Surprise! Real U.S. national debt is $86.8 trillion.
by Tim Condon
I swear. The Wall Street Journal has better letters-to-the-editor than any other newspaper. Sometimes they educate all by themselves. For instance, here are comments on a piece about our real national debt being over $85 TRILLION, not the measly $16 trillion obediently reported by the media: From George Leef in Raleigh, North Carolina:
“The business model of the Democratic Party is to win elections by promising people unearned benefits….The recent election showed that the state of the economy is of no concern to hordes of Americans, who can be driven to the polls with nothing more than the threat that, if the Democrats lose, their government goodies will be cut.”
From Mike Johnson in Montague, Massachusetts: “The [$86.8 trillion] numbers are staggering and suggest a future cataclysmic fix, in whatever form that may mean….Think about that. How are we going to pay for it?”
From Larry Buchmiller in Albuquerque, New Mexico: “It is already too late….Continued expansion of the money supply will result in hyperinflation, followed by economic collapse. True spending cuts, as we have seen, aren’t politically acceptable in our current culture. Spending cuts will occur…in the form of defaults by the U.S. government on its obligations. It simply will not be able to meet Medicare and Social Security obligations as they become due. The Treasury won’t be able to sell its bonds at any price.”
I’ve been political my entire life, starting out with Barry Goldwater and The Conscience of a Conservative in the1960's. In 1967 I enlisted in the U.S. Marines for four years, spending nearly two of them in South Vietnam. In 1972 I was a Florida presidential elector for Prof. John Hospers, the first Presidential candidate of the national Libertarian Party which was founded that same year. During the late 1970's and into the 1980's I was a contributing editor and monthly columnist for Reason magazine, and I’ve authored numerous articles in the print and online media about various subjects relating to individual rights and personal freedom. Today I'm a lawyer by profession; I divide my time between New Hampshire and Florida all year long, spending much of my time practicing law in Florida. As an early supporter and past member of the board of directors of the Free State Project, I was drawn to the Live Free or Die state of New Hampshire in late 2003 when it was chosen by a vote of the first 5,000 FSP participants. In 2004 I founded the Republican Liberty Caucus of New Hampshire, and continue today to work within the state political system to advance the traditional NH values of frugal small government, low taxes, small business, free enterprise, and self-responsibility. To all, I say "Come and see what we are building in the beautiful, healthy, livable Free State of New Hampshire!"
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