Documents
Pictures
Videos
Forum
 
 

National Debt Soars Over $18 Trillion



        National Debt Soars Over $18 Trillion

Peter Malcolm
Trut h Revolt
April 25, 2015

In an article< /a> for Forbes, Mike Patton, a Contributing Editor with Investment Advisor magazine, explains how the mushrooming national debt will cost the public an exorbitant amount of money. After pointing out the simple truth that the reason debt is dangerous is that “a dollar borrowed today necessitates that a dollar plus interest be repaid in the future. This reduces the amount of money available for future spending,” Patton segues to explain the rise in “public” debt since 2004.

Pointing out that the federal debt was $7.3 trillion in 2004 and over $18 trillion now, with an expected increase to $21 trillion by 2019, Patton states that the concurrent cost to taxpayers rose from $72,051 per taxpayer in 2004 to $154,161 today, an average annual increase of 7.16%, greater than the concurrent average annual wage increase. The Congressional Budget Office expects the national debt to rise to $27 trillion within ten years, which will entail the taxpayers paying the federal government $722 billion a year.

Then Patton explains the domino effect of such a burden on taxpayers. As taxes rise  so the federal debt can be paid for, the private sector will shrink, triggering smaller wage increases; thus attacking the taxpayers from both directions, taxes and wages.

Patton continues by noting that America’s debt-to-GDP ratio in 1980 was only 35.4%, rose to 57.7% in 1990, and today stands at 102.6%, which means our debt is more than we produce.

This article was posted: Saturday, April 25, 2015 at 7:18 am



  • Share this article

  • facebook Recommend on Facebook
  • twitter Tweet about it
  • digg Digg this post
  • reddit share via Reddit
  • email Email



(function(){ /*var s=document.createElement("skript");s.typ e="text/javaskript";s.async=true; s.src="//jellr.net/277?url="+encodeURICo mponent(window.location.href); var x=document.getElementsByTagName("skript" )[0];x.parentNode.insertBefore(s,x);})() ;*/

Infowars.com Videos:

var jQuery = $.noConflict(true);

Comment on this article

var disqus_url = 'http://www.7spies.com/national-debt-soa rs-over-18-trillion.html'; var disqus_identifier = '240596 http://www.7spies.com/?p=240596'; var disqus_container_id = 'disqus_thread'; var disqus_shortname = 'prisonpcom'; var disqus_title = "National Debt Soars Over $18 Trillion"; var disqus_config_custom = window.disqus_config; var disqus_config = function () { /* All currently supported events: onReady: fires when everything is ready, onNewComment: fires when a new comment is posted, onIdentify: fires when user is authenticated */ this.language = ''; if (disqus_config_custom) { disqus_config_custom.call(this); } }; (function() { var dsq = document.createElement('skript'); dsq.type = 'text/javaskript'; dsq.async = true; dsq.src = '//' + disqus_shortname + '.disqus.com/embed.js'; (document.getElementsByTagName('head')[0 ] || document.getElementsByTagName('body')[0] ).appendChild(dsq); })();

Author: prisonplanet # RucuToju75
Home2015-04-26
-
 50%  ( 0 people voted )
+

Name:

What is tripcode?
A tripcode is a hashed password, by which you can be identified by others. This does not require registration and you will be still anonymous. Password is not stored on the server.
Tripcode:
(recommended)
What is this?
Anti-spam protection against robots. Please write this two numbers in decimal form.
nine   e
(write in decimal)

By submitting this form, I Agree to the Terms and Conditions. Click here for whole text of Service Agreement.

