Did You Know That You Owe?

we are just waiting for natural disasters to strike these nations so we can write off the debt with aid response

And we borrow 295 billion dollars every 2 hours to pay for it. Can you say BROKE. But what the hell china india are talking about making a new world currency.

I was stuck to the whole budget thing. The concept of the american government shutting down within an hogur was a pretty big eyebrow raiser!

We lost all our money already, pay us back some please so lovely cameron can go and lose it.

Where does the figure for the total amount of money come from? Just i watched a video from parliament television a while back where they were explaining how the vatican bank held more gold than had been recorded as mined on the whole earth, aka figures were all fucked up!

Can you say ponzi ponzi ponzi or can you say ponzi ponzi ponzi! Go fractional reserve banking!

we're not broke.

Seriously people need to learn to understand how government works...

Btw, nice job cherry picking data from 2007 and on (hint: governments spend money during recessionary periods... that's what they're supposed to do...). Debt as a percentage of GDP is at ~93% atm. It's been as high as ~123% (1946). We're fine.

every one knows that america is huge depths , huge !!! america is fucked up anyway !

The value of those savings will be eroded away due to inflation.

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In our current economic environment this is this best option. It's obvious you dislike the fed but the fact is that they are doing their job. Just think about how many people are in debt right now... debt is made smaller via inflation. Also, think about how much money the rich are currently holding IN CASH right now instead of putting it to work in our economy creating jobs... inflation compels them to invest these dollars(because otherwise the money just sits there losing value).

Besides that, core inflation is still low and we face no threat of hyperinflation.

mame said:

In our current economic environment this is this best option. It's obvious you dislike the fed but the fact is that they are doing their job. Just think about how many people are in debt right now... debt is made smaller via inflation. Also, think about how much money the rich are currently holding IN CASH right now instead of putting it to work in our economy creating jobs... inflation compels them to invest these dollars(because otherwise the money just sits there losing value).

Besides that, core inflation is still low and we face no threat of hyperinflation.

Click to expand...

debts are easier to pay, but old people who live on a fixed income, families who live from paycheck to paycheck (40% of the nation), people on disability, and people who save currency will all be 100% fucked by inflation. Those people will all starve to death, but hey its all good as long as the Fed can provide $3.3 trillion so foreign banks don't go belly up. Socialize the losses, privatize the profits, its all good for everyone, except those who don't have millions to play with.

mame said:

we're not broke.

Seriously people need to learn to understand how government works...

Btw, nice job cherry picking data from 2007 and on (hint: governments spend money during recessionary periods... that's what they're supposed to do...). Debt as a percentage of GDP is at ~93% atm. It's been as high as ~123% (1946). We're fine.

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where do you see 2007 ???

The Outstanding Public Debt of the US as of 25 Feb 2011 at 12:15:28 PM GMT is:

$14,132,020,688,467.99


it has rized since 2007 per day

The National Debt has continued to increase an average of
$4.11 billion per day since September 28, 2007


i cant believe how the goverment is taking care of this by sluffing it on the shelf rather then addressing the issue iTS NOT GOING TO MAGICALLY DISAPEAR

if there saying 45,000 per US citizen wow cant wait to see how much per person will be owed this time next year 60,000 - 90,000 ????

NoDrama said:

debts are easier to pay, but old people who live on a fixed income, families who live from paycheck to paycheck (40% of the nation), people on disability, and people who save currency will all be 100% fucked by inflation. Those people will all starve to death, but hey its all good as long as the Fed can provide $3.3 trillion so foreign banks don't go belly up. Socialize the losses, privatize the profits, its all good for everyone, except those who don't have millions to play with.

Click to expand...

Drama you are absolutely right

If the government has to borrow your retirement money when things are supposed to be so good, under what conditions can it repay the money? Or is that government IOU in your retirement account merely a promise to either tax you a second time or stiff you on the benefits you thought you were paying for? In the last 8 years, during what are supposed to be record setting good times, the Federal government has nearly DOUBLED its debt load. The estimated interest on the debt equals all the personal income tax paid by all Americans. Our government is so deep in debt that it cannot get out

Bitch about it all u want its never gonna change we are gonna go help other countries and not ours ,and we are gonna continue to bomb other countries and then when we level there shit go back months later and rebuild for them .........

