A POP QUIZ! IS WHAT YOU BELIEVE TRUE OR FALSE?
Posted in Uncategorized by Baba - Jul 27, 2015
1. The Gross Domestic Product, GDP, (a measure of America’s overall productivity and economic health) goes up or down directly proportional to the National Debt.
2. The Trust Fund for the Social Security Administration is dwindling toward bankruptcy.
3. The length of a U.S. Senator’s term is 6 years.
4. The United States of America is the world’s leading Democracy.
5. The actual value of a U.S. Dollar is less than 5-cents.
6. The U.S. Senate is comprised of 50 Senators.
7. The U.S. Constitution was written in 1787.
8. The current unemployment rate in the U.S. is less than 9%.
9. No U.S. President has ever lived their entire life under the same U.S. flag.
10. The financial authority of the Federal Government is the Federal Reserve System.
(Answers: TRUE-1, 3, 5, 7, 9. FALSE- 2, 4, 6, 8, 10).
NOTES:
1. Surprisingly, the key indicator of America’s health improves as the debt INCREASES!
2. There is no Trust Fund. The SSA operates with borrowed money.
4. The U.S. is NOT a Democracy. It is a Representative Republic.
6. Each state has 2 Senators, 50 X 2 = 100.
8. It is >14.7%. Calculations exclude those who remain unemployed after exhausting their benefits.
9. New states join the union and the flag is changed.
10. The Federal Reserve System is an non-audited, non-government cartel of privately held interests!
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