Posted on Nov 2, 2015
Nation debt will be $20 trillion by 2017.... will it ever stop?
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The budget for the next two years had done, so we can actually can project our debt with accuracy ... by the time President Obama step down, we will be facing $20 trillion debt ... I still remember the argument of $14 trillion ... will it ever STOP increasing?
Posted in these groups: 
Finance
Finance
Posted >1 y ago
Responses: 8
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COL Jean (John) F. B.
SSG Buddy Kemper - It is a great quote that is right on target, however, here is the origin of it (from Wikipedia):
"You cannot multiply wealth by dividing it."
This quote appears frequently on the Internet and is often attributed to Dr. Rogers with an incorrect date of 1931. In fact, the quotation is part of a longer sermon by Dr. Rogers' from 1984 in a larger series titled God’s Way to Health, Wealth and Wisdom, but it also appears as a passage in Dr. Rogers' 1996 work Ten Secrets for a Successful Family stating that "by and large our young people do not know either the importance or the value of honest labor".
Rogers did not originate the quote at all. In fact, he did not claim to have originated it. Instead, he was citing almost verbatim a bit of anti-Soviet propaganda that had circulated in many magazines in the early 1960's.The quote appeared before that in the Congressional Record of 1958, where they were appended to the record by congressman Bruce Alger. Alger had borrowed the words from Gerald L. K. Smith, who had written them first in his magazine, The Cross and the Flag. Since the quote was attributed to Rogers in 2009, it has been regularly attributed to him; however, Rogers was essentially quoting Smith at the time.
"You cannot multiply wealth by dividing it."
This quote appears frequently on the Internet and is often attributed to Dr. Rogers with an incorrect date of 1931. In fact, the quotation is part of a longer sermon by Dr. Rogers' from 1984 in a larger series titled God’s Way to Health, Wealth and Wisdom, but it also appears as a passage in Dr. Rogers' 1996 work Ten Secrets for a Successful Family stating that "by and large our young people do not know either the importance or the value of honest labor".
Rogers did not originate the quote at all. In fact, he did not claim to have originated it. Instead, he was citing almost verbatim a bit of anti-Soviet propaganda that had circulated in many magazines in the early 1960's.The quote appeared before that in the Congressional Record of 1958, where they were appended to the record by congressman Bruce Alger. Alger had borrowed the words from Gerald L. K. Smith, who had written them first in his magazine, The Cross and the Flag. Since the quote was attributed to Rogers in 2009, it has been regularly attributed to him; however, Rogers was essentially quoting Smith at the time.
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SSG Buddy Kemper
Interesting Sir, what was once "a bit of anti-Soviet propaganda" can now properly be leveled at the side of our own house which is the tax and spend, class-warfare& "free stuff" party.
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COL Jean (John) F. B.
SSG Buddy Kemper - Democrat/Socialist/Communist/Progressive/Liberal ... As another old saying goes... "A rose by any other name is still a rose"
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PO3 (Join to see)
China's money had already run dry for few years now ... China herself is in deep economical trouble too ... so ... the question is ... where are the money come from now? some said ... the Federal Reserve printing press ( or so they call digitizing)
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I hope it will be begin to be reversed by the next administration and Congress PO3 (Join to see). Unfortunately government austerity rarely are received well. I hope and pray that our nation's leaders will see the wisdom of reducing spending levels below tax revenue.
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PO3 (Join to see)
I hope I am wrong on this ... I think there is no way to reverse it ... it is to survive or to be destroy ... I got that feeling that the end is getting closer ...
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LTC Stephen F.
PO3 (Join to see) - I am not expecting a total reverse which would be possible if we devalued our currency to near worthlessness. That would be the death-knell for this nation and the dollar :-)
I am hopeful that the idea of getting most goods and services "free of charge" to the user will be scaled way back to a fee- for-service arrangement to those who can afford it - up to two time federal poverty level.
I am hopeful that the idea of getting most goods and services "free of charge" to the user will be scaled way back to a fee- for-service arrangement to those who can afford it - up to two time federal poverty level.
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