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With interest rates rising care to guess where the level of payment on the debt is going?
How much will we have to hike taxes to pay for it all? That is the only real Bush legacy...
Dubya has contributed $3 Trillion dollars in debt
English PravdaThe USA’s national debt is increasing by $2.43 billion everyday. People expect the state debt to top the ten trillion dollar mark in the next few years.
A special huge electronic display in New York which shows in real time the size of state debt will not be able to cope with such a high figure. In 1989 the national debt clock was placed in Times Square so that Americans could see how effectively their government was working. At the time the national debt stood at 2.7 trillion dollars.
Yesterday at midday Moscow time the debt stood at $8 369 526 197 055.36. It even rose yesterday by $604 million. If the figures are to be believed, yesterday every American family bore a debt of almost $90 000.
Developer Douglas Durst owns the clock and his father erected it. He hoped to make Americans understand the economy better. The clock worked fine for ten years but in the run up to the new millennium it crashed. In its final moments the clock read that the national debt was $5.7 trillion and that the family share of the debt was $74 000. Durst believed that such a level of debt would not last long and he was right. Within two years the debt had started to grow at an unprecedented rate.
but it's liberals who would drive the economy into the ground if you are to believe the wing-nut press.
With interest rates rising care to guess where the level of payment on the debt is going?
How much will we have to hike taxes to pay for it all? That is the only real Bush legacy...
It's a very short-sighted way to look at the economy. Sure it's humming along now that the FEDS have pumped billions, , trillions of dollars to get the economy kick-started again instead of just going through the usual down business cycle.
The problem is neither side up in D.C. is good for as far as reigning in spending goes. They all want to fund their pet projects, and the rest of the country.
It's a total fraud on both sides of the aisle.
Um, which party controls both houses of congress and the presidency?
which side wastes over 400 billion in defense ervey year? That's right it's those hawkish dems, ers.
Um, which party controls both houses of congress and the presidency?
Which party has ever showed restraint on spending?
ps: it's a trick question
Clinton is dark blue; Dubya in red (always in the red)
Again, dan, I have shown you the national debt and it has gone down in
Clinton is dark blue; Dubya in red (always in the red)
any year. How many times you gotta be proven wrong. There was no
surplus and national debt was not reduced during Clintons era.
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