If I may ...
Ehhh, so what? 22 trillion. 100 trillion. 999 trillion. Doesn't matter. It is mathematically impossible to repay it anyway. If all the debt in circulation were to be paid back all at once, not only would there be no money, currency, in circulation, in bank accounts, in your pocket, under your bed or in the folds of your couch or that unreachable space between your driver seat and that damnable hump, there would still be more left owed.
Look at it like this. Lets say there is a total amount of debt owed, which includes all governments, mortgages, car loans, student loan debt, credit cards, etc., of $200 trillion. And yet, in circulation, the total money supply in banks, your pocket, etc., is $175 trillion. Leaving a deficit of $25 trillion. Then what? How is that balance paid back with absolutely no more money, aka Federal Reserve Notes and coin, in circulation? Other than giving all our assets, including our homes, our property, our cars, our roads and interstate system, all government buildings to the bankers as payment. The answer? Borrow more. And that is in fact exactly what happens. It is the only, the undeniably only way, to keep this fiat currency debt based monetary system from falling of the rails.
At present, today, there is only, currently, about $44.7 trillion in money. That number includes all money in banks, central and otherwise, demand deposits, physical currency, money outside the US, etc. ie all money, digital or physical. ie money that is convertible to cash or its equivalents, aka an asset. Now contrast that to the actual debt across all sectors, ie., the overall total amount of debt to include all US governments, businesses and private persons, ie every single dollar that must be paid back, aka a liability, which currently stands at about $71 trillion.
So ...
$71 trillion owed in total as debt of some kind vs
$44 trillion of actual money in existence means
-$27 trillion deficit.
Funny. That I'm only $2 trillion off from my example above. Totally unintended. Solely by chance.
So, really, a trillion here a trillion there, doesn't mean a thing. We will always be in perpetual, never to be paid off, debt, publicly and privately. The system is/was setup that way. To enslave a Nation to the bankers.
And don't you think for an instant that just because you're a good smart thrifty go-to-church-every-Sunday kinda person that abhors personal debt, by having no credit card payments, or an auto loan, or a you paid your mortgage off years ago, and that you don't owe any entity anything. Because that's not really true. You see, those property taxes you pay. (Renters, it's part of your rent payment.) And those sales taxes you pay. And all those other taxes, and the taxes you pay disguised as fees that you pay to your government for you driver's license to your dog's collar tag. A portion goes to paying back the debt and interest for loans taken out in your name by your governments. In addition, to having been built into the price of goods that you buy, a portion goes to paying back the debt and interest that the business took out buy a new delivery truck or replace needed equipment or buy the land and/or to needing to build a new office building or store. Either way, you are paying debt back. Some by choice, as with shopping, others with no choice, as from government selling bonds to taxing your wages and income and more.
Debt -- it is inescapable. By design. To keep every body working to enrich the bankers from your labor and the sweat of your brow.
Now doesn't that just give you the warm fuzzies?
