http://www.cnsnews.com/news/article/...debt-first-100
The federal government has ac ulated more new debt--$3.22 trillion ($3,220,103,625,307.29)—during the tenure of the 111th Congress than it did during the first 100 Congresses combined, according to official debt figures published by the U.S. Treasury.
That equals $10,429.64 in new debt for each and every one of the 308,745,538 people counted in the United States by the 2010 Census.
The total national debt of $13,858,529,371,601.09 (or $13.859 trillion), as recorded by the U.S. Treasury at the close of business on Dec. 22, now equals $44,886.57 for every man, woman and child in the United States.
(more details at link)
Just my immediate family (myself, wife, two kids, two grandkids) now owes $269,319. Damn.
You really don't get it, do you?
The stupid ignorant masses like Duff McCartney are gonna bear the brunt of the fallout.
My kids will be fine.
What fallout? Hasn't there always been a national debt in this country? And when has any nation ever attempted to call in that debt or they would attack. Answer...none.
The fact that the United States spends the most on its military just put people at ease. I don't see you complaining about the generation prior that was racking up debt as well.
Being probably the world power has its advantages, and one of those advantages is that no one threatens the United States with debt.
How will your kids be fine?
Well, for one thing, unlike you they both have a good work ethic and marketable skills...
he's delusional..
If things are as bad as you say they are your kids are f*cked as well...
You really don't get it, do you?
The stupid ignorant masses like Duff McCartney are gonna bear the brunt of the fallout.
My kids will be fine.
Keep ing off, sleeping late, and playing xbox. Everything will be fine.
No I'm laying awake at night sweating the national debt and how it is going to affect my family..oh wait it won't affect my family because my offspring are ugly but smart..
sincerely,
the paranoid cosmic cowboy
If politics and current events don't affect you, then why are you wasting your time in a political forum?
While I agree that the national debt is as much a worry now as it has been at least the last 15 years years (at 16 I worried about the national and followed the 96 elections pretty closely), I do have to disagree that your kids will be fine (unless they have dual citizenship). If the country does go into a debt induced downward spiral, then it won't matter who you are, you will be adversely affected in a very very bad way.
I was being facetious to a certain extent because of the attacks from the peanut gallery. I've lived through modest inflation and 20%+ interest rates and it's not pretty. I know it will affect everyone.
Are those dollar amounts adjusted for inflation? Todays trillions are yesterday's billions.
man, 20% inflation, crazy. I remember my parents telling me in 1997 that they were paying off our old house (we moved from there in 1994, but still owned it). I asked them where they got all of this money from, and they told me they had opened a 15 year cd for just over 10k in 1982. I am sure you can guess the rest.
There's a difference between having it affect you, and bring up posts like this that mean absolutely nothing. Yeah the debt is rising...and? The debt of this country has been rising since it was first founded..maybe even more so.
It would have been nice to hear your reservations about spending during the invasion of Iraq and advocating for us to leave both Iraq and Afghanistan and cut the spending there. But you weren't.
I have said repeatedly in this forum we should get the out of Iraq and Afghanistan.
Are you REALLY that dense?
You honestly think there is no tipping point? That debt can just rise forever? With no ramifications? Do you not see the Fed monetizing debt?
Yeah, math is clearly not something you understand.
"Reagan proved deficits don't matter."
- Cheney, Dark Sith
And how much more will they owe after the $828 Billion tax cut package that was passed hits the bottom line?
Dumb.
It wasn't a tax cut. It was an extension of the current tax rates.
Now if you want to debate raising taxes on everyone thats a whole different thread.
I think everyone in here will agree that getting the deficit under control (if it's even possible at this late date) will require raising taxes and massively cutting spending.
I do believe absolutely there is a tipping point and the debt can't rise forever. But to pretend like this is a two year phenomenon is ridiculous. Maybe you were or were not advocating for massive cuts in spending when the last administration was in, I don't know.
But I do know that the problem runs deeper than this administration will ever be able to remedy. Maybe it's the way the entire system is run, because raising taxes and cutting pork projects is barely a dent in the debt. It would take massive cutting of defense spending to also bring the debt down. But nobody is willing to do that.
Duff, next time at least read the linked article before you recite your "I'm a cool liberal" cue cards.
It had all the numbers.
It's called exponential growth.
As you are starting to sense, it's a structural problem and not a Republican/Democrat problem.
EVERYTHING needs to be cut and it needs to be cut now.
As you said about defense, ain't gonna happen.
EVAY ain't dumb, and you went rhetorical.
Whatever you call it, it adds around $800B to the deficit.
And you're all for it, correct?
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