TranceAddict Forums Archive > Other > Political Discussion / Debate Oct 1st, 2008. It's official. - $ 10,026,824,896,912.49 View this Thread in Original format Capitalizt We finally broke the $10 trillion mark...and this is BEFORE the $700 billion bailout was passed.. http://www.treasurydirect.gov/NP/BP...?application=np Real Time Debt Clock: Debt when the "conservative" took office....5,727,776,738,304.64 = 75.08% increase in 7 3/4 years. Bravo Republicans...Bravo!! *golf clap* Krypton What you fail to realize is we did a lot with that money. We liberated the Iraqis and Afghans. Freedom isn't free! A $1 million cruise missile is a drop in the bucket.. cmay119 quote: Originally posted by Capitalizt We finally broke the $10 trillion mark...and this is BEFORE the $700 billion bailout was passed.. http://www.treasurydirect.gov/NP/BP...?application=np Real Time Debt Clock: Debt when the "conservative" took office....5,727,776,738,304.64 = 75.08% increase in 7 3/4 years. Bravo Republicans...Bravo!! *golf clap* The real time Debt Clock's comma's are off. All of them should move one digit to the right. Sunsnail quote: Originally posted by cmay119 The real time Debt Clock's comma's are off. All of them should move one digit to the right. The numbers are getting so big they didn't have time to program for all the digits hardcore trancer MISSION ACCOMPLISHED Trancer-X quote: Originally posted by Capitalizt We finally broke the $10 trillion mark...and this is BEFORE the $700 billion bailout was passed.. http://www.treasurydirect.gov/NP/BP...?application=np Real Time Debt Clock: Debt when the "conservative" took office....5,727,776,738,304.64 = 75.08% increase in 7 3/4 years. Bravo Republicans...Bravo!! *golf clap* I wonder if this is what the Weimar Republic felt like in early 1921? Check this out: http://en.wikipedia.org/wiki/Inflat...Weimar_Republic pkcRAISTLIN quote: Originally posted by Trancer-X I wonder if this is what the Weimar Republic felt like in early 1921? Check this out: http://en.wikipedia.org/wiki/Inflat...Weimar_Republic another example of trancer posting about things he doesn't understand. give us a single modern example of hyper inflation in the US. oh, you can't? well, just another non sequitur from you :rolleyes: Trancer-X Some people are obviously incapable of seeing that which is right in front of them. The Fed has given up on the dollar and I guess I don't blame them. Oh, and someone is also incapable of reading. I said early 1921. Hyperinflation didn't kick in until mid to late 1921. quote: The German currency was relatively stable at about 60 Marks per US Dollar during the first half of 1921 You :clown: No wonder you're always so lost on this board. You don't even comprehend what you read. XaNaX You do realize that this is an oversimplification of the issue right? And also that the national debt as a fraction of GDP is not even close to historic highs right now? And that the US is barely in the top 30 countries with the highest public debts as a percentage of GDP? And that Japan, Canada, France, Germany, and Italy all have higher public debts as a percentage of GDP than we do? Looking at public debt without factoring in the GDP is like looking at historical monitary values without factoring in inflation. The real problem we need to worry about is not the current national debt but the future unfunded obligations (SS, Medicare, and Medicaid). CLICK TO RETURN TO TOP OF PAGE

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