And you thought $16.7trillion was bad... Leading economist says U.S. national debt is actually $86.8TRILLION

The U.S. government's books are in the red by more than $86.8trillion, according to an influential  University of California San Diego economist.

That's a number more than five times as large as the figure acknowledged by the U.S. Treasury and used by government agencies to justify their budgets and spending.

Officially, the debt stands at $16.7trillion, including nearly $12million in debt held by the public in the form of Treasury Bonds, wrote James Hamilton in a working paper for the National Bureau of Economic Research.

But that number doesn't include several 'off-balance sheet' obligations including $54.1trillion in missing funding for Medicare and Social Security, along with support for federal housing, loan guarantees, savings deposit insurance and the cost of actions taken by the Federal Reserve.

'The biggest items in this category come from Social Security and Medicare which, if current policy is maintained, will require enormous sacrifices from future taxpayers,' Hamilton wrote.


Read more: http://www.dailymail.co.uk/news/article-2380987/Leading-economist-s... 

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this is  just anought 1 of the presidents phoney  things

We will never recover from this administration unless someone does something fast. he is pouring economic aid globally to everyone other than Americans.

Yes on purpose we can lose our country by either by war or economics

They will nationalize all retirement and pension funds. Soon.

Wait until about 2025 when the unfunded obligations will hit about 180 Trillion. This is nothing phoney, our country will be so broke, my granddaughters will grow up in poverty.  NATIONAL SUICIDE, if unchecked.

TO HELP U OUT OF DEBT.

1. MAKE OBAMA PAY BACK ALL THE TAXOAYERS MONEY  AND HIS FAMILY SPENTOPN VACATIONS.

2 MAKE MICHEELE PAY BACK THE MONEY SHE SPENT ON CLOTHES THAT SHE DID NOT NEED

  AND LOOK LIKE HECK IN THEM.

3. 20% CUT IN CONGRESS PAY NO RAISE UNLESS VOTED ON BY THERE STATE VOTERS.

4.  30 % CUT IN OBAMAS PAY AND 20% FOR ALL HIS CARZS AND APOINTEES.

They have to be arrested and charged. Obama has to be charged and prosecuted for perjury, as he has usurped and is a squatter in the WH. Everything he has done or sighed will become NULL and VOID. and it will cost him big time.

 

 

Nationalize Obamas income ..send it directly to the IRS with no get out of jail card ..

NEVER HAPPEN.......................... BUT GOOD THOUGHTS

I watched a very disturbing video today that quite frankly is still bothering as i type. The whole gist of this video was basically about 2016 and that we best prepare because because everything that is happening right now with the ovomit administration is planned to insure that ovomit becomes king and hillary for the sake of argument will be vice queen or vice president,what will drive all this is the death of the republican party and any and all directives from the traitor will be law because there will not be the usual form of government,the way it was meant to be. If i can find the video and source i will post it here,i was and still am so angry i deleted it.

This has been in the wind since O became "president" and now they are going to repeal the 2 term law limiting presidentially held terms of office.  The democrats see it as a win.  O sees it as his right to get rid of the constitution and enact Sharia Law in this country.  When that happens, Christians will be targeted along with homosexuals and Mormons.  We will no longer be a Christian country or a free people.  Too bad the idiot socialists think that they are winning with this move.  Actually they will be next on the chopping block.  

I always suspected that the numbers that our government was telling us was wrong.  Specially after the Clinton administration and their creative accounting practices.  Anyone that knows anything about accounting knows you can not account on monies you do not have and can not count on in the future.  The future is uncertain.  Washington needs to learn that the numbers do not lie no matter how you manipulate them.

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JUST IN->  Pelosi Announces House Resolution To Condemn Trump’s ‘Racist, Xenophobic Tweets’

House Speaker Nancy Pelosi (D-CA) announced Monday that Democrats will offer a resolution condemning President Donald Trump’s “racist” tweets against Reps. Alexandria Ocasio-Cortez (D-NY) and Ilhan Omar (D-MN).

Pelosi wrote a letter to House Democrats announcing that they will draft a resolution to condemn Trump’s “racist” tweets against progressive Democrats.

“This weekend, the President went beyond his own low standards using disgraceful language about Members of Congress,” Speaker Nancy Pelosi wrote.

