Drowning In Debt

[Sonny Clark]

Are we too far under water to keep from drowning? Is there a global financial collapse in the making? And, can we avoid the catastrophe in time?

IMF: The world economy is worse off than we thought --- International Monetary Fund The world economy is worse off than we thought - Jan. 19 2015
Record world debt could trigger new financial crisis, Geneva report warns --- Record world debt could trigger new financial crisis Geneva report warns Business The Guardian
Global Debt Exceeds $100 Trillion as Governments Binge, BIS Says --- Global Debt Exceeds 100 Trillion as Governments Binge BIS Says - Bloomberg
World Debt Clock ---- World Debt Clocks
U.S. Debt Clock --- http://www.nationaldebtclocks.org/debtclock/United States

What are the solutions to correct this run-away debt? Are there any solutions? And, could the answer be "debt forgiveness"?

 

[Manonthestreet]

09/30/2013 11,976,279,236,073.83 4,761,904,290,623.49 16,738,183,526,697.32
09/30/2014 12,784,971,238,978.02 5,039,100,141,755.80 17,824,071,380,733.82

Debt to the Penny Daily History Search Application

How do they come up with only a 400 billion debt for this yr?

 

[Dekster]

I think what we will see is a major global currency crisis that once and for all shows how failed MMT is as an economic school of thought.

 

[DGS49]

The ONLY reason the Federal Government is able to get away with its spendthrift practices is artificially low interest rates. And nobody really knows why we have rates so low when so much is being borrowed.

It is a puzzlement.

And if rates ever go up our country will be unable to pay its debts.

 

[Manonthestreet]

Swiss were last in and first out.......

 

[EdwardBaiamonte]

What are the solutions to correct this run-away debt?

very very very simple!!

1) make liberalism illegal

2) make debt illegal (Republicans have introduced 30 Balanced Budget Amendments all killed by liberals)

 

[Vigilante]

Hear it from the jackass's lips!

 

[gipper]

The national debt means nothing to most D's and Rs. Money really does grow on trees.

 

[Zoom-boing]

New standards in schools give students unlimited do-overs with their work until they get it right. Let's just give the whole world a do-over, wipe the debt clean, no one owes anyone anything. Maybe on the next go around we'll get it right.

 

[EdwardBaiamonte]

The national debt means nothing to most D's and Rs. Money really does grow on trees.

actually, Republicans have tried 30 times since Jefferson to make debt illegal.

 

[Sonny Clark]

New standards in schools give students unlimited do-overs with their work until they get it right. Let's just give the whole world a do-over, wipe the debt clean, no one owes anyone anything. Maybe on the next go around we'll get it right.

Go idea, but I doubt that the crooks will changed their spots. Once a crook, always a crook. It's an addiction to them. Great idea though. Thanks.

 

[EdwardBaiamonte]

Go idea, but I doubt that the crooks will changed their spots.

too stupid!! there are no crooks just stupid people like you who don't know that Republicans have tried 30 times to make debt illegal in America.