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The U.S. Government Is Borrowing About 8 Trillion Dollars A Year

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National Debt - Public DomainI know that headline sounds completely outrageous.  But it is actually true.  The U.S. government is borrowing about 8 trillion dollars a year, and you are about to see the hard numbers that prove this.  When discussing the national debt, most people tend to only focus on the amount that it increases each 12 months.  And as I wrote about recently, the U.S. national debt has increased by more than a trillion dollars in fiscal year 2014.  But that does not count the huge amounts of U.S. Treasury securities that the federal government must redeem each year.  When these debt instruments hit their maturity date, the U.S. government must pay them off.  This is done by borrowing more money to pay off the previous debts.  In fiscal year 2013, redemptions of U.S. Treasury securities totaled $7,546,726,000,000 and new debt totaling $8,323,949,000,000 was issued.  The final numbers for fiscal year 2014 are likely to be significantly higher than that.

So why does so much government debt come due each year?

Well, in recent years government officials figured out that they could save a lot of money on interest payments by borrowing over shorter time frames.  For example, it costs the government far more to borrow money for 10 years than it does for 1 year.  So a strategy was hatched to borrow money for very short periods of time and to keep “rolling it over” again and again and again.

This strategy has indeed saved the federal government hundreds of billions of dollars in interest payments, but it has also created a situation where the federal government must borrow about 8 trillion dollars a year just to keep up with the game.

So what happens when the rest of the world decides that it does not want to loan us 8 trillion dollars a year at ultra-low interest rates?

Well, the game will be over and we will be in a massive amount of trouble.

I am about to share with you some numbers that were originally reported by CNS News.  As you can see, far more debt is being redeemed and issued today than back during the middle part of the last decade…

2013

Redeemed: $7,546,726,000,000

Issued: $8,323,949,000,000

Increase: $777,223,000,000

2012

Redeemed: $6,804,956,000,000

Issued: $7,924,651,000,000

Increase: $1,119,695,000,000

2011

Redeemed: $7,026,617,000,000

Issued: $8,078,266,000,000

Increase: $1,051,649,000,000

2010

Redeemed: $7,206,965,000,000

Issued: $8,649,171,000,000

Increase: $1,442,206,000,000

2009

Redeemed: $7,306,512,000,000

Issued: $9,027,399,000,000

Increase: $1,720,887,000,000

2008

Redeemed: $4,898,607,000,000

Issued: $5,580,644,000,000

Increase: $682,037,000,000

2007

Redeemed: $4,402,395,000,000

Issued: $4,532,698,000,000

Increase: $130,303,000,000

2006

Redeemed: $4,297,869,000,000

Issued: $4,459,341,000,000

Increase: $161,472,000,000

The only way that this game can continue is if the U.S. government can continue to borrow gigantic piles of money at ridiculously low interest rates.

And our current standard of living greatly depends on the continuation of this game.

If something comes along and rattles this Ponzi scheme, life in America could change radically almost overnight.

In the United States today, we have a heavily socialized system that hands out checks to nearly half the population.  In fact, 49 percent of all Americans live in a home that gets direct monetary benefits from the federal government each month according to the U.S. Census Bureau.  And it is hard to believe, but Americans received more than 2 trillion dollars in benefits from the federal government last year alone.  At this point, the primary function of the federal government is taking money from some people and giving it to others.  In fact, more than 70 percent of all federal spending goes to “dependence-creating programs”, and the government runs approximately 80 different “means-tested welfare programs” right now.  But the big problem is that the government is giving out far more money than it is taking in, so it has to borrow the difference.  As long as we can continue to borrow at super low interest rates, the status quo can continue.

But a Ponzi scheme like this can only last for so long.

It has been said that when the checks stop coming in, chaos will begin in the streets of America.

The looting that took place when a technical glitch caused the EBT system to go down for a short time in some areas last year and the rioting in the streets of Ferguson, Missouri this year were both small previews of what we will see in the future.

And there is no way that we will be able to “grow” our way out of this problem.

As the Baby Boomers continue to retire, the amount of money that the federal government is handing out each year is projected to absolutely skyrocket.  Just consider the following numbers…

Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, more than 70 million Americans are on Medicaid, and it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

When Medicare was first established, we were told that it would cost about $12 billion a year by the time 1990 rolled around.  Instead, the federal government ended up spending $110 billion on the program in 1990, and the federal government spent approximately $600 billion on the program in 2013.

It is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately $328,404 for every single household in the United States.

In 1945, there were 42 workers for every retiree receiving Social Security benefits.  Today, that number has fallen to 2.5 workers, and if you eliminate all government workers, that leaves only 1.6 private sector workers for every retiree receiving Social Security benefits.

Right now, there are approximately 63 million Americans collecting Social Security benefits.  By 2035, that number is projected to soar to an astounding 91 million.

Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.

The U.S. government is facing a total of 222 trillion dollars in unfunded liabilities during the years ahead.  Social Security and Medicare make up the bulk of that.

Yes, things seem somewhat stable for the moment in America today.

But the same thing could have been said about 2007.  The stock market was soaring, the economy seemed like it was rolling right along and people were generally optimistic about the future.

Then the financial crisis of 2008 erupted and it seemed like the world was going to end.

Well, the truth is that another great crisis is rapidly approaching, and we are in far worse shape financially than we were back in 2008.

Don’t get blindsided by what is ahead.  Evidence of the coming catastrophe is all around you.

  • Guest

    There is currently no statutory debt limit. Earlier this year the Congress suspended the debt limit until March 15, 2015. I wonder what they’ll do when that day arrives? By then we may be in the midst of another financial crisis. That’ll give them an excuse to extend the suspension. How much longer can this insanity continue?

