trillions?

[ckitsker]

i hear that the us is indebt for about 4 or 5 trillion dollars, and i was wondering if every nation had this same problem? are people in like england, germany, france and other such big country have the same problem?

[chakruh]

yeah, thats something i dont get... who do we "owe" that money to?? ourselves? the world?? i dunno

[drgreenthumb1238]

Saudi Arabia maybe?

[chakruh]

but i believe that other countries wouldnt owe nearly as much... i wonder how china is financially

[187]

i doubt the us is in debt that much there prolly isn't that much money in the world maybe i don't know but thats quite a bit of money

[chakruh]

it' is called the "Federal deficit"
http://www.brillig.com/debt_clock/
we (the public,lol) owe 8 trillion dollaz...hollla

[ckitsker]

are you kidding, how much do oyu think it cost to send ppl to the moon? billions, and all adds up becusae america really doesnt pay much of it back, i also found out that when you pay for a savings bond, that its really your loaning the goverment your money? and after the amount of time it says on your saving bond that you can collect it, the goverment is just paying you back with interest what you loaned them, whcih in some sence is driving us into greater debt, which is y i sy we should boycott saving bonds, and who the fuck likes them anyways?

[mrdevious]

America has by far the largest debt in the world, just to clear that up.

on an interesting note, Bush alone managed to have the US debt go up over $2 trillion just in his term.

[nickx760]

America has by far the largest debt in the world, just to clear that up.

on an interesting note, Bush alone managed to have the US debt go up over $2 trillion just in his term.

thats because bush is a fucking idiot

[Omni05]

and racist :D

[almigster]

Yo man. It is Bush. With Clinton the country was in great shape. It did not owe even 250 billion and bushed has fucked are country up bad. What sucks is this his last term (thank god) but he is going to leave the debt and so many problems to the next president.

[nickx760]

^i kno, someone should shoot bush, not kill him,just u know pop him in the knee or something, something painfull

[mrdevious]

thats because bush is a fucking idiot

He's certainly done a great job of setting american society back 20 years in some ways, a hundred in others.

[mellow mood]

america's debt is around 5000 billions

they borrow their money like any other countries from the mondial bank. actually its not real money. everybody know they will never pay all this. but im not too well informed about those economic things.

anyway all what i can say is that usa cant afford any other wars

[koshea]

hm, well im not sure if you know this or not, (sounds like you dont) but America doesnt owe other countries money, they in fact owe the american people money, and the national debt is accually a good thing in some cases. when the americans won the revolutionary war, we owed britan around 25 million dollars in war debts, however, no one had 25 million dollars. the british knew we didnt have the money so they decided to use that as a justifyable reason to keep troops in the north american continent. The american government, desparite to remove the british from america, came up with the idea to createsavings bonds. by doing this they were able to pay off all debts to britan and other countries (france, the netherlands, ect). but they didnt so much pay off the debts as they did transfer them to the american people who bought the bonds. the government is in debt to its self , and the american people who hold bonds. how can trillions of dollars in debt be good? it makes the american people who hold bonds and such have a real say in the government. the government is fincially dependant on the people of america and it creates one government for the people. and for all you people knocking on bush shut the fuck up, bush is dumb but he got elected, dont elect somone then bitch about him sucking in office, its your own damn fault, and if you didnt vote for him, then you may see that american republicanism is bullshit, leave the country, and if your too young to vote and think bush is a tyrant your a fucking dipshit becuase no decision he makes effects your little punk ass. ive been gone watcin yall for too long, had to drop a line

[DazedandConfused]

dont they pay it to those really rich families.

[tstone1776]

hm, well im not sure if you know this or not, (sounds like you dont) but America doesnt owe other countries money, they in fact owe the american people money, and the national debt is accually a good thing in some cases. when the americans won the revolutionary war, we owed britan around 25 million dollars in war debts, however, no one had 25 million dollars. the british knew we didnt have the money so they decided to use that as a justifyable reason to keep troops in the north american continent. The american government, desparite to remove the british from america, came up with the idea to createsavings bonds. by doing this they were able to pay off all debts to britan and other countries (france, the netherlands, ect). but they didnt so much pay off the debts as they did transfer them to the american people who bought the bonds. the government is in debt to its self , and the american people who hold bonds. how can trillions of dollars in debt be good? it makes the american people who hold bonds and such have a real say in the government. the government is fincially dependant on the people of america and it creates one government for the people. and for all you people knocking on bush shut the fuck up, bush is dumb but he got elected, dont elect somone then bitch about him sucking in office, its your own damn fault, and if you didnt vote for him, then you may see that american republicanism is bullshit, leave the country, and if your too young to vote and think bush is a tyrant your a fucking dipshit becuase no decision he makes effects your little punk ass. ive been gone watcin yall for too long, had to drop a line

The gov borrows from the world bank and from other countries along with savings bonds.

