Obamas $$$- 398,879,561 Years To Pay Off The US Government's Debt

[Geaux4it]

Obamacare, EBT, phones etc and the ticker keeps spinning. What will the cost be for future generations as we come to terms with the astronomical cost of our diversity experiment.

Along with other LIV's, the whites who voted for Obama did so out of guilt. Kind of like the guy who turns in a wallet he finds while on a first date because all other times he if lifting it from your pocket.

-Geaux

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The US government’s debt is getting close to reaching another round number—$18 trillion. It currently stands at more than $17.9 trillion.

Just like humans find it really hard to comprehend the vastness of the universe. We know it’s huge, but what does that mean? It’s so many times greater than anything we know or have experienced.

German astronomer and mathematician Friedrich Bessel managed to successfully measure the distance from Earth to a star other than our sun in the 19th century. But he realized that his measurements meant nothing to people as they were. They were too abstract.

So he came up with the idea of a “light-year” to help people get a better understanding of just how far it really is. And rather than using a measurement of distance, he chose to use one of time.

The idea was that since we—or at least scientists—know what the speed of light is, by representing the distance in terms of how long it would take for light to travel that distance, we might be able to comprehend that distance.

Ultimately using a metric we are familiar with to understand one with which we aren’t.

It Will Take 398 879 561 Years To Pay Off The US Government s Debt Zero Hedge

 

[gipper]

Is there anyone in our political class talking about the national debt? It would seem they are not concerned.

All one has to do it study the history of Rome, to know what is coming.

When the collapse arrives, the Left will blame capitalism and many foolish Americans will believe their lies.

 

[DriftingSand]

U.S. National Debt Clock Real Time

Real Time US National Debt Clock USA Debt Clock.com

US Debt Clock National Debt of United States

 

[Roadrunner]

Is there anyone in our political class talking about the national debt? It would seem they are not concerned.

All one has to do it study the history of Rome, to know what is coming.

When the collapse arrives, the Left will blame capitalism and many foolish Americans will believe their lies.

Rome proved you cannot ensure domestic tranquility through bread and circuses for the masses, paid for by borrowing from your enemies.

 

[gipper]

Is there anyone in our political class talking about the national debt? It would seem they are not concerned.

All one has to do it study the history of Rome, to know what is coming.

When the collapse arrives, the Left will blame capitalism and many foolish Americans will believe their lies.

Rome proved you cannot ensure domestic tranquility through bread and circuses for the masses, paid for by borrowing from your enemies.

Yes...the power elite in the USA, is following Rome's game plan. Why would the elites continue down a road that leads to disaster? My guess is because they will profit from the coming disaster and they care not one wit about the resulting harm caused to the majority.

Rome was a welfare/warfare Kleptocracy that devalued their currency....just like the USA.

 

[hipeter924]

Is there anyone in our political class talking about the national debt? It would seem they are not concerned.

All one has to do it study the history of Rome, to know what is coming.

When the collapse arrives, the Left will blame capitalism and many foolish Americans will believe their lies.

Rome proved you cannot ensure domestic tranquility through bread and circuses for the masses, paid for by borrowing from your enemies.

Yes...the power elite in the USA, is following Rome's game plan. Why would the elites continue down a road that leads to disaster? My guess is because they will profit from the coming disaster and they care not one wit about the resulting harm caused to the majority.

Rome was a welfare/warfare Kleptocracy that devalued their currency....just like the USA.

All major corporations in the US run on the concept of short-term profits and gains, and the CEOs are paid for doing that. As a result, even if a company or country goes bust, they walk away with vast profits before it does. That's what happened in '08, as those that wrecked the economy own the government.

 

[Rotagilla]

Is there anyone in our political class talking about the national debt? It would seem they are not concerned.

All one has to do it study the history of Rome, to know what is coming.

When the collapse arrives, the Left will blame capitalism and many foolish Americans will believe their lies.

Let them blame whatever they want. After the partitioning, they can set up their socialist utopia in the portion of the country they hang on to.

We'll "correct" past mistakes and rebuild in ours.

 

[Delta4Embassy]

Once you're in the trillion dollar range it can't be paid off. 1 trillion or 20 doesn't matter.

 

[gipper]

Once you're in the trillion dollar range it can't be paid off. 1 trillion or 20 doesn't matter.

You may be correct. This could indicate that the US government will ultimately default on its debt, since no great empire in history ever survived massive debt and currency devaluation. The harm to the people will be great, but the elites in government and business will do well...assuming we do not have a revolution akin to the French one. If that were to occur, they just might lose their heads.

 

[Delta4Embassy]

Once you're in the trillion dollar range it can't be paid off. 1 trillion or 20 doesn't matter.

You may be correct. This could indicate that the US government will ultimately default on its debt, since no great empire in history ever survived massive debt and currency devaluation. The harm to the people will be great, but the elites in government and business will do well...assuming we do not have a revolution akin to the French one. If that were to occur, they just might lose their heads.

Only way to pay off the debt is to renegotiate the terms to halt the interest long enough to actually be able to start paying it off. Otherwise, default is inevitable. But so long as the interest accrues, because of how limited taxes coming in are in a typical year, you're not able to have enough surplus cash to effect the debt where it isn't rising in-between payments.