    • Nicknakthetruthspeaker

      They can continue for years as long as people believe in their lies like :unemployment going down, shale gas everywhere, fatca bringing trillion back to the country,etc…

      They have destroyed the industry, there is no way back like before.

  • T.

    “When the Checks stop coming, the Chaos begins”. “Fantasy Land” is not only at California’s Disney Land. The American dream is about to become the American nightmare. Most Americans are about to become part of World history – The Collapse of the greatest Ponzi scheme in all of human history.

  • Bill

    I can’t imagine where the dollar is finding so much strength recently. I don’t think it comes from a bidding war between the Chinese and Russians. Common “cents” would advise anyone to stay away from a borrower with debt that is 77 times their assets.

    But—- the insanity and lies continue
    And— that’s why we are doomed.

    • DesertPaine

      Agreed, Bill. For all of the reasons ever given for $ strength, all, and all combined, should get flattened by a pancake by these numbers.

    • http://www.escapetopatagonia.com/EscapetoPatagonia.pdf David Chu

      The USD Index is a comparison among drunken sailors out on a night of drunkenness and debauchery!  When one of the sailors (USD) falls down, the others (euro, yen, etc.) pick him up and carry him on their shoulders, and vice versa.

      When the USD collapses, and it will, it will happen extremely suddenly like all of a sudden the lemmings and sheeples around the world suddenly and collectively wake up from a collective nightmare at the same time.

      When that happens it will be too late.

    • ozlanthos

      Well…. There is the question of Iraq, Libya, Syria, and Iran. Allow me to explain. All four were/are financially solvent, and had/have their own national banks. This makes the banking cartels that control most of the rest of the world’s money very very mad.

      With regard to Iraq. Saddam was on the threshold of releasing a gold-backed currency. In order to do so legitimately, you need a LOT of gold (think 10,000 tons or more).Saddam had been selling oil to France, and the UK via the UN’s Oil for Food program, and unofficially accepting their payments in PHYSICAL GOLD…There has been no official accounting for this gold since, and the IMF runs Iraq’s banks now…

      With regard to Libya. Gaddafi was on the threshold of releasing a gold-backed currency. In order to do so legitimately, you need a “LOT” of gold (see above). After the US had mercenaries rape and kill Gaddafi, They had their mercenaries start a “Central” bank in Libya…. and there’s never been any official accounting for Gaddafi’s gold….

      See a pattern here? The goal in Libya is to get their oil for free. The IMF/UN/US intends to do this by installing their own puppet, borrowing billions of dollars from the “Central Bank”, who will squander it on lavish gifts/pay for themselves, thus enburdening the Libyan people with billions of dollars worth of debt that they didn’t need to begin with. Then we will extort Libya for their oil in exchange for resolving their debts with us….at rates WE DETERMINE!

      The plan as I have described above is exactly what the US has in mind for Syria, and Iran. Free oil, from nations of debt-slaves…

      This is how those running the US intend to justify their current expenditures. By using the funds to hire, train, arm, and fund terrorist organizations to destabilize legitimate governments, and seize their nation’s sovereign wealth via dependence, deception, and out-right theft….

      -Oz

      • jox

        I ABSOLUTELY agree. Next chapter is Syria. US couldn’t throw out Assad last year. Then invented the conflict in Ukraine to keep Russia busy, and now returns this year with a better strategy: the ISIS invention to justify the attack over Syria. The US is bombing Sysia right now. In less than three months they will be bombing Assad.

        What you tell is SO EVIDENT! Why is not everybody outraged?

        • Bill

          Because brainwashed sheep are complacent.

        • ozlanthos

          Do you know what saddens me most? NONE OF THIS IS A SECRET! Anyone with half-a-brain, and enough curiosity to look into 9/11 will invariably stumble upon “Wesley Clark’s 7 nations in 5 years”. The only thing that has change is the names of the responsible parties, and the timeline. All other aspects of the plan he lays out have proven to be the same.

          Another big hint is the PNAC manifesto. If you put these two pieces of information together, what you get is the outline for exactly the same process as I’d previously described….

          There are some rays of hope though. The timeline is off because factors they couldn’t account for have come up that have disrupted their plans. 1) The rise of Bitcoin and other cryptos. This one is simple. Bitcoin is a currency that is owned, mined, and transacted by THE PLANET. It’s not the only one either. There are literally hundreds if not thousands of them. What they allow is for people like you and me to transact amongst ourselves without the need for a bank or other 3rd party arbitor. This takes away the ability of the fed, and banks to charge you for using your own money, and allows you to decouple the value of your labor from the FRN. If you do that, the Fed cannot borrow against your GDP, because it isn’t valuated in FRNs. Last time I checked, unpaid soldiers will only fight for so long before they turn on you, and demand payment. 2) BRICs and 3) the network effect of an ever-increasing percentage of the populace coming online. It is hard to motivate people with lies once they’ve become aware of the truth….

          -Oz

    • Mondobeyondo

      The perceived strength of the dollar is really just an illusion. It’s all a house of cards propped up by faith. Once the Chinese and other foreign debt holders begin to lose faith in the dollar, it’s… Katie bar the door. (I’m starting to run out of superlatives! Heh!)

      • Bill

        It is a house of cards and the “big bad wolf” is starting to huff and puff.

  • JailBanksters

    Bonds = Ponzi
    You pay off the Owning Bond by Issuing New Bonds, It has to increase. As long as a new schmuck comes along and buys the new Bond to pay off the old Bond everything honky donkey. If nobody buys them the Federal Reserve must buy their own money back. The Club FEDS balance sheet will have to double and triple, then it’s a Ponzi out of Control.

