U.S. National Debt - $9 trillion

Discussion in 'Economy' started by Manuel, Jun 17, 2008.

  1. Manuel
    Offline

    Manuel *****

    Joined:
    Jan 7, 2008
    Messages:
    301
    Thanks Received:
    21
    Trophy Points:
    16
    Location:
    Sydney
    Ratings:
    +22
    Just came across this site:

    U.S. National Debt Clock

    "The estimated population of the United States is 304,194,919
    so each citizen's share of this debt is $30,863.66.

    The National Debt has continued to increase an average of
    $1.45 billion per day since September 28, 2007!"
     
  2. dilloduck
    Offline

    dilloduck Diamond Member

    Joined:
    May 8, 2004
    Messages:
    53,240
    Thanks Received:
    5,552
    Trophy Points:
    1,850
    Location:
    Austin, TX
    Ratings:
    +6,403
    We're pretty damn good at deluding ourselves, ain't we ? I know that I sure as hell don't feel like I owe anyone 30 K .
     
  3. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,732
    Thanks Received:
    11,051
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,065
    Incurring debt to fight the recession is fine. Not paying it back when the economy was expanding is bad policy.

    That's the economic legacy of this President who cut taxes and increased spending so we can tax our children instead.
     
  4. indago
    Offline

    indago VIP Member

    Joined:
    Oct 27, 2007
    Messages:
    1,049
    Thanks Received:
    98
    Trophy Points:
    85
    Ratings:
    +180
    Then, you are saying that OUR PRESIDENT LIED when he said: "We will not deny, we will not ignore, we will not pass along our problems to other Congresses, to other presidents and other generations."?
     
  5. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    Ah yes, those fiscally conservative neo-cons.

    Nice job Bush supporters, nice job.
     
  6. JimH52
    Offline

    JimH52 Gold Member

    Joined:
    Oct 14, 2007
    Messages:
    19,240
    Thanks Received:
    3,094
    Trophy Points:
    290
    Location:
    US
    Ratings:
    +8,217
    TWICE this guy was elected...INCREDIBLE! :eek:
     
  7. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    And even that is debatable.

    He was pretty obviously annointed the first go-round by the Supreme court.

    He may have actually won the second time around, depending on whether you believe that that election wasn't rigged.

    I'm still not sure about the 2004 election.
     
  8. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,732
    Thanks Received:
    11,051
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,065
    If he said that, then yeah, he lied because deficits are future tax increases.
     
  9. jreeves
    Offline

    jreeves Senior Member

    Joined:
    Feb 12, 2008
    Messages:
    6,588
    Thanks Received:
    315
    Trophy Points:
    48
    Ratings:
    +315
    :clap2: We must cut unnecessary governmental spending, all to often today spending is used by Congressional representatives to repay their campaign donors and pander to their special interests. There is billions and billions of taxpayer's money being wasted, then we borrow from China, Japan and etc....to fund even more spending. Pathetic....
     
  10. Zoomie1980
    Offline

    Zoomie1980 Senior Member

    Joined:
    Jan 16, 2008
    Messages:
    1,658
    Thanks Received:
    128
    Trophy Points:
    48
    Ratings:
    +128
    We actually do a pretty good job of keeping what is known as DISCRETIONARY spending with in bounds. When you get past the intrest on the national debt, Social Security, Medicare, Medicaid, and the Military budget, there's not much left...something like 15%. That's not much to play with. And trying to make gov't efficient is useless. The worthless civil service culture in gov't is beyond repair.
     

Share This Page