The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

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The Mystery Of The Shemitah

Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good

Barack Obama has destroyed the future of America in order to improve his chances of winning the next election.  Under Obama, 5.3 trillion dollars has been ruthlessly stolen from our children and our grandchildren.  That money has been used to pump up the debt-fueled false prosperity that we have been experiencing.  When the U.S. government borrows money that it does not have from someone else (such as China) and spends that money into the economy it is going to make our economic numbers look better.  Even if the government spends that money on incredibly stupid things, it still gets into the hands of average Americans who in turn spend that money on food, gas, clothes, etc.  If we were to go back and take that extra 5.3 trillion dollars out of the U.S. economy, I guarantee you that we would be in a rip-roaring depression right now.  We would look a lot like Greece at this point.  For several years Greece has been raising taxes and cutting government spending in an attempt to balance the budget and these austerity measures have resulted in an unemployment rate of over 23 percent and an economy that has contracted by close to 25 percent.  Most Americans don't want to go through pain like that so they are okay with continuing to financially rape our children and our grandchildren.  Just imagine how you would feel if your parents died tomorrow and you found out that they had left you with a million dollar debt that you were legally obligated to pay off.  How would you feel, knowing that you had just been sold into debt slavery for the rest of your life?  Well, that is how our children and our grandchildren are going to feel.  We are destroying the greatest economic machine the world has ever seen, we are accumulating the biggest mountain of debt in the history of the planet, and the coming economic collapse that we have caused is going to wipe out the promising future that our children and our grandchildren were supposed to have.  If they get the chance, future generations of Americans will curse us bitterly and will spit on our graves.  What we are doing to our children and our grandchildren is the kind of stuff that horror movies are made of.  You should be ashamed of yourself America.

The federal budget deficit for 2012 will be larger than the entire U.S. national debt was 30 years ago.  In 1982 Ronald Reagan was in the White House and the U.S. national debt was considered to be a tremendous national crisis.  But somehow we have allowed our national debt to grow from about a trillion dollars back then to approximately $16,000,000,000,000 today.

By the end of Obama's first term, the U.S. national debt will have grown more than it did from the time that George Washington became president to the time that George W. Bush became president.

That is hard to believe.

Obama is going to outdo all the presidents from George Washington through Bill Clinton in just one term.

Amazing.

At this point, the U.S. national debt is more than 22 times larger than it was when Jimmy Carter became president.

This has allowed us to enjoy a standard of living far beyond what we deserved to.  We have stolen from the future to make the present more pleasant.

But hardly anybody wants the party to end.  Especially not our Congress critters - they are living like kings and queens at our expense.  Our "representatives" in Washington D.C. love to give speeches about being "financially responsible", but most of them never take any serious action about the debt because the way things are working now has been incredibly good to them.

And the truth is that both political parties have been responsible.  In 2010, Republicans took control of the House of Representatives with a clear mandate to get government spending under control.  Not a single penny of government money can be spent without their permission.  But since they took control, the U.S. national debt has increased by another 1.8 trillion dollars.

At this point, this current Congress (controlled by both Republicans and Democrats) has added more to the national debt than the first 97 Congresses combined.

We expect this kind of nonsense from the Democrats, but the Republicans are supposed to know better.

Of course our entire financial system is designed to permanently entrap our federal government in an endless spiral of debt, but neither political party ever talks about that.

Sadly, the U.S. national debt is now more than 5000 times larger than it was when the Federal Reserve was first created.

But we never hear about the link between the Federal Reserve and our national debt from either political party or on the mainstream news.

So most Americans do not even realize that our system is designed to create government debt.

It is absolutely disgusting.

We say that we care about our kids, and yet we are passing down a $16,000,000,000,000 debt to them.

Talk about child abuse.

Most people have a really hard time grasping how much money 16 trillion dollars actually is.

If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.

And it would take you more than half a million years to spend 16 trillion dollars.

This is a debt that is impossible to pay back.  Just look at how it has exploded over the past 40 years....

In a previous article I discussed the distressing rate at which our debt is growing....

It took more than 200 years for the U.S. national debt to reach 1 trillion dollars.  In 1986, the U.S. national debt reached 2 trillion dollars.  In 1992, the U.S. national debt reached 4 trillion dollars.  In 2005, the U.S. national debt doubled again and reached 8 trillion dollars.  Now the U.S. national debt is about to cross the 16 trillion dollar mark.  How long can this kind of exponential growth go on?

If we can't even slow down the growth of our debt, how do we ever expect to repay a single penny?

