Our national debt is a national disgrace!

You’ll hear people complaining that the more than $22,000,000,000,000 ($22 trillion) national debt we have can be blamed on democrats and republicans, and they would be correct, but on the other hand I don’t see liberals attempting to really do anything about it or bring it to anyone’s attention.

There is at least a group of conservative congress people who attempt to act like responsible adults.

In this instance, a number of republican lawmakers are seeking to declare our $22 trillion debt a national security threat, and there is no doubt that our debt IS a national security threat.

According to Doug McKelway, a Washington correspondent for Fox News, “Few politicians appear willing to address the hard choices that debt reduction would entail: higher taxes and less spending.”

Wow…, now that is breaking news…, NOT!

Not only do most politicians not want to talk about debt reduction, quite a few of our liberal friends are actually promoting a seemingly unlimited expansion of the national debt.

“We introduced this resolution because the United States is racing towards a fiscal cliff,” Representative Andy Biggs, a Republican from Arizona, who is sponsoring the legislation, said. “Congress is taking few measures to solve this problem, and it is beyond time for our colleagues in both chambers to become serious about balancing the nation’s budget and recognize this issue as a threat to our national security.”

According to Sally Persons of Fox News, “A similar resolution was introduced last year on the House side, but this time sponsors were able to get some support from Senate colleagues.  Biggs has been working with Senator David Perdue, a republican from Georgia, and a vocal advocate for addressing the debt, who even has a debt clock in his office, on a similar resolution in the upper chamber.”

“The single greatest threat to our national security is our national debt, and it’s time Washington comes to grips with that reality,” Perdue told Fox News. “This month, our national debt topped $22 trillion. This news should have sounded alarms throughout Washington, but bureaucrats and career politicians didn’t even blink an eye.”

national debt 1

Senator Rand Paul, a republican from Kentucky, admonished his fellow members last year over the budget and spending increases. His opposition actually led to a short government shutdown.

“If you were against President Obama’s deficits and now you’re for the Republican deficits isn’t that the very definition of hypocrisy?” Paul said on the Senate floor last year. “Don’t you remember when Republicans howled to high heaven that President Obama was spending us into the gutter, spending us into oblivion?”

Leaders in the national security community have also made their concerns known about the massive debt.  Director of National Intelligence Dan Coats listed the debt as a national security concern last year in a hearing before the Senate Intelligence Committee.

“This situation is unsustainable as I think we all know and represents a dire threat to our economic and national security,” Coats said.

“Ultimately, the debt impacts our ability to fund priorities, like providing our men and women in uniform with the resources they need to protect Americans,” Perdue said. “This debt crisis will only get worse, and if we don’t act now, our country will lose the ability to do the right thing.”

Let’s take a closer look about what we’re actually talking about here when we talk about a national debt of over $22,000,000,000,000 ($22 trillion).

Every citizen, meaning every man, woman, child or whatever you are, would have to come up with about $68,000 to pay off the national debt.

According to Chris Pandolfo of the Conservative Review:

Not every citizen pays taxes, however.  Every taxpaying citizen owes approximately $166,000 towards the national debt.

The national debt is bigger than the value of everything produced in America over one year (U.S. GDP, Gross Domestic Product, = $19.3 trillion).

That means every dollar you worked for this year and everything of value produced in this country right now is not enough to meet our debt obligations.

Government estimates currently project this year’s budget deficit alone will be $693 billion, which in turn gets added to the running national debt.

To avoid default, the government needs to make interest payments on our debt.  As the debt increases, the interest payments go up, too.

A complete collapse is the threat of such uncontrollable debt.  And an economic collapse would mean massive cuts to government programs like Social Security, Medicare, Medicaid in a very short amount of time.

When taxes go up, social services stop, paychecks get smaller, and jobs are lost. There, you have the perfect recipe for civil unrest.  This is what happened in Greece.

Our national debt increases at an average rate of $27,762.94 per second.

If it took you five minutes to read this, the debt grew by at least another $8 million in that time.

