Of course the real
national emergency is not the lack of a
wall, the failure to build a wall
but building up the national debt to $22 trillion! We eclipse that dubious milestone
earlier in the week and again when you
talk about the national debt at $22
trillion we're talking about the tip of
a huge iceberg.
This is just a funded
portion of the debt and it doesn't include
liabilities like what the government
owes for social security, guaranteed
bank deposits or student
loans. That's not
there, those are contingent liabilities and they're just as real but they're not even
part of the national debt.
So, when you
look at all the liabilities that the
US government is on the hook for, you're talking about well over a $100 trillion or $200 trillion. Twenty
trillion is maybe five or ten percent of
the debt but
that debt that is the real national
emergency.
