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World’s First “Trillionaire” Offers to Pay Down U.S. National Debt
heritage.org ^ | 10/4/13 | Josh Shepherd

Posted on 10/06/2013 11:04:19 AM PDT by SoFloFreeper

A restaurant manager from Tyler, Texas, briefly became the world’s first trillionaire earlier this week—until his $4 trillion bank balance was found to be an online glitch.

In an interview with KLTV, Reggie Theus said he would have used $3 trillion of his windfall to pay down the national debt.

(Excerpt) Read more at blog.heritage.org ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Political Humor/Cartoons
KEYWORDS: billionaires; debt; nationaldebt; taxes; trillionaire
...every American household would need to contribute $140,000 each to entirely pay down the national debt...
1 posted on 10/06/2013 11:04:20 AM PDT by SoFloFreeper
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To: SoFloFreeper

Pretty nice of him, although that would only leave him $1 Trillion...and who could live on that?


2 posted on 10/06/2013 11:05:15 AM PDT by SoFloFreeper
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To: SoFloFreeper

Certainly not bam bam


3 posted on 10/06/2013 11:06:28 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: SoFloFreeper

Hell, if he had 4 trillion he’d already be paying close to 3 trillion to the govt anyway in taxes.


4 posted on 10/06/2013 11:06:50 AM PDT by diverteach (If I find liberals in heaven after my death.....I WILL BE PISSED!!!)
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To: SoFloFreeper
...until his $4 trillion bank balance was found to be an online glitch.

So, if they can do it why can't the govt.? Just reprogram the PC's and we're out of debt.

5 posted on 10/06/2013 11:07:29 AM PDT by raybbr (I weep over my sons' future in this Godforsaken country.)
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To: SoFloFreeper

Very nice of him, he’s a generous guy.


6 posted on 10/06/2013 11:07:48 AM PDT by 1rudeboy
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To: SoFloFreeper

He’s an enabler.


7 posted on 10/06/2013 11:08:46 AM PDT by Drawsing
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To: SoFloFreeper

I knew I should have gotten into restaurant management.


8 posted on 10/06/2013 11:09:13 AM PDT by TigersEye (Stupid is a Progressive disease.)
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To: SoFloFreeper

if he did that he would be a national hero


9 posted on 10/06/2013 11:09:48 AM PDT by Mr. K (Lies, Damned Lies, Statistics, and then Democrat Talking Points.)
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To: SoFloFreeper

Reggie is going to be in a world of crap when the IRS sends him a tax bill for more than a trillion dollars.


10 posted on 10/06/2013 11:11:41 AM PDT by Oliviaforever
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To: Mr. K

3 trillion is about how much 0bamugabe increases the debt every year so it wouldn’t solve the problem.


11 posted on 10/06/2013 11:11:42 AM PDT by TigersEye (Stupid is a Progressive disease.)
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To: TigersEye

it wouldn’t solve it but it would help


12 posted on 10/06/2013 11:12:26 AM PDT by Mr. K (Lies, Damned Lies, Statistics, and then Democrat Talking Points.)
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To: Mr. K

LOL OK.


13 posted on 10/06/2013 11:14:20 AM PDT by TigersEye (Stupid is a Progressive disease.)
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To: SoFloFreeper
Reggie Theus said he would have used $3 trillion of his windfall to pay down the national debt.

Problem is Congress would also have seen it as a three trillion dollar windall and spent 7.

14 posted on 10/06/2013 11:17:30 AM PDT by Pan_Yan
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To: SoFloFreeper

That’s a false headline. Quotation marks shouldn’t be used by journalists to convey irony or sarcasm.


15 posted on 10/06/2013 11:19:59 AM PDT by familyop
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To: SoFloFreeper
The CBO said that the total of unfunded liabilities totaled $72T. The government took $13.4T out of Social Security. Big numbers mean nothing to our simpleminded bureaucrats.
16 posted on 10/06/2013 11:21:29 AM PDT by mountainlion (Live well for those that did not make it back.)
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To: SoFloFreeper

Pretty soon - we’ll all be trillionaires.

With Fedzilla’s spending habits and no incentives to save - it’ll take $10,000 just to buy a loaf of bread.


17 posted on 10/06/2013 11:22:51 AM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: SoFloFreeper
...every American household would need to contribute $140,000 each to entirely pay down the national debt...

Now add the fact that there are an additional 85 trillion in off the books liabilities for Social Security, Medicare, and other.

Now add in the fact that about half of the households are unable to support themselves.

We are way upside down and the first high wind that comes along will be a disaster.

18 posted on 10/06/2013 11:24:12 AM PDT by oldbrowser (We have a rogue government in Washington)
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To: familyop

Take it up with Heritage.


19 posted on 10/06/2013 11:25:22 AM PDT by SoFloFreeper
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To: SoFloFreeper

Where did he get three of those trillion dollar coins? Better not give Barry any ideas.


