National debt

Opinions, News, and Facts.

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Most people are unaware of the danger both parties have placed you and the nation in, our national debt. For every thirty-one seconds of every day, the debt grows by one million dollars. Well, that's not accurate because of compound interest. Over time, those thirty-one seconds will represent more and more money. The frightening fact is the entire yearly federal budget past Social Security, Medicare, and Food Stamps is all borrowed money, yes, every cent. Therefore, all of the money sent to Ukraine was borrowed billions of dollars that you are on the hook for, as well as, all…

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How things have changed in my lifetime

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I was adopted by a couple who lived through the Great Depression. Neither of them grew up with running water or electricity. My mom grew up on a farm that her father rented. Whereas, my father grew up in a town setting. Mom's family had little money, but they had a lot of food for the five of them. However, Dad's family of six had little money or food. The lesson is, it's best to control large sections of land when hard times befall us. Neither of the families owned a vehicle. The farm ran on animal…

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My plan to retire our $35 trillion debt.

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My way to retire our nation's debt is the only way to do so. I can say so because not one person has advanced any other plan to pay off 35 trillion dollars. I remember when we passed one trillion dollars in the 90s. I knew we were in trouble because of the power of compound interest. A trillion of anything is hard to fathom, be it units of distance or monetary value. To be clear, there aren't 35 trillion dollars in physical existence. These trillions of dollars are digital dollars minus the nine hundred billion of physical dollars…

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The Federal Reserve: How banking works in America.

Before the advent of the internet, I often wondered how bankers made a profitable living. How did banks stay afloat on loans that wouldn't be paid back for thirty years? Where did the new money come from for the bank to make new home loans? I knew the deposits didn't cover the loans the bank was making for thirty-year mortgages. All of this ties into our national debt and the Federal Reserve is at the center of this as to why our money is debt.The first fact is the Federal Reserve is not part of America's Federal Government.…

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