People talk about three things: GDP, NATIONAL DEBT, AND DEFICITS <---- GOV spend minus taxes collected.<quoted text>
You should call the president and tell him that. He talked about the fiscal cliff just today and said he'd work with republicans as long as they did it his way.
He apparently doesn't know - as does the rest of the informed world - that we're that filthy rich.
Does anyone talk about BALANCE SHEETS? no.
Our nation has assets to produce the GDP AND
THOSE ASSETS ARE WORTH OVER $200 TRILLION.
citizens are worth $47 to $60 trillion.
GOVERNMENT?$160 TRILLION on up.
The government does not need to borrow at all. In fact it spends AND THEN BORROWS.
A system set up by the banking industry to generate constant interest payments.
The industry uses this system and guaranteed payments to "play the spread" "play the market"
The richest set this up. THEY WOULD RATHER KEEP THE EMPHASIS OFF BALANCE SHEET ASSETS.
think about it: our citizens have a net worth of $47 TRILLION.
OUR CITIZENS OWN OUR GOVERNMENT AND ALL ASSETS AND DEBTS.
gov debt currently $16 trillion.
Gov assets? Nobody knows for sure but conservative estimates say $160 trillion.
This data is hidden on purpose.
But just looking at citizen net worth:$47 trillion. That is over 3 times the national debt.
As I said: the USA is filthy rich.
The top 10% control over 80% of the citizen wealth.
If the gov used assets in the discussion,
It shows the whole system is just a game. To protect the richest from taxation. Greed and selfishness.
Hey carol what are billions of acres worth?
The oil under them? Trees on them? Mineral rights?
THE USA GOV OWNS BILLIONS OF ACRES. Here. Plus lands in other countries. If you owned lots of land would you protest everyday that you ate "broke"?
Well you would! But sane people would not.
plus the oil off shore. It's huge. On paper hundreds of trillions.
But this balance of taxes and spending each year is purposefully misleading. A game. The money is here. We are not broke by a long shot.
The richest like it that way.