20 posted on 10/06/2013 11:50:12 AM PDT by Defiant (A rainbow curtain has descended upon the west, from Munich to San Francisco.)
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21 posted on 10/06/2013 11:52:24 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: raybbr

all the mint has to do is print up a sheet of trillion dollar bills and we’re all set.

i mean bernanke’s been doing this all along.


22 posted on 10/06/2013 11:55:36 AM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: SoFloFreeper; a fool in paradise
I was hoping one of the Zimbabwe trillionaires would do that for us. After all, we liberated them from the genicidal apartheid of Western colonialism!


23 posted on 10/06/2013 12:02:12 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: TigersEye

he could get a lot more bang for his buck if he spent $1Trillion on getting congress to elect all conservatives

a MEGA-PAC to help throw all democraps out- and balance the budget and gut the size of the GOVT and pay off some debt.

with a reserve fund to immediately recall any who turn out to be RINO’s


24 posted on 10/06/2013 12:34:58 PM PDT by Mr. K (Lies, Damned Lies, Statistics, and then Democrat Talking Points.)
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To: SoFloFreeper
until his $4 trillion bank balance was found to be an online glitch.

I hate when that happens

25 posted on 10/06/2013 12:36:30 PM PDT by Fzob (In matters of style, swim with the current; in matters of principle, stand like a rock. Jefferson)
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To: mountainlion

A trillion here, and a trillion there, and pretty soon you’re talking big money...


26 posted on 10/06/2013 12:48:25 PM PDT by fidelis (Zonie and USAF Cold Warrior)
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To: Revolting cat!

Given the way the government is printing money, I think there’s a good chance we all will be trillionaires in the future.


27 posted on 10/06/2013 1:07:49 PM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: Mr. K

if he did that he would be a national hero

Nope. He’d be savaged for not giving it to charity. Unless he says he’s a democrat.


28 posted on 10/06/2013 1:33:47 PM PDT by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: SoFloFreeper

I can’t even remember when I had 4 trillion dollars.


29 posted on 10/06/2013 1:40:56 PM PDT by Misterioso (Was born an atheist 76 years ago and they haven't changed my mind.)
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To: SoFloFreeper

We were so CLOSE!

BTW, what happened to that $1 trillion coin? We only need 17 of them to close the deficit!


30 posted on 10/06/2013 1:48:05 PM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: SoFloFreeper

I’ve never had more than $896,921,235,912.46 in my account.


31 posted on 10/06/2013 2:02:24 PM PDT by Conspiracy Guy (What's the frequency, Kenneth?)
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To: SoFloFreeper

How an international debt jubilee might be engineered.

Perhaps it wasn’t a glitch but a controlled software test. The government engineers a planned period of hyperinflation and then electronically “inflates” everyone’s bank accounts by a certain ratio while keeping old debts at old 2013 dollar levels. Everyone then can pay their old debts and the government institutes a special tax until the public debt is settled while everyone remains with lots of dollars in their accounts.

Sure prices are also very high but then steps are taken to withdraw “electronic” dollars from circulation and also shrink everyone’s bank accounts by a certain ratio but not to the previous levels before the “hyperinflation period” takes place. Prices will fall as there will be fewer dollars chasing goods though they will remain very high relative to the pre”hyper-inflation” period.

However, everyone one will either be millionaires or billionaires relative to what they had before the “hyperinflation” but there will be no more public and private debt...the economy will zoom. Steps are taken to harmonize with other nations who will undertake similar measures with their currencies and voila...even international debts between nations also..just vanish...poof!

The catch: Everyone has to be chipped and marked. Computers and careful regulation control industrial output and financial markets. Run afoul of the system and one is starved out and ostracized until behavioral compliance is again achieved (or one dies or is executed). No freedom as everyone must bow to the whims of those who control the system. All black markets are exposed and attempts to hack the system are squashed harshly with measures that include lethal methods and sentences.

Oh did I say that the ruling elite will be inherently fascist and ruthless. The only freedom anyone will have is to cut all electronic ties and go deep into harsh wilderness areas or regions that make it economically unfeasible to pursue a miscreant...the reasoning being that when you are hungry enough you will surface again....


32 posted on 10/06/2013 2:15:50 PM PDT by mdmathis6
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To: SoFloFreeper

$3 trillion.. almost enough for 1 yr of spending


33 posted on 10/06/2013 2:44:46 PM PDT by sten (fighting tyranny never goes out of style)
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To: SoFloFreeper
A trillion here, a trillion there, before long you're talking Obama money.

The TX trillionaire may not have enough to live on, after a few more trillions of Fed Reserve ink-on-paper dollars are printed it will take a wheelbarrow of $100 bills to buy a loaf of bread. Worthless Reichmarks brought Hitler to power in Germany, now we have our own phoney-baloney money and our own Herr Hitler II.

34 posted on 10/09/2013 9:36:41 PM PDT by epow ( "OOPS" is not in God's vocabulary.)
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