http://www.usdebtclock.org/
That's right! At this writing, $18.903 TRILLION !
Why is it important to pay it? Because the annual interest tag on that dept is almost $1 TRILLION.
That $1 TRILLION in interest is the simple reason why our economy CAN'T get better. It is money being shipped-out, instead of being re-invested in the economy.
The more debt we generate by paying relief of various sorts out to our financially- strapped citizenry, the bigger the problem gets, and the closer we creep to total national bankruptcy and internal social chaos and calamity: You'll NEED a rack of those guns the liberals don't want you to have to keep your own neighbors from shooting your children and stealing your gasoline and canned food, if society breaks down and government can't afford to operate because of a crushing debt load!
To understand the size of the problem, let's start with New Jersey ...
PART ONE OF THE ANALYSIS
According to Morningstar, an independent investment research think tank, by the end of 2012 New Jersey had functionally borrowed from New Jersey's pension fund the sum of $46.65 BILLION, by simply illegally breaking contracts with State employees by paying taxes collected to FUND the State pension system toward OTHER things, to buy voters' votes.
Governor Christie and cooperating legislators in both parties would flip their lids, on reading this, turn red, start shaking, and angrily answer, "Gobbledigook! Gobbledigook! Gobbledigook! Gobbledigook! Gobbledigook! Gobbledigook!" And State deputy attorney generals would flip their lids, on reading this, turn red, start shaking, and angrily answer, "Legal gobbledigook! Legal gobbledigook! Legal gobbledigook! Legal gobbledigook! Legal gobbledigook! Legal gobbledigook!"
But my analysis above is absolutely true, no matter what they say.
That comes out to $5,235 of debt owed to New Jersey public employees -- including police and firemen! -- by each man, each woman, each child and each baby in New Jersey.
What is Presidential candidate New Jersey Governor Christie's attitude toward the debt?
Well, a few years ago, as he carefully and illegally broke the contract with State and local government employees by withholding State funds, he supported WASTING $300 MILLION in pension fund money on that failed Revel casino in Atlantic City.
And now he is supporting WASTING $1.5 BILLION in State revenue not to be paid into the sickly pension fund, creeping toward bankruptcy, on that NORTH JERSEY casinos.
And when State employees objected to wasting these jillions of extra dollars on bankruptcy-prone casinos, instead of paying money toward State obligations, what did Governor Christie answer?
Well, read the headlines:
Gov. Christie derides plan for New Jersey constitutional amendment on pension contributions
N.J. cop Christie called 'pension pig' sends warning to N.H. police
Christie back on trail after assailing move to fund state pension
This isn't Governor Christie refusing to make some gift to the New Jersey pension system.
This is Governor Christie refusing to pay into the pension system the money the State's own employment contract with its employees, written by the State, PROMISED to pay into the pension system, IN RETURN FOR THEIR WORK.
Currently, today, as we speak, the State of New Jersey arrests, and prosecutes for embezzlement, employers who steal from their employees.
And yet, Governor Christie is doing EXACTLY THAT!
AND, he is doing it WHILE he supports $1.5 BILLION in State funds being blown on more casinos, this time in NORTH Jersey.
PART TWO OF THE ANALYSIS
Now, let's look at the current FEDERAL debt, compare it to the current NEW JERSEY debt, and determine if it would be a SMALLER or LARGER problem for Governor Christie or any other candidate who achieves the White House.
Remember that it is the interest which we are paying each year on this crippling federal debt which is keeping us all jobless and poor, poor, poor, so that non-tax-paying rich get richer, and we get poorer and poorer.
As we said above, the current federal debt is $18.903 TRILLION.
Is that more debt, or less debt, per person, than the $5,235 per person Governor Christie CAN'T pay?
$18.903 TRILLION
___________________ = $59,820 per person
316 BILLION people
That's $59,820 for each man, woman, child and baby in the United States! PER PERSON, the federal problem is more than TEN TIMES AS BIG.
Conclusion: The presidential candidates in BOTH parties -- ESPECIALLY Governor Christie, who can't govern his own state without continuing to filch money from his employees -- ALL know this, and know that they won't do anything about it. They are all hoping against hope that you are all too damn stupid to understand this. And so they campaign by promising empty, lying promises to us and saying bad things about each other, all of it meaningless.
They are like lying children on the beach outside of Fukishima nuclear plant, fist-fighting with each other on the beach over who gets the title "the Boss,", while a mighty tidal wave approaches from the east to drown and kill all of us.
I can't scream this loud enough: WE HAVE TO PAY OUR BILLS !
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