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HOOOOOOOOLY $HIT!!! US National Debt (OMG!!!)
Just checked our national debt. did you know there's actually a site showing our debt, down to the penny?
http://www.publicdebt.treas.gov/opd/opdpenny.htm
Assuming that national debt is repaid at about $4 Bln/year, we're looking at about 20 - 30 years of debt repayment, at aproximate slice of about $25,000 per EVERY person (adult, child, retiree), broken down into convenient monthly payments for the next 360 or so months.
Now, if your family has 4 people, you're looking at your share of $100,000 war tab (not counting the accumulated interest and dollar devaluation). Give or take.
Want to chip in?
I really hope you didnt just find out how fucked we are. I hope that you were smart enough to realize this and not vote for good old George in 2004.
Apparently the national debt counter is fuXored because it's unable to display double digits lol...
yeah thats if we pay it today! as in the entire balance... add in all the time that it will take to pay it off with interest etc. its a lot more then 8Trill... that will actualy pay... much like when you buy a new car... longer you finance the more your payin overall. we are fuked
Whom exactly do we owe? Which countries, and for what?
And what about countries that owe us?
Re: HOOOOOOOOLY $HIT!!! US National Debt (OMG!!!)
| quote: |
| Originally posted by emc^2 Now, if your family has 4 people, you're looking at your share of $100,000 war tab (not counting the accumulated interest and dollar devaluation). Give or take. Want to chip in? |
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| Originally posted by HardTranceProd Whom exactly do we owe? Which countries, and for what? And what about countries that owe us? |
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| Originally posted by tribu Other countries, domestic and foreign countries, etc. |
Good luck with invading Iran.
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| Originally posted by hardcore trancer Good luck with invading Iran. |
Relax, the U.S. is not going to go bankrupt. There's a little thing called the debt ceiling which they will have to raise in order to avoid this.
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| Originally posted by Kapedan The day will come, we dont want leaders like that of Iran in this world, maybe you do but..what do you know, your on thier side. |
The USA owes a shitload of money to Japan, Canada, Saudi Arabia, and the ever mounting debt is now with China. (Plus the USA owes tonnes more countries than the ones I listed).
But who's going to call in the debts? Probably none of the above mentioned countries, in 50-60 years perhaps China will start to call in on some of them to make itself even richer, but apart from China I don't think there are many countries with the political/economic/military power to go head to head with the USA in a volatile trade dispute.
And to hardcore trancer, China will probably invade the middle east in a decade or two, and take all the oil away, so I'd quit worrying about the USofA and worry more about the 1.3 billion oil hungry Chinese that are going to be rolling through Iran + company. It sounds like bs I guess, but it makes sense, Chinese style of doing business is a quick fix these days. They want resources, so they get them. Chinese don't give two shits about any other country on earth except themselves, they also dont give two shits about the environment or human rights, so to be entirely honest you had better hope the USA invades Iran because otherwise someone bigger and meaner will do it.
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| Originally posted by hardcore trancer You really think Irans preident is any better then Bush? You said you dont want leaders like that in the world?well thats actually how most people feel about your coward of a leader. p.s. America doesnt have the balls or do they have the money to even atttack Iran.They will get their nukes just like pakistan and India and did and nobody will stop them. |
because we propobly have more nukes that any other country in the world, idiot.
A few thousand more than anyone else in the world, but that was the result of a stupid arms race with the Soviets.
Truth be told, no big power is going to nuke another big power. And on top of that the only semi-plausible situation of a country being agressive with nuclear weapons (IE: Nuking someone) would be pakistan nuking Israel, which is most likely the only way THAT conflict in the middle east will ever end, or perhaps Iran will do it if they get theirs built.
Just cause you have nukes, doesn't mean you can kick the shit out of everybody, that's why armies still exist, to beat up on smaller countries if need be. Nukes just act as a safeguard against other countries that have them. Meaning to say that, the USA and Pakistan could never get into an all out war because it would lead to nukes being fired, therefore those two countries are safe from eachother.
Anyways back to the debt issue, the debt will just keep climbing until a democrat gets in there, but then the United States people will look over the fact that they're less in debt and look for social issues again, and the Republicans will show up and spend all the money and establsih 50000000000 new government departments and then yeah, we're back at square one.
Moral of the story, elect the democrats for 500 elections straight, maybe the debt will get paid off. 
| quote: |
| Originally posted by Alex Moral of the story, elect the democrats for 500 elections straight, maybe the debt will get paid off. |
Keep in mind that US does not have to overextend it's military or budget. They just have to let their little pittbull of the leash. You know, the little doggie with balls twice its size - known as Israel? The only reason why Iran still has a standing nuclear reactor is because Israel is on a tight leash with US. That is why Iran is sponsoring Palestinians - they need someone to keep Israel's forces occupied with more immediate problems. Truth be told, I bet that within a matter of minutes there would be nothing left standing from Teheran, if it came to that. Now, the aftermath of it would be anihilistic.
Now, the other issue. China does not only have its hand in a cookie jar. China has the motherf_cking hand in Uncle Sam's trousers and hand firmly clasping his tender and sagging balls. All the tough talk to China is nothing more than... tough talk. That's why the import is so lopsided in China's favor. Like it or not, our economies are tightly intertwined. If US is fucked, China is fucked too.
If US owes China crap load of money, China becomes that landlord who is interested in keeping its tenant employed and credit-worthy.
What pisses me off to no end is the fact that before Bush came into the White House, there was actually a SURPLUS IN BUDGET!!! FUCKING SURPLUS! That means we were not in negative BUT IN POSITIVE territory!
His tax breaks (for rich buddies) is what helped amplify the effect. The rule of economics shows us that the effects of Gulf War I were felt from '99 - 2002... And that was a relatively minor war, which lasted less than a year. Now, imagine how fucked we will be 10 years from now. I smell depression, unless some serious budget manouvers are done ASAP. So, fun times are ahead, boys and girls.
Better start investing in gold now, kids.
...and no, I did not vote for Bush on both occasions...
| quote: |
| Originally posted by hardcore trancer They will get their nukes just like pakistan and India and did and nobody will stop them. |
There is always worry about debt, and there has always almost been some debt or another for the past 40 years, and while it's not a good thing, it's also not as bleak as some would make it out to be.
My guess is that this counter doesn't take in to consideration population growth in this country, hence future contributing tax payers, which always waaaaay off-set the individual's debt towards paying it down in the end...not to mention inflation.
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| Originally posted by Kapedan Right we dont have the balls because we propobly have more nukes that any other country in the world, idiot. |
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| Originally posted by OurManFlint Nuclear weapons does not equal having Balls |
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| Originally posted by OurManFlint Nuclear weapons does not equal having Balls |
If the US doesn't take care of Iran's nuclear facilities, I know Israel will. They have to for their survival.
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| Originally posted by DAW If the US doesn't take care of Iran's nuclear facilities, I know Israel will. They have to for their survival. |
Guys, relax, 8 trillion isn't that much money.
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