Trillion
National Debt/Deficit Road Trip
Eleven Trillion Dollar Drive
By Jason Goldtrap
JasonGoldtrap.com
03.23.09
I will be on the Fox Business Network, Thursday, June 18 at 4pm EST.
Comments with profanity will not be posted
Hi. My name is Jason Goldtrap. I love America. Let’s pretend I have the Trans Am from the movie Smokey and the Bandit, that’d be cool. I want to visit every state capital in the lower 48, from Maine to Washington. I have chosen a route whereby I can drive from one capital to another. I am travelling at a constant rate of 60 miles and hour, no bathroom breaks, no naps, no lunch at Cracker Barrel, no souvenir shopping, I am just driving and driving and driving. The roads are clear, the weather is perfect, let’s roll.
My journey begins in Augusta, Maine. I drive to Montpelier, Vermont then to Concord, New Hampshire down to Boston for some clam chowder back southwest to Providence and across Hartford. I then go up to Albany south to Trenton and Harrisburg then down to Dover. I skip across Chesapeake Bay to Annapolis, see the sights in DC before heading down to Richmond, continuing my journey to Raleigh, Columbia, Tallahassee, and a surprisingly traffic free Atlanta. Next I hit Montgomery and Jackson down to Baton Rouge, up to Little Rock east towards Nashville, Frankfort, Charleston, Columbus and Lansing. I win the Indianapolis 500! Then west to Springfield, up to Madison, I say hello to Garrison Kellior in St. Paul, then down to Des Moines and Jefferson City. In Austin I mess with Texas before heading up to Ooooooooklahoma City where the wind comes sweeping down the plains. Up to Topeka, Lincoln, Pierre and Bismarck and Cheyenne. I catch a Broncos game before I press the pedal to the metal to make it to Santa Fe, Phoenix, Sacramento, Carson City, Salt Lake City north to Helena west to Boise, north to Salem and finally, I arrive in Olympia, Washington where there’s a parade in my honor with Bigfoot serving as the grand marshal. All total I’ve driven 13,105 miles in 218 hours, roughly 9 days.
But wait, there’s more. I feel so good that I put the car in reverse and drive back to Augusta which would make it a 26,210 miles round trip in 436 hours, roughly 18 days. Boy am I tired!
And now I’m gonna get crazy! I’m going to place one dollar bills on the road, line them end to end during my entire journey. Zoom. Ok, its 18 days later and I’m back. I have just placed on the road 276,777,600 dollars! Wow! That’s a lot of money! Or, is it?
I forgot to tell you that my Trans Am is also a time machine, using a misapplied principle of Einstein. The more I drive time itself begins going backwards! The hours pass by swiftly, then the days and months become a blur. The Earth starts spinning around the sun and I am now driving my car in a different millennia!
According to the US National Debt Clock we owe approximately $11,100,000,000,000. On my drives, what would it take to equal that staggering amount? Well, going on round trips from Augusta to Olympia, dropping one dollar bills from my Trans Am and going back in time I will have made a total of 40,104 round trips which comes to about 721,872 days or 1,978 years which would make it about 31 AD when I could have heard in person Christ say “For where your treasure is, there your heart will be also.”
So, how do we fix this mess? Beats me. I’m unemployed right now so I’m not the one to give financial advice. Is there a way to pay off these bills? I hate to say this but probably not. This message is intended for future generations. This is my way of saying “Sorry we gave you such an insurmountable debt and, take my advice, don’t spend what you don’t have.” -The End-
Jason Goldtrap is not a politician, lawyer, activist or anything else. I’m just a regular guy. I am an author from Central Florida. My novels can be viewed online at www.JasonGoldtrap.com. My novel “Teen Girl From Mars” is a optimistic, romantic, funny story about a sixteen-year-old girl living on Mars in the year 2191. My story is clean, values oriented, funny, adventurous and heartwarming. JasonGoldtrap.com for more info.
Duration : 0:2:50
$78.8 Trillion; United States Debt Obligations exceed world GDP; Monetary Collapse Looming?
How in the world are we going to pay off all of this debt? Raising taxes to do it would burden our economy, and then the situation would only get worse. To me the solution is obvious, cut spending.
For too long in this country we’ve had the give-me-stuff people standing there with their hand out, and the government putting something in it. Does the idea of small government ring a bell? It is what our founding Fathers had in mind when they gave us our constitution. That is why there is a list in the constitution that quite clearly spells out the powers of the federal government, and also what it is not allowed to do. So basically if it was not listed as a power, then they are to stay away from it, and allow the States to handle it.
Just take a look at federal laws. At the very beginning they will state their authority in enacting the law, and it is almost always the commerce clause. I’m sure they even think that just because your computer is hooked up to the internet, and therefore has contact with other computers in other States, that they then would have the constitutional right of regulating your computer, and thereby your internet communications; they are out of control.
jbranstetter04
Federal obligations exceed world GDP
Does $65.5 trillion terrify anyone yet?
As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.
The total U.S. obligations, including Social Security and Medicare benefits to be paid in the future, effectively have placed the U.S. government in bankruptcy, even before new continuing social welfare obligation embedded in the massive spending plan are taken into account.
The real 2008 federal budget deficit was $5.1 trillion, not the $455 billion previously reported by the Congressional Budget Office, according to the “2008 Financial Report of the United States Government” as released by the U.S. Department of Treasury.
The difference between the $455 billion “official” budget deficit numbers and the $5.1 trillion budget deficit cited by “2008 Financial Report of the United States Government” is that the official budget deficit is calculated on a cash basis, where all tax receipts, including Social Security tax receipts, are used to pay government liabilities as they occur.
But the numbers in the 2008 report are calculated on a GAAP basis (“Generally Accepted Accounting
Practices”) that include year-for-year changes in the net present value of unfunded liabilities in social insurance programs such as Social Security and Medicare.
Under cash accounting, the government makes no provision for future Social Security and Medicare benefits in the year in which those benefits accrue.
“As bad as 2008 was, the $455 billion budget deficit on a cash basis and the $5.1 trillion federal budget deficit on a GAAP accounting basis does not reflect any significant money [from] the financial bailout or Troubled Asset Relief Program, or TARP, which was approved after the close of the fiscal year,” economist John Williams, who publishes the Internet website Shadow Government Statistics, told WND.
“The Congressional Budget Office estimated the fiscal year 2009 budget deficit as being $1.2 trillion on a cash basis and that was before taking into consideration the full costs of the war in Iraq and Afghanistan, before the cost of the Obama nearly $800 billion economic stimulus plan, or the cost of the second $350 billion in TARP funds, as well as all current bailouts being contemplated by the U.S. Treasury and Federal Reserve,” he said.
“The federal government’s deficit is hemorrhaging at a pace which threatens the viability of the financial system,” Williams added. “The popularly reported 2009 [deficit] will clearly exceed $2 trillion on a cash basis and that full amount has to be funded by Treasury borrowing.
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=88851
Duration : 0:1:41
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