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Originally posted by SupremeKnowledge
What is the government's plan to pay back this debt?
I cant believe no one in "Main Stream Media" or The Government has even asked any questions about it or even talked about it at all,
Anyways,
According to those numbers Annual GDP is about 24 billion per year,
If you took 1/4th of the annual GDP or 6 billion a year and used it to pay back the debt,
The debt would be fully paid off in 48 years,
With 1/4 of the GDP going to repaying debts;
The US will have to adjust to using only 3/4 of annual GDP
Originally posted by Iamonlyhuman
Originally posted by SupremeKnowledge
What is the government's plan to pay back this debt?
I cant believe no one in "Main Stream Media" or The Government has even asked any questions about it or even talked about it at all,
Anyways,
According to those numbers Annual GDP is about 24 billion per year,
If you took 1/4th of the annual GDP or 6 billion a year and used it to pay back the debt,
The debt would be fully paid off in 48 years,
With 1/4 of the GDP going to repaying debts;
The US will have to adjust to using only 3/4 of annual GDP
I'm not getting your numbers - I might've not had enough coffee this morning.
$200 TRILLION divided by $6 BILLION = not 48 years (sorry, I'm being lazy)...
Are you also assuming no additional debt in those years? What about interest on the debt?
Originally posted by SupremeKnowledge
What is the government's plan to pay back this debt?
I cant believe no one in "Main Stream Media" or The Government has even asked any questions about it or even talked about it at all,
Anyways,
According to those numbers Annual GDP is about 24 trillion per year,
If you took 1/4th of the annual GDP or 6 trillion a year and used it to pay back the debt,
The debt would be fully paid off in 48 years,
With 1/4 of the GDP going to repaying debts;
The US will have to adjust to using only 3/4 of annual GDP
6 trillion a year could easily be found leaking out of the government budget,
For example,
Tariffs on imported goods,
The war in Iraq (which is estimated to be at 2 billion per week!!!)
The occupation in Afghanistan,
Military black projects,
Mexican Immigrants not paying taxes,
Churches not paying taxes,
Importation of foreign oil,
The list goes on and on
With just the Iraq war alone, in 10 years the US has accumulated 800 billion in debtedit on 29-10-2010 by SupremeKnowledge because: (no reason given)
Originally posted by The Savage Khan
This is the issue right here! Not Rand Paul supporters stomping liberals, not UFOs over Manhattan, not the sun exploding..the fiscal problem, the denial the US government has been in since the late 70's. As the moderator pointed out on page one, it is the banking cartels that are largely to blame.
Originally posted by Equinox99
reply to post by Iamonlyhuman
Can you explain how the debt is $200,000,000,000,000 rather then $19,000,000,000,000?
Because the actual GDP debt is $12 trillion, plus the Freddie and Mac debt which is another $7 Trillion. Where does the rest come from?