What, Me Worry…About The Debt Limit?

Almost  17 Trillion Dollar US National DebtThe U.S. national debt is currently more than 16.6 trillion dollars.  To be specific:

$16,612,999,780,367.

Wait!  In the time it took me to type that number and this paragraph, it increased to:

$16,613,002,548,932.

What does that mean to you?

Well, it’s $52,672 per U.S. citizen.

Since only 36 out of every 100 citizens pays federal income taxes, it’s $146,848/taxpayer.

(photo credit)

Want to see for yourself how concerned the Democrat politicians in WashingtonD.C. are about this problem?  Take a look:

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Finally, take just 3 more minutes and watch this satirical but sobering video, from 15 months ago when the national debt was “only” about $14 trillion dollars — or 15.6% less than it is today.  And then think of your children and grandchildren…PLEASE…before it’s too late.

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Oh…and by the way, as I finish typing this article the national debt is now $16,613,036,489,730.

No wait!  Now it’s….

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About Necessary and Proper

Jeff believes in the Individual's ability to excel when liberty and freedom of choice are protected. Also believes in the Community's ability to take care of the vast majority of its own issues and needs when the federal government leaves the Community's resources and sphere of control alone. State and local choice produce better results than centralized federal control. https://necessaryandpropergovt.wordpress.com/
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5 Responses to What, Me Worry…About The Debt Limit?

  1. JohnRH says:

    Reblogged this on John’s space and commented:
    This is yet another great blog about the U.S. national debt. The second video is sadly, hilariously funny. Both are short. (Refresh your web page if you get an error on the first video as I did. It worked for me.) Good work NecessaryAndProper.

    Like

  2. damagodiva says:

    Great! Now it’s $16,614,432,690,280 and growing.

    Like

  3. The Ed says:

    The raise the debt ceiling video was so spot on. So how is it that the media can portray the debate as anything rational?

    Like

  4. At this point I almost think we should default on the debt and just get it over with. Either we default now and deal with the consequences, or we attempt to sustain it and default slowly through inflation. Washington isn’t going to cut spending. We might as well get it over with.

    Like

    • Hi EC.
      Outright defaulting on any debt spooks the creditors, and assures they will never loan you money again, unless it’s at a sky-high interest rate that you’re desparate enough to pay. Inflation is the invisible way to default on the debt, so expect that in our future…at some point. When it starts, buy precious metals. For now, though, the rest of the world is mostly worse off than America, so they continue to willingly buy U.S. bonds at low interest rates. Like giving cocaine to an addict, unfortunately.
      – Jeff

      Like

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