Gov't debt per person

[Stan]

is

Canada's federal debt based on per person share is $16,420 each.

USA's federal debt based on per person share is $46,148 each.

infö from www.usdebtclock.org and www.debtclock.ca. subject to change

HOWEVER

What this does not say, and should is what is the Gov't assets per person?

All the building, parks, ships and all the other gov't assets.

That info would be needed before 'panic' arose.

[karl]

We've gotta stop picking up the tab for so many of the freeloaders on the planet. All these countries we have military bases in can take care of themselves. All of these countries we are supporting with our hard-earned dollars can pay their own way. All the able-bodied who are collecting disability can get a job.

Make Social Security voluntary. Nobody in their right mind would invest in it as a retirement plan. Just making Social Security voluntary would be a huge boost to our economy because that money would actually be put to use.

The price of liberty is individual, corporate, and national RESPONSIBILITY. What is it about people, busineses and countries paying their own way that is so difficult for our politicians to comprehend? They keep selling our childrens' future for just about any cockamamie spending spree they can think of.

[CoAspen]

Hmmmm, maybe I should move to Canada...owe less money! Such a deal!!!!

Was that per year or if we all paid that at once, could we just skip paying our taxes next year or maybe longer!!!

[Dr. Rich]

Karl, This is a lie! Someone pease tell me how the government can be in debt when all they have to do is make money out of thin air? Congress has the power to coin money so why don't they make a one pound gold coin and put the value on it at 40 trillion dollars and give it to the Federal Reserve and tell them to kiss off?

Look folks, the ONLY reason for income taxes and this alleged debt is TO CONTROL YOU! That's it! And besides, someone please tell me how anyone can pay off a debt with a debt? That's impossible!

The number one foundational problem for the whole world is the issue of money. Since there is no longer any lawful money being used as currency, the United States bill of rights has been done away with. We all are considered 'merchants' and therefore NO ONE can ever own private property again.

But hey, didn't Jesus give us prophecy on all of this? Want your eyes opened? Then take a gander at this: http://www.famguardian.org/Subjects/Taxes/Articles/DispatchOfMerchants.htm

[CoAspen]

Are we slipping into the Twilight Zone again.........

[karl]

Karl, This is a lie! Someone pease tell me how the government can be in debt when all they have to do is make money out of thin air? Congress has the power to coin money so why don't they make a one pound gold coin and put the value on it at 40 trillion dollars and give it to the Federal Reserve and tell them to kiss off?

Look folks, the ONLY reason for income taxes and this alleged debt is TO CONTROL YOU! That's it! And besides, someone please tell me how anyone can pay off a debt with a debt? That's impossible!

The number one foundational problem for the whole world is the issue of money. Since there is no longer any lawful money being used as currency, the United States bill of rights has been done away with. We all are considered 'merchants' and therefore NO ONE can ever own private property again.

But hey, didn't Jesus give us prophecy on all of this? Want your eyes opened? Then take a gander at this: http://www.famguardian.org/Subjects/Taxes/Articles/DispatchOfMerchants.htm

Dr. Rich, I agree with you that the Federal Reserve can create fiat currency practically out of thin air, but there are 2 problems with that. One is that we are the world's reserve currency and it is basically planetary theft for us to devalue our currency. Two is that it is a double whammy on ourselves because not only does it devalue our savings, but we must pay interest on the newly issued currency to the Federal Reserve. Remember that our government ceded this currency-issuing power to the non-governmental Federal Reserve Bank in 1913.

I agree with you that paying off a debt with a debt is absurd. Now, if only we could convince the democratic and most of the republican politicians. This is what the tea party is all about.

[CoAspen]

Quote:

This is what the tea party is all about.

[karl]

Quote:

This is what the tea party is all about.

Non-comment

[phkrause]

The problem I see here, is, that we think that the government doesn't know all this!!!! There don't care. Oh some of them make us think that, but really, do we really think they don't know?

