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National Debt

Now we all know about the National Debt, and how the 800 Billion dollar bailout added to the debt our children will be straddled with!   But what about all the other money that the FED lent out?  Click on the image below and watch the Bloomberg interview.

bloomberg

National Debt

This is the current National Debt (see below).  It appears the National Debt goes up 100 Billion a month... over a Trillion dollars a year!  Click on the image to see todays debt.


national debt
National Debt Ceiling


Note: a stack of 100 dollar bills, that equals 1 trillion dollars, will reach 62 miles high!  Or, if you paid back a loan at 1 dollar a second it would take 31.7 years to pay back 1 billion dollars... or 31,700 years to pay back 1 trillion dollars.

Most recent graph
debt ceiling
The government (and the big banks) are really screwing this country!  We are quickly becoming a 3rd World Nation.

And to put this all in a better perspective , here is Glen Beck [1:46]:

tot national debt

Several years ago David Walker, the Comptroller of the United States (GAO Office) was so frustrated with the Washington politicians he decided to take his message directly to the people:

david walker iousa

I.O.U.S.A.-30 Minute Version (10/01/08) [32:35]


iousa

I.O.U.S.A. -- One Nation. Under Debt. In Stress (02/15/11) [1:21:30]

The National Debt is way out of control, but what is more worrisome is the Derivatives Bubble. The economist don't use Trillions of dollars anymore, but Quadrillion... 1.4 quadrillion to be exact.  But who's counting!

darivatives

IOUSA Solutions: Part 1 of 5

I just found this on the web. It looks like a follow-up to David Walker's (Comproller of the US, GAO) campaign to educate us to the looming National Debt. Lots of information... it is well worth the 50 minutes.

iousa-solutionsIOUSA Solutions: Part 1 of 5 [8:18], Part 2 [8:34], Part 3 [8:28], Part 4 [10:50], Part 5 [7:17]

Now that more Americans and elected officials are aware of our fiscal challenges, it’s time to create solutions. I.O.U.S.A. Solutions, a follow-up special to I.O.U.S.A., is a five-part series that focuses on how we can solve our fiscal problems.



But the Banks are still doing the same stuff they have always been doing:

dylan-ratigan-goldman-sachs
Dylan Ratigan MSNBC SEC files civil lawsuit against Goldman Sachs - Part 1 [7:00] , Part 2 [8:52]

10.25.2011. 15:08

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I am one of those "once" middle class, over 60, over educated, under-employed, semi retired, soon to be poor workers, that everyone is talking about. 
But I have a modest standard of living so I plan to give all extra donation, beyond my immediate needs, to several of my favorite charities.

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