The word trillion is dead. It is meaningless. It is minuscule and insignificant. And the federal deficit this year is expected to increase by two trillion. One trillion dollars is the cost of the health care plan over ten years. Our national debt is over eleven trillion.
It's actually more than that. Technically. My dad explained it to me, and I'll do my best to explain it to you.
The debt that no one really includes or knows about pertains to Social Security. When they started Social Security, basically people paid in money that they were supposed to get when they retired. Well, the government ended up giving some people more money than they paid in. Other people's Social Security money. Basically, they gave them other people's money sometimes to buy their votes. It worked out for a while, because there were a bunch of people paying in and not a lot of people taking out, so they weren't obligated to return the money to those people. Well, as time went by, more people wanted their money. Which the government didn't have. So the government is in debt to those people.
Oh, well. We'll soon be "rationalizing" all the old people anyway, so that shouldn't be a problem.
I agree with Glenn Beck on this one - Social Security is the biggest Ponzi Scheme in the history of the world
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