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Experienced Member |
Any one ever wonder just what our national debt is?
Take a look here >>Xhttp://www.youtube.com/watch?v=um0guhNGPPM History has proven government cannot create wealth by expanding it debt and raising new taxes. president hussein with his advisors are hell bent on bankrupting this country. We have one remaining opportunity to stop this. With the 2010 elections we must remove this complete incompetent, his hate filled advisors and their socialist policies form office. Hussein president of all 57 states  Not God Bless America: God Damn America: Rev. Jeremiah Wright  "Free men do not ask permission to bear arms." Commonsense |
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Experienced Member |
I like this one.. Illustrates magnitude of our deficit spending over the 20th and 21st centuries. -http://www.youtube.com/watch?v=P5yxFtTwDcc And then there is this one that illustrates our yearly budget deficit without the social security surplus. -http://www.youtube.com/watch?v=gGgjU-h_xQw Too be honest with you I don't think people really fathom this reality. They can't possibly understand the position we are in. Because if they do and they still condone it or feel comfortable about their children's futures they need to seek mental help. The government can inflate their way out of the national debt by putting all us peons into the poor house. But COLA and raising health care costs will prevent them from inflating their way out of the unfunded liabilities. They can only grow their way out of that. But the growth necessary to keep up is staggering. Even China wont see growth like that. Whats worse is that the numbers used in these graphics are actually far more rosy then reality. The recent recession has thrown things all out of whack. Social Security will be running in the red next year NOT 2017 like depicted in the graphics. This message has been edited. Last edited by: floersh, |
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Experienced Member |
Both of those are good examples. However they leave you with out any sense of how sever the debt is and what it takes to relieve it. At the end you are left with a feeling of so what… I am not opposed to deficit spending. We all use deficit spending when we buy houses cars and so on. However if we abuse our deficit spending we end up bankrupt.. As individuals only a few creditors are harmed. When our nation abuses its deficit spending no matter how fast or how slow the car is going an entire nation of some 300 million people is harmed. This will harm any and all other creditor nation as well. The scope of this damage exceeds comprehension. Hussein president of all 57 states Not God Bless America: God Damn America: Rev. Jeremiah Wright "Free men do not ask permission to bear arms." Commonsense |
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Experienced Member |
See to me when you use our creditor nations (aka china, saudi arabia, japan, etc) I say who cares. And I doubt I'd be alone. To me a better argument is how it will hurt our children.
This video shows what our children can expect from their government as certain programs including interest on our debt blots out their ability to sustain other critical government programs. -http://www.youtube.com/watch?v=uTJVYDDFXPY |
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Experienced Member |
Both President Reagan and Bush increased spending. However both doubled the revenue intake. This was accomplished by applying capitalist principals. History has proven time and time again when these principals are applied they are successful. Our current administration is applying socialist principals and history has proven these methods to be monumental failures. Hussein president of all 57 states Not God Bless America: God Damn America: Rev. Jeremiah Wright "Free men do not ask permission to bear arms." Commonsense |
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Experienced Member |
You raise a valid point floersh. I will explain why I phrased it the way I did. To many people have a whats in it for me me me attitude and could care less what happens to the next generation. So I made it very clear, all some 300 million citizens will be effected . That includes children and the unborn as well. If president hussein succeeds it will be this generation that will suffer the devastation. I also expected the comment “who cares “ when it comes to our creditor nations. This was my thought as well. This attitude of who cares is deadly. We should avoid it at all cost. Why? Very simple. We are in a global economy rather we accept it, like it, or not. When this country decides to withdraw from the global market, that is the day this nation begins it journey to becoming a 3 world nation, accept it, like it or not. Hussein president of all 57 states Not God Bless America: God Damn America: Rev. Jeremiah Wright "Free men do not ask permission to bear arms." Commonsense |
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Experienced Member |
I am a conservative so don't take this the wrong way. But both Reagan and Bush created prosperity through DEBT. Since the end of WWII this nation has never taken on more debt then during these men's terms in the White House. Of course you are right. Obama intends to out do them both. Put together no less. |
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Forums Metrics Management |
Right here Is the latest up to date information about the National Debt. You can see it is in the Trillions of dollars.
Let's make sure to get it right. Thanks to all. "There are those who believe there are two types of people in the world: Those who believe there are two types of people; and those who don't." John Mahoney... |
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That's a joke, son. |
I love it when the cons lecture on the debt.  |
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Forums Metrics Management |
This is a revealing chart. Thanks so much for sharing it with us.
Not taking any sides here, simply sharing the information is good. "There are those who believe there are two types of people in the world: Those who believe there are two types of people; and those who don't." John Mahoney... |
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Experienced Member |
You should. The party in power in both the executive and legislative branches are currently making a deficit that dwarfs anything on your chart. Now let me draw another conclusion from your chart. The only time in the past three decades (??) that the budget was balanced was when the executive branch and the legislative branch weren't held by the same party and the legislative branch was held by the Republicans. This problem is not a party problem. This problem is an American problem. And it doesn't FREAKING matter who is in power where. The deficit is growing to previously unseen levels right now. And no matter what you want to believe two wrongs do NOT make a right. We have already proven that borrowing your way into prosperity does not work over the long haul. Reagan put off what we are dealing with today for nearly 30 years but here we are again in the same place but much further in debt. |
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Experienced Member |
 This should help put some prospective on things. Remember that the deficits back in 2003 - 2007 were pretty darn high. But when put in comparison to those from 2008 and even worse 2009 you can see the magnitude of the change. |
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Experienced Member |
 Here is another one. Compare the debt of 2007 to the debt of every single year out to 2015. These are the White House projections. Even after we get the economy rolling again which is the assumption behind the decrease in the deficits beyond 2009, they are still projecting deficits that are comparable to 2008 and larger than anything preceding 2008. |
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That's a joke, son. |
Yes it is the convergence of a lot of dumb thinking. |
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* |
Yes, we have a lot of debt and deficit. Did you imagine we wouldn't after averting a depression?
