Topic: National Debt...did you know? | |
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Did you know the USA's national debt stands at
$8,824,658,310.68? Can you even say that figure? |
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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! -------------------------------------------------------------------------------- |
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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? |
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approaching $450 million, the war............
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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. |
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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? |
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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. |
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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 |
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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... |
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Or get true leadership...
Dont you think eliminating the federal reserve would amount to anarchy? Im interested, just not good with economics.... <---------------Dummy....LOL |
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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? |
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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. |
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Cherub...the debt is going up $1.42 BILLION a day...what could you do
with $1.42 BILLION? |
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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...... |
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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. |
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I think this is the best post i have seen on here i hope everyone reads
it |
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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 |
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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 |
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i wonder how much of the national debt is caused
by illegals using govt programs hhhhhhhmmmmmmmmmmmmmmmmmmmmm |
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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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