Move along nothing to see

Discussion in 'Current Events' started by Mr.Fitnah, May 26, 2010.

  1. Mr.Fitnah
    Offline

    Mr.Fitnah Dreamcrusher

    Joined:
    Jul 14, 2009
    Messages:
    14,480
    Thanks Received:
    2,673
    Trophy Points:
    48
    Location:
    Paradise.
    Ratings:
    +2,673
    [​IMG]

    U.S. National Debt Clock : Real Time

    IMF: U.S. debt nearing 100 percent of GDP
    By Eric Zimmermann - 05/15/10 05:09 PM ET
    The U.S. national debt will soon reach 100 percent of GDP, the IMF predicts in a new report.

    The following graph shows the sharp rise in U.S. debt starting around 2006. By 2015, the IMF suggests, debt could reach well over 100 percent of GDP.
     
    • Thank You! Thank You! x 2
  2. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,844
    Thanks Received:
    12,789
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,876
    $118B per taxpayer, excluding unfunded liabilities which dwarf the existing debt.

    Many families have more federal debt than personal debt - what an appalling financial mess.
     
  3. xsited1
    Offline

    xsited1 Agent P

    Joined:
    Sep 15, 2008
    Messages:
    17,750
    Thanks Received:
    5,300
    Trophy Points:
    198
    Location:
    Little Rock, AR
    Ratings:
    +5,307
    This is clearly Bush's fault even though the Democrats have controlled Congress since 2007.
     
    • Thank You! Thank You! x 1
  4. Nonelitist
    Offline

    Nonelitist BANNED

    Joined:
    Jan 22, 2010
    Messages:
    1,235
    Thanks Received:
    182
    Trophy Points:
    0
    Ratings:
    +183


    Absolutely right. Bush is to be blamed for everything into eternity. Obama only affects things when they are good.

    Idiotic, corrupt and lying liberals....
     
  5. Reidlr
    Offline

    Reidlr Constitutionalist

    Joined:
    Apr 26, 2010
    Messages:
    101
    Thanks Received:
    26
    Trophy Points:
    6
    Ratings:
    +26
    Everyone is making jokes about who is at fault, but this is a serious problem that is not going to go away. The US national debt, today, has just passed the $13 Trillion mark. It is at mulitple sources and I do not feel the need to post a source. Also, we are currently in the low 40% range of GDP towards government run entitlement programs. 40% on just entitlement programs! Both parties are at fault! Our government and lazy uneducated Americans are at fault! We have made this bed.
     
    • Thank You! Thank You! x 1
  6. hboats
    Offline

    hboats Silver Member

    Joined:
    Feb 10, 2010
    Messages:
    1,297
    Thanks Received:
    199
    Trophy Points:
    98
    Location:
    Minnesota
    Ratings:
    +199
    Looks to me like the federal government needs to take lessons from the governor of New Jersey. "We don't have a revenue problem, we have a spending problem." :clap2:

    Rick
     
  7. Shorebreak
    Offline

    Shorebreak Active Member

    Joined:
    Sep 25, 2009
    Messages:
    395
    Thanks Received:
    102
    Trophy Points:
    28
    Ratings:
    +102
    This is what happens when you agree to a pyramid scheme for a monetary system, and then you grant control of spending to those who profit from the pyramid scheme.

    There are two important points to keep in mind:

    1. All spending from Congress comes in the form of an interest-earning loan by our Central Bank, also known as the US Federal Reserve (which is no more federal than Federal Express). For every spending dime that government approves, a group of private banks earns some profit.
    2. When dollars are issued by our Central Bank in response to a federal spending demand, every time a dollar is issued there is a requirement to have more than a dollar in order to repay it at interest.

    In other words, it is impossible to repay our debt under the current paradigm because every spending bill requires more money to repay it than is currently in circulation. All politicians who promise to reduce our debt but who are not working towards eliminating the Federal Reserve are lying to you, because unless you remove the pyramid scheme, you cannot correct the problem.
     
    • Thank You! Thank You! x 1
    Last edited: May 26, 2010
  8. rhodescholar
    Offline

    rhodescholar Gold Member

    Joined:
    May 31, 2009
    Messages:
    4,448
    Thanks Received:
    760
    Trophy Points:
    190
    Location:
    Strafing Iranian RGs with my .50 Cal
    Ratings:
    +1,807
    Talking points directly from the Ron Paul/Scientologist/Far left/Lyndon LaRouche websites... :cuckoo:

    Now for reality: the federal government is spending too much money on things like union labor, $300 MM power plants in Afghan that cannot run, far too many people work for the fed gov't, too many ppl are retiring so medicare and SS cannot be sustained, etc., etc.
     
  9. Mr.Fitnah
    Offline

    Mr.Fitnah Dreamcrusher

    Joined:
    Jul 14, 2009
    Messages:
    14,480
    Thanks Received:
    2,673
    Trophy Points:
    48
    Location:
    Paradise.
    Ratings:
    +2,673
    The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.

    T Jefferson.
     
  10. Mr.Fitnah
    Offline

    Mr.Fitnah Dreamcrusher

    Joined:
    Jul 14, 2009
    Messages:
    14,480
    Thanks Received:
    2,673
    Trophy Points:
    48
    Location:
    Paradise.
    Ratings:
    +2,673
    Shore says 1 thing right in his entire posting history and you have shit on it?
    The fuck is wrong with you?
     
    • Thank You! Thank You! x 1

Share This Page