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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ALERT ALERT

YIKES!!! Chelsea Clinton Emphatically States A Person With A Beard And A Penis Can ‘Absolutely’ Identify As A Woman

  • The one issue Hillary and Chelsea don’t appear to agree on entirely is transgender self-identification
  • In an interview with The Sunday Times, journalist Decca Aitkenhead asked the Clintons about transgender self-identification
  • Chelsea Clinton replied ‘yes’ emphatically when asked if someone with a beard and penis can ever be a woman
  • ‘It’s going to take a lot more time and effort to understand what it means to be defining yourself differently,’ Hillary said
  • Aitkenhead said Hillary became ‘uneasy’ when the question was asked while Chelsea shot a ‘furious stare’ at the journalist as her mother answered
  • Hillary added: ‘It’s a very big generational discussion, because this is not something I grew up with or ever saw’

(Daily Mail) – It may appear Hillary and Chelsea Clinton always see eye-to-eye, but in a recent interview one topic cracked the facade of the like-minded mother-daughter power duo.

The one issue Hillary and Chelsea don’t appear to agree on entirely is transgender self-identification.

In an interview with The Sunday Times, journalist Decca Aitkenhead asked the Clintons if someone with a beard and a penis can ever be a woman, to which Chelsea replied emphatically, ‘Yes.’

However, as Aitkenhead describes it, Hillary looked ‘uneasy’, and blamed generational gaps for being less accepting.

‘Errr. I’m just learning about this,’ Hillary responded. ‘It’s a very big generational discussion, because this is not something I grew up with or ever saw. It’s going to take a lot more time and effort to understand what it means to be defining yourself differently.’

The Clintons sat sown with Aitkenhead to promote the book they co-authored, The Book of Gutsy Women: Favorite Stories of Courage and Resilience.

The book features Danica Roem, the first trans woman elected to a U.S. state legislature.

According Aitkenhead’s account, she tells Hillary during the interview that many British feminists of Hillary’s generation have a problem with the idea that a ‘lesbian who doesn’t want to sleep with someone who has a penis is transphobic.’

Hillary nods in agreement, while Chelsea ‘stiffens and stares at me’, according to Aitkenhead.

The journalist then adds that many women of Hillary’s generation are uncomfortable with biological males sharing women’s bathrooms.

‘I would say that, absolutely,’ Hillary nods firmly. ‘Absolutely. Yes.’

That’s when Chelsea begins shooting a ‘furious stare’ at Aitkenhead, who points it out to her.

‘I’m a terrible actor’, Chelsea laughs.

Chelsea then says she is thrilled with the National Health Service’s decision to assign patients to single-sex wards according to the gender they identify as, instead of their biological make up.

‘How can you treat someone if you don’t recognize who they feel and know in their core they are?’ Chelsea says.

‘And I strongly support children being able to play on the sports teams that match their own gender identity,’ she adds. ‘I think we need to be doing everything we can to support kids in being whoever they know themselves to be and discovering who they are.’

At this point Hillary looks conflicted.

‘I think you’ve got to be sensitive to how difficult this is,’ Hillary says. ‘There are women who’d say [to a trans woman], ”You know what, you’ve never had the kind of life experiences that I’ve had. So I respect who you are, but don’t tell me you’re the same as me.” I hear that conversation all the time.’

Despite the clear tension in the room, the pair say they don’t argue about this topic.

But according to Aitkenhead, ‘I get the impression they don’t like to present anything less than a united front to the world.’

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