EPISODE · Feb 28, 2024 · 9 MIN
What is GDP Versus the Debt Clock using GAAP (Unfunded obligations will total $80 trillion over 75 years (2022)
from The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism · host Jerry Rhoads
What is GDP Versus the Debt Clock using GAAP. I feel compelled to meet with you and your investors regarding the impact of my best three books The American Enterprise Swing Vote Party Trilogy. It will Keep America Great by pulling it back together using qualified leadership for capitalism and socialism joining monetary and human rights as the greatest free enterprise ever invented. I t’s already great by the way we do business here and around the globe. We are slated to lose that distinction because of false positives being sustained by a two party grid locked by insolvency where debt is added as cash flow in the budget and GDP growth that includes deficits and the spending on weapons of mass destruction to the tune of a trillion per year. ie, fleet of 610 F-35 stealth jets costing $30 billion each, a fleet of 100 of B-21 stealth supersonic bombers, costing $100 billion, a fleet of 6 Orca autonomous submarines to plant hammer head land mines in our oceans costing $610 millions. This is only the tip of the Titanic debt as reported on the www.usdebtclock.com in Times Square. In the wings is China and winning the trade war by trillions shifted to their GDP of $20 trillion as our GDP of $27 trillion. and failing economy is based on false premises and not based on GAAP accounting where as Chinese economy and enterprise is converting to GAAP. This plus 4million Chinese born Americans with 400,00 coming through Biden open borders as a Trojan horse in our trade war. Our combined Federal debt is $34 trillion plus plus State and local debt of $56 trillion current debt and $200 trillion of unrecorded obligations for Social Security, Medicare, Medicaid, government pensions and 13 other entitlements. This exceeds world wide GDP of $103 trillion. In other words America is bankrupt with collateral of $167 trillion including farm land precious metals, fossil fuels, etc. The Green New Deal’s impact will cost our economy $100 trillion. Subject to international bankruptcy law our creditors can demand that collateral. The question does your firm want the opportunity to expose the inevitable or suffer the consequences. Of course The books embody the solutions. Do you want to be part of that or a victim of your doubts as we all are? This third party is the only way to stop making insanity faster and do sane actions faster? It’s a swing vote not a political ploy or politburo. My choice of leaders is covered in my books and podcasts on Spotify The American Enterprise Party with Jerry Rhoads founder and CE0. www.americanenterprisepoliticalparty.org Unfunded obligations will total $80 trillion over 75 years (2022) https://www.cato.org/blog/medicare-social-security-are-responsible-95-percent-us-unfunded-obligations
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What is GDP Versus the Debt Clock using GAAP (Unfunded obligations will total $80 trillion over 75 years (2022)
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