U.S. National Debt

[kthx]

Opinions?

Obviously the debt is extremely high. I find it weird that only now are people starting to notice or care about these things (just something I've noticed, not making any references to you). Public opinion and coverage of the debt when it was 20-24k was limited, but now that it's 30-30k everyone's flipping out. I'd like to think it was high when it was at around 15k per person.

I think the problem currently is that the countries caught between a rock and a hard place, you can't turn your back on your people but carrying this load is becoming increasingly difficult. I'm also not sure of the solution to this debt, when taking debt whether it's from a financial institution, government, or private investor it's good to have a plan on how to pay back the money owed. Has America, or rather the current government said how they plan on digging themselves out of this? Possibly, but does any of it make a whole lot of sense to me? Not really.

I feel bad for you guys, but I'll be honest America's debt isn't something that concerns me all that much.

Right, liberal policies and liberal programs giving away money to poor people that don't create work, taxing people who create jobs more, a welfare state is not sustainable but we are still trying pretty damn hard with Socialized Healthcare to make sure were permanently fucked aren't we?

How can you be a liberal and appreciate liberal ideals on the economy when you just pointed out the obvious fact that a welfare state which is a liberal agenda isn't sustainable?

[Cops]

You're bashing liberalism instead of looking at who has contributed to this problem, and throwing it all on liberals isn't fair nor is it factually accurate. Letting capitalists run rampant without any regulation caused this economic downturn. Look a little to your right to see who is to blame.

I'm going going to post a quote, rather than trying to summarize it and possibly butchering it in the process;

"Keynes argued that a lassez-faire philosophy was harmful during economic downswings and that the state should intervene in the economy, encourage low interest rates, and adopt a fiscal policy that injects money into the economy through increased public expenditure or lower taxes." (Global Politics, pg 126)

"While this might require running budget deficits in the short term (in effect, governments would borrow money to spend on public works projects) this would benefit society in the long run by increasing employment, and therefore demand, production, and investment." (Global Politics, pg 126)

fuck citing, the isbn number is 978-0-17-641677-5 if you're curious.

[Cornelius]

Usa borrows money from china
americans get employed and get money
americans buy products from china.

then usa borrows more money.

debt goes up.

[Xog]

Cornelius.

Now that's a name.

[Cornelius]

13 trillions.. Growing faster and faster

The Outstanding Public Debt as of 23 May 2010 at 10:42:19 PM GMT is:

$13,000,317,461,486.50


The estimated population of the United States is 308,428,945
so each citizen's share of this debt is $42,150.12. The National Debt has continued to increase an average of
$4.12 billion per day since September 28, 2007!

http://www.brillig.com/debt_clock/

Look what happened to Greece....

[Ilya]

thanks for the update

[D1st0rt]

Look what happened to Greece....

SALES ARE UP!

[PH]

Brazil National Tree

jk no trees to see here move along folks

[L.C.]

http://www.usdebtclock.org/

[Tigron-X]

Last I checked, I never signed a contract or recieved a dime, so I don't owe a damn thing.

[Squeezer]

so you dutchies, canadiens and other forms of foreign fagbags realize we are never paying that debt back right?

it's called a long con and you will continue investing in our spoiled, consumer culture.

[Galleleo]

so you dutchies, canadiens and other forms of foreign fagbags realize we are never paying that debt back right?

it's called a long con and you will continue investing in our spoiled, consumer culture.

You realize that by never paying that back you'll eventually ruin yourself? And more so because of China than any other country. Because eventually it will kill the dollar, and once it has killed the dollar enough for the world to switch over to a new currency, it's bye bye USA.

[Zeebu]

but ours go to 11

[paradise!]

a little debt never hurt anyone!!!!!!!











































oh wait, poor EU.

[Squeezer]

You realize that by never paying that back you'll eventually ruin yourself? And more so because of China than any other country. Because eventually it will kill the dollar, and once it has killed the dollar enough for the world to switch over to a new currency, it's bye bye USA.

Yes, sort of like how sticking with the Pound completely sunk Britain overnight while the rest of Europe leaves hedonistic fantasy lives thanks to the almighty Euro.

IT WILL BE BY BY USA, POEVERTY FOREVER AND TOMORROW