$211 Trillion Iceberg of Debt
$14 TRILLION TIP ON A $211 TRILLION ICEBERG OF DEBT
This just in from the National Public Radio via www.thetrumpet.com in their weekly e-newsletter:
A National Debt of $14
Trillion? Try $211 Trillion
“When Standard & Poor’s reduced the nation’s credit rating from
AAA to AA-plus, the United States suffered the first downgrade
to its credit rating ever. S&P took this action despite the plan
Congress passed this past week to raise the debt limit.
The downgrade, S&P said, “reflects our opinion that the fiscal con-
solidation plan that Congress and the administration recently agreed
to falls short of what, in our view, would be necessary to stabilize the
government’s medium-term debt dynamics.”
It’s those medium- and long-term debt problems that also worry
economics professor Laurence J. Kotlikoff …. He says the national debt, which the U.S. Treasury has accounted at about $14 trillion, is just the tip of the iceberg. “We have all these unofficial debts that are massive compared to the official debt …. We’re focused just on the official debt, so we’re trying to balance the wrong books.”
Kotlikoff explains that America’s “unofficial” payment obligations—
like Social Security, Medicare and Medicaid benefits—jack up the debt
figure substantially. “If you add up all the promises that have been
made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap,” he says. “That’s our true indebtedness.”
“We’ve got 78 million baby boomers who are poised to collect, in
about 15 to 20 years, about $40,000 per person. Multiply 78 million by
$40,000—you’re talking about more than $3 trillion a year just to give
to a portion of the population,” he says. …
To eliminate the fiscal gap, Kotlikoff says, the U.S. would have to
“either immediately and permanently raise taxes by about two thirds,
or immediately and permanently cut every dollar of spending by 40
Didn’t I just tell you last week than any American small-business bookkeeper or accountant with a pencil and a calculator could balance the Nation’s Books in an afternoon. Just simply cut 50% from every line item in the budget. Cutting $900 million from the budget by INCREASING SPENDING $7 TRILLION RATHER THAN $8 TRILLION, OVER THE NEXT 10 YEARS, just DOES NOT CUT IT!!!! Our national leaders are out of touch with reality, that’s why America will fall financially. America is already falling morally. What you see happening in Great Britain with their rage riots, will soon reach our shores. It’s already happening in Milwaukee, Chicago, and Philadelphia. We are collapsing into anarchy, just in time to meet Yeshua! Glory!!
Isaiah 30:25-33, “There will be on every high mountain
And on every high hill
Rivers and streams of waters,
In the day of the great slaughter,
When the towers fall. (Anyone remember way back to September 11, 2011???)
26 Moreover the light of the moon will be as the light of the sun,
And the light of the sun will be sevenfold,
As the light of seven days,
In the day that Yahweh binds up the bruise of His people
And heals the stroke of their wound.
27 Behold, the name of Yahweh comes from afar,
Burning with His anger,
And His burden is heavy;
His lips are full of indignation,
And His tongue like a devouring fire.
28 His breath is like an overflowing stream,
Which reaches up to the neck,
To sift the nations with the sieve of futility;
And there shall be a bridle in the jaws of the people,
Causing them to err.
29 You shall have a song
As in the night when a holy festival is kept,
And gladness of heart as when one goes with a flute,
To come into the mountain of Yahweh,
To the Mighty One of Israel.
30 Yahweh will cause His glorious voice to be heard,
And show the descent of His arm,
With the indignation of His anger
And the flame of a devouring fire,
With scattering, tempest, and hailstones.
31 For through the voice of Yahweh
Assyria (Germany) will be beaten down,
As He strikes with the rod.
32 And in every place where the staff of punishment passes,
Which Yahweh lays on him,
It will be with tambourines and harps;
And in battles of brandishing He will fight with it.
33 For Tophet was established of old,
Yes, for the king it is prepared.
He has made it deep and large;
Its pyre is fire with much wood;
The breath of Yahweh, like a stream of brimstone,
Did Yeshua not tell us in Luke 21:11 that there would be signs in the heavens around the time of His return? Yes, He did . . . “And there will be great earthquakes in various places, and famines and pestilences; and there will be fearful sights and great signs from heaven.” One of those signs will be bright light, according to verse 26 above. Can you imagine what a sevenfold increase in the sun’s light upon earth would do to humans, plants, and animals? Think microwave power. Take a look at that phrase “seven days”. We have lived through about 6,000 years of human history, or 6 days on Yahweh’s calendar. That leaves day seven of 1,000 years of Yeshua’s reign on earth, which will be seven times brighter than the first 6 days. Yeshua will destroy His enemies with the brightness of His coming. 2 Thessalonians 2:8, “And then the lawless one will be revealed, whom the Master will consume with the breath of His mouth and destroy with the brightness of His coming.”
Why is the Father’s burden heavy while Yeshua’s burden is light? The Father has to judge His children; Brother Yeshua does not have to do that, He’s our Savior Redeemer. There are so many Scriptures that state that Yahweh is angry. Is that a sin? No. His anger is righteous indignation towards sin that is destroying His children. The Day of Judgment is coming soon. Yahweh will balance the books of life, sin versus grace. I pray you are found on the grace side.
If you don’t believe Germany is rising again in power, pull your head out of your . . . sandbox! They have a part to play one more time in human history. Germany is rapidly rising in the European Union, they have benefited by America’s credit downgrade. The nations of earth are spending too much time worrying about how to fix their economies, when they should be concerned about fixing the hearts of their people. Yeshua is coming back to finish His fight with the Devil and sin. It will soon be over, done. He came the first time to save men’s souls, He’s coming the second time to destroy men’s nations. Men’s souls will be judged at the end of the 1,000 years, at the end of the 7th day of Yahweh’s creation calendar.
Yahweh destroyed the earth once by water, in the days of Noah. Yeshua said the end of time will be like in the days of Noah, except for destruction by water. This time around it’s going to be destruction by fire. Luke 12:49, “I came to send fire on the earth, and how I wish it were already kindled!” Look at verse 33 above; are Yahweh and Yeshua on the same page when it comes to judging by fire? I believe so.
The Department of Defense is telling us that the world is preparing for war. It may take a few more years of saber-rattling, but the end-time nation alignments are taking place right before our eyes. The kings of the north and south are lining up. It’s all about choosing. I pray you all choose Yahweh’s side. He has a perfect record of wins so far, and I would say He will be victorious in the Battle of Armageddon also.
We can never pay off our national debt; we can never pay off our sin debt. Father forgive us for we know not what we do. Keep looking up and pray for the peace of Jerusalem and the rest of the world.
Gene Benjamin II
August 13, 2011 CE