Crushing National Debt

Just Explain It: How Long Will It Take To Pay Off The U.S. Debt? An article by Zelkadis Elvi on Just Explain It.


America’s debt now tops $16 trillion, and the meter never stops running. The national debt increases by about $35 million an hour, and around $2 billion every 24 hours.

Cowboy's and Tea Parties note:  As I post this, the National debt is $16.8+ trillion. 

As the country’s debt skyrockets, politicians and pundits are debating how to get it under control. If nothing is done, we could be $17 trillion in the hole later this year.

But for the first time in six years, the federal government said it would make a small down payment on the national debt – about $35 billion worth. They say higher tax receipts and recent spending cuts helped raise the money.

Which brings us to the topic of this Just Explain It.

What exactly is the debt? And how long would it take to pay it off?

First, here’s some history.

Before President Reagan took office, the national debt was $1 trillion. By the time President Clinton left the White House, it reached $5.6 trillion. Eight years later, the debt had almost doubled. And today it stands at $16.8 trillion.

So… where did all of this debt come from?

It is the amount of money the U-S government has borrowed to pay its bills. It exists because the government’s expenses exceed its revenues. So to pay the bills, the government borrows money from countries like Japan, China, Brazil and other places.

But surprisingly enough, we owe most of the money to ourselves. 66% of the national debt is owned by U-S entities like, the Federal Reserve, Social Security, various pension plans, banks and individual investors.

To understand just how much $16 trillion is…here are some fun facts.

Actor Tom Cruise reportedly made $75 million last year. Now most of us would agree that’s a lot of money. But for him to earn just $1 trillion, he would have to make $75 million a year for 14,000 years.

For those of you who like to shop…you’d have to spend $5 million a day for the next 546 years.

And if you laid a trillion one-dollar bills end-to-end, they would wrap around the equator over 380 times and you’d still have 17 laps to go.

Our $16 trillion debt could be paid off in a year. But in order for that to happen, the government would have to stop spending completely and raise taxes at least 10% across the board. The money generated would go directly to paying down the debt.

Make No Mistake About it - War on the Border, War on our Second Amendment

War on the border from Mexican Cartels,...war on our firearms freedoms from our own Government. This should be watched by everybody that values their freedom.

Warning, graphic scenes.

Border Security - do not shy away from this video please, despite the warning and despite the fact that it is nine months old. Felipe Calderon, butt clown #1 is no longer President of Mexico. In his place is Enrique Nieto aka butt clown #2 from the PRI (progressive party) which are known as Cartel Appeasers.

This is a powerful video produced by the NRA (National Rifle Association), but you need to be aware of this as a citizen of the U.S.A.

For those of you who may not know, Sheriff Larry Dever, white cowboy hat and blue/white checkered shirt is the long time sheriff of Cochise County, Sierra Vista , where I live, is the largest town in Cochise County. Cochise County is huge and borders Sonora, Mexico. Unfortunantly Sheriff Dever died in a vehicle accident this past September.

The bald-headed guy is Sheriff Paul Babeau of Pinal County, North of Tucson , AZ.

This video doesn't say so, but there are videos taken on Hwy 8, going from I-10 north of Tucson, thru Gila Bend and on to CA has a sign warning drivers not to stop or pick up hitchhikers because so many are illegals who have illegally come across the border from Mexico. They can be Mexican or of any other foreign country, but are usually Mexican nationals working for the Sinaloan Cartel.
Powerful!! And absolutely factual!

Obama Administration - Law Is Irrelevant

Well of course the Law is Irrelevant when it comes to the law getting in the way of the Obama Administration doing what they want to do. Here it is the latest episode of pulling back the curtain. Make no mistake about it the Obama Administration is the most arrogant, corrupt and constitutional destructive administration in the history of the United States.

Please watch White House Advisor, Dan Pfeiffer, be the one to let the cta out of the bag this time and show us once again to what levels of arrogance and power grabbing this administration is about.