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Bluebag Media
Kiwanians get a
lesson in the national debt
GREENVILLE – “The best way to look at the national debt is in seconds,”
Matt Huffman told members and guests at Kiwanis of Greenville Nov. 18.
“A million seconds ago is 13 days. Not a problem,” he said, noting the
current U.S. GNP (Gross National Product) of over $16 trillion. “A
billion seconds ago is 33 years,” he added. Still not a major concern
considering the GNP. “A trillion seconds ago, however, is 33,000 years…”
The current U.S. indebtedness, at $18.6 trillion, exceeds GNP, and the
debt increases at about $800,000 per minute.
“If I did that I’d get thrown in jail. If Washington does that it’s
considered good financial planning.”
Huffman introduced his topic – the U.S. Constitution – with the example
of the national debt, and noted all formal entities typically have a
governing document. Those documents offer the ways they can be altered;
in the Constitution it’s Article VII.
“The Constitution has been altered – amended – 27 times...
Read the rest of the article at Bluebag Media
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