11-08-2010, 05:54 PM
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#1
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Threadkiller
Join Date: Oct 2003
Location: 51.0544° N, 114.0669° W
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US Debt Clock
2012 can't come fast enough for some, it seems.
http://www.usdebtclock.org/
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11-08-2010, 05:59 PM
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#2
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Realtor®
Join Date: Feb 2009
Location: Calgary
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I wonder how accurate all of that is lol!
Still a cool find and i believe that the states will recover.
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11-08-2010, 06:09 PM
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#3
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Franchise Player
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It's going to be a long painful recovery for the United States.
The most cornering item in those figures is the rapid growth post 2000, a nearly 60% increase in national debt.
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11-08-2010, 06:12 PM
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#4
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Franchise Player
Join Date: Jan 2008
Location: Tampa, Florida
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it's all bushes fault!
__________________
Thank you for everything CP. Good memories and thankful for everything that has been done to help me out. I will no longer take part on these boards. Take care, Go Flames Go.
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11-08-2010, 06:19 PM
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#5
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Franchise Player
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That's a pretty optimistic picture. The debt has almost tripled in the last 10 years, but is only going to be up 27% over the next 5 years? Not bad.
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11-08-2010, 06:33 PM
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#7
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First Line Centre
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Could be worse.....look at Ireland  http://www.bloomberg.com/news/2010-1...-update1-.html
They have a worse budget deficit then Greece....Per capita the bank bail out Irelands government authored is the equivalent of the US having TARP x 5.
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11-08-2010, 07:34 PM
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#8
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Lifetime Suspension
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This is what I don't get, everyone is in debt. So lets just say the entire world is in debt. Who exactly is the entire world in debt to? Aliens? You would think there would be someone reaping the benefits of all this money owed.
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11-08-2010, 07:37 PM
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#9
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Franchise Player
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Quote:
Originally Posted by pylon
This is what I don't get, everyone is in debt. So lets just say the entire world is in debt. Who exactly is the entire world in debt to? Aliens? You would think there would be someone reaping the benefits of all this money owed.
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This may partly answer the question.
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The Following 2 Users Say Thank You to V For This Useful Post:
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11-08-2010, 07:40 PM
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#10
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Lifetime Suspension
Join Date: Sep 2005
Location: Lethbridge
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Quote:
Originally Posted by pylon
This is what I don't get, everyone is in debt. So lets just say the entire world is in debt. Who exactly is the entire world in debt to? Aliens? You would think there would be someone reaping the benefits of all this money owed.
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The entire world is in debt. I think it was $52 trillion or so....
Who are we all in debt too?
The same private cartel who created the Federal Reserve in 1913...
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11-08-2010, 07:42 PM
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#11
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Lifetime Suspension
Join Date: Sep 2005
Location: Lethbridge
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11-08-2010, 07:46 PM
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#12
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Lifetime Suspension
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Since the entire freakin world then is in debt to itself, why can't the world just agree to forgive the debt to everyone and start from zero again with a more realistic and sustainable tax model to avoid the same thing. I don't get economics.
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11-08-2010, 07:50 PM
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#13
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Join Date: Mar 2006
Location: Now world wide!
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Quote:
Originally Posted by pylon
Since the entire freakin world then is in debt to itself, why can't the world just agree to forgive the debt to everyone and start from zero again with a more realistic and sustainable tax model to avoid the same thing.
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China is not impressed with your plans.
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The Following 2 Users Say Thank You to flylock shox For This Useful Post:
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11-08-2010, 09:18 PM
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#14
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Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by pylon
This is what I don't get, everyone is in debt. So lets just say the entire world is in debt. Who exactly is the entire world in debt to? Aliens? You would think there would be someone reaping the benefits of all this money owed.
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This is the fascinating and also confusing part about economics. While people borrowed and borrowed over the past decade or so, that debt became someone elses asset. Its a closed system; so if one person makes a lot of money, someone else loses a lot of money.
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11-08-2010, 09:40 PM
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#15
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First Line Centre
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Where are these numbers coming from?
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11-08-2010, 09:41 PM
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#16
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Took an arrow to the knee
Join Date: Mar 2006
Location: Toronto
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I can't wait for 2012 to come and for the debt to automatically get reset! That's what happens, right? Obama loses and the debt goes back to $0? That's what people have been telling me.
__________________
"An adherent of homeopathy has no brain. They have skull water with the memory of a brain."
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11-08-2010, 09:44 PM
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#17
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First Line Centre
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Quote:
Originally Posted by HPLovecraft
I can't wait for 2012 to come and for the debt to automatically get reset! That's what happens, right? Obama loses and the debt goes back to $0? That's what people have been telling me.
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Actually what really happens is; in December 2010, on an arbitrary day during some time zone (I think Newfoundland Standard Time) the world will begin to crack in half and John Cusak will fly a plane through these cracks and reset the world credit thus saving us all. The end.
Edit: Also I'd like to add there will be tax cuts that the republicans will bring on, while flying on giant eagles with bear heads.
Last edited by Yasa; 11-08-2010 at 09:54 PM.
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11-08-2010, 09:48 PM
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#18
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Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by Yasa
Actually what really happens is; in December 2010, on an arbitrary day during some time zone (I think Newfoundland Standard Time) the world will begin to crack in half and John Cusak will fly a plane through these cracks and reset the world credit thus saving us all. The end.
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Not true....you forgot about the tax cuts that the republicans will bring in to save everything.
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11-08-2010, 10:10 PM
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#19
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First Line Centre
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Quote:
Originally Posted by Slava
Not true....you forgot about the tax cuts that the republicans will bring in to save everything.
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That and Ron Paul (and others) are pushing for a new Gold standard again....down goes fiat... http://investmentwatchblog.com/daily...gold-standard/
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