U.S. National Debt Exceeds Gross Domestic Product

The New American reports:

A little-noticed event occurred at approximately midnight on Monday, October 31, 2011: The national debt of the United States exceeded, for the first time in history, the country’s gross domestic product. The website USDebtClock.org showed the gross domestic product crossing the $15 trillion mark for the first time on Monday, while earlier in the day the numbers from TreasuryDirect showed the total public debt outstanding at $14.993 trillion and growing by more than seven billion dollars a day.

Presidential candidate Ron Paul’s campaign manager, John Tate, noted the passing of the milestone:

We can no longer afford politicians who play games with America’s future. As President, Ron Paul will treat the American people with the respect they deserve by being honest about our nation’s situation and implementing fundamental reforms to return America to prosperity.

A closer look at the USDebtClock.org website reveals the size of the problem facing Paul if he wins the White House: U.S. federal revenues are running at $2.3 trillion while government spending is at $3.6 trillion, leaving a deficit just for the fiscal year 2011 at $1.3 trillion. If those levels hold for the next 12 months, the national debt will be at $16.3 trillion, and counting. But this is far from the entire picture. Unfunded liabilities facing the government in Social Security alone amount to $15.3 trillion while Medicare and the prescription drug programs’ liabilities exceed $100 trillion…
– The New American

The only candidate taking this crisis seriously is obviously, Ron Paul. I say, win or lose, campaigning for Ron Paul is worthwhile if only because it lays the groundwork for solving the grave problems that face our republic. So, are you in? Are you ready to get to work?

There are only 61 days left before the Iowa Caucus!

1. Register with the official campaign as a volunteer and take part in the Call from Home program.

2. Join your local Meetup group. (None? Start it up!)

3. Open your eyes to the truth about how elections are won.

If you’ve already finished steps 2 and 3, register with us to be alerted to the training necessary for building effective activism skills and pledge to engage with us here about what is working within your groups. By midnight, we aim to launch activism forums to give you even more tools for brainstorming and sharpening your skills!

BREAKING: New Hampshire Primary set for Jan 10th!
http://www.unionleader.com/article/20111102/NEWS0602/111029898

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