Aliens are coming October 14th 2008 Galactic Federation

[Sprocket]

.....So although I don't like the size of our public debt any more than you, we are nowhere near going "bankrupt". 

I posted a link a few posts up which accurately portrays what the current debt is.  As you were unaware of this figure, you may also not know that back in the early 90's when the debt stood at a paltry 1.5 trillion, many leading US economists were even then sounding the alarm bells, extrapolating forward, they predicted that by 2006 the debt would total 6 trillion, an alarming number, but the reality proved even worse - it was 7.5 trillion if memory serves!!!  They also pointed out that this policy is unsustainable as just servicing the constantly growing interest would mean there was less and less available to pay back the principle loan!  Also, check the above link for the date that the US government last attempted to reduce the principle loan amount (I'll save you time - Clinton, May 2000!)  Add to that, even the CIA's site lists the US "external debt" to be 12.5 trillion, which is 60.8% of GDP... 

So, the problem is not if they can service the interest, (the US taxpayer does that!) it is that they must also keep borrowing greater and greater amounts, just to keep the economy afloat - plotted on a graph, this approximates an exponential curve, just as the economists in the 90's predicted!

Unsustainable.....

[nitinnun]

is that 9.5 quadrillion?


the debt has been there for a long time.
the IMPORTANT PART, is if they are finally willing to collect.

if they want to keep claiming interest, than they will not call it.


if they FINALLY want this rotten system to change,
and want to implement their new system in its place,
but cannot do it because the dark clowns are in the way,
than collecting the debt is the perfect way to remove them and their power structure.

[madsen]

I posted a link a few posts up which accurately portrays what the current debt is.  As you were unaware of this figure, you may also not know that back in the early 90's when the debt stood at a paltry 1.5 trillion, many leading US economists were even then sounding the alarm bells, extrapolating forward, they predicted that by 2006 the debt would total 6 trillion, an alarming number, but the reality proved even worse - it was 7.5 trillion if memory serves!!! 

 

How do you know I was unaware of the current national debt?

Also, the national debt was well over $2 trillion by 1990, not $1.5 trillion as you are saying. 

They also pointed out that this policy is unsustainable as just servicing the constantly growing interest would mean there was less and less available to pay back the principle loan!  Also, check the above link for the date that the US government last attempted to reduce the principle loan amount (I'll save you time - Clinton, May 2000!)  Add to that, even the CIA's site lists the US "external debt" to be 12.5 trillion, which is 60.8% of GDP... 

So, the problem is not if they can service the interest, (the US taxpayer does that!) it is that they must also keep borrowing greater and greater amounts, just to keep the economy afloat - plotted on a graph, this approximates an exponential curve, just as the economists in the 90's predicted!

Unsustainable.....

Yes, I am aware that the last time the budget was balanced was during the Clinton administration, and the last time before that was when LBJ was president.  As I said before, I'm not happy about the large deficits we have incurred.  However, I was objecting to the claim being made here that the US will go "bankrupt" in the next month or so.  That's complete nonsense. 

[Michelinho]

Hi all,

If you count all that is due by the government you end up with a much larger debt than known. They owe in future expenses and benefits for the retirement funds and Medicare plus the current debt amount over 53 trillions. The 9 trillions they say is a smoke screen. The hole is deeper than deep.

http://mwhodges.home.att.net/nat-debt/debt-nat-a.htm

Take care,

Michel

[z.monkey]

Howdy Nitinnun,

I think quadrillions would be three more zeros.  The point is we can't keep borrowing more money to keep the economy propped up.  This is a solid sign that this system isn't working properly.  Money is loaned into the economy and has to be paid back with interest.  The interest is compound so the money owed is more that the original money created therefore it can never be paid back.  Also the money is created out of thin air, so every time they print up a bunch more money they are reducing the value of the dollar.  Last I heard the dollar was worth 1% of what it was in 1900.  This is because of inflation caused by printing fiat money like crazy.

So, today I found some new information about the ship coming.  It was channeled from Adamu, a Pleiadian.  He said the Lightship would be several miles wide and not 1000 or 2000 miles wide.  Several miles is still pretty damn big.  Still dwarfs an aircraft carrier.  Supposedly this ship is already in orbit around Earth, but it is in a higher density so we cannot see it yet.  They will have to increase the density of the ship to bring it down into our visible range.  If anyone out there can see the higher densities (4th or 5th) start looking for the ship(s).

Blessed Be...