Five complete lies about America’s new $18 trillion debt level

Started by kalash, December 04, 2014, 08:50:20 PM

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kalash

http://www.sovereignman.com/trends/five-complete-lies-about-americas-new-18-trillion-debt-level-15661/
On October 22, 1981, the government of the United States of America accumulated an astounding $1 TRILLION in debt.

At that point, it had taken the country 74,984 days (more than 205 years) to accumulate its first trillion in debt.

It would take less than five years to accumulate its second trillion.

And as the US government just hit $18 trillion in debt on Friday afternoon, it has taken a measly 403 days to accumulate its most recent trillion.

There's so much misinformation and propaganda about this; let's examine some of the biggest lies out there about the US debt:


Solar

Quote from: kalash on December 04, 2014, 08:50:20 PM
http://www.sovereignman.com/trends/five-complete-lies-about-americas-new-18-trillion-debt-level-15661/
On October 22, 1981, the government of the United States of America accumulated an astounding $1 TRILLION in debt.

At that point, it had taken the country 74,984 days (more than 205 years) to accumulate its first trillion in debt.

It would take less than five years to accumulate its second trillion.

And as the US government just hit $18 trillion in debt on Friday afternoon, it has taken a measly 403 days to accumulate its most recent trillion.

There's so much misinformation and propaganda about this; let's examine some of the biggest lies out there about the US debt:
Let me fix your title.

Five Marxist lies about America's new $18 trillion debt level

FWIW, it's closer to 200 trillion unfunded debt, but it's just an accounting error.
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