Where did the debt come from?

[link to www.upworthy.com]

The dominating forces need to control.

The 16 Trillion dollar debt comes from building a base on Mars and the Moon, also we have a huge space navy fleet.

Bailouts of people who didn't deserve it. As fucking usual, the responsible and prudent get punished, and then all the assholes blame them for not going into debt.

Any sort of backup to these claims?

interest passing up asset value

A big chunk of it came from
Bush TaxCuts
Bush Wars

Debt existed LONG before the bailouts.

Yes

Care to share them with us?!

Secret services i guess.

as a nation we will never be able to repay that

add that its just numbers in the first place

The stupid Bush wars unpaid for, the Bush and Reagan tax cuts, and mostly reduced revenues from the GOP crashing the economy 2007-2008.





"Deficits don't matter."

It came from the parasites in Washington DC spending more money, in most cases to get re-elected, than they steal from the people.

They do not do it alone however: they conspire with the international banking elite who is more than willing to print however much money they need as long as the parasites pledge the productive output of the people and the natural resources of the nation as collateral.

This too.

Try the Gramm-Leach-Bliley Act which gave incredible amount of power to banks over the people and expanded the Community Reinvestment Act. Since of course, people have a "right" to own a home, then they also have a "right" to get a loan to pay for the home (which would then mean the banks own the homes, but don't tell anyone).

Anyway, the banks were allowed to just hand out loans to anybody who wanted a loan without any accountability. Of course, nobody actually payed their loans, and a few years (and wars) later we have massive debt as a nation.

That's just for one source of debt and the bailout. The rest comes from simply spending more than you take in. That new federally funded public school that popped up in the inner city with graduation rates under 20%? That's debt.

Last Edited by Zedakah on 11/12/2012 12:01 PM

No

Then you're talking shit.

The Federal Reserve act of 1913.

this.

Technically, there is no debt. The whole thing is made up. Our entire economic system is a scam. If you eliminate the federal reserves of the world and the fractional reserve banking system the debt will be eliminated as well. The root of the problem is the money changers.

I can't remember where I learned this so I don't have a source but I am pretty sure that our income tax merely services the debt that has accumalated from foriegn wars sice WWI even.

So basically we are in debt because of War so that we can continue to go to war and as long as we keep winning at war we will keep borrowing to go to war.

War - This is what its good for = not good enough IMHO

you all have a debt you could never pay and that is to god..

They created it.

If a new currency comes out and i'm the only one to take 50$ out of the bank and they say "pay me 55$" Where am i going to get the extra money?

THEN you go and buy your house, but the bank only needs to have 10% down for your loan. So, while your neighbors money in the bank is paying for your house, you are paying 100% of something they're only paying 10% for... Fractional Reserve Banking... Oh, they're makin your money.

THEN you're taxed to fuck.

Not to mention, our government owes all the money it gets back to the federal reserve... SO, all money is DEBT,

Big question is: How do you pay a debt with a debt?

Someone already owes this money to someone else... how can i give it to you? It's illegal or something...

this is gettin fuckin old!!!!

Bush left 4 Trillion

Now theres 14 trillion... so wtf???

wars etc have supposedly been DOWNSIZED since O took office

But don't worry about the Bush tax cuts...they'll be gone soon and we can all have higher taxes...that'll fix it.

Oh yeah lets not forget the payroll tax cut compliments of Obama that ends dec, 31st so we will also be blessed with lower pay!!!


Any vote for Obama was lose/lose....

this will bear out you'll see.

But not before the Bush Presidency.

We had debt since the beginning....

1783 - approx 43 million

1860 - approx 65 million

1865 - approx 2.6 billion

1900 - approx 2.1 billion

1929 - approx 17 billion

1940 - approx 49 billion

1945 - approx 253 billion

1960 - approx 380 billion

1980 - approx 1 trillion

2000 - approx 5.5 trillion

2012 - approx 16 trillion


We need a reset world wide....everyone start on a clean slate. All is based on resources & production of goods.

Think about how that would change the current situation.

most from Obama

You forgot the part where Andrew Jackson paid it all back and people waked up and persecuted the money changers instead of being slaves to them.
In January 1835, Jackson paid off the entire national debt, the only time in U.S. history that has been accomplished. The accomplishment was short lived.