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June 2006
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RebukeTheWorld's News Briefing 6/22/06: Wi-Fi Theft - Charlie and Lola Disney Show-Iran Negotiations
6/21/06
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6/18/06
LIFE SECTION: The Hypocrite Test- Are you the superior in your relationship? Written by- Raven Smith
6/17/06
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The National Debt ...Ask what you can do for your country.
6/9/06
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RebukeTheWorld's News Briefing 6/09/06:Interleukin- AIDS potential Cure, Shingles, Lady hits her vet
6/9/06
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RebukeTheWorld's News Briefing 6/08/06:Climate Crisis, Paris, al-Zarqawi is dead, 6/6/06, Immigrants
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Saturday, June 10, 2006
1 Billion: 1,000,000,000 (9 zeros) 1 Billion equals 1,000 millions
1 Trillion: 1,000,000,000,000 (12 zeros) 1 Trillion equals 1,000 billions
rebuketheworld
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The National Debt ...Ask what you can do for your country.
United States National Debt is over 8 Trillion dollars!
Different ways to look at the National Debt Interest
$160 billion/year
$13 billion/ month
$444 million/day
$18 million/hour
$308,000/minute
$5,100/second
What is National Debt? A deficit year is when we borrow to pay the deficit and this repeated borrowing becomes the National Debt.
Fear Factor 101- U.S. Treasury statistics at the end of 2004. Foreigners held 44% of federal debt held by the public
Have you ever tried to conceptualize our National Debt? Yah know, put a mental picture on what 8.3 trillion dollars looks like. We can imagine $13 billion per month. We can visualize $100, $1,000 and even a million dollars, but can you imagine spending a billion dollars in a life time?
Lets do some math-
Fun Example: Lets say that there are 175 million Americans between ages of 18-55. If 175 million paid $1,000 each month for 20 years, how much is that? Answer? 3,500,000,000,000 or 3.5 times 10^12 or 3.5 trillion. Our National debt is 8.3 trillion today. Which means if there was no interest over the next 60 years, and all of us paid $1,000 a month we could pay off the national debt. Now, please add 160 billion/year in interest for those 60 years and adjust the monthly payment.
What are the odds that there is no way in hell that any president can cut enough taxes, cut enough defense funds, cut enough health or human services to save our nation from poverty? Do some math and you can figure it out. The answer is its either going to come from us or a foreign nation or nations will own America one day.
I don't point fingers at the wealthybecause 67% of ALL federal taxes they pay. They give a lot to our system and its the selfish poor and middle class that think little of their huge contribution. The upper class tax dollars do more to help the defense system, social services, roads, jobs than all of the middle and lower classes combined. No-one cares about that because they have the Rolls Royce and the lavish lifestyle, so why respect what their tax dollars do for you. The despise for the wealthy is unsettling to me. I get what 67% of ALL federal tax dollars means. The upper class pay 67% more towards Human Services, 67% more towards funding our Military and Defense, 67% more towards Medicare, 67% more towards Health Cost and 67% more towards Social Security. So, I am personally grateful. Wisdom can see both sides of the coin, however the answer is still directed at a specific value system- what does the humane response for ALL, look like?
Statistics
20% of the upper class taxpayers pay 67% of federal taxes and earn 60% of all income.
MAJOR upper-class- 1 % of taxpayers pay 35%
MID upper class- 5% pay 55%
The bottom class- 50% of these taxpayers pay less than 5% (approx. 4%)
Sliding Scale Payoff
Unfortunately, to address the National Debt the poor and working middle class can only give a small percentage. I have no problem in participating with paying off the debt because part of the national debt came from me, so it's my responsibility. I hope one day I will be wealthy. I want to give to charity, the poor and have a tax dollar that gives back to my government. That probably sounds cheesy but my business will give half of all its profits to charities. I am a die-hard humanitarian at heart. The Major and Mid Upper classes have done so much for America but they're still needed again. It's about putting food on the plates of the poor, verses the apparent extras that the wealthy have and have earned. We all win with this philosophy- Give more, if you're able.
Whether you like it or not, American citizens will have to pay this debt one day. Congress will have to take this to the voters and start the process. I had one idea, we could call it, The John F. Kennedy American Citizen's Act, in honor of one of his famous statement's - "Ask not what your country can do for you, ask what you can do for your country. " My country has done for me and my family. I owe them.
Some Statistics
Jimmy Carter's-deficit $77 billion
Reagan's first deficit- $128 billion
Reagan's second deficit- $208 billion.
George H.W. Bush -Annual deficit of $290 billion per year.
When Reagan took office, the national debt- $994 billion.
When Bush left office- $4.3 trillion.
The national debt took 200 years to reach $1 trillion.
United States has made no significant payment since 1969!
Defense, Social Security, Health, Human Services-These are the four areas that add the most dollars to the National Debt.
You pay $230/month towards the interest on the National Debt.
37 million Americans live in poverty, 12.7 per cent of the population, which is the highest percentage in the developed world.
269 billionaires in America, which is the highest number in the world.
American citizen's share of the national debt equals $26,000
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THE PEOPLE IN THIS COUNTRY WOULD JUST WAKE UP THAT THERE IS NO PROBLEM WITH SS EVERY PRESIDENT SENATOR AND CONGREESSMEN SINCE LBJ HAVE BEEN STEALING THIS MONEY AND PUTTING IT IN THE GENERAL TRASURY TO PAY THE BILLS OF THE COUNTRY THERE HAS BEEN A SURPLUS IN SS EVERY YEAR AND THEY STEAL IT AND THEN THEY WANT TO CHANGE THE SYSTEM SS IS A TRUST ACCOUNT FUNDED BY CONTRIBUTIONS SET UP TO PAY A BENEFIT TO THE PEOPLE AT A CERTAIN AGE THE GENERAL TRASURY IS LIKE A CHECKING ACCOUNT SET UP TO PAY THE BILLS OF THE COUNTRY AND IS FUNDED BY TAXES IF YOU OWNED A COMPANY AND STOLE THE MONEY IN YOUR EMPLOYEES TRUST FUND TO PAY FOR THE COMPANY EXPENSES YOU WOULD GO TO JAIL AND THE GOVERNMENT WOULD BAIL OUT THE FUND SO WHATS THE PROBLEM BAIL OUT SS AND STOP TAKING OUR MONEYAND TO MAKE MATTERS EVEN WORSE WE ARE NOT EVEN GETTING A CREDIT FOR THE AMOUNT THEY TAKE YES IF IT GOES INTO THE GENERAL TREASURY HOW COME IT IS NOT INCLUDED IN THE TAX WE PAY PORTION OF THE W-2 AT THE END OF THE YEAR I GUESS THE POLITICIANS FIGURE IT IS OUR GIFT TO THEM WHAT PORTION OF YOU SS TAX WENT TO THE GENERAL TRASURY LAST YEAR THAT SHOULD BE IN THE FEDERAL TAX WITHHELD AND THIS STEALING HAS BEEN GOING ON FOR YEARS LETS GET THINGS GOING TELL THEM YOU KNOW THE TRUTH AND STOP STEALING OUR MONEY LET GET THEM TO SET THINGS RIGHT CALL THEM WRITE THEM TELL THEM YOU ARE WISE TO THEM THERE IS ONLY ONE PROBLEM WITH SS AND IT IS THEM
7/7/08 8:37 PM