This obviously cannot last.

Eventually we will be unable to make the payments we need to make. When that happens, this country could see economic devastation that looks like Venezuela.

In his farewell address, George Washington urged the nation to “avoid … the accumulation of debt not only by shunning occasions of expense but by vigorous exertions to discharge the debts, no throwing upon posterity the burden which we ourselves ought to bear.”

It’s time to take President Washington’s advice seriously, or we all will end up suffering.

Additionally, Simon Black from the website Sovereignman.com added:

A “trillion” almost seems like a fantasy… a made-up number like “a bajillion” or “a gazillion.”

It’s a number so large that our minds don’t even have the ability to grasp the real meaning of it, because there is so little within our physical human experience that we can relate to it.

To put the number into perspective, consider that in the entire history of humanity no other nation has ever had as much debt as the United States. And yes, that fact is adjusted for inflation.

Let’s say you start spending money when Jesus was born, on the first Christmas.

You start spending $1,000,000 (1 million) every hour.  Over two thousand years pass, and by a miracle, you’re still alive…, and you’re still spending $1,000,000 every hour since Jesus’ birth.

So, spending $1,000,000 X 24 hours per day X 365 days per year X 2018 years…, you’d spend $18 trillion.  You’d still have spent less that the current US national debt.

Worse yet, the Treasury Department has already estimated that it will borrow another $1 trillion this fiscal year, an additional $1 trillion next year, and another trillion dollars the year after that.

Can you see the insanity?

But the scariest factor is how quickly the US national debt is growing.

On October 22, 1981, the national debt in the United States crossed the $1 trillion threshold for the first time in history.

People were rightly dismayed.  It had taken nearly two centuries to reach that unfortunate milestone.

And over that time the country had been through a revolution, civil war, two world wars, the Great Depression, the nuclear arms race…, plus dozens of other conflicts, financial panics, and economic crises.

So who owns the $22 trillion of our national debt?

If you are like most people, you probably have the most concerns about the Chinese and other foreign holders of the national debt.  But in reality you should be most worried about the national debt owned by the American people.

national debt 2

It’s a bigger number than all the foreign holders combined.

This may seem unbelievable at first, but let’s take it step-by-step and in a moment it will all make sense. We’ll start with the biggest holders of the national debt:

national debt 1

Federal Agencies:

The second biggest holder are other branches of the US government. You may feel relieved reading this…, after all, it looks like the US government owes a huge portion of its debt to itself and could simply “erase” it if it wanted to.

But it’s important to look closer, because this is the first way of how you own a big portion of the government debt.

The vast majority of this debt is actually held by various government funds such as Social Security and retirement funds.

So…, the entitlements causing our debt own a lot of our debt?  How does that work?

This is getting scary.

The US government has made the promise to take care of its citizens. To achieve this goal they put a portion of the collected tax revenue into various funds.

These funds don’t just keep the money in the bank and instead invest a portion of it into various financial instruments to grow it. One of these financial instruments is the national debt in the form of government bonds.

But the important thing to realize here is that this money belongs to the American citizens and not to the government.

And the government has the obligation to pay back that debt in order to allow the Social Security Trust Fund and other funds to fulfill their obligations to the people.

If they don’t pay it back, then it is you, the American citizen, who is on the hook for that debt.

This seems to be a “circular” nightmare that just cannot end well.

The Financial Industry:

The third biggest holder is the financial industry. These are mutual funds, banks, private pensions, insurance companies, savings bonds and so on.

This is another way of you how are exposed to and own the government debt.  Even if you personally don’t own the debt, you certainly have a bank account, a 401(k) or an IRA.

And these financial institutions own government bonds purchased with your money.

Here again, we are somehow profiting from our own debt…, our own demise?

The Federal Reserve (America’s central bank):

The Federal Reserve is the fourth biggest holder.  It’s the central bank of the United States and also known as “The Fed.”  And although it sounds like a government entity, there is nothing “federal” about the Federal Reserve, it’s a private institution.

