U.S. Debt Clock

Have you ever heard that figures don't lie but liars can figure?  Most of what passes for "economic commentary" these days is closer to the latter than the former. As long as the "experts" make it all sound complicated the masses can be duped. But it is actually very simple.  Our government is fleecing us and using the power of the unconstitutional Federal Reserve to do it. The US money supply is created from debt which didn't exist a moment before it was loaned to the government for the very purpose of creating it. Sound strange? It is. It's not high finance it's highway robbery, and the numbers are staggering. For a very sobering, real-time look at the drainage of our well-being and the erosion of our dollar, check out the following Debt Clock. We ought to be ashamed of ourselves for letting this continue. (Thanks to reader Clyde Keep for sending this along).

Comments

[Phyllis Hoff]

Unbelieveable. You are right Chris. We should be ashamed of ourselves. It just keeps ticking upward and out of control.

[Mark]

I went to Wendy's yesterday for a cheeseburger and some fries.

To my surprise, the Dollar Menu has been replaced by the $1.49 Menu!!!

This is just the start as ALL of US are being ROBBED (as prices increase).

Mark

[Abraham]

The IOUSA movie is amazing. What is going on up there on Capital Hill. And Obama is signing today a bill that will outlaw smoking in the Rose Garden. -Phew, glad they're finally taking care of that one.- Ridiculous...is the lack of majority cry out concerning these major issues a symptom of the desire to have big gov't take care of us? Do the people care more of there social statu and domestic needs of today than they care for the future of or nation...? This baffles me.

[John Dickinson - Team One Purpose!]

Chris,

It's interesting to think about what the US federal government would do if millions of people left the country for free-er countries.

Then the debt per person would skyrocket and there wouldn't be any private sector to pay the countries debt.

It's kind of extreme, but so was the American Resolution, I mean Revolution.

Thanks,
John

P.S. this website has a debt clock widget for blogs - http://www.uwsa.com/us-national-debt.html

[Brent Campau]

Erode the value of the dollar, make way for universal currency and more govt controls (go ahead, flag me).

[Joshua Hendrickson]

Interesting ... did you notice that just 1/4 of our debt is "owned" by other countries? If people understood what that meant, we'd be more afraid of the Federal Reserve taking over our government (as if they haven't already) than of China trying to collect from us. If we eliminated the Federal Reserve, erased that debt burden in the process, and just stuck with the current currency supply, there might be a light at the end of the tunnel, but I don't see one as long as that central bank exists within our borders ...

Also, did you know that the 0.5% tax that caused the American Revolution, at the root, was caused by the central banks overseas. It was basically them trying to pass some of their burden onto us for the same reasons our burden is growing so quickly. I think we need another revolution ... we're already in a "quiet, unsung economic civil war", we're waiting for the (leadership) revolution to go mainstream! I'm proud to be following leaders like yourself and Orrin :) See you in Madison as a new Team 5!

God Bless,
Joshua Hendrickson
Dream Team Defenders

[Cathy - Team Rascals]

Chris,

I knew the national debt was incredible. I just never knew how staggering it was, until I looked at the debt clock link you gave us.

What caught my attention was the comparison between the largest budget items and the U.S. Government's bailouts. I really had to do some searching in my house for a calculator with enough spaces to do the math on this one. When I compared the budget items with the bailouts, I found that you would have to add the Defense, Social Security and Interest on Debt budget items together, all just to equal the bailouts the U.S. Government has handed out.

Do you know why that's true? It's because the government is ill-equipped to handle being paid back! I remember in Lee Iacocoa's autobiography, he said when Chrysler was trying to pay back their loans (what was called a "bailout" at the time), they had a real struggle doing it, because the U.S. government had no system in place to accept payments, particularly if they were before they were due! So it makes sense this number is so big, if the government just hands out cash, with no expectation of payback, and no system with which to do it.

Something's gotta change. This is, after all, our money, folks . . .

[Owen Derry]

President Kennedy, at the end of his inaugural address, said the following:

"In the long history of the world, only a few generations have been granted the role of defending freedom in its hour of maximum danger. I do not shrink from this responsibility -- I welcome it. I do not believe that any of us would exchange places with any other people or any other generation. The energy, the faith, the devotion which we bring to this endeavor will light our country and all who serve it. And the glow from that fire can truly light the world.

"And so, my fellow Americans, ask not what your country can do for you; ask what you can do for your country.

"My fellow citizens of the world, ask not what America will do for you, but what together we can do for the freedom of man.

"Finally, whether you are citizens of America or citizens of the world, ask of us here the same high standards of strength and sacrifice which we ask of you. With a good conscience our only sure reward, with history the final judge of our deeds, let us go forth to lead the land we love, asking His blessing and His help, but knowing that here on earth God's work must truly be our own."

Couple of interesting points:

1. In his speech, he quoted the Bible twice.

2. He mentions God in what I interpret to be a reverential way.

3. He talks about the role of defending freedom. At that point in time, it was the fear of nuclear holocaust. Today, our enemy is not nearly as clear. I believe it is ignorance, complacency, and apathy on the one end; and greed and lust for power on the other -- a much tougher war, but every bit as important as the ones in the 1960s, and the Civil Rights Movement, and WW II, and WW I, and the Civil War, and the Revolutionary War.

My thanks to you and the Policy Council and everyone on the Team who is out defending our freedom from a very nebulous, but very, very, dangerous, enemy which threatens the very freedom for which so many shed their blood; defending it by offering people truth, hope, and an opportunity to remain free.

[Owen Derry]

There are 100 of America's top 20th century speeches posted at

http://www.americanrhetoric.com/top100speechesall.html

Thought you and the other two readers might find them interesting.