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The five trillion that the "debt" has swallowed

by Emilio José Lemos de Lima Monday, Oct. 19, 2009 at 6:49 PM

Look, five trillion reais equals 35 times the total sales of Brazilian automobile industry in 2008, with exports, including to this also results for the agricultural machinery.

The five trillion that the "debt" has swallowed

In the gone times of President Fernando Henrique Cardoso, in his starts that goes so far away now, some Planalto Palace scholars made public their wisdom and mainstream media soon made them the chorus, that the collection of the taxes was insufficient to deal with so many expenses and that they should use the private sector to supplement the budget of the republic.

Everyone who had already grown still remember: the villains were the servants of the state and the state companies, and privatization would solve all this soon, freeing the country from all those parasites, freeing us all of those "useless dinosaurs” and even making cash to an administration that would be portentous.

A full version, illustrated, of this text, is at

More than grown since that time, I have tried all means to understand how to borrow money, with dates scheduled for return it and high interest rates, could solve the insufficient budget diagnosed.

Nothing would be resolved, however, quite the contrary, and it was simply a mechanism to transfer income from some sectors of society to others.

It is absurd to cut investments to slow inflation. It's like killing the patient to overcome the fever. Effective and healthy is to expand production as it expands the money supply so as not to configure excessive monetary claims that may trigger or stimulate inflation.

The anti-inflationary little speech, however, was also a cloud of smoke, enthusiastically multiplied by the mainstream press, so that "left over" a lot more money to pay the debt and its interest rates, which, alone in the whole world, the government itself increased.

There should not have been me the only one with this difficulty, because, just in case, the wise men of the Palace also decided to implement the largest increase in tax burden of the Brazilian republican history.

The fact, dear reader, is that in these 15 years of FHC and Lula da Silva, we’ve paid, at least, five trillion reais (U.S.$ 1,00 = R$ 1,76 now) in interest and repayments of public debt.

"At least" because as a precaution I’ve not only fetch the numbers from the database of the secretary of the treasury, but also because I’ve made a point to catch them from the column that has no update or our numbers would be even more stratospheric.

A full version, illustrated, of this text, is at

Look, five trillion reais equals 35 times the total sales of Brazilian automobile industry in 2008, with exports, including to this also results for the agricultural machinery.

Weighing the little, but very major, that has advanced this our plane to Brazil, I say that with 500 billion reais in investments, we will build a Brazil with work and dignity for all brazilian people.

With a trillion in investments, forgive me for joking dear readers and Swedes, we’ll build 50 Swedens here.

Unfortunately, dear reader, I am writing to you that 5 trillion have been "transferred", while Brazil has been miring or a little more than that.

I’ve marked the values to add up in red, so you do not tire too much your eyes on the images of the database of the treasure that I’ve lined at the bottom of this page.

Compare them then to the sum of what was invested over the same fifteen years ...

An important detail: we still have a debt of about a trillion and a half.

What do we need to continue with this destructive merry-go-round for, if the Union also collects each year around a trillion and a half?

This billionaires-making machine that sterilizes the present and the future of the Brazilian people was put in place under President Fernando Henrique Cardoso and President Luiz Inacio Lula da Silva, apparently failed to meet conditions to disable it or at least make it compatible with a project of development.

A full version, illustrated, of this text, is at

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