Scientific Proof of God, A New and Modern Bible, and Coexisting Relations of God and the Universe

Saturday, July 30, 2011

The U.S. National Debt is a Delusion

On page 53 in my book on 'The First Scientific Proof of God,' President Clinton says that Reagan became president with a national debt of one trillion dollars and that this debt rose to four trillion dollars by the end of George Bush's presidency in 1993. From the presidency of Clinton through Obama, the national, the national debt clock (click)  says that the national debt is 14 trillion dollars.

So. 12 years of Reagan and Bush brought 3 trillion debt, or 25% of a trillion dollar debt each year. And the 19 years of Clinton, G.W. Bush, and Obama brought 11 trillion debt, or 57% of a trillion dollar debt each year. Thus, the national debt doubled for the last three presidents.

Science says that such a doubling must have a cause. Some of this cause has some inflation, some unemployment, some wars, some floods, some fires, and some deteriorations such as roads, pot holes, bridges, cars, homes, energy, etc.  So, the doubling of debt above seems to be quite normal.

Accordingly, I conclude that the 14 trillion debt is normal and the money system is abnormal.  This abnormality is caused by the inability of banking systems to fund all developing and futuristic nations simultaneously.

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