Here's the $53 trillion math.. One day, the MSM will start reporting the real number, not the $9 trillion BS number they keep feeding you

August 27, 2008

Here's the $53 trillion math.. One day, the MSM will start reporting the real number, not the $9 trillion BS number they keep feeding you

45 comments:

Anonymous said...: Holy crap, I just realized what I (and probably a lot of other people) want for Christmas:

"Ron Paul's Greatest Hits"

I want about and hour or two of classic Ron Paul *deliveries* like "If I performed like that as a physician, my patient would die."; August 27, 2008 10:12 AM
Anonymous said...: arent those medicare and medicaid liabilities spread over several years?; August 27, 2008 10:18 AM
Anonymous said...: You want to cut half that amount. I work in healthcatre. We spend a million or two every year on individuals in their 70s,80, and 90s with no chance of improving or leaving the nursing home. That's per individual. They wear diapers and drool all day. That is where 80% of medicare goes.The person will come into the hospital every month, spend a few days in ICU, CT scans, MRIs, mechanical ventialation, a 1:1 observer sitting at their side 24 hours a day because they are totally incompetent and pull out IVs, tubing or are a risk to fall, breaking a hip and causing a million dollar law siut. Stop spending money to keep these people alive to just lay in bed and vegatate and save trillions. No one will mention this as it is very much not PC.; August 27, 2008 11:09 AM
Anonymous said...: Some people say the 2008 election will be the most expensive in history. Nope. George W. Bush spent $8 trillion on an elderly entitlement program /drug industry giveaway for5 the sole purpose of winning re-election in 2004.

And Republicans claim the mantel of fiscal responsibility and anti-socialist policies? Ha!; August 27, 2008 12:45 PM
christiangustafson said...: It's not $53T.

The entitlements will default. Don't plan on them being there, I sure don't.

Thanks, FDR, student of Charlie Ponzi.; August 27, 2008 1:47 PM
Anonymous said...: Where is dr kevorkian when we need him?

So much for retirement.I owe the govt 175k to cover debt.Looks like they will be taking care of me when I'm 80 wearing diapers and drooling.; August 27, 2008 2:54 PM
Anonymous said...: Hey, the $53T figure has been here for over a year! Why is it constant, when by all means it should have grown to at least $54T?

Also, I'm pretty much convinced that the welfare can and will be cut down (as long as riot control technology is available). Even in Russia, with male life expectancy of 59.5 years, the increase of retirement age from 60 to 70 is a serious possibility.; August 27, 2008 3:25 PM
Anonymous said...: Sunshine Lollipops and Happy Graphs. Oh My!; August 27, 2008 3:29 PM
consultant said...: Keith,

It's going to come out because the criminal collapse of the housing market has exposed the state of our finances. We are broke. BROKE. Government is broke, private sector-broke, most people-broke.

We have moved from the 1st world to the 2nd. A McCain victory would take us into 3rd world territory (with nuclear bombs!)

Bush/Cheney/Paulson can bullsh!t you and me through the sorry mainstream media, but they can no longer sucker overseas folks to buy our T-bills. We're frauds and everyone now knows it.

The printing presses are running hot these days. We are in a mess of biblical proportions. So yeah, even the sorry press will have to eventually report that half of their staff (including anchors!) will be laid off due to declining revenues.; August 27, 2008 3:48 PM
Anonymous said...: How about $99.2 trillion? That's what Richard W. Fisher, the President and Chief Executive Officer of the Federal Reserve Bank of Dallas, claimed back in May...

"Oops! U.S. Debt Almost $100 Trillion"
http://www.boom2bust.com/2008/08/11/oops-us-debt-almost-100-trillion/; August 27, 2008 3:49 PM
jim said...: "You want to cut half that amount. I work in healthcatre. We spend a million or two every year on individuals in their 70s,80, and 90s with no chance of improving or leaving the nursing home. That's per individual. They wear diapers and drool all day. That is where 80% of medicare goes.The person will come into the hospital every month, spend a few days in ICU, CT scans, MRIs, mechanical ventialation, a 1:1 observer sitting at their side 24 hours a day because they are totally incompetent and pull out IVs, tubing or are a risk to fall, breaking a hip and causing a million dollar law siut. Stop spending money to keep these people alive to just lay in bed and vegatate and save trillions. No one will mention this as it is very much not PC."

