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“It” Is Scarier Than Anything Stephen King Has Ever Written
www.SurvivingCalifornia.com ^ | January 1, 2011 | Bobbo

Posted on 01/04/2011 9:45:45 AM PST by survivingcalifornia

A couple of days ago I posted this original article on my blog about the huge problem coming with the 'real' national debt. Several people wanted me to post it here so I hope you find it as interesting:

We here at Surviving California have been asking our friends for the last several years a question…and “it” has surprised us that no one else seems to be asking “it”. Either “it” is a very dumb question (a real possibility consider our history) or people have been in a self-induced fog preventing them from realizing the immensity of “it”.

When we discovered usdebtclock.org about 4 or 5 years ago, “it” was one of the first things we noticed…mostly because no one was talking about “it” and “it” was really big then. And now “it” has grown out of proportion to anything else.

What is “it”, you ask?

How many of you guessed that “it” was the National Debt?

Yeah, that’s what everyone talks about and why that isn’t “it”. No…the National Debt is only approaching $14 Trillion.

If this interests you and you would like to read the rest of the article, please go to:

http://survivingcalifornia.wordpress.com/2011/01/01/it-is-scarier-than-anything-stephen-king-has-ever-written/

Hope everyone is having a good start to the new year.


TOPICS: Government; Politics
KEYWORDS: blogpimp; debt; liabilities; national; unfunded
I am wondering if you are finding this too? That the general public is not yet fully understanding what the national debt is, what it encompasses, and what this huge millstone around our country's neck means for our future?
1 posted on 01/04/2011 9:45:52 AM PST by survivingcalifornia
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To: survivingcalifornia

Idiots buy more HD TV’s from a better brainwashing experience. You have idiots on FR defending TV. The more Tv Americans got - the more freedom they lost. Most have no clue.


2 posted on 01/04/2011 9:49:33 AM PST by Frantzie (Slaves do not have freedom only the illusion of freedom & their cable TV to drool at)
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To: survivingcalifornia
"If this interests you and you would like to read the rest of the article, please go to: "

If you want FReepers to become acquainted with your work, why don't you just post it here, and let us read it?
3 posted on 01/04/2011 9:51:12 AM PST by shibumi (Sleeping amphibians are TASTY! (burp!))
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To: survivingcalifornia

This is only the CURRENT National debt.

It is like your credit card maxed out... to the max.

But it does not include the FUTURE CONTRACTUALLY OBLIGATED PAYOUTS you already have planned. There is something like $100Trillion in things ALREADY COMMITTED TO


4 posted on 01/04/2011 9:53:40 AM PST by Mr. K
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To: Mr. K

Common sense dictates that the medicare prescription benefit passed by Bush, with 17 trillion in unfunded liability, be canceled.

But no one is discussing that. It’s very nice that President Bush wanted to give seniors their prescription drugs. But without regard to the cost?


5 posted on 01/04/2011 9:56:17 AM PST by Williams (It's the policies, stupid.)
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To: survivingcalifornia

The first thing we need to do is increase our domestic daily oil production capacity to at least 10 million barrels a day. After that we abolish the IRS and start a 10 flat tax. Then Congress goes home for two years.


6 posted on 01/04/2011 9:57:00 AM PST by isthisnickcool (Sharia? No thanks.)
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To: shibumi; survivingcalifornia

I can’t stand blog pimps.


7 posted on 01/04/2011 9:57:35 AM PST by TalonDJ
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To: survivingcalifornia

The national debt is way beyond the bounds of human comprehension. And that’s not hyperbole, they’ve done shrink test on people’s ability to comprehend numbers and quantities, and as the numbers get bigger the comprehension gets fuzzier, and that fuzz starts to set in actually very quickly for all but the really mathematically inclined. By the time you get past a million of anything (dollars, jujubes, whatever) the human mind basically just thinks of it as “a very large amount” and doesn’t even try comprehend it on a specific level. So without a dramatic change in the basic underpinnings of the human mind the general populace will never really understand the national debt.


8 posted on 01/04/2011 10:01:22 AM PST by discostu (this is defninitely not my confused face)
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To: survivingcalifornia

“it” is just the last two letters of what will soon hit the fan, government (funded and unfunded) liability-wise.


9 posted on 01/04/2011 10:04:49 AM PST by OB1kNOb (You are free to choose your actions, but never the resulting consequences.)
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To: Mr. K

Accrued liabilities must be shown on every corporate balance sheet but not the government’s. Devin Nunes has a bill requiring states and cities to publish their pension liabilities before they can float new bonds. The bill also prohibits bailouts to the states or cities.

A scary story I saw on Big Government said that the Fed might actually buy state/city bonds and there’s nothing we can do about it.

Abolish the Fed! Ron Paul get on top of this ASAP!


10 posted on 01/04/2011 10:08:54 AM PST by TenthAmendmentChampion (Darwinism is to Genesis as Global Warming is to Revelations.)
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To: survivingcalifornia

We have been using Fiat Currency for the last 40 years, and most of the “debt” we have piled up is essentially “Fiat Debt”. We need to fix the currency system, and write off the “Fiat Debt” but it is going to hurt, badly.

But it is the only way to fix this problem...


11 posted on 01/04/2011 10:15:23 AM PST by GraceG
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To: Mr. K

you must not have clicked on the link to the entire article, right? That is exactly where I go. It is now over $100 Trillion dollars. And that is not including the student loans, etc. out there.


