That's nine trillion dollars. A 9 followed by 12 zeroes before the decimal point. Is that what America is worth? Is that what America has in the bank? Is that the amount of money Americans have to fall back on?
No, none of the above.
That's what the federal government will shortly owe to the money handlers around the world. Congress just passed a bill authorizing the national debt limit to reach that mind-boggling sum, and at the present rate of federal spending, we'll reach it in short order.
That's around $30,000.00 per American citizen. Every man, woman and child in America, excluding illegals. When an American citizen brings a new baby into this world, the federal government immediately presents it with a thirty-thousand dollar bill, a bill not created by the child -- or you -- but by bureaucrats in Washington.
Don't be taken in by the fairy tale that we owe it to ourselves. We owe it to foreign governments and banks everywhere, because that's where we have borrowed it, and they will want their money back some soon-approaching day.
Let's give those 12 or 14 or 16 million non-taxpaying illegals hiding here American citizenship. Let them fully share in the America they have broken so many laws to reach, Let them share with us the debt burden that this out-of-control federal government has created.
That, or just get rid of this federal entity that has so horribly mismanaged our interests for decades, and revert to the "sovereign state" status that each state really is, That would let this nine trillion dollar debt just vanish into thin air, sort of like your credit card debt when you file for bankruptcy.
Fair? No, but what are our options? Realistically, we will never pay this debt off, so we either write it off, or ultimately default everything we now own to the ownership of foreign banks and nations.
This Dubai port deal is just the tip of the iceberg, and only the beginning.
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