Our debt has reached the $16 Trillion dollar marker, today! Ironically, the Democrat National Convention starts, today!
Will the debt be the topic of discussion at the convention?
I think not! It will include such topics as, 'the war on women,' 'homosexual marriage,' 'gay rights,' 'abortion, and I could go on ad nauseum. But, Americans need and want jobs...jobs...jobs. Americans with jobs will help pay down the national debt.
"It's the economy, Stupid!"
We are all in this together. Class warfare only divides us. Just imagine, if Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.
You could take every single penny that every American earns above $250,000 and it would only fund about 38 percent of the federal budget. It took 286 days to go from $15 to $16 trillion: $3.5 billion in extra debt every day.
But wait. You haven't seen nothing yet. At this rate of growth, total US debt will surpass:
$17 trillion on June 10, 2013;
$18 trillion on March 23, 2014;
$19 trillion on January 3, 2015; and
$20 trillion on October 16, 2015
And on, and on, and on...
$16,OOO,OOO,OOO,OOO
Just how big is $16 trillion?
I could think of some very tangible things we could have spent that $16 trillion on and still would have had money left over.
If we were to spend a million dollars a day from the very day Christ was born you still would not have even been close to spending $1 trillion dollars. And just think, we have spent 16 times that amount.
If we were to spend a million dollars a day from the very day Christ was born you still would not have even been close to spending $1 trillion dollars. And just think, we have spent 16 times that amount.
Sixteen trillion dollars is big enough to feed every one of the 77 million American households with a family for 187 years.
It is big enough to pay for 6,400 NASA Curiosity missions to Mars.
It is big enough to buy a half-million dollar house for 32 million Americans and a $53,000 car for every American.
It is big enough to build more than a thousand Freedom Towers and fund the Department of Education -- if you wanted to -- for 207 years; or Medicare for 21 years or both Medicare and Social Security for 13 years.
Jeeze, what we could have done with that money, if we didn't owe that debt. If we didn't have to pay more than $227 billion just in interest costs every year.
The fact of the matter is this, we are in debt. This administration’s track record has been dismal, and things have only gotten worse.
It's past time to unleash the private sector for job creations, but instead, independent minded Americans are being insulted with the words, "You Didn’t Build That! 'WE' make it possible. YOU need OUR help."
How can we sustain this amount of spending much longer and still be a country of strength and respected?
It's past time to unleash the private sector for job creations, but instead, independent minded Americans are being insulted with the words, "You Didn’t Build That! 'WE' make it possible. YOU need OUR help."
How can we sustain this amount of spending much longer and still be a country of strength and respected?
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