The American citizen is currently facing economic challenges that are complex and have been years in the making. The official national debt that Americans are told to be in just reached a little bit over US$12 trillion. The truth is, the government has been conducting suicidal spending over many years that that the real national debt has exceeded $73 trillion!
Of course the government does not want you to know that. Here is a complete presentation with charts and true accounting to expose another lie towards the American people – click on Suicidal Spending.
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December 11th, 2009
Elisheva Wiriaatmadja
Posted in
[...] national debt is $12 trillion but apparently some say that the real national debt has reached well over $73 trillion. Additionally, nowadays central banks are allowed to create any amount of currency they want by [...]
[...] the coming bleak decade would be the enormous national debt which is (officially) $12 trillion (or $73 trillion, unofficially). The outstanding consumer credit has indeed decreased, however, it is still as much [...]