I don't know what the big deal is.
A trillion here, a trillion there. You guys act like this is some big deal. The sky is falling, the sky is falling.
Now our annual GDP, or the total cost of everything produced in the U.S., is only 14.4 trillion. The national deficit is currently only 12 trillion. See it here: http://www.usdebtclock.org/
Next year, annual GDP and our debt will match for the first time evah! In 2011, it will spill over.
Every kid born now owes an immediate 39,000 bucks just for being born- and I think its high time they started paying the freight. This waiting until age 15 to tax them is bullshit. That's why we owe so damn much money in the first place.
And while I'm at it, isn't a high school education a capital gain? Franky got a piece of my salary every time they paid me to go to some job related training-so what gives? Ok, maybe that's weak sauce...onto the point...
I don't even think a trillion is accepted as a large number, but baby anything to the 15th power has to be. Behold the quadrillion. 1,000,000,000,000,000 (one thousand million million; 1015
That's even more money than Goldman Sachs has. I don't even think the Powerball jackpot has gotten that high.
So we are in a race for the first quadrillion deficit. Now with all the pipeline deficits, Social Security, Medicaid, and the existing deficits...add in new programs like the 1.2 trillion health care bill and the cap and trade bill, and we are going to eclipse 60 trillion and march toward one tenth of a quadrillion. Very soon. But what if interest rates rise? Oh, baby then we got big time probs. The race for a quadrillion is on.
So just where is Franky gonna get the dough to pay that interest and that debt? He's coming for you-elite and wealthy. But you know what? Elite and wealthy people aren't gonna stick around and get ripped off. They got the chips. They ain't giving them back, Franky. Ex-patriation. Most of them have already expatriated their dough.
A government for the people, by the people, is about to consume itself. And that top 5% paying 95% of the taxes? They ain't waiting around for Franky to come and raid the cupboards. This Thanksgiving, say a prayer for that turkey you're about to eat. The biggest consumer nation on the planet is getting ready to eat itself. We may be the turkey in the years to come.