Stop buying foreign cars !!!

hahaha stop buying foriegn cars hell with the cost of american built cars and your wages, cost of living,how can you afford any other

2011 Most Fuel Efficient Cars by EPA Size Class* (excluding Electric Drive Vehicles)EPA ClassAutomatic TransmissionFuel EconomyManual TransmissionFuel EconomyCityHwyCityHwyTwo-SeatersHonda CR-Z 4 cyl, 1.5 L, Auto (AV-S7), Regular Gasoline
3539Honda CR-Z 4 cyl, 1.5 L, Manual (M6), Regular Gasoline
3137MinicompactsMINI Cooper
4 cyl, 1.6 L, Auto (S6), Premium Gasoline
2836MINI Cooper
4 cyl, 1.6 L, Manual (6), Premium Gasoline
2937SubcompactsFord Fiesta SFE FWD
4 cyl, 1.6 L, Auto (AM6), Regular Gasoline
2940Toyota Yaris
4 cyl, 1.5 L, Manual (5), Regular Gasoline
2936CompactsLexus CT 200h
4 cyl, 1.8 L, Automatic (CVT), HEV, Regular
4340Volkswagen Golf
4 cyl, 2.0 L, Manual (6), Diesel
3042 Volkswagen Jetta
4 cyl, 2.0 L, Manual (6), Diesel
3042MidsizeToyota Prius Hybrid
4 cyl, 1.8 L, Auto (CVT), HEV, Regular Gasoline
5148Hyundai Elantra
4 cyl, 1.8 L, Manual (6), Regular
2940LargeHonda Accord
4 cyl, 2.4 L, Auto (5), Regular Gasoline
2334Hyundai Sonata
4 cyl, 2.4 L, Manual (6), Regular Gasoline
2435Small Station WagonsAudi A3
4 cyl, 2.0 L, Auto (S6), Diesel
3042Volkswagen Jetta SportWagen
4 cyl, 2.0 L, Manual (6), Diesel
3042Midsize Station WagonsKia Rondo
4 cyl, 2.4 L, Auto (4), Regular Gasoline
2027

2011 Least Fuel Efficient Cars* EPA Vehicle ClassVehicleFuel EconomyCityHwyTwo-SeatersBugatti Veyron, 16 cyl, 8.0 L, Auto (S7)815MinicompactsAston Martin DB9, 12 cyl, 5.9 L, Manual (6)1117Aston Martin DBS, 12 cyl, 5.9 L, Manual (6)1117SubcompactsBentley Continental GTC FFV, 12 cyl, 6.0 L, Auto (S6)11†18†CompactsRolls-Royce Phantom Coupe, 12 cyl, 6.7 L, Auto (S6)1118Rolls-Royce Phantom Drophead Coupe, 12 cyl, 6.7 L, Auto (S6)1118MidsizeBentley Continental Flying Spur FFV, 12 cyl, 6.0 L, Auto (S6)11†18†Bentley Mulsanne, 8 cyl, 6.8 L, Auto (S1118LargeRolls-Royce Phantom, 12 cyl, 6.7 L, Auto (S6)1118Rolls-Royce Phantom EWB, 12 cyl, 6.7 L, Auto (S6)1118Small Station WagonsCadillac CTS Wagon, 8 cyl, 6.2 L, Auto (S6)1218Midsize Station WagonsMercedes-Benz E350 4matic (wagon), 6 cyl, 3.5 L, Auto (7)1623

only 1 ford fiesta for mileage other then thinking it would be a faster way to go bankrupt driving a gas guzzler

NoDrama said:

debts are easier to pay, but old people who live on a fixed income, families who live from paycheck to paycheck (40% of the nation), people on disability, and people who save currency will all be 100% fucked by inflation. Those people will all starve to death, but hey its all good as long as the Fed can provide $3.3 trillion so foreign banks don't go belly up. Socialize the losses, privatize the profits, its all good for everyone, except those who don't have millions to play with.

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No, they wont. The poor are essentially immune to this issue over the long term because most of their income is tied to - and adjusted for - inflation (entitlement income, minimum wage increases). In the short term however, sure, people will have $20 less a week to spend on groceries.. But it's worth it if it forces the rich to spend that money they're sitting on because the end result will be economic growth - which means jobs (and in a better time, wage increases... unfortunately inequality is at levels only seen prior to the Great Depression).

The positives outweigh the negatives.

mame said:

No, they wont. The poor are essentially immune to this issue over the long term because most of their income is tied to - and adjusted for - inflation (entitlement income, minimum wage increases). In the short term however, sure, people will have $20 less a week to spend on groceries.. But it's worth it if it forces the rich to spend that money they're sitting on because the end result will be economic growth - which means jobs (and in a better time, wage increases... unfortunately inequality is at levels only seen prior to the Great Depression).

The positives outweigh the negatives.

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What jobs? With the ever expanding population and the lower need for manual labor that doesn't equal out.

420God said:

What jobs? With the ever expanding population and the lower need for manual labor that doesn't equal out.

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Our economy relies on the service/retail industries to create jobs. Manual labor(manufactoring, etc) has been a diminishing force in our economy for decades.

mame said:

Our economy relies on the service/retail industries to create jobs. Manual labor(manufactoring, etc) has been a diminishing force in our economy for decades.

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No kidding. Think about how many students graduate each year and head into the working world, there are not as many leaving it and sure as hell not as many new jobs being created.

No worry. I'll pay you back later....