What do they think

I just will first start with 2 numbers

3 800 000 000 000

1 300 000 000 000

Now let’s see how this numbers are “related.” Let’s see
1 300 000 000 000 / 3 800 000 000 000 = 0.34211

or in per cent 34.211 %.

So what?

Well the US budget consists of 34.21% new debts.

Let me break it down for you.
You are earning 66 000 Dollar and you “spend” “100 000” Dollar.

The calculate the deficit will go down to 700 000 000 000 in 2014 (see http://www.usatoday.com/news/washington/2010-02-01-budget-obama_N.htm)

Let us assume a linea decrease over this 4 years so we’d have roughly 1.3 + 0.7 = 2.0 / 2 = 1.0
So overall 1 000 000 000 000 new debts over the next four years for every coming year.

The official debts of the US are nearing the 14 000 000 000 000. So we add another 4 / 14 = 28.6 % to this enourmous sum. And this are just the official figures.
Not included are every promise for retirement payments and probably a few thousand other “things.”

For just the 4 000 000 000 000 in the next 4 years the US will have to pay (assuming 5% interest) 200 000 000 000 a year. Just to get that “figure” right The German overall budget is
around 389 000 000 000. The overall interest to be paid will go up to 18 000 000 000 000 * 0.05 = 900 000 000 000

Let as assume that the budget will not grow (ha ha ha). So in 2014 the US has to pay 900 000 000 000 / 3 800 000 000 000 = 23.7 %

Nothing can grow forever and so they still face a new debts in 2014 than the end is near. It would mean the new debts of roughly 1 trillion is needed to just pay the interests. It’s absolutely impossible to bear. You can not us new debts to pay all debs for “long”. One still has to remember each year the interest raised around nearly a trillions. So something will happen. Past times show, inflation is the most likely outcome which let’s back to my My Predictions

Just see how others react on such debt avalanches: http://news.bbc.co.uk/2/hi/business/8518438.stm. See that the is the world largest holder of governement bonds all over the world.
See some discussions about the implications at: http://www.federalbudget.com/

It’s worse than I could ever imagine. And it has started with “just” the 700 billions of Paulson…. I’ve always written against this kind of madness. But you know the deledefs know “better”….

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