  • red ink everywhere

    startin to fall apart on the deficit side of the ledger,deficits rippin higher faster than even tax increases can come close to containing,unless Washington can get a handle on soaring entitlements maybe it’s time to consider marshall law and garnishment of wages to buy more time

  • Biff

    Conjunction junction
    Or- the elite keep slapping duct tape on this thing perpetually & we all become slaves via the expanding police state.

  • VigilanteCaregiver

    Mike, I need to comment.

    My wife has a severe Acquired Brain
    Injury from a childhood injury that she is now succumbing to. This has
    led to her having a lot of problems including, but not limited to;
    cognitive and memory impairments, emotional and mental issues, hearing
    and speech problems, balance and motor impairments, and post-traumatic
    epileptic seizures. These conditions led to her acquiring Type-2
    Diabetes, high blood pressure, high cholesterol, and other problems.
    These conditions will cost her her life in several years without intense
    treatments and doctor’s oversights. Before her condition deteriorated
    we delivered three of the cutest kids, ages 11, 9, and 7 today, and had a
    decent life together. Today I manage her conditions and raise our
    children with her the best I can. This is my responsibility and
    privilege to do this for her in such conditions and fulfills our wedding
    vows.

    As of last 18 months I have not worked. The reasons are
    far beyond just a bad economy, but are of a mix of our unique difficult
    situation along with multiple government’s laws and codes. Utah State
    Adult Protective Services (APS) told me
    point blank that I must have a
    caregiver for my disabled wife before I can work outside the home or I
    will arrested for negligence of a vulnerable adult. I cannot leave her
    alone with the children as Child Protective Services (CPS) said that
    since they are of such a young age, I cannot leave them alone with an
    adult with such disabilities – I can face criminal child negligence. I
    actually do agree with these
    restrictions – my wife and children have
    a legitimate need for me to be home – that I agree with. I have
    implored family for assistance, but they have done all they can and will
    do to help. If I hire someone to do the caregiver duties, State Health
    and Human Services said they would prefer I get a certified CNA
    caregiver; it’s not an absolute must, but it’s very preferable in their
    eyes. I cannot afford a full-time certified CNA caregiver as the lowest
    price is $21 per hour. I cannot get a caregiver through Division of
    Services for People with Disabilities (DSPD) because their funding is so
    limited. The last correspondence with our caseworker on August 26 of
    this year, in regards to the waiting list said, “I really don’t know how
    long it will be. I don’t know how much money we will be awarded by the
    Legislators in the future. Also, She could come off if we get attrition
    funds. I wish I could give you an answer. But.. If she has any changes
    in behaviors, please call me and we can adjust the needs assessments.”
    That’s the best DSPD can do.

    The only jobs available to me with
    such restrictions are flexible telecommuting positions. Those jobs are
    far and few between. The vast majority require a minimum of a bachelor’s
    degree and some time employed with the company before hand. I can’t
    leave the house for work. I cannot get a bachelor’s degree from an
    accredited reputable State college or university because I can’t leave
    my wife to go to classes. Those same institutions do not have degrees
    available 100% online. I cannot afford to go back to college and cannot
    get a grant due to my previous attempt when I was torn between caring
    for my spouse or finishing homework on 2 hours of sleep – it doesn’t
    work. I tried to start a home business, but found out I can’t do a thing
    due to multiple State, county, and city agencies forbidding and
    outlawing home manufacturing. And I couldn’t get a business loan to get a
    new premises that would allow for our unique situation – if there were
    any. And we cannot afford to leave the county.

    Many politicians
    have tried to alleviate these burdens by creating divisions and offices
    to provide what we used to have the right to produce ourselves. Problem
    is that these
    programs are useless for the most part. Since the wife
    only brings in $1450.00 gross in SSDI and the kids SSI Survivors
    benefits (taxed and fee’d down to $1343.00/month net), we are allocated
    $414 in food stamps per month (just updated a few days ago). Since we
    only have one adult capable of working, but cannot actually leave the
    house to work, we are not eligible for any financial assistance through
    DWS; not even General Fund for the disabled unless we put our kids up
    for adoption. I tried for and completed a DWS’s training program, but
    when APS told me I had to be with my wife or face arrest, and I can’t
    open a shop at home for what I was trained for out my home due to
    licensing and many other department’s restrictions – it’s useless anyway
    until DSPD comes through. Public Housing/Rental Assistance is
    impossible as they originally gave me an expected waiting list time of
    4-5 years; two months ago they said 1 -1/2 years minimum before they can
    meet with us – they don’t have the funds right now. HEAT program only
    pays enough to cover one gas and (possibly) power bill per year only.
    Our power costs us an average of $220, heating an average of $78 – we
    only have the $1343.00 per month from disability. And we can’t burn
    firewood anymore as air pollution is suddenly a massive problem that
    requires us to pay solely for Questar’s overpriced gas. I can’t legally
    make all our electricity as that this highly regulated by multiple
    agencies and divisions. I know of methods to manufacture methane gas out
    of manure, but it’s even more regulated and restricted than electrical
    production. Originally, Medicaid, since Obamacare, will not take me
    unless we paid $473 per month to DWS that we don’t have. The Utah
    exchange Avenue H did not work when I put in my info the last few times,
    and I was told over the phone that the least expensive plan for me is
    over $600 a month that we don’t have! Thankfully, we were able to work
    this aspect out with the State and I’m now covered. Salt Lake County’s
    Aging Services’ disability division does not provide any assistance as
    we are not elderly (I’m 36, my wife is 38). And the city doesn’t really
    provide anything apart from their own Housing Authority. The federal
    agencies, despite all the hype, really don’t offer very much either.
    Social Security is stretched very thin, and all the other federal
    programs that exist mostly cover veterans or certain folks not us.