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That's a joke, son. |
It has been higher when given as a percentage of our GDP.
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Experienced Member |
First, the jury is still out as to whether we have averted a depression or not. But more importantly, that does not explain away deficits of nearly $1 trillion in 2015 assuming we do avert the depression. At the rate we are going all this deficit spending will do is put off the depression. In the end it will be the debt that destroys the currency and creates the depression. |
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Experienced Member |
Only back in a day when we were the world's largest oil exporter, we had a new and highly prized infrastructure, before Medicare and Medicaid existed, when the follow on generation was larger than the one making the debt, when we were the world leader in manufacturing and the world leading creditor. let us not forget that today the bulk of our GDP is based around WallStreet. The very same WallStreet that would have collapsed into oblivion had they not been bailed out with borrowed money. |
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That's a joke, son. |
It matters little if we are producing cars or services. Money is money. |
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-------------------  Proud Member Derelict Veterans' Group -------------------  |
So after the President spends all the money from stim and tarp, we have a couple of good months and then the government programs run out and the economy goes to hell again. Will you then speak out against te insanity ? Or will you continue to play partisan politics? Todays politics remind me of an old saying. - "Ideas are more powerful than guns. We would not let our enemies have guns, why should we let them have ideas?" - Joseph Stalin |
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That's a joke, son. |
I have been saying all along, we need to reform our medical system and stop the war in Iraq. The rest will take care of itself.
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Experienced Member |
If that is the case why do we have such large trade deficits? |
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That's a joke, son. |
We have this inclination to buy garbage from China. Oh and we export about $1.3 trillion a year. That is a lot of stuff. |
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Experienced Member |
Yes we do export a lot. In fact we have a net surplus in services of $144 billion. Of course $223 billion of our exported services were financial services. Any bets on which direction that number is likely to take going forward?
At present we are a net exporter of food. Barely. Lets hope smarter heads prevail and we retain the ability to FEED ourselves. Seems we don't export much stuff at all. In fact food stuff is the only case we have a surplus and then barely. If you add in oil imports we get buried quite quickly as our service based economy just can't keep up with our desire for food, clothing, tools, electronics, and of course energy.  What is it that all of these graphs share in common? The staggering size of change recently. Have you seen charts on US Domestic savings? This message has been edited. Last edited by: floersh, |
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That's a joke, son. |
US businesses saved nearly $1 trillion in the last quarter alone. It is pretty early for an obituary.
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Experienced Member |
I don't know. Seems the writing is on the wall for anyone that can read. When our only saving grace was a huge surplus in service exports led principally by the very group that nearly collapsed last fall, I'd say we are in a bad position to be running record budget deficits and racking up massive debt. Whats really sick is that our entire national service economy exported less in 2008 then we spent bailing out the financial sector. (AKA TARP) All of which was borrowed by the way. This message has been edited. Last edited by: floersh, |
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New Member |
________________________________________________ The White House couldn't get the Cash For Clunkers Program right, do you honestly believe this projection is worth the paper it is written on? |
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Experienced Member |
We already know their projections are too optimistic for 2010. Chances are they'll be off in the other years too. Some may be better than projected but more likely they'll be worse. Either way we are talking numbers that are significant enough that plus or minus hundreds of billions still puts us in space. Case in point. When these numbers were projected there was a projected surplus of FICA dollars. Since then those FICA numbers have been adjusted to reflect more current data and it is now known that FICA will be running in the red for both 2010 and 2011. Although, I'd bet that the 2011 number is yet another projection that will likely need some revision. Up or down who knows. |
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Experienced Member |
You are correct: However when President Reagan expanded the debt he did so while implementing the Capitalist principal under the Free Enterprise System. This allowed the Fed to double its cash receipts. The net result of Reagan’s debt expansion was a very small and acceptable % of the GDP. President Bush also put in place the Capitalist principal under the Free Enterprise System. This also expanded the Fed cash receipts. Then 9.11.01. The debt exploded as a result of preserving our way of life. Most Americans will agree preserving our way of life is worth what ever the cost. I’m not opposed to debit spending. It is an asset. We all do it in some form. We use it to buy homes, auto and other big ticket items.As long as it is within an acceptable % of our gross income. When we misuse debit spending we go bankrupt. Only a few creditors are harmed. When our government misuses debit spending the entire nation suffers. We currently have a government in place with marxist policies. marxist policies has never created wealth among its citizens. However if misery distributed equality among all citizens is the objective, then the correct government is in place and their marxist policies are currently being forced on all of us. The only beneficiaries of marxist rule are the congress, the senate, the president, and his advisors. Hussein president of all 57 states Not God Bless America: God Damn America: Rev. Jeremiah Wright "Free men do not ask permission to bear arms." Commonsense |
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Experienced Member |
Here is a second by second National Debt indicator. This is a good one to keep on your desktop. You can use it as reminder.
>> Xhttp://www.usdebtclock.org/ Hussein president of all 57 states Not God Bless America: God Damn America: Rev. Jeremiah Wright "Free men do not ask permission to bear arms." Commonsense |
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