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~ The greatest lack in this world is compassion and care ~

~ The greatest lack in this world is compassion and care ~
♥ Campaigning for global peace, healing and taking care of the world we live in ♥

Monday, 26 July 2010

$78.8 Trillion US Debt Obligation

Do you really care about your country and the world we live in?

Do you really want to live in peace?

We must be willing to look at what is obstructing peace!



National debt has been incurred and is escalating. We cannot afford to ignore the reality. When we look at the truth and the bigger picture, the illusion of what we have been conditioned to believe, will transform and change with new awareness.

Fox News report in 2009 - we are now in 2010, with national debt increasing.

$78.8 Trillion; United States Debt Obligations - How is this going to be paid?

The debt incurred breaks down as following:

$7.8 trillion owed by the public.
$16 trillion U.S. insurance guarantees
$55 trillion in future Social Security and Medicaid obligations.

The U.S. debt of $78.8 trillion actually exceedes world GDP $78.4 trillion in 2008

GDP - Gross Domestic Product. The total market value of all final goods and services produced in a country in a given year http://www.investorwords.com/2153/GDP.html

If we are all responsible for our own spending and lived within our means, debt would not be incurred. For almost 50 years I have watched politicians make decisions at huge financial cost to people. People are expected to pay taxes - this should cover healthcare, education, water and even utilities.

War is fueled by an alleged threat. War is big profit for the corporations involved; they know it! Insurance is big business. Big Pharma is Big Profit. Do not blame just banks for the global crisis. Look at who is blatantly exploiting for profit.

Being of the understanding the Federal Reserve is a private bank - as a corporation then it is not your responsibility to pay their taxes. I am not negating this issue. However decisions for war costing over $ trillion - comes at a cost to the people.

Any bank can call in their debt at any time. What will US do, take control of another planet? If only our governments were honest and transparent! We must be alarmed at the debt 'borrowed' knowing someone else will foot the bill.

Article by Pauline Maria
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