    We
    really don’t enjoy being on welfare programs. We would like to go off
    it all, but DCFS says we need to be on them until I can make enough to
    support us. It’s not just the lack of government funding causing
    problems; it’s degrading, humiliating, and socially ostracizing – we’re
    seen as defectives and wastrels. We would very much like to be
    industrious and thrive by the work of our own hands as is the right of
    every citizen of this State – we would like to be part of society. As
    things now exist; unless I suddenly obtain a 6-figure income overnight,
    it’s not possible for us to live independently and thrive.

    Hopefully,
    this very long diatribe gives you some idea of the complexity and
    difficulties of our current situation. And that’s the point of this
    manifesto: we are suffering from my wife’s disabilities, but that can be
    managed; our situation’s been made worse because we are doing our best
    to obey all the laws.

    Public welfare is by it’s results the
    primary form of socialist repression and control. There is no good
    intentions in the system at all; that would’ve shown through their work.
    It’s not about charity or support: it’s about domination. And I pray to
    our Heavenly Father each day for the welfare state to be discarded or
    collapse. The Church is better suited for such ventures – at least with
    the Church they do their work in the name of Christ, and with actual
    charity towards all.

    • DesertPaine

      America has neither the assets nor the authority to provide as you have received. The bad situation does not change that.

      Yes, the church and charity have been the American design since the beginning. But for this observation and appeal, are you prepared for the results when there is not enough excess wealth in charity to care for your needs? If you believe that an independent, thriving life on six-figure charity is a birthright, consider what that would do to the lives of the people in your local church and community.

      The point of this article, of this website, is that there is not enough wealth in the world to exist the way we’d like things to be. And that living as if there is, no matter how good a particular cause may be, creates incalculable suffering when realities reassert themselves.

      Live these days with your wife for the joyful miracle that they are.

      • VigilanteCaregiver

        I’m petitioning and working our Legislature, County, and city to dismantle the welfare system.

        And I didn’t write the 6-figure thing correctly: they said I have to earn a 6-figure income to be released of the welfare and their health oversight. See, this is not really a choice; the only one’s allowed are continue or divorce. And the latter is not an option in my eyes. I really don’t want to be on these programs, but local laws actually say we must be on them with our situation. I cancelled once and had CPS and DCFS come down on me hard!

        I fought for the right to garden and have small livestock (chickens, rabbits, and ducks) along with the right to harvest on-premises. We won a few months ago. It will take time, but Lord willing, we will be free.

        • DesertPaine

          Vigilante, why are you ‘petitioning’ for anything at all? Petitions are how slaves talk to masters. DEMAND, don’t petition.

          Problem is, from what I read of your post, you’ve appealed to govt for services in times past. Take the King’s gold, become beholden to the King’s edicts.

          Do you have an SSN? Do you file a 1040? Pay property taxes? &c. Fighting for freedom will NEVER mean using extraconstitutional remedies for life and then petitioning to govt for their approval of this or that. The ‘authority’ to whom is turned for approval of chickens is the same ‘authority’ that is now authorized to take it away.

          We all pray that your wife recovers.

          • VigilanteCaregiver

            This is the strategy. I’m following D&C 101: 76-95.

            76 And again I say unto you, those who have been scattered by their enemies,
            it
            is my will that they should continue to importune for redress, and
            redemption, by the hands of those who are placed as rulers and are in
            authority over you—

            77 According to the laws and constitution
            of the people, which I have suffered to be established, and should be
            maintained for the rights and protection of all flesh, according to just
            and holy principles;

            78 That every man may act in doctrine and
            principle pertaining to futurity, according to the moral agency which I
            have given unto him, that every man may be accountable for his own sins
            in the day of judgment.

            79 Therefore, it is not right that any man should be in bondage one to another.

            80 And for this purpose have I established the Constitution of this
            land, by the hands of wise men whom I raised up unto this very purpose,
            and redeemed the land by the shedding of blood.

            81 Now, unto
            what shall I liken the children of Zion? I will liken them unto the
            parable of the woman and the unjust judge, for men ought always to pray
            and not to faint, which saith—

            82 There was in a city a judge which feared not God, neither regarded man.

            83 And there was a widow in that city, and she came unto him, saying: Avenge me of mine adversary.

            84 And he would not for a while, but afterward he said within himself: Though I
            fear not God, nor regard man, yet because this widow troubleth me I
            will avenge her, lest by her continual coming she weary me.

            85 Thus will I liken the children of Zion.

            86 Let them importune at the feet of the judge;

            87 And if he heed them not, let them importune at the feet of the governor;

            88 And if the governor heed them not, let them importune at the feet of the president;

            89 And if the president heed them not, then will the Lord arise and
            come forth out of his hiding place, and in his fury vex the nation;

            90 And in his hot displeasure, and in his fierce anger, in his time,
            will cut off those wicked, unfaithful, and unjust stewards, and appoint
            them their portion among hypocrites, and unbelievers;

            91 Even in outer darkness, where there is weeping, and wailing, and gnashing of teeth.

            92 Pray ye, therefore, that their ears may be opened unto your cries,
            that I may be merciful unto them, that these things may not come upon
            them.

            93 What I have said unto you must needs be, that all men may be left without excuse;

            94 That wise men and rulers may hear and know that which they have never considered;

            95 That I may proceed to bring to pass my act, my strange act, and
            perform my work, my strange work, that men may discern between the
            righteous and the wicked, saith your God.

    • AzDi

      I want to say… in situations like yours, I believe most Americans want to help! Of course this was what government apparently intended when some of these programs came about. These programs and other help through churches. I HOPE you are not feeling guilty because you are in a very real situation and yet still trying to do everything you can. God bless you for your strength through all of this.

