Monday 18 April 2011

America’s Debt Ceiling – A Look Inside the Numbers

 

By Ray Becker

There has been a lot of discussion lately about the debt ceiling. I think it is about time that we take a practical look at the numbers so that we can educate others about the real crises that faces this Nation and each and every one of us. It is so crucial that we dismiss what we’re being fed by the Mainstream media and arrive at our own factual conclusions. This is not to say that everything the Mainstream Media spews is bogus, on the contrary, there are nuggets of truth from time to time. You just need to teach yourself how to spot them.

It is important that I make this disclaimer before we get into the real numbers: I believe that all of this Nations woes begins and ends with it’s economy. With that said, let’s start breaking down some numbers so that we can see what is really going on. I’m going to refer to the site usdebtclock.org for basic numbers. The total US population is 311,153,500. For the purposes of this article, I’m going to breakdown the numbers based on each man, woman and child. I will also show numbers based on each taxpayer so that we have a contrast to look at.

Now I’m no expert at economics and I do not have a piece of paper on the wall, but you must understand, the Constitution and Bill of Rights were written in such a way that an ordinary citizen can read and understand the basic laws that are supposed to govern our Nation. It is in this spirit that I encourage all ordinary citizens to eschew the notion that a college degree is necessary in order to understand what is being done to us. In fact, we pay for most of everything that is spent in this country, so, if we’re paying the freight then we should be able to understand the economy.

[more...]

http://philosophers-stone.co.uk/wordpress/2011/04/america%e2%80%99s-debt-ceiling-%e2%80%93-a-look-inside-the-numbers/

No comments:

Post a Comment

Note: only a member of this blog may post a comment.