Wednesday, June 19, 2013

$106 Trillion

Nearly half of our national debt is money that "just disappeared."  Our national debt is around $17 trillion and 9 trillion is missing.  How could this be?  Why don't people care?  Brazil has riots over a 10 cent bus fare increase.  China's credit bubble is unprecedented in world history.

How much is $106 trillion?  I have no idea but I feel pretty certain it will eventually crash our economy.  Some say it already has, we just haven't felt the effects of it yet.

"The figure of $106 trillion is only the medium estimate, or $106,954,000,000,000. Even the lowest, extremely conservative estimate comes in at $72 trillion. The highest debt estimate is over $120 trillion.

In the meantime, White House chief of staff Dennis McDonough, congressional liaison Rob Nabors along with other Obama officials has reiterated that U.S. President Barack Obama's position that the purported $4 trillion in deficit reduction would basically solve the problem for now.

GOP deficit projections, as prepared by Johnson and obtained by National Review Online have revealed the true size of the problem. It's disconcerting considering the many seasoned budget negotiators involved.

The deficit amount is so huge that some controversial reforms appear inconsequential in comparison. Take Obama's "chained CPI" proposal: it would save an estimated $89 billion over ten years, or 1.3 percent of the total deficit over those same ten years.

The Senate GOP projection is for 30 years, which encompasses the retirement of the baby boomers, a far more significant problem than the deficits of the past few years.

"In all of these budget negotiations, we're really trapped by this ten-year budget window, which, truthfully, minimizes the problem," Johnson said.

CBO's long-term budget outlook offers two estimates: the "baseline" scenario and "alternative fiscal scenario."

What do you think?  How does our economy continue to limp along?  What will cause it to crash?  I read John Burns from Kansas on Market Talk and no wonder some farmers are squirreling away cash in a form they think will be useful.

Your thoughts and feelings are always treasured here.  Blogger says I have nearly 800 page views per day right now.  I thank all my readers.  Keep emailing and commenting, please.

Ed Winkle



1 comment:

  1. タオバオ代行:http://jpdaikou.rigouwang.com
    タオバオ代行:http://www.86daikou.com
    タオバオ代行:http://www.tbdaikou.com
    タオバオ代行:http://www.daikounabi.com


    タオバオ代行王:http://www.xn--kcka5d7c415sy78bum4a.biz
    タオバオ代行なび:http://www.xn--q9js7na7hpe397wl8zf.com
    タオバオスズキ:http://www.xn--kckaj1cf0a4j.com
    タオバオ仕入れ:http://www.xn--pbkzca6f0d581uh0d.com
    タオバオ購入方法:http://www.xn--kcka5d7cs03uerza9nkkv6d.com
    タオバオ個人輸入:http://www.xn--kcka5d7cx04s0wbivdu93r.com
    タオバオ使い方:http://www.xn--n8j7ka6f0d596ubs6a.com
    タオバオ日本語:http://www.xn--kcka5d7c6788acvb2w6i.com
    タオバオ代行業者:http://www.xn--kcka5d7c415syj7a2b7ak3n.com
    タオバオ代行格安:http://www.xn--kcka5d7c415sd4pgkudu2d.com
    タオバオ代行隊:http://www.xn--kcka5d7c415sr81eh3ua.com
    タオバオ出品代行:http://www.xn--kcka5d7c415su4dhwfbq9j.net
    タオバオ購入代行:http://www.xn--kcka5d7c415sbfdbr1kh3h.com
    タオバオ代行達人:http://www.xn--kcka5d7cx04s9ga9787a7on.com
    タオバオ代行評価:http://www.xn--kcka5d7c415su6an73vdod.com
    タオバオ代行金:http://www.xn--kcka5d7c415sr81eo6n.com
    タオバオ代行早い:http://www.xn--n8j7ka6f0d922u2x7adr7c.com
    タオバオ代行支払い:http://www.xn--n8j7ka6f0d922uvp2a30epl6g.com
    タオバオ代行センター:http://www.xn--kcka5cnd3hqlrcx049af8xg.com
    タオバオ代行送料:http://www.xn--kcka5d7c415syq2au04c84m.com
    タオバオ代行なび:http://www.xn--q9js7na7hpe397wl8zf.com
    タオバオ購入:http://www.xn--kcka5d7cs03uez0e.com
    タオバオ代行便:http://www.xn--kcka5d7c415szcbn94t.com
    タオバオ代行新幹線:http://www.xn--kcka5d7c415s9stnrl870cswt.com
    中国タオバオ:http://www.xn--kcka5d7c800s0bl.com
    タオバオ出品:http://www.xn--kcka5d7cz17u5qd.com
    タオバオスズキ:http://www.xn--kckaj1cf0a4j.com
    タオバオ出店代行:http://www.xn--kcka5d7c415su4d2v0ari0f.com
    中国代行:http://www.xn--fiq2qv4rxl7c.net
    中国タオバオ代行:http://www.xn--kcka5d7c800sl5ax39ao76g.com
    中国ネットショッピング:http://www.xn--qckn9abx2a7c4ioe8315abjua.com
    taobao代行:http://www.xn--taobao-ux8ig330b.com
    タオバオ代行:http://www.tbdaikou.com
    タオバオ代行:http://www.daikounabi.com
    タオバオ代行比較:http://www.xn--kcka5d7c415sekzbuw3b7hl.biz/

    ReplyDelete