      The REAL problem is the people who would rather collect free money instead of working. We have too many people in “inner cities” and others who just don’t want to work. It is so much easier for them to collect free money because of the bloated government and no over site or reform.

      Because of the bleeding hearts in WA who continue to just give away money without any stop gap in place are the problem. The bleeding hearts in WA continue to bring in illegals and give our money to them.

      The real problems are the government KNEW these programs needed to be reformed and no one had the guts to do it. Now all the young people are blaming the baby boomers, which I am one of, who has paid into these systems like everyone my age from day one.

      The problem is our government is broken and no one wants to deal with the real problems for political reasons ONLY.

      • VigilanteCaregiver

        I miss working. Tried opening a couple home businesses, but couldn’t get licensing and zoning clearance.

        And yes, I do feel guilt and shame about using welfare. It’s quite castrating and embarrassing using an EBT card.

        • AzDi

          I’m sorry. I know it must feel horrible for you. That unfortunately is because of what our government has done. Most people on welfare are looked at as free loaders, and I am afraid I have done that myself in my small town. BUT for the most part one can see the difference. Too many though do not have the understanding that SOME REALLY need the help.

          I do wish you the best and hope other things will turn up for you and your family. You are truly a wonderful person and God is with you.

    • TtT Engine

      Michael, Is there a wealthy EC member(s) that could help this deserving family ? Can you set up a fund for the EC group to donate ?

      • VigilanteCaregiver

        Please no.

  • GSOB

    Romney vs Hillary

    Who wins?
    (Hillary)

    Why,…
    Most of the voting folk think like democrats..
    and want blessings showered upon them by big brother.

    America is in aberration and most won’t know what we had until it’s totally gone.

  • Firstgarden

    The new American Express.

  • stingray

    will president say ” be alright ” ?? 18 trillion on way !!

  • XSANDIEGOCA

    It is no longer a question of IF but WHEN.

  • Priszilla

    Could you put the numbers into a graph to see the trend? I also see the numbers shrinking in 2013 compared with 2012.

  • alan

    I think they are looking for an exit.

    Say if Red China goes under then we can use them as a scapegoat to blame it all on, then we’re good. They’ll need a big event to hide this mess behind.

  • jox

    We have two possible futures: We can learn to spread the wealth, so everybody can have a decent life, contributing to society perhaps not with a regular job (because NEVER we’ll have jobs for everybody), but with other activities in sport, culture, music, art, and so on, that will generate economic activity, and respectable and full lives. On the other hand, we (specially you americans) can continue with the philosophy “every one for himself”, disregarding wealth redistribution as “socialism”. This way leads to revolts and revolutions

    We are un a historic moment when the model of economic activity and society will change. Please forget the cold war dogmas about “socialism”, look to bright countries such Denmark, that combine a free market economic model with welfare and redistribution of wealth. They are prosperous and the happiest country in the world. Why do you hate such a model?

    • DesertPaine

      Because it trashes just about every tenet of the Constitution. The one that makes America different when we don’t fall for ideas such as those you admire.

      When Denmark bears the entire burden for its own defense, we’ll see what happens to their social welfare model.

      Dime to doughnuts say that, for you, ‘redistribution of wealth’ means that you get more than you give. Sounds like a great plan, for you. And what, exactly, is the reason that you believe you have a better right to someone else’s property than they do?

      I’ll put away ‘cold war dogmas’ about socialism if you confront real-war dogmas about socialism. The people who exercised your dream society killed 120 million people in the last century.

      • jox

        I think you are being deceived. US don’t need to spend in military more than the next 10 countries together for ‘its own defense’, neither do you need bases in 150 countries. Don’t beileve them when they say that “it’s for the freedom of the world”.

        In my case, with redistribution I will give more than I get. But I find it fair if the society as a whole is better and happier.

        In the last paragraph you are not understanding me (I’m sorry, I’m not english native). I don’t defend socialism (I oppose completely). What I try to say is that you shouldn’t ignore good ideas only because someone labels them as “socialist”. Some of these good ideas for the future are social welfare and wealth redistribution.

        • DesertPaine

          Defense cannot be measured by American imperialist folly. Denmark cannot perform its primary purpose, defense. If it did with its assets, there would be no redistributive state.

          I have no desire, say, power or authority over how you make your life fair, better, happier. Any theory that says I would is radical.

          Redistributionists casually believe that my life and its fruits are there to serve their opinioned interests. Or, die like the 120 million did in 20c.

          Jox, there is a place for so many good ideas, including yours. I’m not prepared to say that any idea is automatically better than another. Let each idea flourish in its arena. While your beliefs may be great, they are antithetical to the American experiment. Let ideas here unfold, and let people who want that embrace it. Let ideas everywhere unfold, and let people embrace what ideas they wish. Without changing others. This applies to America too, in every way good and bad.

          • jox

            I respect the american experiment. Prosperity, freedom and independence soared. It has been a mirror and a model for others to follow. My main economic principles come from america.

            But look now, millions of people on welfare, jobless or with bad jobs, and in the other hand big banks and big corporations being given hundreds of billions, inequality soaring. I’m afraid that the american experiment has derail.

            The old world is dying. I’m suggesting new ideas, rational, practical, that are working elsewhere. Study them with fresh eyes. And embrace them if you want, but I don’t see what the alternative is.

          • DesertPaine

            Jox, today’s America has little to nothing to do with the American experiment. We have strayed far, far from it — and crashed headlong into the redistributionist models that you favor.

            America will collapse, as this article clearing shows. None — not one– of those stats are a result of the American experiment. It will reside on the large trashheap of history’s redistribution schemas. Jox, other than artificially boosted ideas such as Denmark, what successes do you embrace that seem to make redistribution such a good idea? How you compared that short list to pages and pages of failed redistributionist states?

