooner or later the chief of some prevailing faction, more able or more fortunate than his competitors, turns this disposition to the purposes of his own elevation, on the ruins of Public Liberty.
Without looking forward to an extremity of this kind, (which nevertheless ought not to be entirely out of sight,) the common and continual mischiefs of the spirit of party are sufficient to make it the interest and duty of a wise people to discourage and restrain it.
It serves always to distract the Public Councils, and enfeeble the Public Administration. It agitates the Community with ill-founded jealousies and false alarms; kindles the animosity of one part against another, foments occasionally riot and insurrection. It opens the door to foreign influence and corruption, which find a facilitated access to the government itself through the channels of party passions. Thus the policy and the will of one country are subjected to the policy and will of another.
President Washington's view on Debt
As a very important source of strength and security, cherish public credit. One method of preserving it is, to use it as sparingly as possible; avoiding occasions of expense by cultivating peace, but remembering also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it; avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertions in time of peace to discharge the debts, which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burthen, which we ourselves ought to bear. The execution of these maxims belongs to your representatives, but it is necessary that public opinion should cooperate. To facilitate to them the performance of their duty, it is essential that you should practically bear in mind, that towards the payment of debts there must be Revenue; that to have Revenue there must be taxes; that no taxes can be devised, which are not more or less inconvenient and unpleasant; that the intrinsic embarrassment, inseparable from the selection of the proper objects (which is always a choice of difficulties), ought to be a decisive motive for a candid construction of the conduct of the government in making it, and for a spirit of acquiescence in the measures for obtaining revenue, which the public exigencies may at any time dictate.
Did you know that if the government worked at paying down our debt at the rate of $100 every second of every minute of every hour of every day it would take 317 years to reach $1 Trillion ($1,000,000,000,000); currently we are $35,992,291,043,718.85 in debt, that's quite the mess we have left for the kids & grandkid's.
The Bureau of Public Debt is a unit of the Department of Treasury, to visit the current government site for debt type in Debt to the Penny into your browser and for interest paid out go to Interest Expense on Public Debt Outstanding.
We The Little People
&
our kids are about to get hosed
Was talking to a business major a while back who had never heard of Amortization schedules so went online to a mortgage calculator and ran the numbers using our National Debt.
2.25% Interest rate on a 30 year plan
National Debt: $ 28,500,000,000,000 Monthly payment: $ 108,940,140,000 Total Interest Paid: $ 10,718,450,090,000 Total Loan Payments: $ 39,218,450,090,000 4.5% Interest rate on a 30 year plan National Debt: $ 28,500,000,000,000 Monthly payment: $ 144,405,310,000 Total Interest Paid: $ 23,485,912,790,000 Total Loan Payments: $ 51,985,912,790,000 7% Interest rate on a 30 year plan National Debt: $ 28,500,000,000,000 Monthly payment: $ 189,611,210,000 Total Interest Paid: $ 39,760,036,010,000 Total Loan Payments: $ 68,260,036,010,000
Not making Payments; still maxing out the Credit Card
“Extraordinary Measures” on Debt
Just “Cook the Books”
Why be Disingenuous
From the Congressional Budget Office (CBO)
Extraordinary Measures
have become
Standard Operating Procedures
Budget surplus must first go toward debt reduction; Jan 1998
Our Government rules when it comes to cooking books; The Associated Press, July 2002
From USNews & World Report - And Pigs Will Fly; Oct 2002
The looming national benefit crisis; Unfunded Obligations USA TODAY; Oct 2004
Congress can cancel or cut Social Security and Medicare any time; USA TODAY Aug 2006
The coming Financial Crisis, Who will Pay the U.S. Debt Sept 2006
Sundown in America; March 30, 2013
Social Security still has problems & insanity still rules in D.C.
Social Security report buries crucial statistic; system is $34.2 trillion in the red; Seattle Times July 2017
In the Bible is a section titled Proverbs, I prefer to look at it as the book of cause and effect, this book explains that when people make bad choices bad things happen; when one looks at the debt and what it’s going to take to repair the mess is basically the epitome of politicians (both the Asses and Elephants) making bad choices and the rest of getting to suffer the consequences of their actions.
There are a large number of people who do not understand the correlation between debt and deficit, the definitions for those words have been included.
DEBT: how deep the hole is: the total amount of money that has been borrowed.
DEFICIT: how fast the hole is being dug: how much more the government has spent (like a credit card) during the year then the government has received.
