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(1 post)
53. Is the Debt Really "$222 Trillion Dollars"? Talk to me!
Sat Jun 22, 2013, 01:39 PM
Jun 2013

After the gerrymander of Indian Hill, Ohio, into district one, we may as well all be Republicans. Our views differ. Are we going forward, dealing with our fiscal problems; or, are we going back into time when only white landholders were allowed to vote, and women were less valuable than slaves, because they could not be sold.

Our government was a Plutocracy then; and, it is a Plutocracy now. It is not a representative Republic, and certainly not a democracy. Why, because most legislators and votes are hired and purchased by big money interests.

If the debt is our main problem, and it is, what is the debt? The debt we hear discussed, $16/17 Trillion dollars, is basically the annual payment on the debt. The real debt is all that has been promised to be paid, minus all that is expected as income during the time the debt exists. The real debt is “$222 Trillion” over several decades. Put that, with quotation marks, into Google and read. These are OMB figures.

http://www.realclearpolicy.com/blog/2012/12/01/economist_laurence_kotlikoff_us_222_trillion_in_debt_363.html

WE are bankrupt. There are those who can convene, who have the background, and the ideas, to dig us out of this fiscal hole, without destroying the currency, the economy, our safety nets, and our personal lives. The question is, are we willing to listen, and act? If we are to solve our problems, we must have leadership with the brains, and independence to take us there.

The diversions of abortion, birth control, gun control, and a host of other social issues, must not detract from the irresponsible fiscal management of this country. None of these issues will matter if the majority of the population is dumpster diving, and stealing food from their neighbors, due to a collapse of the economy.


Hear hear! ananda Jun 2013 #1
kr Solly Mack Jun 2013 #2
Crush a bunch of people - you'll get mostly dust - and a few diamonds Junkdrawer Jun 2013 #3
yes, but don't leave out Joe Scarborough Enrique Jun 2013 #4
Great Deal Of Information erpowers Jun 2013 #5
Two of my favorite people madokie Jun 2013 #6
I won't wait. Democracyinkind Jun 2013 #7
I've always thought of Bill Moyers as the smartest man in America. mountain grammy Jun 2013 #8
Indeed he is!! lastlib Jun 2013 #14
K&R suffragette Jun 2013 #9
Absolutely! MrScorpio Jun 2013 #10
Real journalists. Daniel537 Jun 2013 #11
both of them national treasures..nt xiamiam Jun 2013 #12
Amy Goodman is my hero. vanlassie Jun 2013 #13
'honey badger' makes me think of the day she interviewed Lou Dobbs rurallib Jun 2013 #31
Well that's a honey badger for ya! vanlassie Jun 2013 #32
K&R hwmnbn Jun 2013 #15
100% Agree! Dorn Jun 2013 #16
K&R. nt OnyxCollie Jun 2013 #17
And Pacifica Radio banned her years ago. bananas Jun 2013 #18
Pacifica executives 90-percent Jun 2013 #29
No, it's not. Zen Democrat Jun 2013 #41
I said "years ago" bananas Jun 2013 #42
K&R because I love them right now. Overseas Jun 2013 #19
+10000 heaven05 Jun 2013 #20
someday?? EVERY day since I first saw them navarth Jun 2013 #21
Best news source and journalism there is. L0oniX Jun 2013 #22
yep. nt limpyhobbler Jun 2013 #23
Both are real journalists which is why they are not on the MSM. But right here on DU yesterday sabrina 1 Jun 2013 #24
I could have gone the rest of my life without hearing that, sabrina 1..... ReRe Jun 2013 #46
I trust both of them. xxqqqzme Jun 2013 #25
Recommend.. KoKo Jun 2013 #26
They are national treasures joelz Jun 2013 #27
Both awe inspiring journalists 90-percent Jun 2013 #28
K&R to the OP and to this reply. Dark n Stormy Knight Jun 2013 #44
I give monthly to Pacifica tblue Jun 2013 #30
K&R DeSwiss Jun 2013 #33
I'll be more than happy to Kick and Rec. Fantastic Anarchist Jun 2013 #34
HUGE K & R !!! - Thank You !!! WillyT Jun 2013 #35
Two American heroes. nm rhett o rick Jun 2013 #36
Wonderful people. Thanks. JDPriestly Jun 2013 #37
Kick and Rec! Fuddnik Jun 2013 #38
Bravo! And Thom Hartmann as well! n/t Fire Walk With Me Jun 2013 #39
Love them both! K&R closeupready Jun 2013 #40
news tardybar Jun 2013 #43
Huge K&R woo me with science Jun 2013 #45
Or you and me... it's not as we've been passive. nt DCKit Jun 2013 #47
Amy Goodman last year : How the NSA has gone rogue TakeALeftTurn Jun 2013 #48
+++++++ ^^^^^^^^^^^^^^^ ReRe Jun 2013 #51
K&R ReRe Jun 2013 #49
Recommended just on the title of the thread. PufPuf23 Jun 2013 #50
I love Amy! Kath1 Jun 2013 #52
Is the Debt Really "$222 Trillion Dollars"? Talk to me! aflame Jun 2013 #53
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