BUT BUT BUT

EVERY LIFE IS PRECIOUS!! TERRY SCHIALVO!!!!; August 27, 2008 3:52 PM
Anonymous said...: Keith keith keith....the 9 trillion is the amount the government has already spent and owe in bonds. The 44T is future promises. The question is how much of that 44T was actually paid in by social security taxes. I feel responsible to at least pay the principal back...; August 27, 2008 4:08 PM
Anonymous said...: Anonymous said...
You want to cut half that amount. I work in healthcatre. We spend a million or two every year on individuals in their 70s,80, and 90s with no chance of improving or leaving the nursing home. That's per individual. They wear diapers and drool all day. That is where 80% of medicare goes.The person will come into the hospital every month, spend a few days in ICU, CT scans, MRIs, mechanical ventialation, a 1:1 observer sitting at their side 24 hours a day because they are totally incompetent and pull out IVs, tubing or are a risk to fall, breaking a hip and causing a million dollar law siut. Stop spending money to keep these people alive to just lay in bed and vegatate and save trillions. No one will mention this as it is very much not PC.

August 27, 2008 11:09 AM

I write this every few months and catch hell about it.
Welcome to my world.; August 27, 2008 4:11 PM
Anonymous said...: Baby Boomers Retiring

This is enormous. But the adjustment is so easy. You just don't start pensions until 10 years later. That solves it all. It will happen. Nation after nation - not only America, but other countries - will just have to declare that pensions are going to start 10 years later. I think it's inevitable. I don't know when, but within the next 20 years, almost every nation will have to change the law to say you can't get your pension as soon as you retire. (Sir John Templeton in 2004); August 27, 2008 4:27 PM
Anonymous said...: Well folks, put a trillion into the cryostasis work and we can freeze much of the 60 to 100 year olds till a future date. That'll then shave off a huge amount of the entitlements and we can bring the debt down to some $15-20 trillion.; August 27, 2008 5:24 PM
Anonymous said...: 53 Trillion?
Is this like your 100 Million Mexicans in the USA - when the population of Mexico is 109 Million.
Your math includes the next century.
If I pay $2K per year in electricity - can I say my debt will be 140K of electricity over 70 years?
You sound like an excitable little fool sitting on a bar stool in Nashville.; August 27, 2008 5:30 PM
Anonymous said...: In 1948:

War is Peace
Freedom is Slavery
Ignorance is Strength

and 2008:

Debt is Wealth

I predict a young, fresh, charismatic politician will soon tell us not to worry about that big bas-ass number. After all, it's money we "owe to ourselves", so in reality we're rich!

LOL; August 27, 2008 5:30 PM
Anonymous said...: "Stop spending money to keep these people alive to just lay in bed and vegatate and save trillions. No one will mention this as it is very much not PC."

OK, so who's next on your list after you off the old, decrepit ones? Diminish the value of one life, and you diminish them all f*ckwad. Google: "to keep you is no benefit, to destroy you is no loss", and you will see where your "solution" ultimately leads.; August 27, 2008 5:36 PM
Anonymous said...: >No one will mention this as it is very much not PC.

Well I'm glad you did Jim. I didn't have a clue about 80% going there. Wow, that's a problem that's going to be hard for any politician to talk about.; August 27, 2008 5:38 PM
Anonymous said...: It's actually worse than that because of the way inflation is misrepresented by the government:

Fuzzy Numbers; August 27, 2008 6:24 PM
Anonymous said...: "arent those medicare and medicaid liabilities spread over several years?"

yep. but for some reason people don't like to point that out.; August 27, 2008 6:28 PM
Anonymous said...: Any way you cast it, we owe a buttload of money that will either be defaulted on or printed out of thin air.

