We are 15 TRILLION dollars in debt. Barack Obama is has added $1 TRILLION dollars to our national debt and hasn’t signed a budget in three years because the Democrats in the Senate will not vote one into law. Since 1986 the national debt has risen from 2 TRILLION dollars to the mess we have today. Here’s how much ONE TRILLION dollars is: spending $60.00 each hour it would take over 31 years to spend a TRILLION dollars.
There is NO prosperity in this country and anyone who says we are recovering economically is a liar a fool or an Obama stooge.
If you are one of the dwindling number of actual taxpayers, since Obama was sworn in your share of the national debt has increased by over $64,000.
If Obama’s government confiscated every penny multi billionaire Bill Gates had, the proceeds would pay for running the federal government 15 days.
If Obama’s IRS confiscated every single penny everyone worth $250.000 or more has, the proceeds would pay for just 38% of the cost of running our government.
Read this carefully: As Americans we now have MORE per capita debt than the Greeks Portuguese Italians Irish or the Spanish and each of their countries is regularly talked about as being on the verge of collapse.
Obama’s unlawful spending binge has made over 8% unemployment the new normal. The nitwit half of society believes getting rich in America happens by luck. This will have to be straightened out but it is not our biggest problem.
Right now the American government’s debt is over 101 % of our GDP which is constantly being revised downward.
Mandatory government spending is at a level not scheduled to be a reality until 2060. Folks: Today is Tomorrow; There are No More Tomorrows.
The average American household now receives more from the federal government than it pays in taxes.
If we stopped borrowing money and decided to pay off our debt, at the rate of $86,400 a day it would take more than 480,000 years to do it.
Photo credit: terrellaftermath
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About Kevin “Coach” Collins
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I have good news. There is very little national debt, and our future can be very bright.
As a Congressman for all Americans, I will introduce or support legislation to create nonprofit, publicly owned, self-sustaining State banks that will make interest-free loans to individuals, businesses, county and local governments, and school districts. I will also work to require the Federal government to fund its operations and create our money supply with our own debt-free and tax-free currency instead of absurdly borrowing it — a damnable practice used to harvest you as crops. These two programs will provide full employment, massive tax reduction, and vast prosperity.
Many friends are asking what I’ll do about the debt crisis from the House floor. It will be along these lines: “Mr. Speaker, I request a point of order. All pending legislation pertaining to the public debt presumes indebtedness to the Federal Reserve for the face value of their Federal Reserve Notes and cyber entries, when in actuality there has been no such value received. The public debt must be assessed only for the printing costs of those Notes to prevent a massive fraud upon the American people.” I hope someone beats me to it.
http://elect.ErnestHuberForCongress.com/
re: The U.S. nation debt is in the trillions.
You cannot count to one trillion.
If you began at birth counting at a rate of one number per second and lived to be 100 years old, you could not count to a trillion. –THAT’S how high a trillion is. You cannot even count to it.
[(60 seconds x 60 minutes) x 24 hours] x 365 days in a year = 31,536,000 seconds in a year
31,536,000 seconds x 100 years = 3,153,600,000 seconds in a life time
That is three-billion, one hundred fifty-three million, six hundred thousand seconds in a life time. It is not enough time to count to a trillion.
Debra…
July 16, 2012 By Kevin “Coach” Collins did not do any research, when saying “1 trillion”. Anyone in doubt, find the right figure published by the US Treasury (Obama added around $4,5 TRILLION and is adding billions each day) The guy should not be a candidate to the US Presidency, not only because of his record INDEBTEDNESS figure; but because all of his crimes and closed files info. At least 96% of the black voters and a similar number of Latinos seem to believe that even being half black is enough for a mainly ignorant and biased guy to be President, even if he is a Kenyan citizen.
The calculation herein is wrong. As stated, $60 per HOUR would pay one trillion dollars in 1,901,285 years. That is one million, 9 hundred and one thousand, two hundred eighty-five YEARS to pay one trillion at the rate of $60/hour.
If you paid one dollar per second, or $3,600 per hour, it would take 31,688 years to pay one trillion dollars.
If you paid $1,000/second, or $3,600,000 per hour (that’s 3.6 million per HOUR), it would take 31.688 years to pay one trillion dollars.
“Coach” Collins misplaced his decimal point in a number of places. Thankfully he was/is a coach and not a math teacher.