Debt Tops 13 Trillion

[2forISU]

Federal debt tops $13 trillion mark - Washington Times

 

[CY9008]

dang he has aged since he's been in office!
look at that vein. lol.

 

[bos]

Are we winning?

 

[Clones21]

I didnt know we lived in the year 20010 (at the caption of pic)

 

[iowast8fan]

Our government continues to be a great example on the american people on how to be financially responsible.

 

[CycloneJoe]

This country needs change we can believe in

Somebody who will actually cut spending

I am just not sure who that is

 

[bos]

This country needs change we can believe in

Somebody who will actually cut spending

I am just not sure who that is

Will never happen. We try to please everyone whether they deserve the benefit or not.

 

[iowast8fan]

This country needs change we can believe in

Somebody who will actually cut spending

I am just not sure who that is

Ross Perot for President 2012!!! He had a plan to eliminate the deficit by gradually increasing taxes on gasoline.

 

[JY07]

This country needs change we can believe in

Somebody who will actually cut spending

I am just not sure who that is

Walmart

 

[VeloClone]

Will never happen. We try to please everyone whether they deserve the benefit or not.

It better happen some day or we are setting ourselves up for a big fall. All it would take would be China to say one day, "we are buying no more US debt". It could happen very quickly right now as a matter of fact!

 

[bos]

It better happen some day or we are setting ourselves up for a big fall. All it would take would be China to say one day, "we are buying no more US debt". It could happen very quickly right now as a matter of fact!

This is the most likely outcome. Either this or the US needs to have something everyone wants and needs. Honestly the other part of the world is probably just kicking back, waiting for us to consume ourselves then take over. It starts financially, then resources, then division of population. Its ugly and I wish I had the magic answer to fix it. Too bad it took 13 trillion to really generate the buzz. Why was there no concern back at 1 million? :wink:

 

[iowast8fan]

It's alarming because in 1992 when the country was up in arms about our federal deficit, and it was one of the leading factors in the race for president, the deficit was only $290 billion.

 

[jdoggivjc]

This is the most likely outcome. Either this or the US needs to have something everyone wants and needs. Honestly the other part of the world is probably just kicking back, waiting for us to consume ourselves then take over. It starts financially, then resources, then division of population. Its ugly and I wish I had the magic answer to fix it. Too bad it took 13 trillion to really generate the buzz. Why was there no concern back at 1 million? :wink:

There was, it was largely ignored. Just like it was ignored at $1 trillion, $5 trillion, and again at $10 trillion. The same people that were whining about us crossing $12 trillion are now "rah rah-ing" the spending over the last 1.5 years that pushed us over $13 trillion. Bottom line is America's going to have to crash before people get the picture.

 

[iowast8fan]

It's alarming because in 1992 when the country was up in arms about our federal deficit, and it was one of the leading factors in the race for president, the deficit was only $290 billion.

Sorry, that was our budget deficit, not our debt. The debt in 1990's was actually around 3 trillion.

 

[bos]

There was, it was largely ignored. Just like it was ignored at $1 trillion, $5 trillion, and again at $10 trillion. The same people that were whining about us crossing $12 trillion are now "rah rah-ing" the spending over the last 1.5 years that pushed us over $13 trillion. Bottom line is America's going to have to crash before people get the picture.

I hate owing a friend 5 bucks let alone people I dont know 13 trillion.

 

[thatguy]

set gas at 4.00 per gallon no matter what the barrel is selling for. then use the money made from that to pay for government programs, and to help pay off the national debt. this would also help with environmental controls and help local farmers stay in business. This might be viewed as stupid or can't work, but hell if the government wants to control everything we might as well make it worth our while.

 

[DaddyMac]

Sorry, that was our budget deficit, not our debt. The debt in 1990's was actually around 3 trillion.

Little staggering to think the deficit was only that 20 years ago. Now the debt increases that much pretty much over a holiday weekend.....:no:

 

[jdoggivjc]

I hate owing a friend 5 bucks let alone people I dont know 13 trillion.

Amazon.com: The Coming Economic Earthquake - ECPA Book of the…

A very good read. Other than Burkett being off by a couple of decades, he's spot-on.

 

[tejasclone]

This is the most likely outcome. Either this or the US needs to have something everyone wants and needs. Honestly the other part of the world is probably just kicking back, waiting for us to consume ourselves then take over. It starts financially, then resources, then division of population. Its ugly and I wish I had the magic answer to fix it. Too bad it took 13 trillion to really generate the buzz. Why was there no concern back at 1 million? :wink:

The US is the chief exporter of Lady Gaga and Taylor Lautner. Surely there are enough people in the world to want that and pay us for it, right?

 

[VeloClone]

There was, it was largely ignored. Just like it was ignored at $1 trillion, $5 trillion, and again at $10 trillion. The same people that were whining about us crossing $12 trillion are now "rah rah-ing" the spending over the last 1.5 years that pushed us over $13 trillion. Bottom line is America's going to have to crash before people get the picture.

Unfortunately, we are heading for a "Rise and Fall of the Roman Empire" type of crash rather than a Greek economy scale of crash.

I hate to sound like Chicken Little, but that is my opinion.