This private institution has control over the money supply of the United States.  It establishes interest rates and has the power to conjure up money out of thin air.

This is an extraordinary power. And it has been awarded to an unelected committee of power brokers, many whom come from the investment banks.

I don’t like the sound of this already.

It works like this:

“The Fed” literally creates money out of thin air and buys government debt with it.  The government uses that money to fund government operations, but in return it has to pay interest to The Fed.

Then The Fed pays out a portion of the earned interest and other profits as dividends to its shareholders, who happen to be other private banks such as JPMorgan.

Much of your income taxes are not used for roads, schools or other public services, but are spent on interest paid to The Fed…, on money it created out of nothing.

Huh?

It’s a perverse system designed to transfer wealth from the American people directly to the banking elite. By continuing its unsustainable spending and debt habits, the US government is stealing from the future, your future and your children’s future.

So it is basically what we have come to expect from “the swamp.”

Other holders:

Other debt holders include individuals, bank trusts and estates, businesses and other investors… to the tune of over $1.6 trillion.

Included among these “other holders” of US debt is legendary investor and CEO/chairman of Berkshire Hathaway, Warren Buffett.  Berkshire has over $100 billion parked in short-term Treasury bills.

State and Local Governments:

Large financial institutions, hedge funds and other investors are not alone in their holdings of US government debt.

Your state government has money invested in US government debt. And it’s likely that your local government also holds federal debt.

So, with your state and even local government holding a portion of the US national debt, you’re a creditor exposed in multiple ways to a federal government default.

The Social Security “Trust Fund” owns $2.8 trillion of our debt, roughly the same as the top 5 foreign holders of US debt.

Medicare owns another $294 billion.

Financial institutions own $3.4 trillion.

That’s a total of about $6.5 trillion and about one-sixth of the national debt. This is an even larger amount than all the foreign holders combined and makes YOU AND I the largest holders of US national debt.

Whether you like it or not, your money is exposed to the national debt and you are a holder of the US national debt in one form or another.

Nobody knows exactly when, but at some point, this whole debt bubble is going to burst.

This economic disaster will be a government default on its debt, and based on other government defaults throughout history, the situation won’t be pretty.

So, congratulations, you’re on the hook for this massive, unsustainable debt. You’re left holding the bag. You and your family are the ones who will fight for a chair when the music stops.

Do we realistically have a chance at ever paying off our national debt?

The unfortunate and short answer is…, No.

In fact, it’s MATHEMATICALLY impossible for the US to pay off its national debt.

In other words, the government could COMPLETELY CUT FUNDING for these 14 departments:

Department of State

Department of the Treasury

Department of Justice

Department of the Interior

Department of Agriculture

Department of Commerce

Department of Labor

Department of Health and Human Services

Department of Housing and Urban Development

Department of Transportation

Department of Energy

Department of Education

Department of Veterans Affairs

Department of Homeland Security

… And the government’s annual budget would still be in the red.

It’s all about the entitlement programs (programs where we get money back from our government), which account for about 60% of our annual budget.

Entitlement programs are used by politicians to “buy” votes by convincing us how compassionate they are as they dole out our own money (and our own future debt) back to us, as if they were digging into their own wallet or purse.

And now we have liberal politicians promoting the “Green New Deal,” which would make our current debt look like pocket change!

I really don’t want to scare you…, but you should be scared.

You should be very scared.

You should be scared enough to make sure you vote next time for a congressional representative, a senator or a president who is courageous enough to do what is right for our country as opposed to selling us all down the river for their own political gain.

 

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Crisis?  What crisis?

The democrats are always crying that “this” is a crisis and “that” is a crisis.  But when they are asked to acknowledge and deal with a real crisis they choose to take the political low road, stick their heads in the sand, and not only pretend like there is no crisis, but denounce those who call a situation for what it is and attempt to do something about it.

Even though the democrats chose to ignore her last report and actually walk out of her presentation, The Department of Homeland Security Secretary, Kirstjen Nielsen, was back again and issued a dire assessment of the migration crisis on the southern border, telling a House committee that illegal immigration is “spiraling out of control” and predicting that crisis will “get even worse” in the coming months.

According to Adam Shaw of Fox News, “The U.S. Customs and Border Protection Agency (CBP) is warning that the Border Patrol is at its ‘breaking point’ as apprehensions skyrocket.  Children and families now make up more than half of those in custody on the southern border, according to Customs and Border Patrol.”

“Secretary Nielsen also said in a startling revelation that, ‘Customs and Border Protection is on track to apprehend almost 1 million illegal immigrants at the border this year.’”

‘“In February, we saw a 30 percent jump over the previous month, with agents apprehending or encountering nearly 75,000 aliens,’ Nielsen told the House Committee on Homeland Security. ‘This is an 80 percent increase over the same time last year. And I can report today that CBP is forecasting the problem will get even worse this spring as the weather warms up.’”

‘“We want to strengthen legal immigration and welcome more individuals through a merit-based system that enhances our economic vitality and the vibrancy of our diverse nation. We also will continue to uphold our humanitarian ideals,’ she said. ‘But illegal immigration is simply spiraling out of control and threatening public safety and national security.’”

Shaw adds that, “Nielsen’s testimony came a day after the Trump administration released figures showing that more than 2,000 migrants are apprehended each day, a total of 268,000 since the beginning of the fiscal year. DHS reports that the Border Patrol is apprehending illegal immigrants at the highest rate since 2007.”

And remember…, we’re only talking about those we caught.  How many illegal immigrants are coming across that we don’t even know about?

Two times as many?

Three times as many?

Five times as many?

Ten times as many?

Think about it.

How many people who are driving drunk actually get caught?

How many people who speed actually get ticketed?

See what I mean?

‘“We face a crisis, a real, serious, and sustained crisis at our borders. We have tens of thousands of illegal aliens arriving at our doorstep every month. We have drugs, criminals, and violence spilling into our country every week,’ she said.”

“Nielsen predicted disaster if migrant flows escalate: ‘Our capacity is already severely strained, but these increases will overwhelm the system entirely.’”

‘“This is not a ‘manufactured’ crisis. This is truly an emergency,’ she said.”

The Border Patrol has reported a 300 percent spike in illegal crossings at the border, but the media is opting to turn a blind eye, since it just doesn’t represent the narrative they want to present…, that there is no emergency at the southern border, in the attempt to discredit President Trump and his determination that there is a national crisis on our southern border.

“Trump’s declaration would give him access to about $3.6 billion for projects on the border, but the move has seen fierce opposition from Democrats and some Republicans, several of whom are expected to support a congressional rebuke of the emergency declaration, which could, in turn, prompt Trump’s first-ever veto. The House has already passed the measure.”

“Meanwhile, in prepared testimony to the Senate Judiciary Committee, CBP Commissioner Kevin McAleenan said in testimony that the initial investments in Trump’s wall project were being put ‘to good use’ and barriers in key areas have ‘made an immediate impact’ in stopping illegal immigration in hot spots.”

But Nielsen’s comments seemed likely to be brushed off by Democrats…, again.  Before Secretary Nielsen even spoke, Committee Chairman Bennie Thompson, a democrat from Mississippi, criticized Trump’s “non-existent emergency” at the border, as he parroted the standard democrat talking points while choosing to ignore reality.

Our democrat/socialist friends always like to point to Denmark, Finland, and Sweden as examples of how “good socialistic” countries handle these types of issues.  So let’s take a look at how these countries are dealing with the problem of illegal immigration.

Let’s start with Denmark.

Christopher Brito of CBS News reports that, “The Danish government has come up with a plan to send dozens of rejected migrants to a remote island that currently houses a research center conducting tests on diseased animals.”

Hmmm.  Well that sounds interesting. I’m skeptical as to whether anybody in the U.S. Congress would support these actions, however.

“Denmark’s government reached an agreement under its new finance bill for 2019 to decontaminate Lindholm Island, located around two miles from the nearest shore, and then use it hold as many as 100 people by 2021, according to a government website. Among the migrants who could be sent to the island are criminals, rejected asylum seekers and others who can’t return to their home country ‘due to the risk of ill-treatment.’”

“100 people by 2021!?”  The U.S. probably deals with 100 illegal immigrants on an hourly basis.

‘“If you are unwanted in Danish society, you should not be a nuisance to ordinary Danes,’ Denmark’s immigration minister Inger Støjberg wrote on Facebook. ‘“They are undesirable in Denmark, and they must feel it.’”

“It’s not the first time Denmark has taken controversial actions aimed toward migrants amid a wave of populism throughout Europe. In August, the nation banned garments covering the face, including traditional Islamic veils such as the niqab or burqa.”

Obviously we can’t model our handling of illegal immigrants on Denmark’s system.

How about Finland?

According to Virginia Hale of Breitbart News, “Police forces across Finland are carrying out a search for illegal immigrants in a six-day crackdown on aliens living in the country without permission, local media reported.”

“In the period between March 12 and 18, officers will be carrying out identity checks in public places such as restaurants and shopping centers where they suspect illegal immigrants are at large based on intelligence held by police forces in advance.”

Ha!  I know this definitely would fly in the good ole’ USA!

And the democrats are complaining about our own ICE agents in the United States.

“In practice, this means that when a person who is being checked turns out to be foreign, officers will check their immigration status and relevant papers,” said Finnish police chief Mia Poutanen.”

Around 3,000 illegal immigrants are caught each year in Finland as a result of targeted initiatives lasting several days like the one taking place this week.”

Wow…, 3,000?!  That many?  In a year?

In the U.S. we are dealing with that many illegal immigrants per day on a slow day!

Ok…, how about Sweden?  Surely Sweden can show us the way.

According to Johan Ahlander and Mansoor Yosufzai for “Reuters,” “Sweden has intensified its crackdown on illegal immigrants after a failed asylum-seeker killed five people in Stockholm, but the move has raised concerns that more migrants will be driven underground to join a shadowy underclass.”

“In the past months, police have staged wider sweeps on workplaces to check papers, netting undocumented workers, sending a warning to employers and sparking heated debate in a nation that has been traditionally tolerant to migrants.”

“Tough measures against immigrants go against the grain for many in Sweden, a country of 10 million (about the population of North Carolina) which once called itself “a humanitarian superpower” that generously welcomed migrants fleeing conflict in the Middle East and Africa.”

“But attitudes appear to be changing and a 2017 study by Gothenburg University showed 52 percent favored taking fewer refugees into the country with 24 percent opposed. Two years ago 40 percent backed reducing refugee numbers with 37 opposed.”

“The Social Democrats, the Sweden’s biggest party in every election since 1917 and leader of the governing coalition, has been forced to balance its traditional left-wing credentials with the need to enforce immigration laws.”

“The government never discloses how many are held in detention centers, saying there are about 360 beds and deportees are normally repatriated within three weeks. The government has told the migration agency to add another 100 beds.”

Ohhh the pain!  360 beds!  Oh my God.

Please note that the United States operates with over 40,000 detention center beds, and President Trump has asked for those levels to be increased to 52,000 beds!

“In 2016, police made about 1,100 unannounced workplace checks, almost three times more than in 2015, and caught 232 illegal immigrants.”

I believe we caught about that many illegal immigrants in one hour last year when we raided one company!

So not even Sweden provides us with a good immigration option.

The truth is, compared to any time in our past and compared to any other country in the world, the situation on our southern border with Mexico IS A NATIONAL EMERGENCY regarding illegal immigration, illegal drug trafficking, and human trafficking.  Anyone who tries to tell you otherwise is just a disingenuous liar, plain and simple.

 

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Illegal-Immigrant-Superior-Rights-In-USA

 

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