 

[gipper]

Once you're in the trillion dollar range it can't be paid off. 1 trillion or 20 doesn't matter.

You may be correct. This could indicate that the US government will ultimately default on its debt, since no great empire in history ever survived massive debt and currency devaluation. The harm to the people will be great, but the elites in government and business will do well...assuming we do not have a revolution akin to the French one. If that were to occur, they just might lose their heads.

Only way to pay off the debt is to renegotiate the terms to halt the interest long enough to actually be able to start paying it off. Otherwise, default is inevitable. But so long as the interest accrues, because of how limited taxes coming in are in a typical year, you're not able to have enough surplus cash to effect the debt where it isn't rising in-between payments.

Of course the government could merely nationalize the economy and confiscate all wealth...as many leftists would like.

 

[BluesLegend]

All major corporations in the US run on the concept of short-term profits and gains, and the CEOs are paid for doing that. As a result, even if a company or country goes bust, they walk away with vast profits before it does. That's what happened in '08, as those that wrecked the economy own the government.

No they are not, its epic how ill informed you are on this subject.

 

[Delta4Embassy]

Once you're in the trillion dollar range it can't be paid off. 1 trillion or 20 doesn't matter.

You may be correct. This could indicate that the US government will ultimately default on its debt, since no great empire in history ever survived massive debt and currency devaluation. The harm to the people will be great, but the elites in government and business will do well...assuming we do not have a revolution akin to the French one. If that were to occur, they just might lose their heads.

Only way to pay off the debt is to renegotiate the terms to halt the interest long enough to actually be able to start paying it off. Otherwise, default is inevitable. But so long as the interest accrues, because of how limited taxes coming in are in a typical year, you're not able to have enough surplus cash to effect the debt where it isn't rising in-between payments.

Of course the government could merely nationalize the economy and confiscate all wealth...as many leftists would like.

Isn't enough wealth to pay off the debt in the US. Gates has what 50 billion give or take? And he's the richest. Debt's ~18 trillion.

 

[Delta4Embassy]

If you seized all US currency in circulation planetwide you'd only have

"There was approximately $1.29 trillion in circulation as of October 1, 2014, of which $1.25 trillion was in Federal Reserve notes."

Puts the debt in better context. It's one of those 'there isn't enough tea in china' sorta numbers.

 

[Siete]

there's plenty of $$ laying around... the RW is more than willing to " do it right" in the mid east fighting ISIS ... boots on the ground, co$t be damned !

 

[hipeter924]

Once you're in the trillion dollar range it can't be paid off. 1 trillion or 20 doesn't matter.

You may be correct. This could indicate that the US government will ultimately default on its debt, since no great empire in history ever survived massive debt and currency devaluation. The harm to the people will be great, but the elites in government and business will do well...assuming we do not have a revolution akin to the French one. If that were to occur, they just might lose their heads.

And likely the US will dissolve to a more tyrannical form of government like national socialism, theocracy, or fascism.

Also a western brain drain would result with the entrepreneurs and well educated middle class fleeing the US for Asia and never coming back.

 

[Delta4Embassy]

Once you're in the trillion dollar range it can't be paid off. 1 trillion or 20 doesn't matter.

You may be correct. This could indicate that the US government will ultimately default on its debt, since no great empire in history ever survived massive debt and currency devaluation. The harm to the people will be great, but the elites in government and business will do well...assuming we do not have a revolution akin to the French one. If that were to occur, they just might lose their heads.

And likely the US will dissolve to a more tyrannical form of government like national socialism, theocracy, or fascism.

Also a western brain drain would result with the entrepreneurs and well educated middle class fleeing the US for Asia and never coming back.

Wont be a government if we default.

 

[hipeter924]

All major corporations in the US run on the concept of short-term profits and gains, and the CEOs are paid for doing that. As a result, even if a company or country goes bust, they walk away with vast profits before it does. That's what happened in '08, as those that wrecked the economy own the government.

No they are not, its epic how ill informed you are on this subject.

Actually plenty of CEO's admit their companies are structured on short term profit creation. If you think I am ill informed you must be really out of touch with economic reality.

 

[Rotagilla]

And likely the US will dissolve to a more tyrannical form of government like national socialism, theocracy, or fascism.

Also a western brain drain would result with the entrepreneurs and well educated middle class fleeing the US for Asia and never coming back.

There's no evidence of any of that.

The several smaller nations that would form would manage to make do without oppressive fed gvmt central planning.
That's how this nation was formed in the first place. secession from an oppressive central gvmt.

 

[hipeter924]

And likely the US will dissolve to a more tyrannical form of government like national socialism, theocracy, or fascism.

Also a western brain drain would result with the entrepreneurs and well educated middle class fleeing the US for Asia and never coming back.

There's no evidence of any of that.

The several smaller nations that would form would manage to make do without oppressive fed gvmt central planning.
That's how this nation was formed in the first place. secession from an oppressive central gvmt.

Don't see how that could happen, as other countries would still hold the individual states responsible for their state debt, and all the new countries responsible for the former US national debt as successor states.