Here are some of the highlights of Chuck's video:
If one spends $1,000.00 a minute since Jesus was born, that money would equal a trillion dollars!
An American born this minute owes $200,000.00 in national debt!
If the Federal Government were a business or bank it would be bankrupt and nationalized and the President, the House and Senate fired!
One million dollar bills placed end to end is 95 miles long!
A trillion dollars goes around the earth four thousand times!
The U.S. is spending 4.0 trillion dollars this year
Our receipts (taxes) this year will be 2.5 trillion dollars
Our deficit this year will be 1.5 trillion dollars and that is a conservative number.
The current U.S. debt is 11.6 trillion dollars
It is projected that our deficit in 10 years will be 20 trillion dollars
The Social Security liability is 15 trillion dollars
The Medicare liability is 36 trillion dollars
No one really knows what the Obamacare debt will be
These numbers do not include TARP and other crap our government has passed this year!
Below is the link to Chuck's outstanding presentation
CBN TV - Chuck Vollmer : America's Tyrannical Multi-Trillion ...
Chuck also has a PowerPoint presentation, it is a long presentation so I could not download it successfully and besides because of its length I felt it would bore everybody except academic types. Consequently, I will give you the bottom line to all of this discussion. I do not know of an empire or nation historically that has ever survived with such debt. One of the ways out of this debt is to create hyper-inflation. Believe it or not at 20 nations have hyper-inflated in the last 20 years to wipe out their debt! We could be next!
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