The Actual National Debt

It’s no secret that our government has taken our tax money and grossly misused and poorly invested it. What’s worse, they then lie to us about how in debt we actually are. We all hear the number $13 trillion. Which for some reason doesn’t scare the crap out of everybody. For most the concept of a trillion isn’t even imaginable. So let me shed some light on it. You could spend $1 million a day for 100 years and have about $700 billion left over. Anybody know what year it was a trillion seconds ago?? 1940? Nope, how about 30,000 B.C? Yes, one trillion is huge. Now think of 13 of those?? Scared? It gets better!!!
13 trillion isn’t anywhere close. The real number as of last week was just over 76 trillion, a number only financial professionals and government officials are aware of. So how can they tell us $13 trillion? Because the U.S government decided they don’t have to report debt they way every other business entity has to on the face of the earth.
Without getting too complicated here’s how it works. If you, Joe plumber takes out $50,000 on a 5 year term in the form of a business loan from Wells Fargo to start your shop, how much are you in debt? $50,000 right? Right, but the U.S government decided to take a creative approach to showing debt. Since Joe the plumber has a 5 year term on that loan, really this year he is only in debt $10,000. Are you following me? Joe the plumber took the 50K, divided it by 5 and went by annual debt. Over the year he has paid off $5,000, but now the next years debt kicks in so he’s in debt $15,000. He’s still on the hook for the 5k left over from last year, and now is on the hook for the 10K from this year.
This allows it to look like Joe doesn’t have too much debt, which makes it easier to take out more loans later, 15k in debt looks so much better than 45k right? So sure we’ll give Joe the plumber another 10k if he asks for it!
This is how the government works their debt to keep the American people in a state of ignorance. The 13 trillion they talk about is a far cry from the 76 trillion we actually owe, And does not take into account the interest owed on that money we’ve borrowed from China.
Scared now? Yea me too.