Seventeen trillion in debt
Listen to this articleDear Editor,
17,000,000,000,000.00
The government pays 800 Billion Dollars in interest per year. If the government keeps going further in debt it will cause the dollar to drop in value. The dollar could become worthless. How do the American people pay off 17 trillion dollars?
- 1) Have all Americans, men, women and children pay $54,000 each in taxes. That’s one way.
- 2) Have the American government not go into any more debt. Pay 1 Million every minute for 34 years. This will pay it off.
- 3) Have the government raise taxes by 20% for everyone. This will gain them 1 trillion extra per year. This will pay the debt off in 17 years.
Americans if you don’t like any of these choices you’ll just have to face it that it can never be paid off. The dollar will become worthless. Your IRA and 401K will be worthless. This is what our founding fathers said in The Declaration of Independence, “If our government becomes destructive to our life, liberty and the pursuit of happiness it is the right of the people to alter or abolish that government and institute a new government”. Good Luck.
John Hogue
We are not the typical news website – nor do we wish to be. We will be offering more than news and blogs, but an opportunity for fiction writers, poets, comedians and musicians to showcase their talent and skills. Much like when the Beatles formed Apple Corps Ltd, they opened the door to all kinds of inspiring talent that never really got a shot. From that came the likes of James Taylor and others. We hope by providing a similar approach we can shine the light on some tremendous undiscovered talent and at the same time offer some familiar voices who live in Los Angeles and beyond.
