Friday, September 14, 2012

Clouds On The Horizon

The United States of America now has a debt of over 16 trillion dollars.

It took the United States government 200 years to accumulate its first trillion of debt. It has taken only 286 days to accumulate the latest trillion. The current trend dictates that this unsustainable folly will continue to increase.

The United States will pay 340 billion dollars in interest payments this year. China will receive enough interest payments from  it to pay for its entire yearly military budget.

Last year the US took in $2.3 trillion in tax revenue, but they spent $2.9 trillion just on entitlement programs like Social Security and Medicare, plus the defense budget. They were $600 billion in the hole before they paid any interest, salary or even a light bill.

Some question why Homeland Security and its sister government bureaucracies have now purchased 1.4 billion bullets this year, a lot of them hollow point. Official government responses indicate "that the number may be overstated and that they are for normal daily use and training purposes."

Many people believe otherwise and think the bullets are for harshly subduing the population when the massive volatile citizen unrest occurs following the total and complete economic collapse.

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