Selective Economic Questions:
- What is the current size of our national debt? Answer: $16.461 trillion.
- What is the current size of our GDP? Answer: $15.555 trillion. [Our national debt is approximately 106% of GDP!]
- How many times since 2001 has the debt ceiling been raised? Answer: Eleven.
- Have we breached the current debt ceiling limit? Answer: Yes. [We have exceeded it by $41.3 billion.]
- How can the government exceed the debt ceiling? Answer: The government has been able to circumvent the debt ceiling by raiding its various trust funds. However, these trust funds will run out of money by the end of March.
- What is the House Republicans' strategy for dealing with the debt crisis going forward? Answer: Kick the "proverbial debt can" down the road for another three months.
- What was the approximate "federal deficit" for 2012? Answer: $1.3 trillion.
- When one takes into account the 2012 "federal deficit" plus the "present value of our unfunded liabilities, such as Social Security & Medicare, for 2012, what was the TRUE federal deficit for 2012? Answer: $6.9 trillion.
- What would you like to say to Congress? Answer: I am sorry, but I can not print that!
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