Knowing they won't be forced to pay it back was/is a very powerful incentive to put it on the tab even worse next time. The fraud cycles are growing shorter and shorter.; August 27, 2008 6:35 PM
Rob Dawg said...: Seeing as we haven't hit $10t on the debt number yet I was wondering about the other numbers.

Rather than deconstruct the entire list just remember that encumbered liabilities are not unfunded liabilities.; August 27, 2008 6:46 PM
Anonymous said...: Here's the $53 trillion math.. One day, the MSM will start reporting the real number, not the $9 trillion BS number they keep feeding you
-----------------------------------
The MSM only reports what our Libertarian Over Lords in Washington want us to hear. So don't expect change anytime soon.; August 27, 2008 6:50 PM
Anonymous said...: Anonymous Anonymous said...

" You want to cut half that amount. I work in healthcatre. We spend a million or two every year on individuals in their 70s,80, and 90s with no chance of improving or leaving the nursing home. That's per individual. They wear diapers and drool all day. That is where 80% of medicare goes.The person will come into the hospital every month, spend a few days in ICU, CT scans, MRIs,"
---------------------------------
And that number could be cut even further if the United States adopted UNIVERSAL COVERAGE and SINGLE PAYER health insurance.; August 27, 2008 6:52 PM
Anonymous said...: Keith, you are such a pessimist. You offer the negative side, but not the positive side. Let me elaborate. America still has the world's largest economy in the world. The rest of the world needs America. If we do down, then they will go down also.

Thus they won't let America fail financially. No matter what the fancy numbers say: we are too big to fail! You got that?

Also, the rest of the world has no choice but to continue to lend us money. By not supporting America, they (the foreigners) actually will shoot themselves on the foot. Thus we will be ok. A little rough patch here and there but in the long term our economy will expand, we will persevere through our adversity and emerge as even a more brighter beacon of light and hope for the rest of the world. Our nation truly is a shining city on top of a hill that all of the world wants to emulate.; August 27, 2008 7:30 PM
Anonymous said...: What's that?

US debt is growing?

uh-huh.

**YAWN**

Wonder what's on Casey.TV?; August 27, 2008 7:33 PM
Anonymous said...: Blogger consultant said...

Keith,

It's going to come out because the criminal collapse of the housing market has exposed the state of our finances. We are broke. BROKE. Government is broke, private sector-broke, most people-broke.

We have moved from the 1st world to the 2nd. A McCain victory would take us into 3rd world territory (with nuclear bombs!)

Bush/Cheney/Paulson can bullsh!t you and me through the sorry mainstream media, but they can no longer sucker overseas folks to buy our T-bills. We're frauds and everyone now knows it.

The printing presses are running hot these days. We are in a mess of biblical proportions. So yeah, even the sorry press will have to eventually report that half of their staff (including anchors!) will be laid off due to declining revenues.

August 27, 2008 3:48 PM

Stop saying we are broke and we are a fraud. The U.S.A. has the world's most transparent financial system in the world. The rest of the world looks up to us. By being a pessimist you are giving aid and comfort to America's enemies who would love to see us fail!

We are not a fraud and we are not broke. If we were then no one would buy our treasuries. But every week, like clockwork, foreigners line up and buy our treasuries.; August 27, 2008 7:34 PM
Anonymous said...: Wasn't it a couple of years ago when they found a big batch of flu vaccine from Britain which was 'mistakenly' tainted with live virus?

It was supposed to be used in the US, but fortunately it was found in time so that no one got jabbed.

I believe the statistics were that up to 10% of all the senior citizens would have been wiped out if the vaccine got as wide a distribution as it should have.

Now... do the math.

if $44 Trillion dollars is for future medicare and social security... if in the future 10-20% of your seniors are wiped out by just such a man made 'mistake'... you could save between 5 to 10 trillion dollars in future payments.

Hmmm... I guess it means nothing that over 20 of the top microbiologist scientists in the world (who would actually be able to help stop such an epidemic) were killed in the last few years.

Nah... it's all just a coincidence. Go back to sleep.

