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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (524003)	11/21/2012 11:44:57 PM
From: Wayners	5 Recommendations Read Replies (2) \| Respond to of 793974

Do you have an alternate scenario for the future? I see what I wrote as the only logical conclusion. Entitlement Bill will be $70 to $120 Trillion. 140M taxpayers making an average of $30K. Add in the other $16T all growing exponentially. That's $86T minimum today to be paid for with $30K incomes. That's a debt of $614,000 for the average person that actually pays taxes. Taxpayers are dropping like flies and capital has been leaving the States for 15 years, that's why you see no return of capital from larger corporations. The trends will continue and accelerate. You think somebody making $30K can pay back $614,000 in debt and pay for livinig expenses at the same time over 60 years? Impossible. The Unites Government does not create our own money. They rely on the Federal Reserve to do it. Without taking away the Federal Reserve Act, the United States cannot print their way out it it. They are at the mercy of the Federal Reserve to continue to LOAN the money.

To: LindyBill who wrote (524003)	11/21/2012 11:47:19 PM
From: Wayners	4 Recommendations Respond to of 793974

Conspiracy theory? What I wrote doesn't even meet the definition. A conspiracy theory explains an event as being the result of an alleged plot by a covert group or organization or, more broadly, the idea that important political, social or economic events are the products of secret plots that are largely unknown to the general public. I just laid out the numbers and facts with some ideas on how it could play out. Nothing covert or secret about it. Anybody can see this train wreck coming.