EPISODE · Oct 10, 2021 · 40 MIN
DEBT LIMIT IS NO LIMIT AT ALL (As the Swamp Gets Deeper and US Debt Limit Grossly Understates Reality) (www.usdebtclock.org Shows the Books and Budget Are Cooked by the Red and The Blue)
from The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism · host Jerry Rhoads
What is the real debt limit? Nancy Pelosi proposes $28 trillion will be enough and McConnel acquiesces. In fact, it is a budgetary figure that doesn't reflect accrued liabilities for obligations created by laws passed over the last 50 years. Debt is defined according to generally accepted accounting principles GAAP) as assets minus liabilities equals surplus or deficits. For the books and reporting to the public, Congress uses a budgetary system of cash in and cash out reporting against the debt limit so our books are cooked because it doesn't reflect OBLIGATIONS INCURRED. The facts are reported on the debt clock www.usdebtclock.com and in my books The American Enterprise Party Trilogy. Now as the progressives propose $1.9 stimulus, $1.2 infrastructure funding, $3.5 welfare promises building back bigger government and the Republicans standby waiting for the 2022 midterms to save America. So, wake (woke) up America, where followers are following the followers into the ghettos of a political crematory. Our concentration camps are our complacency in and apathy believing that Bigger is Better, equality is freedom, equity is prosperity, safety is more laws and regulations, security is Big Brother and the Brotherhood media, peace, equality and equity is Big Government control. That’s the problem in our inner-city ghettos existing in squalor, small under privileged communities forgotten, public schools teaching overthrow, foreign affairs letting in millions of undocumented immigrants, allowing voting scams, that are founded on a false positive called democracy funded by two party money-tics. The accumulated deficit for the preceding 50 years of borrowing to pay trillions of dollars of government deficitst caused by payroll (currently 22 million government workers), pensions and entitlements resulting in unrecorded debt of $158,000,000,000,000 trillion dollars. Taxes since Roosevelt have never paid the operating costs of the swamp but quietly encumbered America for a local drug store cash register system of cash taken in minus cash paid out represents surplus or deficit spending to be covered by borrowing or increased capital (taxation). The difference in USA the books are balanced by borrowing as the Fed sell US Treasuries to China, Japan, South Korea, etc. Or the US Treasury printing out dollars with no backing since taking our monetary system off the gold standard under Nixon. A colossal cooking of the books and forerunner of bankruptcy in free enterprise America.Ask yourself, as a voter who would you pick a “better Red than dead pragmatic Republican” or a “Blue blood bleeding-heart phlegmatic Democrat” … or an “enterprising market driven American Enterprise Party Humanitarian” that wants every American citizen to be successful and healthy in pursing the American Utopian Dream with Humanism. Okay what can enterprising Americans do to resolve this horrendous mistake committed by principally attorneys and professors running our Great American Enterprise on an unsustainable financial condition turning the American Dream into the American Nightmare. Effectively we need to hire The American Enterprise Party to bail out America with nothing more than electing the swing vote party to break up the ineffective unbusinesslike Congress and follow the reorganization plan presented in the Trilogy of Volume One why do it, Volume Two how to do it and Volume Three who will do it ... in bookstores now. Ironically, in researching and writing my books I found that even China is considering the use of generally accepted accounting principles in keeping their books in their plan to destroy American democracy.
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DEBT LIMIT IS NO LIMIT AT ALL (As the Swamp Gets Deeper and US Debt Limit Grossly Understates Reality) (www.usdebtclock.org Shows the Books and Budget Are Cooked by the Red and The Blue)
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