The sad truth is that we aren't ever going to start paying down our debt.  We have gotten to the point where if we take our foot off the debt accelerator we plunge directly into a depression and the entire system collapses.  It is like a really sick version of the movie "Speed".

Where is Keanu Reeves when you need him?

Since Barack Obama entered the White House, he has approved a whole host of measures that have been good for the economy in the short-term.  TARP, the stimulus packages, the auto industry bailout and the payroll tax cut are just a few examples.

Barack Obama has wanted to do everything he possibly can to stimulate the economy in the short-term so that he can win again in 2012.

But what about the future?

Barack Obama could not care less about the future.  He is just like so many of our other politicians.  He is blinded by selfish ambition.

Since Barack Obama became president, the U.S. national debt has increased by an average of more than $64,000 per taxpayer.

Are you willing to write a check for your share?

No?

Oh, let's just pass this horrific debt on to our children, right?

The path that we are on as a nation cannot go on too much longer.  The truth is that we are headed for financial oblivion.

A recently revised IMF policy paper entitled “An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?” projects that U.S. government debt will rise to about 400 percent of GDP by the year 2050.

Of course we will never get to the point.  Our financial system will collapse long before then.

Sadly, the United States already has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain does.

So why are we not like Greece or Spain yet?

Well, it is because we are still able to borrow huge piles of money very, very cheaply.

But at some point that will come to an end, and when it does the consequences are going to be nightmarish.

Historically, the interest rate on 10 year U.S. Treasuries has averaged 6.68 percent.  If the average rate of interest on U.S. debt rose to that level today, we would be paying more than a trillion dollars a year just in interest on the national debt.

And when you consider our future unfunded liabilities things get even more frightening.

According to Boston University economist Laurence Kotlikoff, the "fiscal gap" is "the present value difference between projected future spending and revenue".  His calculations have led him to the conclusion that the United States is facing a fiscal gap of 222 trillion dollars.

And this gap is rising at a breathtaking pace.

The following is an excerpt from a recent article co-authored by Kotlikoff....

In 2007, the first year the CBO produced the Alternative Fiscal Scenario, the gap, by our reckoning, stood at $175 trillion. By 2009, when the CBO began reporting the AFS annually, the gap was $184 trillion. In 2010, it was $202 trillion, followed by $211 trillion in 2011 and $222 trillion in 2012.

But if we interrupt this debt cycle we immediately go into a depression.

We are a debt addict that will die without more debt.

Meanwhile, our national ability to produce wealth is going down the toilet.

All over the country businesses are shutting down, factories are being closed and millions of jobs are being sent overseas.

As I wrote about the other day, American families are steadily getting poorer.  The middle class is shrinking and the tax base is shriveling up.

Many Americans end up flat broke at the end of their lives these days.  In fact, one study found that nearly half of all retirees end up with $10,000 or less when they die.

So where is all of the money for servicing this gigantic national debt going to come from?

Even if Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.

So what is the solution?

If we keep spending money like this we are doomed, but if we stop spending money like this we are doomed.

And debt is not just a problem that the federal government is facing.

Posted below is a chart that shows the growth of all forms of debt in the United States over the past several decades.  40 years ago, there was less than 2 trillion dollars of total debt owed in the United States.  Now there is nearly 55 trillion dollars of debt owed.  This generation has destroyed the future and has set the stage for an unprecedented economic collapse.  Shame on you America....

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  • Washington

    Did RNC “Scripted” Rules Change Start A Civil War In The Republican Party?

    http://www.youtube.com/watch?v=pKaXqoC4DjE&feature=plcp

  • Washington

    U.S. Government: 94% Of U.S. Gulf Oil Production Remains Offline Published September 01, 2012 Dow Jones Newswires

    http://www.foxbusiness.com/news/2012/09/01/us-government-4-us-gulf-oil-production-remains-offline/

  • DG

    The fact that JFK wanted to audit the Fed. Reserve; as his 1st exec. order in office; was one factor in his loss of life. The SS Trust was never to be touched when established. Every negative effect on the trust has happened during a democratic presidency. A prime reason for a large portion of the federal debt. Most democrats have been bought and paid for by the bankers and their cohorts. There are a few republicans left; who have not bowed to them. The massive debts cannot all be blamed on the Bushes as has been claimed; however, Obama has been on a massive spending spree and has appointed to key admin positions the very culprits who have caused the problems in the first place. In addition he has retained the current head of the Fed. Res; who has done absolutely nothing to improve the economy; for he is also a member of the bankers societies. There are members of congress in these elite groups; which violates current law; however, they continue to maintain memberships and continue to create laws that effect Americans they were sent to represent. How corrupt.