Even though a person may be to young to vote doesn't mean that Bushes decisions don't effect them. The stuff he has done will effect our grandchildren who arn't even born yet

Dipshit.

[anycraic]

yeah 5 trillion is quite a lot of pocket change, but the u.s economy (the second biggest in the world) is worth about 12 trillion, which is a serious amount of f'ing dough

[Anonymous]

dude america is gona get bombed!!!


thanks bush

[yocass]

Actually most of the debt is credit card debt, mortgages, and student loans. Last time I checked those 3 areas made up around 50% of the national debt. Its dumbasses who wont get a job and go bankrupt/dont pay their credit cards that is fuckin us up. Of course bushes taxes/war doesnt help. But it would still be better if people just got their lazy asses a job and quit spending money they dont have. It irks me when people get a 30k credit card, spend it all, and only make 20k a year.

[ckitsker]

man i say america should buy a small country then if were the second biggest money maker, and make all the people of that counrty be our slave labors, and then sell cheaply made sovineres made with the blood and sweat of he young slave children who died making it, and then nabe, just nabe we could pay back out debt

p.s. this was jsut a joke for all of you tigh ass people who take some of these posts way to seriusly, and it probally doesnt help i got a buzz on

[somebody someone]

debt rocks! big up norton finance!!

[GHoSToKeR]

I'm sure this is something ArtRollins could explain, i'm surprised he hasn't already..

Basically your government spends money it doesn't have. It prints it's own paper money when it doesn't actually have the funds to back what it prints. At the same time it's paying for things that it can't afford, like illegal wars in the Middle East.

Did you know that every day the US government has to borrow about $1.5 billion from the rest of the world to fund the big ass gap between it's exports and imports. And China funds a huge part of your deficit, so if they decided to pull out, so to speak, your economy would pretty much go into a recession. Your whole economy basically relies on the money of other countries to survive. Good luck with that, Lol.. :)

http://www.newyorkmetro.com/nymetro/news/bizfinance/columns/bottomline/14639/

[flamingskullballs]

it is...

were in debt...millions of dollars, trillions of dollars, millions of dollars, billions, tens, none, we got our paycheck, yay

[yocass]

And China funds a huge part of your deficit, so if they decided to pull out, so to speak, your economy would pretty much go into a recession. Your whole economy basically relies on the money of other countries to survive. Good luck with that, Lol.. :)

http://www.newyorkmetro.com/nymetro/news/bizfinance/columns/bottomline/14639/
as would Chinas if they decided to. They rely on us paying high prices for their cheap goods. And every country is in debt, majorly. Its the way the world works. We've written off trillions of dollars of loans to other countries too. But you know, who would want to not let another country go into recession? Thats just stupid to let other countries feed their people, right?

[GHoSToKeR]

Deny, deny, deny.

[robert42]

promote promote promote

[GHoSToKeR]

Wang, wang, wang.

[the last stand]

ker, ker, ker?

[robert42]

co co co

[anycraic]

china could pull out of america it would still have canada, europe and the rest of the world, so it wouldnt be as fucked as the us

[koshea]

The gov borrows from the world bank and from other countries along with savings bonds.

Even though a person may be to young to vote doesn't mean that Bushes decisions don't effect them. The stuff he has done will effect our grandchildren who arn't even born yet

Dipshit.


i dont wanna argue becuase i know alot about economics and from your short post alone i can tell you dont.

however, bush's decisions dont affect people who are from age 0-17, after that, they do affect them. minors dont suffer the consequences of the governments actions, the active citizens of the USA do, in fact in the eyes of the law you arent even TRULEY a US citizen with american rights untill you are 18 or an emancipated minor. YES when they get older it will affect them, it will affect our grandchildren, but guess what, they arent complaining about that, they are complaining about their lives sucking now becuase of bush.

BUSH DIDNT MAKE WEED ILLEGAL FOLKS, just becuase hes our political figurehead dosent mean hes to blame for all of our problems. who here has ever dissed our senators or congressmen, or representatives in the house? no one, because alot of you are stupid bush bashers who know NOTHING about government. IS the american governmental system fucked up. YES. does it have to be. NO. is it bush's fault. NO. get off your ass and do somethin about it if your so concernd.


