Debt Hit $13 Trillion!!! Spend Baby Spend!!!

Discussion in 'Economy' started by KissMy, May 26, 2010.

  1. KissMy
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    KissMy Free Breast Exam

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    The US National Debt Hit $13 Trillion!!! - See: U.S. National Debt Clock : Real Time

    Plus the Bailouts are still at $5.6 Trillion

    And the Fed is still increasing the monetary base.

    Print Baby Print!!! Borrow Baby Borrow!!! Spend Baby Spend!!!

    [ame="http://www.youtube.com/watch?v=8_anbEJsr6s"]Money - Pink Floyd[/ame]
     
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    Last edited: May 26, 2010
  2. editec
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    editec Mr. Forgot-it-All

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    ......( seasonally adjusted)....(not sesonally adjusted)
    date........M1........M1,M2....M1......M1,M2
    Jan 2008 1381.1 7534.3... 1375.5 7521.1
    Feb 2008 1387.0 7623.6... 1365.3 7605.2
    Mar 2008 1389.7 7684.3 ...1400.7 7744.7
    Apr 2008 1392.1 7709.3 ...1406.4 7794.9
    May 2008 1391.5 7732.8... 1396.2 7733.5
    Jun 2008 1398.1 7745.2 ...1407.0 7755.5
    Jul 2008 1415.1 7797.0 ...1417.4 7770.5
    Aug 2008 1400.0 7785.0 ...1400.9 7767.2
    Sep 2008 1459.5 7892.0 ...1441.0 7845.4
    Oct 2008 1472.7 8007.1... 1461.9 7957.6
    Nov 2008 1518.1 8058.7 ...1513.1 8046.1
    Dec 2008 1594.7 8239.7 ...1618.7 8249.3
    Jan 2009 1573.8 8300.7... 1565.6 8295.0
    Feb 2009 1562.0 8338.4 ...1535.6 8320.5
    Mar 2009 1564.2 8390.4... 1577.3 8452.9
    Apr 2009 1592.7 8342.5 ...1608.4 8447.2
    May 2009 1593.0 8415.4... 1598.3 8425.8
    Jun 2009 1641.0 8442.1... 1652.9 8447.1
    Jul 2009 1649.9 8437.7 ...1654.9 8418.4
    Aug 2009 1648.3 8414.5 ...1649.3 8393.2
    Sep 2009 1660.9 8455.2... 1640.0 8399.2
    Oct 2009 1674.6 8487.8... 1660.3 8429.9
    Nov 2009 1687.6 8522.7... 1680.8 8505.4
    Dec 2009 1696.4 8543.8... 1721.6 8549.7
    Jan 2010 1679.8 8485.5... 1671.1 8474.7
    Feb 2010 1713.7 8541.0 ...1682.2 8515.2
    Mar 2010 1712.2 8512.0 ...1727.4 8574.8
    Apr 2010 1700.6 8479.6... 1716.7 8595.3
    -------------------------------------------------------------------------------------------

    FYI how it charged during the BUST II ADMIN?

    january 2000
    Jan 2000 1121.9 4657.3 1126.9 4667.0
    Dec 2007 1375.8 7501.4 1394.4 7522.2
     
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  3. Gremlin-USA
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    Gremlin-USA <<< Me in 1970

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    At the end of 2008 Bush (actually the Democrats as they controlled the purse strings) was showing a National Debt Verses GDP of 40.8%

    At the end of 2009 BO (Democrats still holding the purse strings) was showing the National Debt verses GDP of 54.6%

    Projected at the end of 2010, BO (Dems still holding the purse strings) will have a National Debt verses GDP of 67.1%

    All spin aside, it does not take a Rocket Scientist to see the US is in for a Meltdown if the spending does not stop!!!!!!!!!!!!!



    PS - 2011 is predicted at 70.1%


    .
     
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    Last edited: May 26, 2010
  4. KissMy
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  5. Neubarth
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    Neubarth At the Ballpark July 30th

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    Damn, not when we are so close to starting to generate jobs. Remember because of population increase (births and immigration) we need to generate about 300,000 jobs a month just to keep up with the increase in the labor force.

    If we are generating less than 300 K, we are adding to unemployment even though the Department of Labor drops most of these people out of the Labor Force because of their phony survey.
     
  6. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The U.S. debt now stands at 90% of GDP. For those who love to whinge about the Reagan era debt, it peaked at @ 60%. And Obama's plans add another $7T to that amount by 2020 without the impact of ObamaCare and with very optimistic GDP growth rates (which are highly unlikely).

    The current level is $118K per taxpayer and $42K per citizen. Note that these do not included the burgeoning unfunded liabilities for SS, Medicare, and Government & Union Pensions (the latter is being pushed through via Senator Bob Casey's Bill so that taxpayers will be responsible for guaranteed benefits to unionized employees who work for corporations). The unfunded liabilities dwarf these official debt.
     
  7. KissMy
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    The official U.S. debt now stands at 90.36373% of GDP.

    Greece National Debt hit the point of no return at 115% of GDP.

    If you include Fannie & Freddie the current US debt to GDP ratio is currently very close to 115%. If we do not end the government backed pensions, or stop Fannie & Freddie then we are Greece.

    Fannie and Freddie Make the U.S. Look a Lot Like Greece
     
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  8. editec
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    editec Mr. Forgot-it-All

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    And now today on Drudgereport we are told that the M3 is going down.

    So which is it?

    Is the amount of money going up or down?
     
  9. KissMy
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    KissMy Free Breast Exam

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    The verdict is in. Paying people to sit on their ass & not produce does not add any real sustainable GDP. It only creates debt + interest = DEFAULT & CURRENCY CRISIS.

    Had the stimulus money went for real assets that returned real product & value, we would not be in this situation. Paying for political favors & votes has doomed this country.

    The M3 money supply will continue to decline while the M1 currency rises causing a global currency crisis. You people may think that our currency is strengthening but it is falling. It is only strengthening against most other paper currencies of the world that are worse off than ours. Most investments will no longer keep up with real future inflation rates. This will deter more investment & encourage hording of assets.
     
  10. KissMy
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    Spains Debt to GDP ratio is less than ours. Spain got downgraded by S&P last month & just now by Fitch. Look out below, we are going to crash.

    Fitch Downgrades Spain's Credit Rating
     

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