Vatic Note: This debt below does not include all the wars yet to be funded for Zbig and his Zionist masters. They are trying to get us into war with Iran for Zbigs empire building for the bankers and not for the US. But we have the pleasure of paying for it to the tune of over $20 trillion dollars while the entire globes GDP is only $60 trillion. That is how much wealth they have taken from us and put us into debt. Amazingly clever without ever firing a shot except those they assassinated.
This is what the NEW WORLD ORDER under Rothschild and the Bilderberg organization has given us along with the BP oil blow out and you think we are not at war??? Wrong, and they are winning because we are unaware that they have declared and are conducting war on us. Soon, our nation, given the lack of water and food and this debt level will be completely under control. The implications of this debt is bigger than you can imagine. What it allows the bankers to do is to confiscate the public lands, infrastructure and natural resources of this nation in total as repayment on the debt. We will be a third world country and a slave work force. Surprisingly, they have done it, now they must be taken down. 1984 perpetual war with you and I slaving to pay for it for their profits. Nice huh? Well, if we are to have war, why not have it against the real enemy instead. Something to think about.
U.S debt to rise to $19.6 trillion by 2015
Reuters
http://www.reuters.com/article/idUSN088462520100608
June 8, 2010
The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress.
The report that was sent to lawmakers Friday night with no fanfare said the ratio of debt to the gross domestic product would rise to 102 percent by 2015 from 93 percent this year.
"The president's economic experts say a 1 percent increase in GDP can create almost 1 million jobs, and that 1 percent is what experts think we are losing because of the debt's massive drag on our economy," said Republican Representative Dave Camp, who publicized the report.
He was referring to recent testimony by University of Maryland Professor Carmen Reinhart to the bipartisan fiscal commission, which was created by President Barack Obama to recommend ways to reduce the deficit, which said debt topping 90 percent of GDP could slow economic growth.
The U.S. debt has grown rapidly with the economic downturn and government spending for the Wall Street bailout, the wars in Afghanistan and Iraq and the economic stimulus. The rising debt is contributing to voter unrest ahead of the November congressional elections in which Republicans hope to regain control of Congress.
The total U.S. debt includes obligations to the Social Security retirement program and other government trust funds. The amount of debt held by investors, which include China and other countries as well as individuals and pension funds, will rise to an estimated $9.1 trillion this year from $7.5 trillion last year.
By 2015 the net public debt will rise to an estimated $14 trillion, with a ratio to GDP of 73 percent, the Treasury report said.
(Reporting by Donna Smith; Editing by Kenneth Barry)
The article is reproduced in accordance with Section 107 of title 17 of the Copyright Law of the United States relating to fair-use and is for the purposes of criticism, comment, news reporting, teaching, scholarship, and research.
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