-rant finished

[flamingskullballs]

all i have to say is...

...hello

[yocass]

i dont wanna argue becuase i know alot about economics and from your short post alone i can tell you dont.

however, bush's decisions dont affect people who are from age 0-17, after that, they do affect them. minors dont suffer the consequences of the governments actions, the active citizens of the USA do, in fact in the eyes of the law you arent even TRULEY a US citizen with american rights untill you are 18 or an emancipated minor. YES when they get older it will affect them, it will affect our grandchildren, but guess what, they arent complaining about that, they are complaining about their lives sucking now becuase of bush.

BUSH DIDNT MAKE WEED ILLEGAL FOLKS, just becuase hes our political figurehead dosent mean hes to blame for all of our problems. who here has ever dissed our senators or congressmen, or representatives in the house? no one, because alot of you are stupid bush bashers who know NOTHING about government. IS the american governmental system fucked up. YES. does it have to be. NO. is it bush's fault. NO. get off your ass and do somethin about it if your so concernd.


-rant finished

nuh uh. Its all Bush's fault. Duh. He started all the wars too. Its not like wars need approval or anything.

[dirtyhippy420]

i dont wanna argue becuase i know alot about economics and from your short post alone i can tell you dont.

however, bush's decisions dont affect people who are from age 0-17, after that, they do affect them. minors dont suffer the consequences of the governments actions, the active citizens of the USA do, in fact in the eyes of the law you arent even TRULEY a US citizen with american rights untill you are 18 or an emancipated minor. YES when they get older it will affect them, it will affect our grandchildren, but guess what, they arent complaining about that, they are complaining about their lives sucking now becuase of bush.

BUSH DIDNT MAKE WEED ILLEGAL FOLKS, just becuase hes our political figurehead dosent mean hes to blame for all of our problems. who here has ever dissed our senators or congressmen, or representatives in the house? no one, because alot of you are stupid bush bashers who know NOTHING about government. IS the american governmental system fucked up. YES. does it have to be. NO. is it bush's fault. NO. get off your ass and do somethin about it if your so concernd.


-rant finished

NO bush didn't fuck everything up single-handedly, but he sure as hell didn't help. With you immense knowledge of economics you surely remember that when Clinton left the white house our country was no longer running in a deficit. Now as you surely know we have a huge deficit, now what has changed between now and then? Well lets see... we have a new president who first official move was to give the American people a kickback (I'm sorry I mean a refund) with money he didn't have. Then he set about trying to plunge us into conflict (give us back our plane or we'll... we'll... damn china has a big military, what's Iraq doing?), and as you obviously know that war eats up money. We have a republican congress (oh man I think I 'm about to diss some congressmen) who's plan to decrease the deficit is to cut government spending. Their plan is to cut welfare which would certainly help, but they don't want to cut all of the welfare, oh no, the only want to take it away from the poor citizens. What about the billions we spend on corporate welfare? We the taxpayer are paying to keep corporations afloat, poor GM can't sell enough of their crappy cars to break even, so they asked for a bailout. Now it seems to me (again I'm not the economics wiz here) that if your company's product can't hold it's own, then the company should go under. If this were a mom and pop establishment There wouldn't be a question about it, it would be no more. Now GM lays off employees every month, and yet we still pay for them to function. Where is that money going? Into the pockets of CEO who feel that even if they aren't running a booming company, they should still live like it. For some reason Congress has no problem with this but when a poor black family can't get by on their $5.75/hour (no one can live on that) that's too fucking bad they should have done better. Also, how the hell can you say that Bush's decisions don't affect minors? Who do you think the ridiculous No Child Left Behind Act is affecting? If bush's bullheaded diplomatic policies happen to encourage a terrorist to set of a bomb in a public place, will the minors not be blown up? If, let's say, a child's father goes halfway around the world to fight a war we were tricked into. Then happens to have his Blackhawk shot down by and RPG, but then survives the crash only to be shot in the face, that doesn't affect said child. Just because they canâ??t vote doesnâ??t make them any less important. You sir, are a fucking moron.

[ckitsker]

wow i think i finally started a good thread, since i figure thier seems to be also a political view on this, has any one seen the movie ferienhieght 9/11( please dont mind the spelling, im to high to care)