War and welfare

According to the US Treasury Department on 06/06/2016 our national debt is broken down as follows:

Current Debt Held by the Public Intragovernmental Holdings:

  • $5,339,408,069,441.67

Debt Held by the Public

  • $13,881,076,487,922.93

Total Public Debt Outstanding:

  • $19,220,484,557,364.60

We currently do not have enough money to pay off our debts.  If you look at Shadow Stats’  you see an estimate of the most aggressive definition of the money our entire economy is supporting — about $17T.  You can then deduce that America is over two trillion dollars short of being able to pay off our debts.

President Obama, please stop growing your warfare/welfare state.

 

 

 

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