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Topic: National Debt...did you know?
Jess642's photo
Fri 05/11/07 03:25 AM
Did you know the USA's national debt stands at

$8,824,658,310.68?

Can you even say that figure?noway

Jess642's photo
Fri 05/11/07 03:27 AM
The Outstanding Public Debt as of 11 May 2007 at 10:25:47 AM GMT is:

$8,824,658,310,304.68

The estimated population of the United States is 301,849,432
so each citizen's share of this debt is $29,235.32.

The National Debt has continued to increase an average of
$1.42 billion per day since September 29, 2006!
Concerned? Then tell Congress and the White House!



--------------------------------------------------------------------------------

Jess642's photo
Fri 05/11/07 03:34 AM
How much is this support for war overseas costing YOU, and each of your
children, your elderly grandparents, parents?

Each and every citizen is in debt to the song of nearly $30 000
dollars..not including credit cards martgages....this is your
government's debts...


How much has this war cost you?

Fanta46's photo
Fri 05/11/07 05:03 AM
approaching $450 million, the war............

Fanta46's photo
Fri 05/11/07 05:05 AM
sorry billion,, 450 billion


To put the number in perspective, President Bush has dedicated more than
$1.8 trillion to tax cuts. The cost of the Iraq war is nearing $450
billion. And this year's federal budget is about $2.8 trillion.

Jess642's photo
Fri 05/11/07 05:19 AM
The debt game

When politicians (of both parties) talk about the debt, they don't like
talking about $9 trillion, so they add up all the funds, as shown above,
and talk about the "debt held by the public." They call this the
"national debt," and they call its yearly increase the "deficit."

But this way of talking makes it sound like the money put into Social
Security and into government and military pensions funds, all of which
is borrowed by the General Fund, is not owed to the public. But it is.
That money came from everyone's paychecks (FICA) and is owed to them in
retirement. Every president has promised to keep that money safe. So,
really, the whole $9 trillion is owed to the public.

In fact, over $2 trillion of what they call "held by the public" is
actually held by foreign interests, while 100% of what is owed by Social
Security is owed to Americans.

How did the General Fund end up $9 trillion in the hole? Tax cuts and
spending increases--largely military spending increases, plus there is a
little debt left over from WWII. Check when and how did the national
debt accumulate?

Jess642's photo
Fri 05/11/07 05:22 AM
Congress Sets New Federal Debt Limit: $9 Trillion
by David Welna


Enlarge Federal debt has risen from $542 billion to more than $8
trillion since 1975. Debt as a percentage of Gross Domestic Product,
once at 34.7%, is now above 60%. NPR


Morning Edition, March 16, 2006 · Faced with a potential government
shutdown, the Senate votes to raise the nation's debt limit for the
fourth time in five years. The bill passed by a 52-48 vote, increasing
the ceiling to $9 trillion. The bill now goes to the president.

The debt now stands at more than $8.2 trillion.

Like many cash-strapped Americans who have maxed-out credit cards, the
federal government has hit its limit for borrowing funds to keep
operating. If the limit isn't raised, the government likely will run out
of borrowing authority within days, risking a shutdown.

When President Bush took office five years ago, the national debt was at
$5.6 trillion; since then, big budget surpluses have collapsed into huge
deficits, and the debt has shot up nearly 50 percent.

Few lawmakers, though, wish to be on record as authorizing more debt --
the House goes so far as to hike the limit automatically. And Senate
Democrats are telling their Republican counterparts not to expect any
help from them, particularly in an election year.

If any amendments are attached to the Senate's debt measure, the House
would be forced to vote on raising the limit -- the last thing many
lawmakers seeking re-election want to be on the record as doing.

Treasury Secretary John Snow wrote congressional leaders last week,
imploring them to immediately raise the $8.2 trillion debt limit. The
House has put the new limit at $9 trillion.

Fanta46's photo
Fri 05/11/07 05:36 AM
And when one of them talks about real solutions, Like John Edwards is
doing, they bash him.
I like him myself for his honesty, but even the political page for him
on here he is bashed.....

People dont even care that he is talking about Taxing his self,
he is talking about putting the current administrations tax cuts back on
people making more than $200,000 a year...
I think he is at least being honest

davinci1952's photo
Fri 05/11/07 05:42 AM
did you know that they have stopped reporting how much
money they are printing?...
this is the reason the stock market is doing so well..
nothing to do with business...everything to do with the
flood of dollars hitting world markets..


need to abolish the federal reserve...huh

Fanta46's photo
Fri 05/11/07 05:54 AM
Or get true leadership...
Dont you think eliminating the federal reserve would amount to anarchy?
Im interested, just not good with economics....
<---------------Dummy....LOL

no photo
Fri 05/11/07 05:59 AM
I don't know much about this stuff, basically I can't even balance my
own checkbook, I am rather mathtarded..but it seems to me this number
goes up jus a lil more each day ...so like how do we ,the people ,stop
this?

Jess642's photo
Fri 05/11/07 06:08 AM
Boycott...write to your congress men and women...read up on it... I am
some dumb aussie on the other side of the world Cherub...and I am
nervous...our economy is driven by yours, and when your doesn't look
great, ours is f**ked, add to that this nation is on it's last drops of
water, and we here are in a bad way.

Please educate yourself, read, hunt, ask questions, the double check the
information.

I am not trying to lead you astray// I am asking you to think...open
your eyes and look.

This is not about bashing Americans...this is about a whole big mess for
many countries that your government got you into, and us.

Jess642's photo
Fri 05/11/07 06:12 AM
Cherub...the debt is going up $1.42 BILLION a day...what could you do
with $1.42 BILLION?

Fanta46's photo
Fri 05/11/07 06:14 AM
I do jess, I really do, but you can read and unfortunately their are
many sheep in America. Between them and the ones that are just
uninformed of the issues I seem to be preaching to empty seats. I wont
give up, but I get pissed and drive many away......drinker drinker

no photo
Fri 05/11/07 06:14 AM
Didn't think of it as American bashing Jess...but I didn't know that it
affected other countries, now that I do will get informed and contact
my congress persons. Thank you Jess for opening my eyes and mind.

horseracer's photo
Fri 05/11/07 07:07 AM
I think this is the best post i have seen on here i hope everyone reads
it

adj4u's photo
Fri 05/11/07 08:10 AM
from
http://www.bea.gov/national/index.htm#gdp
----------

gross domestic product
in billions of dollars

13,246.6
remember that is in billions
--------------
previous post

Did you know the USA's national debt stands at

$8,824,658,310.68?

Can you even say that figure?
--------------
that is
8.9 bllion
sounds low to me
--------------
the 8,824,658,310,304.68
sounds more like it

which =8,825.6 billion
--------------

8,825.6 / 13,246.6 = 66.6 of the national domestic product
--------------

what a beastly number huh

interesting

adj4u's photo
Fri 05/11/07 08:16 AM
oooopppsss


forgot this part

gross domestic product

13,246.6 billion
////////
.301 billion
================
+44008 per citzen share of gdp
-29235 " " debt
_________
14,773 " " profit
________________________

i want mine now

laugh laugh laugh laugh laugh

adj4u's photo
Fri 05/11/07 08:23 AM
i wonder how much of the national debt is caused

by illegals using govt programs

hhhhhhhmmmmmmmmmmmmmmmmmmmmm

workman43's photo
Fri 05/11/07 08:38 AM
why do we not have the same rights as the mexicans here in our
country..and why do they get part of my s.s when i retire and havent
done any thing here..they get anything they want..while the poor and
suffering American born get no help...mmmmmmm seems one sided to me

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