Exclusive to OpEdNews:
OpEdNews Op Eds

Fed Debt Usury Plan; or FeD UP:

By       Message Mike Folkerth     Permalink
      (Page 1 of 1 pages)
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) , Add Tags  (less...) Add to My Group(s)

View Ratings | Rate It


- Advertisement -

Well, I’ve done it. I’ve come up with an answer for paying off both the funded and unfunded federal debt. I knew there had to be a way and just this morning, the solution occurred to me. There it was all the time; hiding in plain sight.

I did the math and the total federal debt owed in the U.S. is only $109.2 trillion. Mind you, this is not your personal debt, state debt, county debt, or local community debt…so you will continue to owe those until I figure out a solution for all debt.

But, once we pay off the federal debt, we can concentrate on the light weight stuff.

If every man woman and child in the U.S. will simply send in $360,666.67 today, the debt is a thing of the past; until tomorrow when interest and spending will accumulate more debt, so hurry up and write the checks.

To help you with the math, I will provide an example for a married couple who have three children in school and both husband and wife have retired parents with no ability to pay. That makes you responsible to send in money for the nine people in your direct linage.

That also makes your share today, only $3, 246,000.03. Should you have an old uncle or aunt with no family, you should split their portion with your brothers and sisters. If your brothers and sisters aren’t working, in all fairness, you should probably kick in their share.

Also you should add, say another $20,000, to cover your share of your Congress person, because they aren’t working either.

There you have it…the instant debt reduction plan. What’s that? You don’t have three million dollars in you checking account? Okay, I can solve that with the easy payment plan.

- Advertisement -

In this brisk economy, how much can you afford to put down? Three dollars isn’t much, but we have to start somewhere. You could sell the gas in your lawnmower and come up with another three bucks.

That leaves $3,245,997.03 to finance. We’ll set that up at the low, low interest of 6% fixed and a 30 year payment plan which results in the very affordable payment of $19,461.39 per month for the rest of your life.

Of course, I’m joking about all of this. Not the numbers, they’re real as rain. You would of course have to throw in your house payment, food, auto, insurance and other monthly expenses on top of your federal debt reduction payment. But then, that’s no step for a stepper.

What I’m not joking about, is that it’s impossible. Can’t be done. Out of the question. So why do we not talk about these realities and instead wait like lambs for the slaughter holding out for the next election? It simply defies all logic.

Waiting for the next election is how we arrived at this juncture. I would love to hear from those who see this differently and who truly have a solution that is sane and palatable. I would also love to hear from those who see this in the same light that I do, and ask for your input.

- Advertisement -

Wake up Middle America, your share went up while you were reading this.


- Advertisement -

View Ratings | Rate It

Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Will Our Economy EVER Recover?

Fox News on Georgian Invasion; Not Exactly What They Wanted:

Paradigm Shift; Change Your Life:

U.S. Auto Industry is in Recession:

Housing Predictions:

Choosing Sides; Who Would You Pick?