National Debt Just Under $14 Trillion

7 12 2010

We’ll fall short of my previous prediction (Don’t Look At This).  That was written almost 2 years ago.  The projection was that by the end of 2010, the national debt would reach 14.5 Trillion.  We will reach just under $14 Trillion.

The national debt ceiling is currently $14.3 Trillion.  In my humble opinion, it is Treason to raise the debt ceiling.  We are ready to implode and collapse as a country.  Take a look at Greece, Iceland, Ireland, Portugal and Spain.

It is Treason to raise the debt ceiling!

Those burying us in debt are traitors.  It does not matter what the political excuse is.  To put us collectively into slavery is treasonous and should be punishable by removal of office.  That goes for any Congressman, Executive, politician or bureaucrat perpetuating and growing the debt.  It should be zero.

The debt should be reduced by 3% compounded every year by statute.

Over 70 welfare programs including Medicare/Medicaid and Social Security are bleeding us to death.  We’re wiping out the sacrifice that patriots fought and died for.  Our freedom is being swallowed as we voluntarily surrender to slavery.  The current deal about to go down is another glut of spending by the Democrats and Republicans.

The Gross National Product is $14.4 Trillion per year currently.  If the debt goes above the GNP, serious implications will follow.  If we continue down the road of fiscal foolishness, our AAA national credit rating will be in jeopardy.  At this rate it will be in 2012 to 2016 that our treasury bonds will be less useful than toilet paper.

It is insanity to try to save people from the black hole of poverty when it will impoverish the whole nation.  Freedom is the only salvation from poverty.  Freedom is not free but the cost is much lower than collective slavery.

Where has individual independence gone?  Are we to become a nation of slaves and serfs?

Are we as a Nation going to climb the cliff or jump off?

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