The Trillion $$$ Dollar U.S. Economic Deficit Caused By Our Government

The government has acquired trillions of dollars in debt and no one knows how we can pay it back without destroying our own economy to do so.

Something must be done to preserve free enterprise in America.

The voices of businesses and workers must be unified to speak in a voice so loud that our elected officials will be forced to listen.

Beginning September 22, 2009, we will.

The private sector of our economy is comprised of 5 million companies and 115 million workers. The private sector pays 85% of all taxes and is being burdened by our government with unsustainable levels of operating deficits and ever-increasing debt. Help preserve our fiscal policy and free enterprise system by reducing wasteful government entitlements.

Category:

News & Politics

Tags:

• government entitlement
• inflation
• social security

[webchic00]

paying the debt off is easy - the hard part is balancing the budget. Do that for 50 years and the debt will be easy to pay off.

[freeenterpriseworks4]

Which of FEN's top 5 economic threats do you think the President should focus the most on? (1) Hidden Cost of Government (2) Social Security crisis (3) Government Coerced-unionization (4) Pending Healthcare "reform" legislation (5) Government's unrestrained spending, debt and taxation?

[deltaalpha21074]

Does'nt matter;why cause US Govt wants to create nothing but a Communistic Regime and hand that over to foreign Countrys. Already Foriegn banks own most of USA debt..next thing will be selling of Real Estate to pay for this debt.

MONOPOLY ---Real Life--first to go will be California. Watch!!!

[freeenterpriseworks4]

Chapter 9 was developed following the Great Depression, and protects troubled municipalities from creditors while they find ways to pay off their debts. Since being enacted in 1934, there have been 600 Chapter 9 cases filed, the largest of which was Orange County, California in 1994. More recent examples include the city of Vallejo(CA), which filed in 2008 and is using bankruptcy court to try and rework union contracts, and the Sierra Kings Health District in Reedley(CA) which filed in Oct 2009

[00chevrolet00]

Time to over turn this piece of shit system!

[freeenterpriseworks4]

We need people like YOU to join us and advocate for the economic interests of the private sector!

[bootylicification]

@webchic00

The debt when George W. Bush took office was $5.727 Trillion when he left it was $10.627 Trillion. The total debt that George W accumulated in eight years of office is $4.9 Trillion The debt right now is $13.018 Trillion. In approximately 490 days in office, he has accumulated $2.391 Trillion. Using simple algebra, you'll find that Obama will have accumulated in 2.75 years (Sept 2011) what George W. did in 8 years.

[LelouchCommandsYou]

someone told me the debt is a scam to get more money from the people. i wouldnt be suprised. but i would find it unlikely.

[akphidelt2007]

Oh puhlease... a trillion dollars is really not that "jaw dropping" of a number when referring to overall economic conditions of America. We have 310 million people in this country not including all the international trade we do (which amounts to trillions). That's only $3,225 per person. And the Government's debt is not money the Govt owes us, it's money we owe the Govt because the Govt is us. Learn the basics of the economy and you will understand how a lot of your fears are ignorant.

[MrFoofy]

Here's what I think is happening. K so, we're under a mountain of debt. We are currently printing money at a reckless rate, causing inflation to set in. Because of the inflation, it's not actually the amount we owe that's increasing rapidly. The situation is we're trying to pay it off with wildly inflated currency. We're essentially chasing a total amount of value that we can't equal unless we fix the inflation issue with the dollar (end the fed!)

[GunBroker100]

And here we are three years later. The debt ceiling of 14.7 Trillion dollars has been achieved and the government is now in danger of defaulting on the loans. Now the creative financing,( remember the housing sub-prime fiasco?) truly begins. The sub prime mess will be nothing compared to the nightmare this will be for the American taxpayer. The brunt of this will be born by the Elderly and poor. As DEEP cuts will be made to Social Security and Welfare payments.

[deltaalpha21074]

What is worse than this is the "BIG LIE" that OIL will last for next 10 years....Guess what you are in serious, serious; trouble and GASOLINE IS now on a Limited shelf Life...I see it folding in 8 years.

[LambChowder1]

@freeenterpriseworks4  """""reform""""" oooh scary quotes

[LambChowder1]

@deltaalpha21074 look at this mouthbreather and you see the face of america