Killing Time..

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America did not become the richest most powerful Nation on the planet by waiting for tomorrow.

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The folks that dump the Tea in Boston harbor didn’t wait for tomorrow.

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When George Washington crossed the Delaware with his army, he didn’t wait for tomorrow.

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When the men and women braved the Western frontier in wagon trains, they didn’t wait for tomorrow.

Albeit when it comes to our current commander-in-chief, you know the guy that campaigned with all those…

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According to Webster: “for·ward,” (in context) Being ahead of current economic, political, or technological trends.

Question: With a National Debt South of $17 trillion, ..does anyone reading my post this morning believe that America is (ahead) of current economic trends?

An interesting tidbit: …

The National Debt of the United States is the amount owed by the federal government of the United States.

The measure of the public debt is the value of the Treasury securities that have been issued by the Treasury and other federal government agencies and which are outstanding at that point of time.

(Sidebar).

Under the current agreement signed by President Woodrow Wilson in 1913, with the “Federal Reserve Bank,” (a privately owned, for profit corporation), no agency, including the U.S. Treasury Department has (direct) access to the funds in the U.S. treasury.

Continuing…

Gross public debt consists of two components:

Debt held by the public, such as Treasury securities held by investors outside the federal government, including those held by individuals, corporations, the Federal Reserve System and foreign, state and local governments.

Debt held by government accounts or intragovernmental debt, such as non-marketable Treasury securities held in accounts administered by the federal government that are owed to program beneficiaries, such as the Social Security Trust Fund.

(Sidebar).

The United States Social Security Administration collects payroll taxes and uses the money collected to pay Old-Age, Survivors, and Disability Insurance benefits.

This is done by way of “Trust Funds”. There are two trust funds which the Social Security Administration controls: Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI).

When the program runs a surplus, there will be excess funding available for the Social Security Administration that year.

The excess funds are diverted to one of the trust funds. The money in the trust fund is used by the treasury in the form of treasury bonds.

The treasury bonds provide interest on the money in the trust funds, and if the program sees a deficit, the excess funds from previous years plus any interest earned is used to pay beneficiaries.

At the end of 2011, the Social Security Trust Fund contained (or alternatively, was owed) $2.7 trillion, up $69 billion from 2010.

The Social Security fund is required by law to be invested in non-marketable securities issued and guaranteed by the “full faith and credit” of the federal government.

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Indisputable fact; Under Barack Obama, ..America’s credit rating was abated for the first time in history.

Continuing…

Debt held by government accounts represents the cumulative surpluses, including interest earnings, of these accounts that have been invested in Treasury securities.

In general, debt held by the public increases as a result of government spending and decreases as a result of government tax or other receipts, which fluctuate in the course of the fiscal year, and in practice Treasury securities are not issued or redeemed on a day-by-day basis.

(Treasury securities may also be issued or redeemed as part of government macroeconomic management.)

The aggregate, gross amount that Treasury can borrow is limited by the United States debt ceiling.

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Historically, the US public debt as a share of GDP increased during wars and recessions, and subsequently declined. For example, debt held by the public as a share of GDP peaked just after World War II (113% of GDP in 1945), but then fell over the following 30 years.

In recent decades, however, large budget deficits and the resulting increases in debt have led to concern about the long-term sustainability of the federal government’s fiscal policies. The ratio of debt to GDP may decrease as a result of a government surplus as well as due to growth of GDP and inflation.

On December 12, 2013, debt held by the “public” … was approximately $12.312 trillion or about 73% of Q3 2013 GDP

Intragovernmental holdings stood at $4.9 trillion (29%), giving a combined total public debt of $17.226 trillion.

As of January 2013, $5 trillion or approximately 47% of the debt held by the public was owned by foreign investors, the largest of which were the People’s Republic of China and Japan at just over $1.1 trillion each.

Politically; The United States of America is a Democratic Republic, ..

Alluding to Wikipedia: “A democratic republic is a nation or country that is both a republic and a democracy.

Which is where the ultimate authority and power is derived from the citizens, …

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..and the government is run via elected representatives.”

Which of course brings us, (or at least me), to question the veracity of a machine that is programmed by a guy behind closed doors.

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According to Webster: “a·non·y·mous,” (take yer pick) …

1. Having an unknown or unacknowledged name:

2. Having an unknown or withheld authorship or agency.

3. Having no distinctive character or recognition factor.

As an individual who grew up standing his ground, whether in the jungles of South Vietnam against the herald threat of communism, or in America’s Southwest against the “actual” threat…

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..from wild Jackolopes!

My allegiance is, and has always been to America and to the ethical and common sense principles of our founding fathers.

Which brings me to my second question; “How many of you reading my blather today would take up arms in defense of America?

Had it not been for the folks who would answer my question with a hearty Aye, ..the liberal ilk in this country would have long sense eliminated our Second Amendment right to keep and bear arms…

America’s true “last bastion of hope” for posterity!

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A parting thought to ponder; “If you’re an American and you don’t own a pair of boots, (acquire a pair), ..put them on and find yourself a quiet meadow to roam.

When you’ve reached the center or thereabout, sit down and meet the life beneath your feet, it’ll give you an amazing new perspective as to who you are.

Understanding forges truth, I’ll be back tomorrow

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Crusader Rabbit…

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