Wake up America
A Gift from the Banks to You

Because
The National Debt belongs to You
 
  The Bureau of Public Debt is a unit of the Department of Treasury, to visit the current government site for debt click here and for interest paid out to the Federal Reserve Bank after clicking here  go to bottom of government page.


  The numbers that are used here are the Total National Debt as listed by the US Treasury Dept. rounded off to the nearest billion This includes the money borrowed from Social Security that needs to be paid back, with interest.

Debt with year and interest payment
Year                    Federal Debt               Yearly  Interest Payment

1960          $  284,000,000,000                $  9,000,000,000
1980          $  930,000,000,000                $ 75,000,000,000
2000          $5,674,000,000,000                $362,000,000,000
2004          $7,379,000,000,000                $322,000,000,000
2005          $7,932,000,000,000                $352,000,000,000
2006          $8,507,000,000,000                $405,872,109,315
2007          $9,007,653,372,262                $429,977,998,108
2008         $10,024,724,896,912                $451,154,049,950
2009         $11,909,829,003,522                $383,363,826,680

Oct 2009 Federal Prime Rate 3.25%, Discount Rate .50%, Fund Rate .25%
When the Fed raises the interest rates the ride will get interesting
In the 1980's the Federal Reserve Banks' Prime Rate was over 20%

  Fiscal year runs from Oct. 1st to Sept. 30. Fiscal year ending 2009 (Sept. 30, 2009) had a total deficit increase of $1,885,094,000,000 yes, deficit just under $2 trillion.   Obama: President
 
The deficit for 2008 was over  $1 trillion.             Bush:  President 
  The deficit for 2007 was over $500 billion.             Bush:  President

  The deficit for 2006 was over $575 billion.             Bush:  President
  The deficit for 2005 was over $553 billion.             Bush:  President

  There are a large number of people who do not understand the correlation between debt and deficit, the definitions for those words have been included.
DEBT: how deep the hole is: the amount of money that has been borrowed.
DEFICIT: how fast the hole is being dug: how much more the government has spent (like a credit card) during the year then the government has received.

  Look at the national debt as if it were an ARM, (Adjustable Mortgage Rate) and we the people as the homeowner. When the Federal Reserve Bank raises the rates in the future our financial problems; because we are the homeowner with the ARM (Adjustable Mortgage Rate,) will become catastrophic.
  The Federal Government debt increase (deficit) through fiscal year 2008 was over $1,017 billion. Unless something changes the total debt (debt with borrowing from Social Security included) will continue to increase by over $1 trillion per year.
  The Federal Government interest expense is going up (interest rates are going up). Interest payout for fiscal year 2005 was $352 billion for 2006 it was $405 billion for 2007 it was $429 billion. (For the Biblical crowd that is a lot of usury.)
  Financially we are little better off then most third world countries. More then 30% of our national debt is owned by China and Japan. Last year they received over 100 billion dollars from the American taxpayer on the interest that was paid out because of the national debt; this year it will be much more. They have been buying U.S. Treasury bonds with the money that we have been using to buy stuff manufactured overseas. (Foreign Trade Deficit over $600 billion in 2005)
  Just think of the repairs that could have been made to the roads, bridges, schools, national parks, Social Security (which will have to be paid back out of the general fund)… if we had not been forced by our elected officials to pay out over $8 trillion interest (usury) on the National Debt since 1980.
  It's hard to imagine it could get worse, but it does, our rulers have loaded us with perpetual debt.
  The 12.4% taken from our paychecks over the years to fund Social Security (over $3 trillion) will have to be replaced from the general fund. What that means to the average person is that the government will eventually have to raise taxes to pay back the money borrowed (taken) from Social Security. Plus (and this is where it gets really sick) we will be forced to pay interest on the money misappropriated ($3 trillion) from Social Security.

  Did you know that Social Security and Medicare are not pensions or legally binding federal obligations? Click Above

  A Bible search using lend*, borrow*, debt*, bribe*, and *justice* was preformed using a computer (* is a wild card symbol when doing computer searches). If the Old Testament is any indication of what happens in the future, there should be a large number of Capital Hill employees (elected officials) working overtime to rectify the problems they manufactured because of the injustices that were created pandering to special interest groups and by writing unfunded feel good legislation.


Chuck Jackson
Editor: scaryreality.com

A strategic deficit plan is an immoral plan

Year      Total Public Debt Outstanding       Interest Paid Out

2008         $10,024,724,896,912              $451,154,049,950