THE DEMOCRATS AND THE POTUS BHO CHAOS HAS INCREASED THE DEBT PAST THE POINT OF NO RETURN FROM A WHOPPING $10 TRILLION IN 2008 TO $18 TRILLION IN 2014 A 70% IINCREASE IN JUST 6 YEARS IN OFFICE–THE OUTCOME OF WHAT A COMMUNIST ORGANIZER CHAOS MAKER DOES–YET IT SHOWS NO AMOUNT OF US GROWTH CAN EVER PAY BACK THIS DEBT–WHILST THE PEOPLE REPRESENTATIVES IN CONGRESS AND SENATE AND THE POTUS HAVE PUT ON BLINDERS WITHOUT TAKING STEPS TO CURTAIL THE POTUS BHO CHAOS BIG SPENDER – WITH SUCH EXPENDITURE IS EVERY AMERICAN WORKING FROM THE EXCESSIVE DEBT SPENDING NOPE, BUT HAS FULFILLED THE DEMOCRAT AGENDA OF THE MAGIC BUS RIDE OVER THE CLIFF INSTEAD, IT WOULD HAVE BEEN BETTER TO GIVE BACK THE MONEY TO THE PEOPLE INSTEAD OF FLUSHING IT DOWN THE DRAIN WITH NOTHING TO SHOW FOR IT- THIS ALONE WOULD HAVE PUT BACK INVESTMENT IN THE HANDS OF THE COMMON CITIZEN– BUT THEN THE TRUE AGENDA OF CHAOS FROM THE SOCIALISTS WITHOUT RESPONSIBILITY IS ABOUT CONTROLLING THE MONEY AND WHO GETS IT FROM HOOF MOUTH TO FOOT

Over the century that followed, the US has gone from being the biggest creditor in the world to its biggest debtor.

Decades of expanding government programs, waste, endless and costly wars, etc. have racked up such an enormous pile of debt that it has become almost impossible to pay it down.

A lot of folks don’t realize that, since the end of World War II, the US government’s total tax revenue has been almost constant at roughly 17% of GDP.

In other words, even though the actual tax rates themselves rise and fall, the government’s ‘slice’ of the economic pie is almost always the same - 17%.

I’ve worked out a mathematical model which shows that, even with absurd assumptions (7%+ GDP growth for years at a time, low interest rates, etc.), it is simply not feasible for the US government to ‘grow’ its way out.

Default has become the only option. And that could mean a number of things.

They could default on their creditors (other governments like China who loaned money to the US government). But this would spark a global financial and banking crisis.

They could default on the Federal Reserve, which owns trillions of dollars of US debt. But this would create an epic currency crisis for the US dollar.

They could also default on their obligations to their citizens—primarily to future beneficiaries of Social Security (who collectively own trillions of dollars of US debt).

Or they could choose to default on their obligations to every human being alive who holds US dollars… and engineer rampant inflation.

None of these is a good option. And simply put, the US government has reached a point of no return.

I aim to demonstrate this to you in today’s video podcast episode. It’s a very sobering realization.

Join me to see it for yourself:

http://www.zerohedge.com/news/2014-12-12/paying-down-debt-now-almost-mathematically-impossible