29 BILLION DOLLARS A month ON INTEREST ALONE ON THE NATIONAL DEBT

Discussion in 'Politics' started by oreo, Jul 15, 2011.

  1. oreo
    Online

    oreo Gold Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    12,446
    Thanks Received:
    1,960
    Trophy Points:
    255
    Location:
    rocky mountains
    Ratings:
    +4,150
    $1 billion dollars.jpg

    1 billion dollars--$100.00 dollar bills stacked on palets.

    CURRENTLY our Federal Government is paying 29 of the above chart--or 29 BILLION dollars in INTEREST alone each and every MONTH on the national debt.

    This is WITHOUT their required new debt ceiling aka raising their credit card limit so they can borrow and spend more--that they now want--and WITHOUT any consideration that there is another 64 trillion in unfunded liabilites as baby boomers are now entering medicare and social security.--

    Un Freakin believeable!
     
    • Thank You! Thank You! x 1
  2. oreo
    Online

    oreo Gold Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    12,446
    Thanks Received:
    1,960
    Trophy Points:
    255
    Location:
    rocky mountains
    Ratings:
    +4,150
    What too "scary" for liberals to address?

    $Hope-and-Nope.jpg

    How's that Hope and NOPE working for ya?
     
  3. Google
    Offline

    Google Gold Member

    Joined:
    Apr 26, 2011
    Messages:
    2,779
    Thanks Received:
    458
    Trophy Points:
    130
    Ratings:
    +808

    The amount the government is spends on servicing its' debt is ministerial compared to what is spends in deficits. Every month, since the record $250 billion in one month was reached back in March, the US Federal Government has spent over $200 billion more than it takes in revenue.

    It is so clear what the problem is. It is why all polls show a majority of Americans against raising the debt ceiling, revenue isn't the problem spending is.
     
  4. oreo
    Online

    oreo Gold Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    12,446
    Thanks Received:
    1,960
    Trophy Points:
    255
    Location:
    rocky mountains
    Ratings:
    +4,150
    No One Can BORROW and SPEND their WAY to PROSPERITY.

    We--the American Taxpayer ARE paying 29 BILLION DOLLARS a month in INTEREST alone on our current DEBT.

    $9-trillion-deficit.jpg

    Now 14.3 TRILLION dollars in red ink with another 64 TRILLION in unfunded liabilites.
     
  5. oreo
    Online

    oreo Gold Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    12,446
    Thanks Received:
    1,960
    Trophy Points:
    255
    Location:
    rocky mountains
    Ratings:
    +4,150
    What he Heck--NO LIBERALS want to talk about 29 BILLION DOLLARS A MONTH going out in INTEREST along on our current debt?

    Freakin FIGURES.

    Run and HIDE you freakin chicken pieces of crap.
     
  6. shintao
    Offline

    shintao Take Down ~ Tap Out

    Joined:
    Aug 27, 2010
    Messages:
    7,231
    Thanks Received:
    320
    Trophy Points:
    83
    Ratings:
    +339
    LMAO! We talked to you about borrow & spend for 8 years and you did nothing to stop it, as long as the spending was for the rich & corporations. So with 8 years of abuse of the citizens, Obama decides to borrow & spend and you want me to care?? NOT!!! :lol:
     
  7. Polk
    Offline

    Polk Classic

    Joined:
    Aug 25, 2009
    Messages:
    9,752
    Thanks Received:
    569
    Trophy Points:
    48
    Location:
    Republic of Pequod
    Ratings:
    +569
    Sounds like we should be taking steps to reduce the deficit. Of course, you oppose that.
     
  8. bucs90
    Offline

    bucs90 Gold Member

    Joined:
    Feb 25, 2010
    Messages:
    26,548
    Thanks Received:
    5,995
    Trophy Points:
    280
    Ratings:
    +19,210
    29 billion a month on intrest? Thats ALL? Heck, lets spend MORE!!!!!! In fact, lets start taxing the very people and groups that create jobs in this country!!!
     
  9. bucs90
    Offline

    bucs90 Gold Member

    Joined:
    Feb 25, 2010
    Messages:
    26,548
    Thanks Received:
    5,995
    Trophy Points:
    280
    Ratings:
    +19,210
    Yep. We should.

    When my family had a debt crisis a few years ago a few things came up:

    1- We had to start spending less
    2- We had to find a way to start making more money


    Spending less was an immediate option. Starting immediately, we cut our budget. Easy enough.

    So, we figured the only way to start making more money was to work harder or find a new job or ask for a raise. In other words, stuff that we could not immediately alter, but hope to do in the future. Unlike the government, we don't have men with guns that would force others to give us money, so we cut spending, and hoped to make more in the future.


    But the Obama gov't, however, knows it can force others to give more of their money to them. So they'll raise taxes if they can. But simply doing what is easy, cutting spending first, is not an option.
     
  10. Polk
    Offline

    Polk Classic

    Joined:
    Aug 25, 2009
    Messages:
    9,752
    Thanks Received:
    569
    Trophy Points:
    48
    Location:
    Republic of Pequod
    Ratings:
    +569
    The family analogy is stupid one. What's rational at the individual level isn't always rational at the societal level.
     

Share This Page