The spiraling US government debt is apparently much higher than the official figure of $22 trillion. The indebtedness of the American financial system has now reached $72 trillion, according to the numbers compiled by the US Fed.
The higher debt estimate includes corporate borrowings, consumer loans along with debts being added by state and local governments.
Over the past 40 years, the US Treasury has been borrowing at a rocketing rate with the state debt soaring from less than five trillion dollars during Ronald Reagan’s presidency, to $29 trillion when George W. Bush took the helm. The figure nearly doubled prior to the last financial crisis, having reached $54 trillion. Since then, the sovereign debt of the world’s biggest economy has increased by another $18 trillion.
Smh... That ain't my debt. I don't owe Uncle Sam a damn dime. They never consulted me on the subject. I never approved it. My signature ain't on one single document that wasn't coerced there. Guess those thieves in Washington better be digging deep in them pockets. Otherwise their extortion racket is gonna implode.
Doesn't even matter if I did opt'd into this mess. I didn't sign my kids up. What kind of contract automatically includes your kids and your kid's kids in the deal?
It wasn't a contract anyway. A contract has four elements:
Absolutely right!
Posted using Partiko Android
In fact a lot of that debt is not owed by Americans. Theft by fraud is not payable, and a lot of that debt is nothing more than fraud.
The future is going to be very exciting.
Translation into Serbian with a comment and comparison to the Serbian debt:
https://steemit.com/news/@lighteye/prenosimo-rusija-danas-svaki-mushkarac-zhena-i-dete-duguju-ujka-semu-220-000-dolara
Thank you, @rt-international.