Video of David Walker and National Debt
April 22, 2008 12:24pm CST
On October 20, 2005, the on-budget debt of the United States Government went over $8 trillion. This is an increase of well over $2 trillion since January, 2001. In 2007, it went over $9 trillion. [b]The Gross National Debt $9,377,502,670,132[/b] Procrastination kills. The clock is ticking. The dollar is depreciating. The politicians are lying. The government is going broke. Proof: Watch this video The video is kind of long, but interesting, definitely something to think about... http://www.garynorth.com/public/department79.cfm
• United States
24 Apr 08
I think you are right. I think many people fell if they dont talk about it, or dont think about it, it will not effect them. But we are seeing it. The US will be in a recession. And I think it will be very soon! I heard on the news today that places like Sams club are begining to ration rice foods. You can only buy so much, then they cut you off!
• Dominican Republic
23 Apr 08
All those 0000's - it just makes a mockery of money doesn't it. You think of all those ("3rd world") countries that have a debt and can't even pay the monthly interest installments and then you look at the size of the US's debt. I wish they could just wipe everything out and start all over again but I suppose that would just cause the financial markets to crash. Politicians are good at lying or at least bending the truth! Thanks for sharing this with us.