12 posted on 01/04/2011 10:29:21 AM PST by survivingcalifornia (ultra-newbie)
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To: shibumi

Wasn’t sure if I was supposed to or not. I didn’t want to be known as an attention grabbing wh@(#.

I love it here but mostly stay in the background because of all the talent here.


13 posted on 01/04/2011 10:31:52 AM PST by survivingcalifornia (ultra-newbie)
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To: isthisnickcool

I like your thinking!

Esp. re IRS!

there are better ways of collecting taxes...unless you are wanting social control and engineering.


14 posted on 01/04/2011 10:33:57 AM PST by survivingcalifornia (ultra-newbie)
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To: survivingcalifornia

Most people are not freepers. You must be new here.


15 posted on 01/04/2011 10:37:18 AM PST by Neoliberalnot ((Read "The Grey Book" for an alternative to corruption in DC))
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To: survivingcalifornia

Oh, this isn’t about some new wonderful mode of transportation?


16 posted on 01/04/2011 10:40:00 AM PST by Hatteras
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To: TalonDJ

Wow! You asked me why I didn’t post it here and then you unloload on me without even waiting for a response from me.

You may have a problem with blog pimps, but I have a problem with impatient know-it-alls that don’t give grace to someone new.

I thought I was doing it correctly by not putting the whole post there. I thought it was just supposed to be a blurb. All you had to do was help me out and let me know.

You are so inviting to newcomers. With an attitude like yours, the conservative movement will languish forever.


17 posted on 01/04/2011 10:42:27 AM PST by survivingcalifornia (ultra-newbie)
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To: discostu

Good point. And I agree whole heartedly.


18 posted on 01/04/2011 10:43:48 AM PST by survivingcalifornia (ultra-newbie)
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To: Neoliberalnot

Yes, I am. Not new to the cause, though. Not trying just to get hits to my blog but my profile lists my contributions to the conservative movement over the years. I have been pretty much silent for the last decade.


19 posted on 01/04/2011 10:47:19 AM PST by survivingcalifornia (ultra-newbie)
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To: Neoliberalnot

About $,243,000 per taxpayer over the next 30 years with no new debt added!


20 posted on 01/04/2011 10:49:56 AM PST by BillM
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To: BillM

OOPS

About $1,243,000 per taxpayer over the next 30 years with no new debt added!


21 posted on 01/04/2011 10:55:31 AM PST by BillM
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To: Mr. K
There is something like $100Trillion in things ALREADY COMMITTED TO

Yep, the unfunded liabilities. Last report I saw put it at $112 trillion. Mind-boggling.

22 posted on 01/04/2011 11:00:14 AM PST by kevao
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To: OB1kNOb

HAHA! I wished I would have thought of that one!

Thanks for the laugh. I really needed it today.


23 posted on 01/04/2011 11:42:25 AM PST by survivingcalifornia (ultra-newbie)
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To: survivingcalifornia
Even Glen Beck listeners know this, the government has passed laws that are impossible to fulfill, we are not able to pay what has been promised.

SS, Medicare, public employee retirement bennies, and all the other benefits are just not going to be paid.

The question is not how much unfunded liabilities we have, the question is what happens.

Right now the government via the Fed is kicking the can and inflating (devaluing the currency) hoping for a short term fix. It cannot work, the elephant is too big.

So we either get serious about the problems and start on a 20 year plan to fix our economy or we are facing hyper inflation or a deflationary depression. We may end up with either/both anyway. Our leaders are doing such a disservice by leading us to believe that we can somehow fix this scenario without major changes in the way we operate in the US.

I hope for the best but fear the worst.

schu

24 posted on 01/04/2011 11:44:12 AM PST by schu
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To: BillM

Yes, that is what I wrote about further into the article. Sorry, I didn’t understand the exact etiquette in posting.

It is $100 Trillion NOT INCLUDING student loans, etc.


25 posted on 01/04/2011 11:45:50 AM PST by survivingcalifornia (ultra-newbie)
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To: survivingcalifornia; humblegunner

You have violated the blogpimp code.

1) You posted the entire blog text. Tsk Tsk
2) You actually responded on this forum instead of remaining on your own blog site waiting for comments there. Sigh.

That, and there isn’t even a post by Humblegunner in the thread.


26 posted on 01/04/2011 11:51:33 AM PST by GreenAccord (Bakon Akbar!)
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To: GreenAccord

No! Really! I didn’t. I think that is the problem. I had the tradition backwards. I only posted the first part of it thinking that if people liked it, then they would click through.

Guess I still think in “old school” from when memory was more ‘expensive’.

:-))


27 posted on 01/04/2011 1:09:01 PM PST by survivingcalifornia (ultra-newbie)
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To: survivingcalifornia

I have to laugh at all the self-appointed little “hall-monitors” (and you know who you are) that are so quick to complain about an excerpted blog or vanity in a section called “bloggers & personal”. Perhaps we should get them a special sash, or a top-hat with a badge so they can feel even more important about themselves as they make their appointed rounds, keeping the halls of freerepublic.com clear of... what, new contributors?

All kidding aside, just post your content and ignore the Barney Fifes. There are plenty of us lurkers who *DO* appreciate your contributions, whether excerpted or not.


28 posted on 01/04/2011 1:39:25 PM PST by jaydee770
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