Page 302 - Beers With Our Founding Fathers

Beers with our Founding Fathers

How much is your annual salary? Possibly $25,000 or $50,000

or $75,000 or $100,000? It is a real number that you can relate to
and apply to your monthly and annual budget. Do you plan for ten

years and stick to it? Our government, or any corporation, is so big
that $100,000 is not noticed or missed. $1,000 is written as $1K or

one-thousand; $1,000,000 is written as $1M or one-million;
$1,000,000,000 is written as $1B or one-billion; and

$1,000,000,000,000 is written as $1T or one-trillion. To digress, and
make a point – the deficit cannot be reduced if the borrowing (debt)

continues to increase – remember the algebra based economic
balance, simple double-entry accounting? Even if there is a

balanced budget and no deficit, the borrowing will continue. Why?
It is compounded interest on the national debt. Our Country is only

able to pay the interest on the debt. Due to increased Parasitic Cult
programs, uncontrolled and unbudgeted spending, the ‘debt ceiling’

or amount of debt that can be accumulated has to be approved by
Congress and increased every year. It is perpetual, insurmountable,

and out of control. The only solution is responsibility of capitalism
and the Fiscal Culture.

Insurmountable interest on the actual debt of nearly $60T
($60,000,000,000,000). The annual budget deficit is $1T

($1,000,000,000,000) and the interest on the debt is $4T
($4,000,000,000,000). How hard is it to wrap your head around

those figures? Go to http://www.usdebtclock.org (the only website

referenced in this work) and look at all of the numbers (they tick up
so quick, just round to the first trillion or billion). You should quickly
see that our total debt is actually nearly $60,000,000,000,000,

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