    • http://www.facebook.com/max.milone.3 Max Milone

      FDR, a DEMOCRAT, recovered the entire economy out of the Great Depression and decreased unemployment from 25% to under 2%. And Bush, a REPUBLICAN, sent us into this recession, and Obama, who is attempting to fix the economy, has laws trying to help the economy being voted against by idiotic republicans.

  • http://itsafluffy.blogspot.com DL.

    Okay, so Obama steals 5.3 trillion…when Romney steals 10.6 tril, let me know (I sais WHEN, not IF!). Heck, he’s already stolen delegates from Ron Paul…whose gonna stop him from stealing 10.6 trillion? answer: nobody.

    • http://itsafluffy.blogspot.com DL.

      *said

  • Dr_Snooz

    There are lots of good reasons to despise Obama, but the reason cited in this post is not one of them. An understanding of basic Keynesian economics would help this post greatly.

  • paul

    Does “green” cost money?

    Yes, but only if you pay wages and salaries for green jobs.

  • paul

    Do Americans really believe that one person can stop a runaway train? The current economy isn’t a stagecoach with just 4 horses at the front.

    And how much can a non-suicidal black president in the USA do against vetoing republicans?

    At least he didn’t start a war against Iran yet. Maybe he just agreed to sell guns to Syrian rebels.

    • http://www.facebook.com/max.milone.3 Max Milone

      I concur. On one of his first days in office, the Republicans agreed to all say no to the law no matter what.

  • Bill Lee

    To funnel to the rich filth, you stupid slave.

  • Glenn

    In this article there’s no mention that the debt is fueled by Republican policies: the two wars that weren’t paid for, the massive Medicare Part D, and the Bush tax cuts. Combined those policies make up about 90% of the deficit. Let’s also not forget that when it was time to make a long-term deal to reduce the debt and deficit, it was Republicans who blew up the deal because there were 10% revenue increases and they won’t increase taxes under any circumstances.

    Obama hasn’t gone on a spending binge. In fact, he has been more frugal than every Republican president since Hoover. Part of it is obstruction from Republicans and part of it is a lack of political will demonstrated by the failure to provide a narrative to the American people about why spending is necessary.

    In short, if anyone thinks the Republicans will pay down the debt and be fiscally responsible, you ought to look into the Two Santa Clauses theory by Jude Wanniski.

  • Evie

    The debt is not waiting for our children, they are taking it from everyone now, it is called inflation they just deny it exists, much the same way the unemployment rate of 35% is denied. Denial may not make things go away but sure goes a long way when people have been programed to have a positive attitude. Um people you have been duped again.

  • Disgusted

    My ex is a child molester & a shop lifter from his employer. After his court hearings his legal filings against him were sealed from the public. He holds a city position & a federal government position (who by the way is a Marxist who holds loyalty to Germany not America, with secret clearance in the American Government & he keeps his jobs while a man who placed a cardboard dime cut out in a machine when he was 18 years old loses his job? Am I missing something? Oh never mind, I forgot this is how America’s system works. I knew it because I was raised by the “shadow” government & people ushering in this Utopia are gonna have a huge surprise. The man behind the curtain is not what he is promising. You can look forward to drugging, assults, electricution, rapes by those who are supposed to protect you, locked in crazy wards in what they call a quiet area and if you’re really blessed you can watch your friends die like we did at the hands of the so called “doctors”. I spent my life running from the very enviroment Americans are trying to form. Have people lost their minds? Do you know they will torchure you over your faith in God? Make sure you don’t use the word Jesus because that scores huge points of torchure. Don’t worry the whole time they will ask you repeatedly where your God is now.

    In Urbandale, Iowa the kids are taught loyalty to government & divide & conquer their OWN families & everyone thinks this is what’s best for our country? I have learned this AFTER my family was demolished my oldest comes to me and announces she is a communist and her loyalty is not to family but to Obama…. Welcome to America, home of the really dumb and ignortant who will sell out anyone and everyone for something supposedly free when in fact it is actually theft from one to give to another.

