The Debt

[Lonnie W Brooks III]

A Nation of Ostriches

We totally ignore the massive $17 trillion debt that our government has run up.  We see it on TV 10 times a day while they sell gold or silver.  Have you seen real news about the debt on TV or in the paper.  Have you heard any Congressman or Senator or the President talk about how we’re going to pay this back?  Not likely and here’s why!

Consider the $17 Trillion as a mortgage that has to be paid over the next 30 years.  The annual payment at 1% interest would be $652 billion a year for 30 years. We could pay this by totally eliminating the Department of Education, the Department of Transportation and all welfare payments.  We could eliminate the entire Department of Defense.  Another option would be to raise taxes by 40% on everybody.

Our elected officials have made no provision in the newly approved budget to make a payment on the debt.  Instead they plan to add another $500 billion.  They are also planning on increasing the debt ceiling – again.

Write, call, email or fax your Representative and Senators. Insist that they address this problem.  Owning gold won’t save us.

Lonnie Brooks

Ponte Vedra Beach, Florida