California Economist Says Real US Debt $70 trillion

August 15, 2013

Realism – National Debt 4 X greater than published number

According to California economist James Hamilton, national debt is an astounding $70,000,000,000,000 (70 trillion) and growing.

Hamilton is an economics professor at University of California, San Diego.

UCSD Economics Professor Says This Is the REAL National Debt

Using my dollar-bill analogy, let’s see to which nearby heavenly body we can go by stacking one-dollar bills, one atop another. We could stack dollar bills, one atop another, to create nearly 20 stacks reaching from the surface of the earth to the surface of the moon.

Real National Debt - Unreal Numbers

It isn’t Republicans causing the so-called “gridlock” in Washington, D.C. – It’s the Democrats. As per the Constitution, ALL SPENDING BILLS must originate in the House of Representatives.

All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills. Article I, Section 7, U.S. Constitution

The Affordable Care Act, as passed, did not originate in the House. It originated in the Senate and was, therefore, unconstitutional.

Tell Congress to defund and/or repeal ObamaCare.

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