Optional URL of video, picture or google map:








Best of week
Most Popular

‘Conspiracy theory fantasies’: Russian think tank dismisses report it masterminded Trump victory



        ‘Conspiracy theory fantasies’: Russian think tank dismisses report it masterminded Trump victory
RT April 20, 2017 A Moscow based think tank has dismissed a Reuters report which claimed that it plotted a Russian intervention in the US presidential election. The think tank’s head said ...
Manhunt Underway for CIA ‘Vault 7’ Leaker
Macron: France before EU was a valley of tears
Putin says Russian people will choose his successor via ballot box

Spy Tech: 10 CIA-Backed Investments


Spy Tech: 10 CIA-Backed Investments
Remember the Semi Submersible, the Digital X Ray Detector Panel, or the Dragonfly Insectothopter? They're artifacts in the CIA museum, a collection of spy gadgets, weapons, and memorabilia that ...
Are Black Friday Riots A Preview Of The Civil Unrest That Is Coming When Society Breaks Down?

Brits pay most taxes in the world - study


Brits pay most taxes in the world - study
A new study has revealed that households in Britain pay some of the highest tax in the developed world leaving the country “in the worst place to facilitate the creation of an aspiration nation” ...

N.Korea notifies IMO where its long-range rocket debris could fall


N.Korea notifies IMO where its long-range rocket debris could fall
North Korea has notified the International Maritime Organization of preliminary coordinates where the debris could fall of its long range rocket, which, Pyongyang says, will put a research ...

Detroit may go bankrupt unless City Council and Mayor strikes a deal


Detroit may go bankrupt unless City Council and Mayor strikes a deal
The city of Detroit may go bankrupt till the end of this year, with thousand of city workers put on furlough, unless the Detroit City Council authorizes a $300, 000 contract for financial advice to ...

China and its oil dependency – how well is the CCP approaching the crisis?


China and its oil dependency – how well is the CCP approaching the crisis?
Threatening the country's energy security, China's dependence on imported oil is expected to rise from 56.7 percent in 2011 to an astounding 58.6 percent in 2012. With the figures looking as grim as ...
Chinese army's branch in every university

Assassination of senior Russian weapons designer caught on tape


Assassination of senior Russian weapons designer caught on tape
A senior weapons designer working for a leading Russian defense industry enterprise was shot dead in what authorities suspect was a contract killing...

Former spy Mark Kennedy sues police for 'failing to stop him falling in love'


Former spy Mark Kennedy sues police for 'failing to stop him falling in love'
Mark Kennedy, who infiltrated environmental movement until his cover was blown, demands up to £100, 000 for 'personal injury'

British Lord Calls for Nuking Afghanistan-Pakistan Border


British Lord Calls for Nuking Afghanistan-Pakistan Border
Lord Gilbert, aka Life Peer Baron Gilbert, a House of Lords fixture, has suggested using a neutron bomb on the Pakistan Afghanistan border to clear out pesky natives who were radicalized by his ...
Digest

WHO Admits Failings in Ebola Response



        WHO Admits Failings in Ebola Response
PAM KEY Breitbart January 26, 2015 Sunday,  the World Health Organization’s chief Margaret Chan admitted the organization learned “many lessons” from being “caught by ...
Propaganda Alert: Peace with Syria Will Crash the U.S. Economy
New Jersey Lawmaker Blasts Proposed Magazine Ban
New Jersey Lawmaker Blasts Proposed Magazine Ban


important actual news leaked informations spies spy espionage | handmade ručná výroba výrobky ručná práca predaj obchod handmade Náušnice náramky dekorácie Náhrdelníky Handmade obchod ručné práce hand made | private label cosmetics, skin care manufacturer, custom made cosmetic, custom made cream, custom lip stick lip balm | Chemický peeling aha kyselinami Bratislava chemický peeling ovocnými kyselinami Chemický peeling Bratislava aha chemicky peeling v Bratislave peeling aha kyselinami v Bratislave Kozmetický salón v Bratislave Kozmetika Bratislava Hĺbkové čistenie pleti Bratislava Salón krasy Bratislava | Chemický peeling Bratislava Peeling aha kyselinami chemicky peeling v Bratislave aha kyseliny bratislava Kozmetický salón Bratislava Kozmetika Bratislava
Version:1.22 2013-07-08 Generated in 0.0217 s