[Dr. Rich]

Hey Karl, I doubt if that will ever happen as George Sorous (sp) will not allow it to happen. Right now one of my jobs is offering to pay off people's debts under the reasonable condition that the debt can be verified. I have been doing this for over 13 years and so far, NO bank or lender or creditor can verify that there is a real debt. So, for those of you worried about being in debt, read Habakkuk chapter 2.

[Bravus]

This is probably a better measure - debt as a proportion of GDP.

http://en.wikipedia.org/wiki/List_of_sovereign_states_by_public_debt

Japan is toast! Remember how they were the new global economic powerhouse in the 80s?

[Bravus]

On the original measure, Australia's is about $5000. What do we win?

[Flyboy]

This problem is because American politicians earmark tax dollars to death. It's because they are selfish and no one has the ability to stop them. Consider this, the US does not have socialized medicine, does have high taxes, and does have massive debt. Wonder why? It ain't because of social security, ain't the wars or the military, or all put together, it's because dems and reps only care about winning and so the work up deals behind closed doors which will A) benefit their next campaign for re-election, ostensibly they claim to benefit their own state, regardless of the needs of the nation at large.

Consider this. Where I live, China, supposedly a communist country, the tax structure is similar to the US, but with a wider/higher band, more progressively biased than the American system. China has medical care that is nearly free, vast amounts of social services, and the country has a trillion plus in surplus, forex reserves, etc. University education there is about 5,000 USD a year.

Hong Kong has a tax rate (for my tax bracket) at around 7%, but we paid no taxes until we made over 80,000 USD. The highest tax bracket in HK is 16%, even for corporations. HK has some of the most advanced medicine in Asia, and, importantly, the SDA hospital is a leader among those (which is, unfortunately also very, very expensive), but the public hospitals, at 12 USD a day no matter the service, are also good. Same is true in Taiwan, also low taxes. In China it's about 2 bucks a day, and in Taiwan, as I recall, it was about 45 bucks for five visits, all the meds, x-rays, blood tests, etc, that I needed. The docs speak English and are often educated in English speaking countries, US, Canada, UK, Australia.

I'm sure there are other countries that would be great examples. My question is, if these countries, with varying degrees of capitalism and communism, can provide great quality services for their citizens, at (in the case of Hong Kong) ridiculously low tax rates, then why can't the United States do this as well? What is wrong with the system? It's not one party's fault. It's the fault of both. The bigger question is, I think, how can it be gotten under control? Can it be?

[phkrause]

It ain't because of social security, ain't the wars or the military, or all put together, it's because dems and reps only care about winning and so the work up deals behind closed doors which will A) benefit their next campaign for re-election, ostensibly they claim to benefit their own state, regardless of the needs of the nation at large.

I totally agree, and the bolded part is most definitely the biggest problem. Have you ever wondered about some politicians that only serve one term or so and than they leave? Its because they see how corrupt it all is and there conscience wont let them continue to stay in the job. These are the real politicians in my book. To bad they don't stick it out and save the system.

[Dr. Rich]

PK, the 'system' is broken and can't ever be fixed. Never happen my friend!

[phkrause]

I do agree Dr Rich, I do agree. Because neither party wants to fix it.

[Flyboy]

Have you ever wondered about some politicians that only serve one term or so and than they leave? Its because they see how corrupt it all is and there conscience wont let them continue to stay in the job.

And all this time I thought it was because they got caught and had to leave. :)

[Aliensanctuary]

Our government operates under the assumption that taxpayers have very deep pockets. All that money has to be spent, somehow. Better to give it to politicians, government workers pensions, and wasteful projects than to let the taxpayers keep it to pay off their houses, cars, etc.

[hooverdamsel]

Dr Rich, don't you think that all the military involvement the US is having is going to cost alot of money. The US has borrowed alot of money to pay for all of this. It is heavily in debt to China and other countries. Just read the news and you can see this. The problem is that the US is now so in debt that what goes in is barely covering what goes out - hence the debt limit set by your senate. Not everything is a conspiracy. Even Ellen White said there will be big troubles with the economy in the US.