Negative Quiddity: USA is bankrupt

The overall actual federal debt is $202 trillion.

That's $202,000,000,000,000 – that's a dollar bill every 1/8 of a mile (about every 650 feet) all the way to the star Alpha Centauri.

We have to sunset Medicare (maybe if we do it right now we can continue those benefits for those already over 65 or already disabled). We have to sunset Social Security. If we wait, even a few years, we will have to reduce existing benefits for the elderly.

We have to unplug government jobs from union membership and collective bargaining. Now.

We have to immediately end all overseas military adventures unless the actual survival of the USA is at stake (which is an issue in none of our current military commitments).

We need to immediately stop funding social science degrees, government art, government radio, government television and grants to universities.

There are a couple of government departments that need to be closed – say – Education and Energy for starters.

Any politician of either party who dismisses this is either posturing incompetently or lying outright or too stupid to make public decisions.

This happened because FDR wanted a third term (bought with public money), Lyndon Johnson was an egomanic, and Richard Nixon wanted to win a second term in 1972. Dead politicians have bankrupted all of us.

http://www.bloomberg.com/news/2011-02-23/when-pretending-fails-to-hide-bankruptcy-commentary-by-laurence-kotlikoff.html