Send a Tweet
Most Popular Choices
Share on Facebook 4 Share on Twitter Printer Friendly Page More Sharing
Exclusive to OpEd News:
OpEdNews Op Eds   

Be very scared. Be very angry.

By       (Page 1 of 1 pages)   6 comments
Message G.E. Nordell
Become a Fan
  (2 fans)
The U.S. National Debt is now $8,521,310,000,000.

Not scared by that? The annual interest on that amount (at a ballpark 10%) comes to 850 BILLION dollars - compare that to the cost of the Iraq War, which is 'only' 310 billion dollars over three years. (So far, of course: this does not include off-budget costs, which could reach 2 trillion dollars.)

That interest money is being paid to the Oligarchy in America, from whom we receive no benefit, except their mis-management of everything. This is basically extortion money.

The personal share of the National Debt of U.S. citizens can be computed two ways:

1) Dividing by the current population of 300 million, this comes to $28,400 per person.

This figure has earned the term 'Birth Tax', because every newborn American is saddled with this debt at the moment that they draw their first breath.

So, a family of four owes $113,600. A married couple without children owes $56,800.

2) Dividing by the number of individual taxpayers (135 million), this comes to $63,120 per taxpayer.

In this computation, a family of four owes $126,240. But what is also true is that a married couple with no children likewise owes $126,240.

Nobody who voted for George Bush is exempt. Nobody who voted for John Kerry is exempt. Nobody who stuck their head in the sand and failed their duty as a citizen by not voting at all is exempt. Nobody in diapers is exempt. Nobody in a nursing home is exempt.

And nobody reading this who lives in the U.S.A. is exempt.

Now are you scared? But more importantly, you should be angry.

The Oligarchy has the money, and you all have the debt. And your children and grandchildren ...

[copyright 2006 by Gary Edward Nordell, all rights reserved]

Previously published on the 'Dateline Chamesa' blog.
Rate It | View Ratings

G.E. Nordell Social Media Pages: Facebook Page       Twitter page url on login Profile not filled in       Linked In Page       Instagram page url on login Profile not filled in

author / philosopher / revolutionary G.E. Nordell lives & works in rural New Mexico

Go To Commenting
The views expressed herein 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
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

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

How To Survive The Coming Depression

The 2012 Hoax

Mitch McConnell, King of Cover-Ups

Who Killed Julius Caesar?

The Evil of Dick Cheney

New Homeland Assault Force

To View Comments or Join the Conversation:

Tell A Friend