    Obama is handing out some nifty distruction instruction manuels to learn from. My child who by the way is going to college to be a school teacher so she can teach your children loyaty to givernment and not family. My God what a proud parent I am, so sick to my stomach and not one person who even really gets what I am saying, so just gonna post this out there into a belivion and at least it’s off my chest and now I will simply go cry because no one gets what’s going on because they have not seen the men behond the curtain. People think the Iowa Governor is a Republican too… hahahahaha…. nope! The new boss is the same as the old boss which is why he is back in office. God have mercy on this country because this is gonna be really really bad.

    We must not forget that if Iowans CHOOSE Ron Paul for President that your GOVERNMENT will choose FOR YOU the 2nd or 3rd best. Holy cow! Just lay down and play dead people.

    I hope this does NOT get posted on the forum and just is understood to be a ranting to the annoymous face behind this blog. At this point I don’t care. I am too sad to care.

  • cyrus

    Don’t forget about the food problem. How much the world eats vs how much it can produce. Or about how we tanked our space program so China and Russia can do it all.

    All we know is this. Anyone but Obama, why? He says ‘transparency’ But at every corner has proved otherwise, throwing the obamacare plan under the noses of people and giving them 20 hrs to read it and sign it. Trying to pass SOPA and other things to sensor the internet during the NFL. Slight of hand, and shady business. How does that show you can trust someone? Not to mention how poorly set up these things actually are. Giving control to the Media?! That’s insane.

    It’s the big businesses and the Banks that have helped fuel this mess of an economy we are in.

    All you can do is get out there in vote, if you don’t like how things are, it’s quite simple really. Vote for someone who isn’t currently in office. Senators, Governors, Congress, President, Everyone. Once they prove they are not about fair, and our country. Then we should vote them out.

    The world won’t end over this, we just won’t be buying all that fancy stuff that we can’t afford. Dvds/games/new systems, a brand new computer or ipad every year, new cars we cant’ afford, or houses.

    It’s a domino affect. It started with everyone, and it’s going to end with everyone. No one put a safeguard in place to prevent people from abusing anything, and now we are all going to pay for it. So give your ideas to your senators, and get out there and vote.

  • Rhynn

    Michael, don’t fall back into this. Partisan finger pointing plays right into the public weakness that has allowed the situation to get where it is. I’ve seen too much awareness from you that attempting to slap one man’s name on this situation is an absurdity. And it is.

    There is no way anyone objective is going to look at the nation’s situation four years ago and see a whole lot of choices for whomever took it over – especially in the face of a Congress bound and determined to let the country go under if necessary to defy and block everything that President tried to accomplish. If you want to blame Obama for something, blame him for doing the little that every President does to get elected. Telling the public he will do things he has little or no chance of actually doing.

    If you understand at the outset that this is the way of it, there is no “he lied to us” epiphany.

  • Howard T. Lewis III

    B.O..

  • NateGreene

    Obama – 1.4 Trillion during this term
    Bush – 7.3 Trillion First Term
    Bush – 8.1 Trillion Second Term
    Clinton-3.1 Trillion First Term
    Clinton-3.9 Trillion Second Term
    Bush Sr-5.4 Trillion First Term
    Regan – 8.7 Trillion First Term
    Regan – 4.9 Trillion Second Term

    Which is rather impressive when you facter in that the Bush 2009 Stimulous became re-assigned to Obama. All considered, the republican party has done some serious spending against the National Debt according to CBO data.

  • Washington

    Ronald Reagan said this over 40 years ago—notice a similarity to today? http://www.youtube.com/watch?v=8EvFQLhqWPQ&list=HL1346850731&feature=mh_lolz

  • hope__floats

    The fiscal gap being present value of all obligations, will the gap reduce if interest rates rise and the discounting factor increases accordingly?

  • Washington

    Drones Over America Jun 17, 2012

    http://www.youtube.com/watch?v=krO566t8y-E

    “They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.”
    Benjamin Franklin

    • Hildergarde Hammhocker

      Makes you think that maybe they should not have waged a war for independence with those words, USA Governments from the very first one have neither delivered safety or liberty let alone equality for all who live there.

  • http://yahoo worried

    I am just worried that not enough people know who Jesus is. You are so worried about what these simple men can accomplish and your not realizing that people are dieing and going to hell. Remember our purpose here is to love one another. Treat people the way you would treat our Lord. Every elected official just cares about them selves. The only way to become an elected official is to promise other elected officials that you will vote there way. There’s no morals involved. Most of our elected officials are posesed. Only one thing on there minds. Make there pockets fatter while we sit here and wait for them to tell us to go defend our country while they sit here increaseing debt.

