The truth about our national debt and how it is killing our future

 

By Kevin “Coach” Collins

We are 15 TRILLION dollars in debt. Barack Obama is has added $1 TRILLION dollars to our national debt and hasn’t signed a budget in three years because the Democrats in the Senate will not vote one into law.  Since 1986 the national debt has risen from 2 TRILLION dollars to the mess we have today. Here’s how much ONE TRILLION dollars is: spending $60.00 each hour it would take over 31 years to spend a TRILLION dollars.

There is NO prosperity in this country and anyone who says we are recovering economically is a liar a fool or an Obama stooge.

If you are one of the dwindling number of actual taxpayers, since Obama was sworn in your share of the national debt has increased  by over $64,000.

If Obama’s government confiscated every penny multi billionaire Bill Gates had, the proceeds would pay for running the federal government 15 days.

If Obama’s IRS confiscated every single penny everyone worth $250.000 or more has, the proceeds would pay for just 38% of the cost of running our government.  

Read this carefully: As Americans we now have MORE per capita debt than the Greeks Portuguese Italians Irish or the Spanish and each of their countries is regularly talked about as being on the verge of collapse.    

Obama’s unlawful spending binge has made over 8% unemployment the new normal. The nitwit half of society believes getting rich in America happens by luck. This will have to be straightened out but it is not our biggest problem.  

Right now the American government’s debt is over 101 % of our GDP which is constantly being revised downward.

Mandatory government spending is at a level not scheduled to be a reality until 2060. Folks: Today is Tomorrow; There are No More Tomorrows.

The average American household now receives more from the federal government than it pays in taxes.

If we stopped borrowing money and decided to pay off our debt, at the rate of $86,400 a day it would take more than 480,000 years to do it.  

Follow Coach at twitter.com @KcoachcCoach

To reach your Congressional representative, use this link:

http://www.contactingthecongress.org/

To read more use this link:

http://www.blacklistednews.com/27_Things_That_Every_American_Should_Know_About_The_National_Debt/20523/0/38/38/Y/M.html

To get your copy of Coach’s new book Crooks Thugs and bigots: the lost hidden and changed history of the Democratic Party available at: http://crooksthugsandbigots.com 

 In this world you may have knowledge or you may have repose, but you may not have both. 

What have you done today to deserve to live in America?

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One thought on “The truth about our national debt and how it is killing our future”

  1. So what is YOUR idea coach? Seems whether it is Obama or Bush, they ALL have spent like drunken sailors.

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