          • Firstgarden

            In risk of repeating myself..
            the American Experiment has not failed us. We have failed the American experiment.

            The moral implosion is what has sunk us.

          • DesertPaine

            Be careful assigning blame this way, Firstgarden. Unless one settles on a highly parsed notion of morality, then pointing out moral equations leaves four fingers pointing back at each of us. If one considers the Constitution (or more precisely, D of I) a moral document, then drawing any of the myriad of extraconstitutional services becomes im-moral. But I’m happy to go there if you are.

          • Firstgarden

            It wasn’t the constitution I was referring to. It goes far deeper than that.

          • DesertPaine

            Understood…and concur! But, its a snake’s pit to invoke our private beliefs upon public policy. If we can do it to them, then they can do it to us.

          • Firstgarden

            And they do. But, while wishing to stay within context, oft times the context is surface issues stemming from root issues. It appears futile to speak endlessly of symptoms and not address causes.

            As such, whether personal or not, spiritual issues will emerge in the conversation. Not to be tacky, pushy, or in the least bit disrespectful; on the contrary, we as people of faith and adherence to God’s precepts and principles, hold the highest respect for human value. And, furthermore, we would find it both unconscionable and superficial to keep the discourse entirely on the surface, when the deeper realities we encounter are well beneath the surface.
            Kind regards.

          • Gay Veteran

            “…we as people of faith and adherence to God’s precepts and principles, hold the highest respect for human value…..”

            oh, must have missed all those Christians protesting America’s endless wars

          • Firstgarden

            No one escapes the slime treadmill. Those with an eye to criticize, will always find something to criticize. Even Jesus Christ received a lot of criticism.

            In truth, some of the protesters were Christians, some were gays.

            I don’t see any gays protesting outside the abortion mills. But, that doesn’t mean that gays don’t value human life, because some gays do. Please try to see the big picture.

          • Gay Veteran

            most gays understand that you cannot be free if you do not control your own body

          • Lt

            Every time a senator or representative votes on a bill, he does so as a citizen representative with private moral beliefs. The effects of the laws passed impact the morality all of the citizens of the nation. It is no snake pit to invoke the private moral beliefs of the individuals who comprise the public at large. If the morals of the majority of the citizen voters are good, then the laws passed by the body politic will reflect this. If the morals of the majority of citizen voters are bad (corrupt), then the laws passed will reflect that as well. Also, the body politic will prosecute those in office for violating the laws of the nation, when their morality is good. Likewise, the body politic will not prosecute violators of the laws of the nation when their morals are bad (corrupt). It really is just that simple. This is the way our government has functioned from day one in this nation. One does not lose his private moral beliefs simply because he is elected to public office. Rather the private moral beliefs of the body politic are represented by the laws passed and invoked upon the citizens of this nation. So, in effect laws passed are a moral reflection of the public citizens elected to represent the public along with the moral values of the public at large. One can not divorce the morality of a nation’s citizenry from those they elect to represent them. Surely you can understand that. The Unitarian Ben Franklin said, “We have given you a Republic, if you can keep it.” We have failed to keep it, because of the huge decline in the morals of the nation’s citizenry and reflected in our elected representatives sent to Washington on our behalf. The Bible says, “Righteousness exalteth a nation” and guess what? Almighty God has never been wrong on any call HE has ever made.

          • retired22

            Jox,it can’t be done.Forget the political & economic considerations.Zero in on this one overriding fact,In the year 1900 there were a little more than 1.65 billion people in this world.In 2014 there are a over 7 billion people alive in the world.That comes to an app. 4.33x increase in the worlds population.Global resources in clean water,arable land, living space & many other necessities of life are not available for human consumption on the scale needed.No political or economic system devised can cope with this reality,the issue has become zero sum,many will not make it!

          • Gay Veteran

            “…Denmark cannot perform its primary purpose, defense…..”

            again, defense from what???

          • aj

            well said, fair and true. now be prepared, to embrace the following, if it unfolds, by necessity:
            solution coming soon at your bank: everyone’s account, ALL, across the board, one monday morning, gets whacked 20 to 30%, a government tax,to help keep our government on life-support.
            Government does not have ‘obmacare-insurance. Ha!
            They need our help.

      • Daddyotis

        Well said, Desert!

      • Gay Veteran

        “…When Denmark bears the entire burden for its own defense….”

        defense from what???

        • Liam

          Are you SERIOUS?????? Russia is already invading the Ukraine right NOW.. All the Baltic nations have very large Russian populations that Russia will use as a pretext to “defend” like they are doing now in the Ukraine. Why do you think Russia stole 50% of Finnish territory in the 30s? Because they were bored? Russia didn’t become a huge country overnight. It was built on imperialist conquest and thievery. Why do you think they invaded Georgia a few years ago?

          • Gay Veteran

            the Russian speaking people in the eastern part of Ukraine refused to accept a neo-Nazi coup government in Kiev that started to oppress Russian speakers.
            Georgia? oh you mean after they attacked Russian troops.
            quit buying the propaganda coming out of the fascists in DC

        • Liam

          Are you really that pig ignorant? Did you not notice Russia invading European countries under the Warsaw Pact? The only reason they didn’t invade Yugoslavia is because Tito gave every man in the country an AK 47 and ordered them to the border to confront Russia and other Warsaw Pact armies.

          • Gay Veteran

            hey Einstein, the Soviet Union no longer exists.
            now it is the US invading countries, like our war of aggression against Iraq

          • Gay Veteran

            pig ignorant? did you know that it was the US that sponsored a violent coup against the democratically elected government of Ukraine? a coup supported by neo-nazis

    • Orange Jean

      You forgot one option: continue to spread the debt so that everyone can have a miserable life. Too bad you’re been drinking the Red Kool Aid!

