If we took ALL of the money earned by the rich, we would only cover 9% of the total [real] annual debt, and there is more.

<<< Here is a chart based on CBO numbers,  putting an end to the myth that Bush spent wildly,  during his 8 years.  The fact of the matter is this:  his 8 yr average was not that far removed from Clinton's running average,  and 40% of Obama's totals.  Keep in mind that it was the Bush debt Obama promised to cut in half,  not his own debt.  Of course, he struck out on both counts,  so who really cares what he said  --  he sure as hell doesn't.

In a government report found here,  we learn these facts:

The US Government has a public debt of 17 trillion dollars against total assets, including federal buildings and forest properties,  of 4.7 trillion.  This does not include the 17 trillion we think is owed to Social Security collections,  monies received but transferred to the general fund and use for paybacks,  general fraud,  and other federal "necessities."  Nor,  does it include the 42 trillion we owe ourselves because of Medicare.  Understand that the total annual economies of every nation in the world is around 70 trillion dollars,  the same we owe in public and internal debt.  A disgrace,  and those who speak out against this idiocy are the ones who are the "whacko's" in our upside down domestic reality.  Nuts.

Along these same lines and using the debt accrued during 2011,  officially set at 1.3 trillion for that year,  according to USA Today,  if we add in the annual payouts to Social Security and Medicare, that annual debt rises from 1.3 to 5 trillion dollars,  for that particular year.  Obama promised to cut "the annual debt in half."  Of course he was talking about the Bush debt of $400,000 billion per year,  not the Obama debt of 1.3 or 5 trillion (which ever).  In the end,  virtually all of his 2008 promises have not be fulfilled, to this day, and there were well over 340 of promises made during that period of grandiose lies and personal appearances.

More than this,  we know that if we took every single dollar earned by those who make more than $250,000 per year,  it would pay just 38% of our annual budget and only 9% if you add in our welfare debt.  When Obama speaks of the rich paying their "fair share,"  he only reveals his own stupidity on the issue.  Turns out that he is better suited for parties,  golf, fundraising and vacations. Too bad he had to stop along the way to play "president."  

Point of post:  When the Chinese stop accepting our debt request for a mere 6% profit margin,  we will be in a world of hurt  -  and no one in DC gives a care.