We are Broke

Discussion in 'Politics' started by Avatar4321, Nov 15, 2011.

  1. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Cavuto: We Are Broke - Fox News Video - Fox News

    Sad but true.
     
  2. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Cavuto is such a moron. The day after S&P "downgraded" U.S. Debt, treasuries prices went UP - that's basically the market saying "Hey guess what S&P, you're full of shit!"
     
  3. Wicked Jester
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    Wicked Jester Libsmackin'chef

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    Guess what, lib.......Your boy broke us, fucked up our credit rating, and doesn't have a clue as to what the fuck he is doing, PERIOD!

    The "MORONS" are those who contiue to shill for that inept son of a bitch, and CHOOSE to live with their heads firmly planted up their boney lil' asses.

    WTFU!:evil:
     
  4. candycorn
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    candycorn Alis volat propriis

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    I heard the other day that our exports are actually up too.
     
  5. editec
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    editec Mr. Forgot-it-All

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    The USA is a going concern.

    We are in debt, but obviously not yet BROKE.

    If we were broke, the flight of capital wouldn't be landing on US debt instruments.

    Cavuto is an hysterical fear mongering tool.
     
  6. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Cavuto is an idiot.
     
  7. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    He also completely discounts all the assets owned directly by the USA.
     
  8. Mr.Nick
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    Mr.Nick VIP Member

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    Yeah, I figured that out back in 1997 when I was wet under my ears....

    The voyage for the truth began :lol:
     
  9. KissMy
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    KissMy Free Breast Exam

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    The Fed has it rigged so it looks like foreigners are buying US debt even when they are buying it.

    I am no longer on the debt train. I own a lot of gold & property. As for the rest of you without gold, you cross into 100% of Debt to GDP ratio in 5 days.

    BTW - Democracy Ends When Your Country Goes Bankrupt FDR was a dictator.
     
  10. healthmyths
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    healthmyths Gold Member Supporting Member

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    Don't know what happened but define "broke" i.e. is there something different from a state where there are more debts then assets?
    If so then "who is broke"? THE USA??
    Check out this site based on 2008 statistics which is probably now 20% less!
    BUT
    Total GDP of USA for next 75 years... $797 trillion
    US Debt, Social security,Medicare for next 75 years: $70 trillion.

    HMM nearly 10 times value of GDP versus obligations..

    The National Balance Sheet of the United States | Newsburglar
     

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