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National Debt Much Worse Than They Are Telling Us!

National debt as stated is smoke and mirrors

It's amazing to me how the government can continue to lie, cheat and steal, with the American people willing to just roll over and expose their underbelly, while they wait to be eviscerated.

In other words, Americans are just eating what they are being spoon fed.

Case in point, the national debt. We are told that our national debt is just over $15 trillion. But, that is not the whole story. The national debt is made up of public debt and government spending. If one looks at this a little closer and uses a little common sense, you will find that the national debt and the public debt are not the same thing.

This is an illusion that is used to sugarcoat our debt situation. Our $15 trillion in debt is only a fraction of the problem with this country's spending addiction. The other portion of our debt that seems to be neglected is referred to as unfunded liability, which is currently just over $114 trillion. No, that is not a typo, that is what the media and the government is keeping mum over.

How many people can even begin to fathom even a trillion dollars, much less 114 trillion.

Well, I have gotten you started. Now it's time for everyone to go and do your own research. Remember, a nation of sheep begets a government of wolves.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Jery Elliott March 04, 2012 at 03:12 AM
J. Brown ... I'd like to see your credentials as an economist. Or at least your sources. Because you come off like an angry drunk guy who is tyong one on a little too early in the morning.
J. Brown March 04, 2012 at 10:32 AM
You don't need credentials to do your own research. If you are really interested in disproving what I have stated, then you will seek out the information yourself. The problem in this country right now is that people take everything at face value, and they believe any load of crap that media throws at them. I do not claim to be an exowrt at anything, I am forever a student. I'll throw you a bone, try looking at the national debt clock for starters. I blog here to make people aware, and to inspire them to educate themselves on these important issues. But, I'm not going to spoon feed you links and information, it is your job as an american and I hope as a voter to educate yourself. I do appreciate the comment, and I always like to hear an opposing point of view. Do your own research, don't be a sheep.
J. Brown March 04, 2012 at 10:53 AM
An just to add, yes I am angry. I'm angry at the fact that this country's impending financial collapse is going to be facilitated by our current government and our media outlets. Although angry is probably an understatement.
Scottrey March 04, 2012 at 12:23 PM
J. Brown, don't ask Jerrrry to do research that is beyond him. He just likes to post here and there with no facts just to stir the pot, you know TROLL. Like you I am tired of Washington and their rhetoric. Neither party has a monopoly on caring for the average Joe, in fact they are both great at protecting the wealthy contributors whom get them into office. What we need is Constitutional Representatives in DC, ones who not only understand but abide by our Great Country's Constitution. Until then debt and liabilities just get tossed back and forth and blame the other party.
Bob Gaudreau March 04, 2012 at 03:00 PM
Nice job of exposing the way we are being played by our Political Thiefs! I just finished a great book by several noted ECONOMISTS that is not getting headlines because they expose the truth....ydid so when they wrote their first book in 2006 called: ‘America’s Bubble Economy: Profit When It Pops’ which predicted our meltdown trough 2008. AFTERSHOCK was written in 2008 and predicted our plight correctly through today. The authors are working on a new book to predict through 2014. They do not sugarcoat and present with facts. I advise everyone to read it NOW! My wife and I just listed our Home here in Bloomingdale to downsize and get ready for the most painful years still to come. You are right in that the average American has no clue what is going on with the National Debt and the poilitcal mischeif of our Leaders in Congress. The authors of AFTERSHOCK tell us that the government, financial firms, and economists are "cheerleading" everyone through the current plight to disaster so no one will notice until it is here! Wake up America and prepare yourselves! Bob G
Jery Elliott March 04, 2012 at 07:15 PM
You are correct sir, one need not have credentials to do research. I will come right out and say that I am NOT an economist and I am not foolish enough to post my thoughts on the topic to a public blog. And if I did I would expect that those who disagree with me would question my authority on the subject. I very much apreciate your owning up to the fact that we are equals in our naivety on the subject.

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