    • VigilanteCaregiver

      Stop stealing people’s wealth! And those who take rarely hand it out!

      I am living your ideal right now and it’s a #$%@ing dystopian nightmare!!!

      • DesertPaine

        Vigilante, you seem to bank heavily on believing that the services your family receives is not stealing because those programs are “legal” and not specifically forbidden by your private religious code.

        Remember, Hitler’s takeover of Germany followed the laws, too. The Pharisees hid behind law. “Legal” cannot be a cover for actions taken beneath one’s signature code for life on this planet.

        • VigilanteCaregiver

          I think it is stealing.

          See, the Church provides assistance based on donations given of the members free will; we speak with the Bishop (who is steward over the Church’s Welfare Program). The state and Federal programs are from taxpayer funds – taken by the authority of a gun.

          And I’m not taking because it’s legal – you need to understand. We are required to take it because of state law. This isn’t by choice. DCFS made it quite clear that we have to register for and accept from these programs due to the wife’s disabilities and the ages of the children. By not funding these programs also has caused problems.

          If I don’t, I’m off to jail; wife into a state institution, and kids hopefully to the in-laws and not into foster care.

          Say what you want: no political theory will supplant their legal action and guns.

    • Firstgarden

      You’re not far off, actually. I mean no offence, but you’re speaking Kingdom principle here. Only, Messiah said, “My Kingdom is not of this world.” I think you have the right expectations, but in the wrong place.

      As for this world, capitalism did not fail us. We failed capitalism. IMHO.

  • Bill

    Insane trend this morning as the dollar flies over 86 but gold and silver are smashed down. Very strong indication of minipulation and desperation.

    • DesertPaine

      What are you taling about? USD up against EUR and GBP since 05:22 (MST). Another half hour of this and we have a new trend! Ah, American will have turned the corner…..

      • Bill

        Dangerous does not mean new. Big banks have rigged their computers to manipulate the markets to prolong the derivative bubble.

        • DesertPaine

          Well, yes, Bill. Banks’ arbitrage manipulation makes it hard to trade even a small range chart. In that environment, a half hour is an eternity. The post was, of course, tongue in cheek,

          • Bill

            Understood

  • jakartaman

    This is a no brainer –
    What usually happens in times of economic strife, especially when it involves strong military states.
    Yup – WAR.
    Take your pick – My bet is that the Middle east will go after Israel with the backing of Russia. Israel has to use its tactical nukes for its survival – Then the real fun begins

  • toadsticker

    “In fact, 49% of all Americans live in a home that gets direct monetary benefits from the federal government each month according to the U.S. Census Bureau.” Add in all the federal, state, county, city, township and village employees and the number rises to over 70% that get direct monetary benefits from the taxpayers. Let me put it this way. If an employee receives 100% of their pay and benefits from the taxpayers are they really paying taxes when they send in their tax payment for the year? I say no. It’s more like paying tribute to your benefactor, like how the mafia operates.

    • brotherjohnf

      Many are considering leaving the country while this goes down. Go east young man…..

      • Firstgarden

        Corruption is everywhere, my good man. Pick your poison.

  • Carl

    The reason medicare exceeded the estimates is because of the waste and fraud in the medical community. This whole country is full of people who benefit from gaming the system as long as it benefits themselves and family and friends. These are the same people that cry foul when some stranger does the same thing.

    We are a nation of do what I say but turn a blind eye to what I do. And if you even think you can do the same greedy, lying, cheating things I do and also get away with it you are sadly mistaken and will fry for it.

  • Firstgarden

    Yogi Bear: What the heck was that?

    Boo Boo: I have problems with potato salad.

    Yogi Bear: Boo Boo, you’ve tried to stop my brilliant ideas with common sense a thousand times. Has it ever worked?

    Boo Boo: No.

    Yogi Bear: Then… let’s go-go-go!
    We’re gonna get richhhhhhhhhhhhh!!!!

    Yogi Bear: It’s because I’m smarter than the average bear.
    Yogi Bear: I’m so smart that it hurts.

    Yogi Bear: They have donuts. DONUTS!

    [Yogi has a fantasy of a giant donut]

    Boo Boo: [Interrupting fantasy] Yogi, what’re you doing?

    Yogi Bear: [Determined] I’m going!

    Boo Boo: No, Yogi! We promised the Ranger we would stay away.

    Yogi Bear: You’re right. I’m losing control, Boo-Boo. I don’t know who’s steering the ship!

    Yogi Bear: Hey Boo Boo, here’s the new plan. We’re gonna steal EVERY pic-a-nic basket in Jellystone Park!

    Boo Boo: Isn’t that getting greedy, Yogi.

    Yogi Bear: Not in my book, Booby. The campers are all asleep & we’re gonna get RICH! RICH!! RICH!!!

    Boo Boo: Oh, the Ranger won’t like that, Yogi.

    Yogi Bear: Haven’t you heard, Boo Boo? There’s a NEW ranger in town now. In fact, he TOLD us to do it! … and to just make sure he gets a nice fat cut. We’re in cahoots now. It’s a win-win for us, and a lose-lose for them.

    Nothin’ but money is sweeter than honey.. Hey Hey Hee!

  • Shlomo Shekelberg

    Everything going according to the plan…

  • Pete

    If foreigners won’t buy U.S. debt, the FED will.

  • Bill

    Hope some of you follow and are able to read Bix Weir’s latest on Greenspans bright idea for China.

  • Mondobeyondo

    There’s a word for what our government is doing:

    UNSUSTAINABLE.