  • http://google jet

    How can government even manage to spend one trillion dollars, let alone six? In trying to help us wrap our minds around it, they tell us it is like million trillion light years away,or like a billlion trips around the earth and so on… If they really have been capable of spending this massive amount of money, then what does that say about the inflation on this planet!… And that’s the most frightening aspect of this whole thing and what they refuse to mention and what is killing all of us slowly and painfully. They say IF such and such doesn’t happen than inflation will kill us. INFLATION HAS ALREADY KILLED MOST OF US–IT’S HERE!!!
    Media tells us WE ARE spending trillions…who are “WE”? It isn’t I? It’s the government. Let them self destruct and then reconstruct into a viable and realistic institution. Instead, the private sector is suffering the effects and being shut down. SHUT THEM DOWN. They say IF WE don’t get this under control we are going to lose our childrens future, we will sink into an economic collapse. Well, let me tell these elite media guys and gals something: We are in economic collapse, the middle class is NOW being destroyed. What planet are they living on? Not one of those guys have missed a latte or a mortgage payment since this all began. Yet we are supposed to sit attentively in front of our tvs and radios, while they pretend to relate to all the financial destruction around us? Not one of them can relate to any of this destruction, not Rush, Hannity, O’Reilly, Blitzer, Edwards, Matthews,
    LET ALONE CONGRESS, SENATE AND OBAMA! OR ROMNEY!!! They are all MULTI MILLIONAIRES and surround themselves with multimillionairs. Please don’t kid yourselves. Good luck everyone and God bless us.

    • Hildergarde Hammhocker

      Um what you have to think of is that the debt level is the difference between spending and what was actually bought IN..a LOT was bought in,just more was spent, about 52% of the entire worlds defence budget is spent by the USA and when u pro rata that against HEALTH it is shameful but MORE shameful when you transpose those two identifiable areas to other countries and compare the difference, only THEN do you get some idea of how shameful the US is becoming.

  • Amber

    This is the dumbest crap ever! This person is more worried about government debt then the debt that kids already in. Most of them already spend more then what they can afford. The try to go to the best school possible that they can NEVER pay back. The have the big expensive weddings that they can not afford. They buy houses and cars that they can not afford. They buy all this crap that they can’t afford and have NO savings because of it. Most of them will have to work until they die because they refuse to spend money on a retirement fund and actually think that ss will still be around.LOL The kids my age are dumb as hell and wait for mommy and daddy or the government to get them out of the mess they are in. Why don’t people teach their kids about a vaule of a dollar so this doesn’t happen. I’m 25 years old and I’m busy thinking about how to get more money into my savings or retirment then thinking about getting the lastest hottest crap that I really don’t freaking need. I have paid my way through a community college by only taking as many classes I could afford at that time (takes long to get through but I owe no money), I have no debt nor took any money from the government what so ever. Stop depending on the damn government for everything and do it yourself! I’m sorry but I was always taught that life will NEVER be easy and you will not get everything you want. People need to stop living in a fantasy world. Parents need to wake up and actually talk to their kids about this. My parents were always busy when I was a kid with work but still had time to teach me about a vaule of a dollar. Stop making excuses!!This person who wrote this article needs to do some homework of WHO actually spent that money. Obama really hasn’t spent much since Congress will NOT let him.

  • Harriot Hammhocker

    The comments are extremely flawed and this is the reason, to say that between Washingmachine and Bird in The Hand was blah and between then and now is blurb does not tell the story, the story is WHAT is PROPORTIONATE! This is relative to wages then and now, costs then and now, other countries then and now AND what would have happened between then and now had debt NOT been incurred. Articles like this are NO good and what is needed is a total transparency so people can make INFORMED, not emotional and therefore, in the main, irrational and stupid decisions. With all the graphs and information put in here there are no proportionate numbers to make the whole thing rational – because it wasn’t MEANT to be rational.

    WAKE UP OR IN TEN YEARS TIME YOUR COUNTRY WILL BE GONE!

  • http://www.facebook.com/max.milone.3 Max Milone

    Well, guess what? George W. Bush destroyed America with a pointless war based off of lies and arrogance. And the cost : $1.4 trillion and thousands of lives.

  • Tukadoodle

    Please see the Spires law firm’s RICO case showing who stole $45T from the U.S. It names about 1,600 folks but have not been published. It’s part of the Libor scandal when the NBSC executive’s children and nanny were killed after posting it to the web. It was around the time of the Sandy school ” shooting” as well. Yes it’s mostly NWO democrats and some republicans but Spires only names U.S democrats as the prime 1,600 they name.

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