UNITED STATES REAL DEBT
-
Upload
prezichef -
Category
Data & Analytics
-
view
382 -
download
2
Transcript of UNITED STATES REAL DEBT
![Page 1: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/1.jpg)
$
$
UNITED STATES GOVT. ACCUMULATED$18 TRILLION IN DEBT!
$
$
$
$
![Page 2: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/2.jpg)
NO WORRIES $18Trillion
WWW.PREZICHEF.COM
![Page 3: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/3.jpg)
NO WORRIESCongratulations!
YOU DON'T NEED TO WORRY ABOUT IT
To the United States Govt. for just accumulating $18Trillion in debt! But no worries let's look at some of the
biggest reasons why .
$18Trillion
WWW.PREZICHEF.COM
![Page 4: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/4.jpg)
THEY CAN GET IT UNDER CONTROLLIE
WWW.PREZICHEF.COM
![Page 5: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/5.jpg)
Economy is doing good Our debts are decreasing
JAN1991
LIE
WWW.PREZICHEF.COM
![Page 6: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/6.jpg)
What a massive lie. Politicians have been saying this for decades. The last time the US debt
ACTUALLY DECREASED WAS
1957!!!
Economy is doing good Our debts are decreasing
JAN1991
LIE
WWW.PREZICHEF.COM
![Page 7: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/7.jpg)
mandatory entitlement programs and interest on the debt
REVENUE
FACT 1
WWW.PREZICHEF.COM
![Page 8: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/8.jpg)
FACT: the last several years the US government has been spent 90% of tax revenue just ot pay for mandatory entitlement
programs and interest on the debt.
WWW.PREZICHEF.COM
![Page 9: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/9.jpg)
THIS IS PROBABLY THE BIGGEST LIE OF ALL
" The debt doesn't matter because we owe it to ourselves."
The federal government owes this money
LIE
FACT 2
WWW.PREZICHEF.COM
![Page 10: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/10.jpg)
DEBT
Two of the Social Security trust funds alone own $2.72 trillion of US debt.
$2.72 TRILLIONDEBT
WWW.PREZICHEF.COM
![Page 11: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/11.jpg)
How is it somehow 'better' if the government defaults on
its citizens as opposed to, say, banks? WWW.PREZICHEF.COM
![Page 12: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/12.jpg)
FACT 3
NO THEY CAN'TJUST LOOK AT THE NUMBERS
"They can fix it by raising taxes"TAXLEVEL
WWW.PREZICHEF.COM
![Page 13: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/13.jpg)
END OF WORLD WAR IIUS government tax revenue
17%
Since the end of World War II, US government tax revenue has consistently
been roughly 17% of GDP.WWW.PREZICHEF.COM
![Page 14: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/14.jpg)
TAXLEVEL
GDPThey can raise tax rates, but it doesn't
move the needle in terms of revenue as a percentage of GDP.
WWW.PREZICHEF.COM
![Page 15: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/15.jpg)
This isn't about any single person or President.
This isn't about any single person or President.
WWW.PREZICHEF.COM
![Page 16: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/16.jpg)
The problem is with the system itself.
DEBTDEBT
WWW.PREZICHEF.COM
![Page 17: UNITED STATES REAL DEBT](https://reader030.fdocuments.us/reader030/viewer/2022032616/55a6abba1a28abf4018b4779/html5/thumbnails/17.jpg)
BUT AGAIN, PLEASE TELL MEWHO IS THE WORLD IN DEBT TO ?
BROUGHT TO YOU BY
WWW.PREZICHEF.COM