I mean... government treats it's people quite well, especially those who work for them... like the soldiers in Iraq. They get the best treatment. As a citizen, I'm sure they'll do everything to protect you. Look at how much they've improved your security since 911.; August 27, 2008 7:47 PM
Anonymous said...: "You want to cut half that amount. I work in healthcatre. We spend a million or two every year on individuals in their 70s,80, and 90s with no chance of improving or leaving the nursing home. That's per individual. They wear diapers and drool all day. That is where 80% of medicare goes."

I agree, however ask yourself this - honestly - what would you do if this drooling mess was your father or mother? The real problem is that the execs and high paid administrators of the Hospitals know what you just said, and are milking it for all it is worth - courtesy of the large drug lobby and our corrupted guberment. If the guberment was not by and for the corporation, they would require these crooks to provide these services at reasonable costs and profit margins. The utility commissions in each state regulate utilities that way. When they don't, you get Enron and rolling blackouts. I am not for government intervention, actually more of a free market capitalist - except when it comes to bare necessities. Someone has got to be the referree in these matters. I am sure that the drool pan does not cost $200.00 for a piece of plastic, and the CT scanners cost even at $250,000 per machine is long since paid for at $2000.00 per visit. Capitalism works great, except for necessities, then it gets warped because you lose the power of choice. A company should be able to charge whatever they like for a car, boat, house, cable TV, lawn maintenance etc. because you can walk if the price is not right, or go to a competitor with a supierior product. Market check and balance. But try walking, or searching for a "superior product" when your heart gives out and you have minutes to live, or your child suddenly gets fever of 100+, or you are in a car wreck. No negotiation there. No free market there. Just fear of loss and opprotunistic greed.

As usual, to find the root of the problem, just look for the rich white guy.; August 27, 2008 8:34 PM
Anonymous said...: To Anon @ August 27, 2008 11:09 AM

You heartless bastard! How about we knock off the weak members of your family!!! Just let them die off too!! You slimey bastard.; August 27, 2008 8:51 PM
Anonymous said...: NEWSFLASH:

The US government has come up with a new "green" plan to save on energy consumption and break its reliance on Mideast oil through a reuse of 'waste heat'.

The new plan entails shutting down all nuclear, natural gas, and coal fire electrical generating stations in the entire country and switching to a fully electrified model for public and private transportation.

"This is a historic day for the US!" said presidential hopeful Senator McCain. "Now we'll be able to function unhindered in the Middle East and help our future Nato allies from any other aggressions from a resurgent Russia."

The other presidential hopeful Senator Barack Obama gave a more muted response, "Overall, I think the plan has merit, but I would need to study it more in depth. We are talking about a large geography in the US which would need to be electrified and a fundamental though necessary change would be needed to all of our infrastructure. But, I am definitely for change."

Essentially, the new green plan involves setting up over 1000 electrical generators of 100 Megawatts each in Washington DC while being connected to high pressure steam pipes leading out of the federal mint in a radial patern to use all available space.

Because the US dollar will soon need to be printed in massive amounts in order to 'balance the books', a large system of cooling pipes is already being built from a number of points in the Potomac and Anacostia rivers for cooling the presses.

"From my estimation, without the cooling system, the printing presses would very quickly reach the same temperature as the surface of the sun." said the renowned Nasa astrophysicist Dr. Fouse Conneo. "And of course we can't print money at such high temperatures yet. As such, re-using this waste heat will be a boon for the government and the new Encon corporation which will be responsible for distributing the electricity to all of the states equally."

From his office at the Fed, current Federal Reserve chair Ben Bernanke commented, "Many people had doubts in the capabilities of the Federal Reserve and the strength of the American financial system. But we have proven again and again that the financial system is sound and will lead the United States into a new Golden Age."

As an added bonus, because of the new construction efforts underway and the huge population shifts required to make room for the new network of pipes, over 200,000 currently laid off realtors accross the country are picking up stakes to cash in on the new property boom underway in DC. "This is going to be bigger than Poenix" said Greg Swan, of 'Flying Monkey Warior' fame. "I expect that with a few golf courses, we could see property prices and profits in the capital going to the moon..."