“This morning, the President doubled down on his attacks on our four colleagues suggesting they apologize to him,” she added. “Let me be clear, our Caucus will continue to forcefully respond to these disgusting attacks.”

President Trump taunted the “squad” of far-left first-term progressive Democrats on Sunday, telling them to go back and fix the places they came from before telling the rest of the country what to do.

Trump’s tweets caused an uproar amongst the media and Hollywood celebrity classes, and now, Rep. Sheila Jackson Lee (D–TX) hopes to capitalize on the president’s message by condemning them in Congress.

Lee said she will draft a resolution of condemnation.

“Congresswoman Sheila Jackson Lee will be drafting a Resolution of Condemnation for the words used by President Trump about four members of the House of Representatives over the weekend,” Jackson Lee’s office wrote:

Sheila Jackson Lee  @JacksonLeeTX18

Congresswoman Sheila Jackson Lee will be drafting a Resolution of Condemnation for the words used by President Trump about four members of the House of Representatives over the weekend.

Donald J. Trump  @realDonaldTrump

So interesting to see “Progressive” Democrat Congresswomen, who originally came from countries whose governments are a complete and total catastrophe, the worst, most corrupt and inept anywhere in the world (if they even have a functioning government at all), now loudly......

Donald J. Trump  @realDonaldTrump

So interesting to see “Progressive” Democrat Congresswomen, who originally came from countries whose governments are a complete and total catastrophe, the worst, most corrupt and inept anywhere in the world (if they even have a functioning government at all), now loudly......

Donald J. Trump  @realDonaldTrump

....and viciously telling the people of the United States, the greatest and most powerful Nation on earth, how our government is to be run. Why don’t they go back and help fix the totally broken and crime infested places from which they came. Then come back and show us how....

Donald J. Trump  @realDonaldTrump

....and viciously telling the people of the United States, the greatest and most powerful Nation on earth, how our government is to be run. Why don’t they go back and help fix the totally broken and crime infested places from which they came. Then come back and show us how....

Donald J. Trump  @realDonaldTrump

....it is done. These places need your help badly, you can’t leave fast enough. I’m sure that Nancy Pelosi would be very happy to quickly work out free travel arrangements!

President Trump’s remarks seemed particularly directed at Rep. Ilhan Omar (D-MN), who is a former Somalian refugee.

Omar said Friday that the president “shouldn’t be in office” and told an audience of high school students that America was failing to uphold its promise to be a just society.

Rep. Omar said Trump was “stoking white nationalism” after he tweeted that some progressive congresswomen should “go back” to where they came from.

“You are stoking white nationalism because you are angry that people like us are serving in Congress and fighting against your hate-filled agenda,” Omar wrote:

Ilhan Omar  @IlhanMN


As Members of Congress, the only country we swear an oath to is the United States.

Which is why we are fighting to protect it from the worst, most corrupt and inept president we have ever seen. https://twitter.com/realdonaldtrump/status/1150381394234941448 

Donald J. Trump  @realDonaldTrump

So interesting to see “Progressive” Democrat Congresswomen, who originally came from countries whose governments are a complete and total catastrophe, the worst, most corrupt and inept anywhere in the world (if they even have a functioning government at all), now loudly......

Ilhan Omar  @IlhanMN

You are stoking white nationalism bc you are angry that people like us are serving in Congress and fighting against your hate-filled agenda.

“America's answer to the intolerant man is diversity, the very diversity which our heritage of religious freedom has inspired.” -RFK

Rep. Ocasio-Cortez claimed Monday that President Trump’s remarks serve as the “hallmark language of white supremacists.”

President Trump tweeted Monday that Democrats need to apologize for the “foul language” and “terrible things they have said”:

Donald J. Trump @realDonaldTrump

When will the Radical Left Congresswomen apologize to our Country, the people of Israel and even to the Office of the President, for the foul language they have used, and the terrible things they have said. So many people are angry at them & their horrible & disgusting actions!

Donald J. Trump  @realDonaldTrump

If Democrats want to unite around the foul language & racist hatred spewed from the mouths and actions of these very unpopular & unrepresentative Congresswomen, it will be interesting to see how it plays out. I can tell you that they have made Israel feel abandoned by the U.S.

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