Debt Consolidation on a National Scale - Christian Jubilee would remove all personal debt

March 15, 2009

Debt Consolidation on a National Scale

Source: MoneyNews.com - Greg Brown
Obama Policies Feed Market Panic

Think about that for a moment, "If a company is too big to fail, then it's too big to exist".

"Too big to fail", only means that it has an unfair amount of political support.

The Way GM goes, ...

The market capitalization of General Motors on March 6th was $879 million dollars. -- less than $1 billion dollars. Today, it has recoved a little to stand at $1.66 Billion.

...so goes the Country

The market has dropped 20% since Obama has been in office. Not a sign of encouragement.

Should we look to the Federal Government for help?

The off-book national debt of the federal government, the one that does not account for future pensions of federal workers and military, nor accounts for the future pensions of citizens enrolled in Social Security, which is esentially, every single citizen in the United States, is now standing at $10,900 billion dollars. ($10.9 Trillion)

For the cost of our national debt, the federal government could own 10,900 companies the size of GM, yet I don't believe they have anything near that to show for their debt.

Interest payments on this $10,900 billion dollar debt is $451 billion per year.

Available Historical Data Fiscal Year End

If there were no national debt it had to pay interest on, the federal government could have used those interest payments to have bought a GM-sized company every single day and still had an additional $340 million dollars left over each day.

The Federal Government could probably have bought the entire S&P 500 within a year.

Federal Debt Consolidation

If we, the taxpayers, were to just service the existing federal debt, each family would owe $4,500 per year.

Most families understand the drain of servicing debt. There is the giddy heady days when we spend like crazy, putting all the debt onto credit cards, then when the credit limit is hit, there is the sinking feeling that you not only cannot spend that "extra money", but that "extra money" has to be paid back. A double whammy.

The Federal Government believes there is no credit limit on their national debt.

In fact, it is engaging in a massive federal debt consolidation.

It is consolidating upon itself the debt of banks, mortgage companies, automobile companies, insurance companies, and States as fast as it can.

This consolidated debt will be serviced by all Americans, regardless of how individually frugal they are.

Sadly, most American families have also sucumbed to the blood-sucking Sadducee Shylocks out there and have themselves taken on an massive amount of personal debt.

This could be a triple whammy for families -- 1) Can no longer spend on personal credit, 2) Have to start paying back that personal credit and now 3) Have to start paying back the federal debt.

Solution to Federal Debt Consolidation

Let's not just consolidate the rich Sadducee debt onto the back of the federal government, instead let's also consolidate all personal debt of ordinary Christians into the consolidated debt of the federal government.

As I say in my article "Christian Jubilee", a $500,000 stimulus check to each American household would eliminate virtually all personal debt in society, causing a joyous celebration of citizens being free of massive debt for the first time in their lives.

As I state in "Christian Jubilee", if the Jewish Sadducees have a hard time of it, so what!

Article located at:
http://thechristiansolution.com/doc2009/142_FedDebtConsolidation.html

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March 15, 2009 Debt Consolidation on a National Scale Source: MoneyNews.com - Greg Brown Obama Policies Feed Market Panic If a company is too big to fail, it's too big to exist. Liberalism is wrong because it doesn't work. ~ George Will Think about that for a moment, "If a company is too big to fail, then it's too big to exist". "Too big to fail", only means that it has an unfair amount of political support. The Way GM goes, ... The market capitalization of General Motors on March 6th was $879 million dollars. -- less than $1 billion dollars. Today, it has recoved a little to stand at $1.66 Billion. ...so goes the Country The market has dropped 20% since Obama has been in office. Not a sign of encouragement. Should we look to the Federal Government for help? The off-book national debt of the federal government, the one that does not account for future pensions of federal workers and military, nor accounts for the future pensions of citizens enrolled in Social Security, which is esentially, every single citizen in the United States, is now standing at $10,900 billion dollars. ($10.9 Trillion) For the cost of our national debt, the federal government could own 10,900 companies the size of GM, yet I don't believe they have anything near that to show for their debt. Interest payments on this $10,900 billion dollar debt is $451 billion per year. Available Historical Data Fiscal Year End 2008 $451,154,049,950 2007 $429,977,998,108 2006 $405,872,109,315 2005 $352,350,252,507 2004 $321,566,323,971 2003 $318,148,529,151 2002 $332,536,958,599 2001 $359,507,635,242 2000 $361,997,734,302 1999 $353,511,471,722 1998 $363,823,722,920 1997 $355,795,834,214 1996 $343,955,076,695 1995 $332,413,555,030 1994 $296,277,764,246 1993 $292,502,219,484 1992 $292,361,073,070 1991 $286,021,921,181 1990 $264,852,544,615 1989 $240,863,231,535 1988 $214,145,028,847 If there were no national debt it had to pay interest on, the federal government could have used those interest payments to have bought a GM-sized company every single day and still had an additional $340 million dollars left over each day. The Federal Government could probably have bought the entire S&P 500 within a year. Federal Debt Consolidation If we, the taxpayers, were to just service the existing federal debt, each family would owe $4,500 per year. Most families understand the drain of servicing debt. There is the giddy heady days when we spend like crazy, putting all the debt onto credit cards, then when the credit limit is hit, there is the sinking feeling that you not only cannot spend that "extra money", but that "extra money" has to be paid back. A double whammy. The Federal Government believes there is no credit limit on their national debt. In fact, it is engaging in a massive federal debt consolidation. It is consolidating upon itself the debt of banks, mortgage companies, automobile companies, insurance companies, and States as fast as it can. This consolidated debt will be serviced by all Americans, regardless of how individually frugal they are. Sadly, most American families have also sucumbed to the blood-sucking Sadducee Shylocks out there and have themselves taken on an massive amount of personal debt. This could be a triple whammy for families -- 1) Can no longer spend on personal credit, 2) Have to start paying back that personal credit and now 3) Have to start paying back the federal debt. Solution to Federal Debt Consolidation Let's not just consolidate the rich Sadducee debt onto the back of the federal government, instead let's also consolidate all personal debt of ordinary Christians into the consolidated debt of the federal government. As I say in my article "Christian Jubilee", a $500,000 stimulus check to each American household would eliminate virtually all personal debt in society, causing a joyous celebration of citizens being free of massive debt for the first time in their lives. As I state in "Christian Jubilee", if the Jewish Sadducees have a hard time of it, so what! Article located at: http://thechristiansolution.com/doc2009/142_FedDebtConsolidation.html	Last Hope for America Christian Libertarian: Harmonious Union of Church and State Must Read Classics The Solution The Great Sanhedrin Guide to The Four Diasporas The Four Diasporas Crusade for Jewish Apartheid Exposed: media-Scribe FRAUD
The Christian Solution ^© First Release: March 15, 2008

Must Read Classics

The Solution

The Great Sanhedrin

Guide to

The Four Diasporas

The Four Diasporas

Crusade for Jewish Apartheid

Exposed: media-Scribe FRAUD

The
Solution

The
Great
Sanhedrin

The
Four
Diasporas

The
Four
Diasporas

Crusade for
Jewish
Apartheid

Exposed:
media-Scribe
FRAUD