The Trillionaires Club

Member Group : Lincoln Institute

Could it be that hard to start a new club? It would seem to be simple. Get some front money, align common interests and recruit members who enjoy the same ambitions.

But does running a club pay anything? The local computer, history or garden clubs can’t really pay much for management. If you want to make some real money managing some common interests you might have to try something a little more sinister than the neighborhood little league team.

If you want some real cash for managing a club there’s one sitting out there waiting to happen and managing it could pay bigger than a jumbo lottery ticket. It’s a trillionaires club, but you might want give it a classier name like: The International Benefactors of America Society.

The front money can come from the top six countries that finance our national debt: China, Japan and the United Kingdom. Some members might be a little troubling. Our nation’s spending spree this year has been financed, in part, by the generosity of Iran, Venezuela and Libya. Another segment’s largesse, so far, hasn’t raised any of Washington’s official eyebrows. Does anyone want to question how clean the money is that comes from banking interests in the Cayman Islands?

With the front money from the big six it wouldn’t be hard to get the 26 other big players in the club to step up to the plate. There are thirty two countries that the taxpayers of the United States indiscriminately are indebted to for over four trillion dollars. Indiscriminate because it just doesn’t seem to matter that human rights abusers and just plain thug governments are propping up our national addiction to federal spending. If current trends continue this club will pony up another trillion dollars by early next year.

Someday, if somebody is clever enough to form the International Benefactors of America Society, the potential economic chaos in this country could be devastating. On the other hand America’s mortgage holders might treat their asset well. If reckless federal spending and borrowing doesn’t stop, the trillionaires club could, in effect, own the most powerful political weapon on planet earth: the U.S. economy.

Albert Paschall is Senior Fellow at the Lincoln Institute of Public Opinion Research, a non-profit educational foundation based in Harrisburg. Somedays is syndicated to leading newspapers and radio stations in Pennsylvania. He can be reached at [email protected]