Lucky Number 13?

10 06 2010

What’s the deal with 13?  Some people think it’s a bad number.  It’s just a number.  There was even a Thirteen Club started in the 1800’s to dispel superstition.

Well, we are at a unique time in history and the number 13 is a pivot point.

The United States National Debt is over $13 Trillion now.  I hope the Sleeper has awakened.

The National Debt and the out of control spending are leading our country to economic devastation.  At this rate we will be semi-defunct like Greece very soon.  Unfortunately, we won’t have the EU to bail us out.  No one will be able to bail the US out.

As reported in Bloomberg news, the United States National Debt will exceed our Gross Domestic Product in 2012.

The US currently receives the highest rating for its Treasury Bonds.  As soon as that rating drops you will see interest rates go through the roof.  Calculations of when that will happen is between 2013 and 2018.  If the debt goes up as fast as it is now look for 2013 to be the tipping point.

A Reuters news story on June 8th stated that according to a Treasury Department report to Congress, the National debt will reach $19.6 Trillion by 2015.  If that becomes true, the interest on the debt at only 4% would be almost 800 Billion.  Say for example we have to sell the bonds at a higher rate, say 6%, the interest rate payment will be almost 1.2 Trillion per year.

We are at the tipping point right now.  We need to eliminate the debt not add to it.

Below is the list of our Senators vote to raise the debt ceiling to 14.3 Trillion.  It’s simply raising the line of credit to ourselves.  Those who voted for it are the YEA’s and those against of the NAY’s

YEAs —60
Akaka (D-HI) Baucus (D-MT)  Bayh (D-IN) Begich (D-AK) Bennet (D-CO) Bingaman (D-NM) Boxer (D-CA) Brown (D-OH) Burris (D-IL) Byrd (D-WV) Cantwell (D-WA) Cardin (D-MD) Carper (D-DE) Casey (D-PA) Conrad (D-ND) Dodd (D-CT) Dorgan (D-ND) Durbin (D-IL) Feingold (D-WI) Feinstein (D-CA) Franken (D-MN) Gillibrand (D-NY) Hagan (D-NC) Harkin  (D-IA) Inouye (D-HI) Johnson (D-SD) Kaufman (D-DE) Kerry (D-MA) Kirk (D-MA) Klobuchar (D-MN) Kohl(D-WI) Landrieu (D-LA) Lautenberg (D-NJ) Leahy (D-VT) Levin (D-MI) Lieberman (ID-CT) Lincoln (D-AR) McCaskill (D-MO) Menendez (D-NJ) Merkley (D-OR) Mikulski (D-MD) Murray (D-WA) Nelson (D-FL) Nelson (D-NE) Pryor (D-AR) Reed (D-RI) Reid (D-NV) Rockefeller (D-WV) Sanders (I-VT) Schumer (D-NY) Shaheen (D-NH) Specter  (D-PA) Stabenow (D-MI) Tester (D-MT) Udall (D-CO) Udall (D-NM) Warner (D-VA) Webb (D-VA) Whitehouse (D-RI) Wyden (D-OR)

NAYs —39
Alexander (R-TN) Barrasso (R-WY) Bennett (R-UT) Bond (R-MO) Brownback (R-KS) Bunning (R-KY) Burr (R-NC) Chambliss (R-GA) Coburn (R-OK) Cochran (R-MS) Collins (R-ME) Corker (R-TN) Cornyn (R-TX) Crapo (R-ID) DeMint  (R-SC) Ensign (R-NV) Graham (R-SC) Grassley (R-IA) Gregg (R-NH) Hatch (R-UT) Hutchison (R-TX) Inhofe (R-OK) Isakson (R-GA) Johanns (R-NE) Kyl (R-AZ) LeMieux (R-FL) Lugar (R-IN) McCain (R-AZ) McConnell (R-KY) Murkowski  (R-AK) Risch (R-ID) Roberts (R-KS) Sessions (R-AL) Shelby (R-AL) Snowe (R-ME) Thune (R-SD) Vitter (R-LA) Voinovich (R-OH) Wicker (R-MS)

Not Voting – 1
Enzi (R-WY)

The vote was down party lines this time but when Republicans were in power they were not responsible spenders either.  There must be a moratorium on the deficit then gradually eliminate the debt.  Let’s have Congress pass a law that the national debt ceiling is lowered to $13 Trillion and gradually lower it at least 5% each year after that.  Lots of sacred cows will have to be slaughtered and there will be citizens complaining but if we are to survive surgery is required.

13 is a great number.  It is the number of colonies that joined to form the United States and the original number of stars on the US flag.  In the Great Seal of the United States there are: 13 olive leaves (with 13 olives), 13 arrows, and 13 stars, all forming a triangle over the eagle with the number 13 on each point.  On the pyramid there are 13 levels.

The Apollo 13 mission failed, but is one of the most inspiring space adventures in history.  All three astronauts returned safely to Earth.  I recommend the movie of the same name.

13 Trillion can be a turning point for America,  We can return safely to sound economics, yes we can, but not with the current spending intoxication.

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