    And that’s even with the rock-bottom interest rates we are, ahem, enjoying right now!! The prime lending rate will inevitably go up. And when (not if) that happens… a splendid time is guaranteed for all.

    Is there any way out of this predicament? Well, the chances are slim to none, and slim just left the building.

  • Mondobeyondo

    Hey, I know! Let’s tax every working American citizen 100 percent of their annual income! Will that be enough to balance the budget and get our finances on track?

    Not. Even. Close. The hole we’re in is much deeper than that.

  • It’s Simple Really

    We must spent, we are the best in the world, God Bless America, our home sweet home :)

  • FortuneSeek3rz

    So much innovation, patents, intellectual property and general wealth is located within the US that I don’t ever see the US economy “crashing” relative to the rest of the world. It is still the land of opportunity.

    • Bill

      Great point but, when the vastness of the debt is considered it seems to dwarf the wealth you speak of.

  • Dave of OK

    Michael, with all your research and writing you have done, I would love to have you write a blow-by-blow description of how you think the “game over” situation will unfold in the United States.

  • Bigg Frank

    Could someone remind me again exactly why the government borrows all of this money from the Fed (who create it out of thin air) and pays interest? Why don’t they just print it themselves?

    • GSOB

      …because the ulterior motive in setting up the Federal Reserve Bank system was to make banks more powerful,….. underneath the guise of the government prepping against under financial collapse…..

      Good intentions have consequences.

  • Bill

    Interesting site and good point.

  • Km

    It’s all going to the illegals, soon to be legal! And the rest of us who were born and raised here, will deal with the deliberate invasion of Ebola, and all the other viruses and diseases coming in! I’m sure DC hopes that will cull the herd!

  • 1politicalcrook1

    I read many of these comments posted and I must say my piece. I hear the words,Ponzi scheme,Gaming the system,Socialism,American Experiment,Denmark in the dumps if they have to use a defense plan! I am a disabled Veteran who worked 26 years from the age of 16 to the age I could work no longer due to being injured in the military. A disabled vet from the 1st Gulf War time period. I have been told by MANY americans that I DO NOT deserve my VA benefits…THe Government lies about everything and that my DD214 showing I got out disabled is probably a lie also. That is just a few of the comments I hear. Let me tell you all something, To be prepared to fight for my freedom and YOURS which most of the people do not have the balls to do in the first place,Get out disabled,wait 18 F**CKed up years to WAIT FOR MY VA Benefits WAIT another 10 for my SSDI that I PAYED INTO FOR 26 years. LIVE ALMOST HOMELESS a few years out of all the waiting AND THEN when things finally fall into place be told I DO NOT DESERVE MY BENEFITS? YOU ALL CAN GO BACK TO WATCHING OUT FOR YOURSELVES,GO BACK TO YOUR SELFISH WAYS and GET WHAT YOU DESERVE!

    AS far as the Ponzi Scemes,Blah Blah Blah,other excuses,etc. IT WAS THE POLITICIANS who turned the RICH against the POOR why??? TO throw up a diversion of the TRUTH! LET ME ASK YOU SOMETHING ABOUT THIS PONZI SCHEME WE ALL PAY INTO. DO YOU THINK OUR DEBT TODAY IS FROM people AMERICANS WHO NEED WHAT THEY PAID INTO? OR FROM WAR? DO YOU THINK IF WE COULD KEEP OUR NOSES OUT OF EVERYONE ELSES BUSINESS,QUIT POLICING THE WORLD,OPPOSE OUR SELF WILL UPON OTHER COUNTRYS BECAUSE WE DO NOT LIKE HOW THEY RUN THEIR COUNTRY,,,,,,IS THIS REALLY OUR BUSINESS OR OUR JOB? I hope this opens at least a few of your eyes! Maybe if we mind our own business,QUIT ACTING SELFISH TOWARDS OUR BROTHERS AND SISTERS and worry about OURSELVES and OURSELVES only, WE WOULD NOT, I REPEAT, WE WOULD NOT be in the MESS we have going on today. INSTEAD OF BITCHING on this site over who gets what where,how about trying to OVERTURN CITIZENS UNITED so that we can get the CORPORATE GREED out of our POLITICIANS POCKETS ( NO MORE BRIBES) SO WE CAN GET OUR COUNRTY BACK TO WHEN WE THE PEOPLE WERE IN CHARGE AND WE GET POLITICIANS WHO AGAIN WORK FOR US….NOT THEM! IF we cannot do that then we need to get them ALL OUT OF OFFICE so we can FIX our COUNTRY WE ALL blindly let get away from US.

  • 1politicalcrook1

    LASTLY for those of you who do not want social security, I HOPE TO HELL you put away at least 30 percent of your paycheck so when you are in my situation (WHICH I DO) when you are 65 years old you do not end up with NOTHING.

  • Wolf Thom

    EIR NEWS – The LaRouche Movement
    http://www.larouchepac.com
    Peak Oil and 9.11.
    http://www.fromthewilderness.com
    American Free Press
    http://www.americanfreepress.net

  • jacob

    as long as we can eat today who care about tomorrow we made living in America to easy for most Americans and the illegalalien there will be a day of reality and it ain’t going to be good

  • dbtunr

    you know the government and Fed owns many of those bonds and is thus paying the interest to itself, right?

  • jackmur2012

    Right now SS has a $2.7 Trillion surplus. But the Government spent the money. It was their “entitlement” that allowed them to do that. Sadly they treat SS as a debt rather than a creditor. The fix for SS is to “increase the cap”. But that hasn’t happened and I don’t know why. So, I don’t agree with your numbers they are out of sink with everything that I have been studying.

  • Neo Mog

    Is America in a position to repay on demand?

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