The declared debt of America is now around $36 trillion dollars. However that does not include an extra $2.8 trillion in debt because the government has spent all the trust fund reserves of Social Security and Medicare.
they take all the extra money collected (both now are running annual deficits) and spend it in the general funds. This also did not appear in the annual deficit figures as it was government just shifting money around. There is no cash, but special T notes or IOU's from the fed. Now that these are running deficits annually and are drawing from teh reserves, the government is hiding still that actual annual deficit, because not only must they borrow to cover the "normal" deficit, but must also borrow to cover the taking of the reserves of SS and Medicare to cover current costs.
This is a global problem with all nations and "appears" to be one of the top candidate crises that will help cause th world to start paying attention to the Antichrist when he makes the scene and proposes solutions that keep the world from falling off the edge.
they take all the extra money collected (both now are running annual deficits) and spend it in the general funds. This also did not appear in the annual deficit figures as it was government just shifting money around. There is no cash, but special T notes or IOU's from the fed. Now that these are running deficits annually and are drawing from teh reserves, the government is hiding still that actual annual deficit, because not only must they borrow to cover the "normal" deficit, but must also borrow to cover the taking of the reserves of SS and Medicare to cover current costs.
This is a global problem with all nations and "appears" to be one of the top candidate crises that will help cause th world to start paying attention to the Antichrist when he makes the scene and proposes solutions that keep the world from falling off the edge.