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View Full Version : U.S. debt clock, ticking away


Bone
July 13th, 2010, 04:31
This is sobering. The numbers don't bode well.


http://usdebtclock.org/index.html
cheezyflier
July 13th, 2010, 05:19
those numbers don't tell you the scariest 2 facts of them all:

1) the government mortgaged american soil to the chinese to partially fund those bank bailouts nobody wanted.

2) the nat'l debt is within 10% of th GDP think about what that means
brad kaste
July 13th, 2010, 05:22
Yikers,....those numbers click away a lot quicker than I can blink.......
Snuffy
July 13th, 2010, 06:11
Just saw a news article yesterday that said every man woman child and newborn in the U.S. is officially 48,000 dollars in debt.

:kilroy:
HouseHobbit
July 13th, 2010, 06:29
Does anyone remember when this was all paid off, and we were in the green?
And what happened to the laws requiring that this be paid off..
Oh that's right we no longer care..Bummer
Rami
July 13th, 2010, 06:32
This has got to be the scariest thing I've every seen.
brad kaste
July 13th, 2010, 09:25
....My father had a very simple approach towards money: "Don't buy it if you can't pay for it" Unfortunately, our federal, many states, and local governments see it otherwise.....
CybrSlydr
July 13th, 2010, 09:29
Does anyone remember when this was all paid off, and we were in the green?
And what happened to the laws requiring that this be paid off..
Oh that's right we no longer care..Bummer

It hasn't been paid off since you were a child.
Naismith
July 13th, 2010, 09:42
This is sobering. The numbers don't bode well.


http://usdebtclock.org/index.html


These things are unnecessary scare-mongering and should be viewed with great scepticism. We live in a capitalistic society. Debt is how capitalism functions.
txnetcop
July 13th, 2010, 09:43
I can't say what I really want to say or I will banned into OBLIVION! So I will settle for...this is just ridiculous to put ourselves in this position. I hope those we are mortgaged to the hilt to don't call in their marker!
Ted
CybrSlydr
July 13th, 2010, 09:48
My apologies - I was thinking budget surpluses, not national debt.

The closest we've been to paying off the national debt was in 1835 when it was $33,733.05.

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm