OSWALD IN THE DOORWAY- the blog of the Oswald Innocence Campaign by Ralph Cinque
Sunday, March 18, 2018
I am putting this up, which I received in a bulk email, because I think it has a bearing on JFK assassination truth. If there were an economic collapse due to the impossible finances of the U.S. government, then JFK assassination truth might just erupt overnight.
Unpayable! America's debt is hellish!
At $21 trillion, the U.S. national debt is not even a number anymore. It's becoming abstract.
Most Americans don't even know it exists since the ramifications of running such a bloated-up deficit have never stopped the country from paying its obligations.
The U.S. government doesn't miss a payment, ever, but here's a snapshot of its financial situation:
The Federal deficit, which is the difference between the expenditures made by Congress and the money collected through taxes, stands at over $730B, but that's small compared to the US Federal spending, already approved by the president of over $4 trillion.
To repay it, every citizen will need to come up with $65,000; put differently, each taxpayer will need to send the Federal government a $175,000 check.
Medicare payments already cost $1.2 trillion, with social security coming in second at $1 trillion.
The debt to GDP ratio sits at 106%, which is more than most other nations on the planet.
Given the choice between loaning the Federal government money or holding a piece of burning coal, it might be a less painful notion to get burned.
I have seen some wild interest payments due by populations in my travels around the globe, but a country, which pays $2.6 trillion a year, when combining household, state level, Federal level, and businesses combined, should take a close, hard look at what has gone wrong.
On average, every family in America is $850,000 in debt, when dividing total debt by the number of families, while total savings per family stand at a "whopping" $4,345 – it's a joke.
We're at the end of the road for this experiment. The fuse is shortening.