And the Dubya woke up...; August 27, 2008 9:29 PM
Anonymous said...: No problem it is just funny money, we can print a billion $100 bills and then pay this off in cash with enough to spare for a few more bombs to drop on the Arabs.; August 27, 2008 9:30 PM
Anonymous said...: We need to put 70,80, and 90 year old to work in light manufacturing and clothing warehouses.

Bring light manufacturing back to America, army of wheelchairs.

We will not need to pay these folks because most will have dementia anyway, just wheel them in and tell them to start on the "arts & crafts" project of placing the plastic toys into the bags.; August 27, 2008 9:34 PM
Anonymous said...: "...We are not a fraud and we are not broke..."

Heh.

5 years of no audit; over $4 Trillion missing.; August 28, 2008 12:02 AM
Anonymous said...: I think Canada should just take-over our country for $1. Get rid of the old dems and republicans. They failed US. Let Canada take over the USA for a while for crisakes.

We dont even have enough money for new government and banking criminal prisons anyway...

Just relax. Become the solution.; August 28, 2008 1:10 AM
Anonymous said...: Anonymous said...

We need to put 70,80, and 90 year old to work in light manufacturing and clothing warehouses.

Bring light manufacturing back to America, army of wheelchairs.

We will not need to pay these folks because most will have dementia anyway, just wheel them in and tell them to start on the "arts & crafts" project of placing the plastic toys into the bags.

All that's gonna do is complicate things. Lets be creative, because even in the assembly line we still got to pay em the Medicaid, Medicare and foodstamps.

So why don't you put them on the ice flow and give em a baloney sandwich. Wave bye bye. Love you, gonna miss ya!!!

How about we start with your Mom and Dad?

Better yet let's make a reality show of it and you could host and be famous. I bet your Mom and Dad would jump at the chance to be first.

You could also introduce a few polar bears to eat them as they are waving to you from the breakers. That would solve two problems, your old demented parents and the starving bears.

Americans aren't up to manufacturing anymore. That's China's and India's job. We are in the entertainment business. Hollywood can solve this problem just fine.

Simple solution for a simple people.

JaneZ; August 28, 2008 2:53 AM
Anonymous said...: You know, they do a real disservice when they f'up the number presentation so badly.

The numbers are kind of meaningless without a time frame. are those numbers over 10 years? 20 years? 30 years? if it is over 30 years how does that compare to total tax receipts over those 30 years?

I am not saying we don't have a problem, you just need to make sure it is cast in the correct light, otherwise people will discount what you have to say.; August 28, 2008 4:44 AM
Anonymous said...: The MSM reports the current debt. 53T is the estimated liabilities over the next 30 years or so.

Those are two very different numbers. One is real and the other could be real if things don't change and clearly it will change because we can afford it.; August 28, 2008 4:48 AM
Anonymous said...: hey, if you factor in inflation, that 53 Trillion will only be about, what, 15 Trillion in todays dollars? Not so bad...; August 28, 2008 4:49 AM
Anonymous said...: NICK,
You're living in some freekin' dreamworld. Wake up.; August 28, 2008 5:36 AM
edd browne said...: If our failed nation is forced
into terminal bankruptcy, who
controls it during liquidation ?

A consortium of China, Japan,
Russia, Iran, and Vietnam ?

The debts would be questionable,
and what's the market for a passive
semi-literate tv-nation ?; August 28, 2008 6:42 AM
Anonymous said...: "I agree, however ask yourself this - honestly - what would you do if this drooling mess was your father or mother?"

In my position I am quite familiar with death and accept that we all die. My parents would not want to live this way. I will not authorize treatment to prolong the dying process.; August 28, 2008 2:03 PM
Anonymous said...: Hey stupid the American economy grew at a faster rate than expected at 3.3 percent! So the sky is not falling HP'ers!

http://www.cnbc.com/id/26436385; August 28, 2008 2:42 PM
Anonymous said...: Here's my Green Plan: Let's take the old, dying, sick folks and convert them to bio diesel! Damn - we solve 2 problems at once!; August 28, 2008 4:08 PM

HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008

August 27, 2008

Here's the $53 trillion math.. One day, the MSM will start reporting the real number, not the $9 trillion BS number they keep feeding you

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