Look at the national debt as if it were an ARM, (Adjustable Mortgage Rate) and we the people as the homeowner. When the Federal Reserve Bank raises the rates in the future our financial problems; because we are the homeowner with the ARM (Adjustable Mortgage Rate,) will become catastrophic.
Doubling the interest rates on U.S. National Debt would raise that interest rate to 4.5% (currently 2.25%**); our interest payment for 2024 $1,133,000,000,000,, rendering the United States, financially, little more than a glorified third world country.
Stopping this runaway debt and interest serves the “Common Good”
We as a nation are in a bit of a bind.
Just think of the repairs that could have been made to the roads, bridges, schools, national parks, Social Security (which will have to be paid back out of the general fund)… if we had not been forced by our elected officials to pay out over $16.856 Trillion interest (usury) on $35.992 Trillion National Debt since 1980.
** The 2.25% listed above is the Treasury Department’s nominal Interest Rate, the averaging of 3-month T-bill, 6-month T-bill, 52-week T-bill, 2-year T-note, 5-year T-note, 10-year T-note, & 30-year T-bond.
What happens if history repeats, During the last year of the Carter Presidency (1980) the Federal Reserve Bank pushed the Prime Rate to over 20%; on a $36 Trillion National Debt the Interest Payment would easily exceed $4 trillion per year.
I realize that this is the United States and not Russia but on December 15, 2014 the interest rate in Russia increased to 17% effectually wrecking their economy.
PROBLEM LOCATED, THE HOUSE & SENATE WASHINGTON D.C.
Citigroup Wrote the Wall Street Giveaway The House Just Approved
A Bible search using lend*, borrow*, debt*, bribe*, and *justice* was performed using a computer (* is a wild card symbol when doing computer searches). If the Old Testament is any indication of what happens in the future, there should be a large number of Capital Hill employees (elected officials) working overtime to rectify the problems they manufactured because of the injustices that were created pandering to special interest groups and by writing unfunded feel good legislation.
That was then
Front page Seattle P.I.
Seattle P.I.
Associated Press
April 4, 1990
A cool $3 trillion: That’s a lot of 0’s the nation owes
Washington - The national debt yesterday totaled more than $3 trillion for the first time in history, the Treasury Department reported yesterday.
That’s $3,000,000,000,000. Count them: a three and 12 zeroes.
A person counting a $1,000 bill each second would take 31 years just to reach $1 trillion.
And when the nation debt reached $3 trillion, it meant that it would cost every man, woman and child $12,000 to pay it off.
“The debt subject to limit did go over $3 trillion on Monday” confirmed Peter Hollenback, public affairs officer for the Treasury’s Bureau of Public Debt.
The actual level of public debt subject to statutory limit at the end of the day was $3.023 trillion. That’s just $99.59 billion under the statutory limit of $3.123 trillion. The national debt stood at $2.989 trillion last Friday.
Hollenback said that despite a growing number of income tax receipts at this time of year he expected the debt to continue to grow as long as the budget was not balanced.
Congress enacted the current debt limit last November.
The debt reached $1 billion in 1916 during World War I, climbing to $278 billion at the end of World War II.
It reached its first trillion on Oct. 1, 1981 and rose to $2 trillion on April 3, 1986.
The rapid growth in the debt is the result of the government’s huge deficits for the past decade. Democratic opponents often pointed to the fact that President Reagan ran up more public debt in his eight years in office than all his predecessors put together.
The federal deficit has continued to grow since then and totaled $152.1 billion during the fiscal year ended Sept. 30.
By the end of February, the deficit had reached $97.52 billion, just $2.48 billion less than the Gramm-Rudman deficit-reduction target for the entire year. Interest on the deficit during February totaled $17.32 billion and is expected to reach $254.85 billion for the year.
Analysts have said the target for fiscal 1990 has all but been abandoned, with some suggesting the actual imbalance for the year will total $160 billion to $165 billion.
U.S. Treasury
(Figures in millions)
(Add 000,000 to each #)
|
Total public debt April 5, 1990 |
3,030,157 |
|
Statutory debt limit |
3,122,700 |
|
Operating balance April 5 |
9,383 |
|
Interest fiscal 1990 thru Feb |
111,727 |
|
Interest period fiscal 1989 |
100,493 |
|
Actual deficit fiscal 1989 |
151,988 |
|
Actual deficit fiscal 1988 |
155,151 |
|
Receipts fiscal 1990 thru Feb. |
393,477 |
|
Receipts period fiscal 1989 |
372,761 |
|
Outlays fiscal 1990 thru Feb. |
490,995 |
|
Outlays period fiscal 1989 |
465,410 |
|
Gold assets thru February |
11,05 |