$16,000,000,000,000 And counting....

[Matt1970]

I am so proud

Our Government has left each and every one of us with $50,900 a piece in debt. Thanks guys and gals.

 

[Charles Kozierok]

Deficits don't matter.

 

[boomerang]

The road to serfdom.

 

[Vdubchaos]

I blame the voters!!!

 

[MovingTarget]

So? Do you have an argument to make here? A solution to propose? If not, then you are merely fishing for responses and contributing nothing. Numbers are meaningless without context. Perhaps I should ask you to put that number into scientific notation or give me the prime factorization of that number or something. It would be just about as useful. :/

 

[dmcowen674]

$16,000,000,000,000 And counting....

I am so proud

Our Government has left each and every one of us with $50,900 a piece in debt. Thanks guys and gals.

Yes, thanks to your Republican heroes.

 

[soulcougher73]

I've given up on caring about the debt. It is SO large it will never get back to 0 at this point. Both sides love to spend albeit on different things, but one side likes to lie about it.

 

[Matt1970]

So? Do you have an argument to make here? A solution to propose? If not, then you are merely fishing for responses and contributing nothing. Numbers are meaningless without context. Perhaps I should ask you to put that number into scientific notation or give me the prime factorization of that number or something. It would be just about as useful. :/

Ya, stop spending so much. BTW, this is Politics and NEWS. Hitting $16 Trillion is news to some of us.

 

[boomerang]

So? Do you have an argument to make here? A solution to propose? If not, then you are merely fishing for responses and contributing nothing. Numbers are meaningless without context. Perhaps I should ask you to put that number into scientific notation or give me the prime factorization of that number or something. It would be just about as useful. :/

How can you be so obtuse?

 

[Matt1970]

Yes, thanks to your Republican heroes.

You're right. Democrats didn't do any of it.

 

[CallMeJoe]

Deficits don't matter...

...until there's a Democrat in the White House.

 

[Smoblikat]

You're right. Democrats didn't do any of it.

of course they didnt, obama has secretly been a republican for the last 4 years, you didnt get that memo? Ill get you a copy of it.

 

[PJABBER]

 

[MovingTarget]

Ya, stop spending so much. BTW, this is Politics and NEWS. Hitting $16 Trillion is news to some of us.

Have you been living under a rock? There have been debt threads here in the past. I'm sure you can find one. Its news to nobody here.

"Stop the spending!!!11One" is so vague as to be useless. Got anything more specific than that? Any other non-spending cut solutions maybe? If your answer is yes to either of those, then you have a thread worthy of starting. Don't pretend that this thread's original intention was purely for informational purposes. You did so to imply what you stated in this post without wanting to say it flat out. That's what you should've done in the first place.

How can you be so obtuse?

I exceeded ninety degrees, my bad.

 

[Miramonti]

There are roughly 1.35b people in China, and ~700m males. There are ~300m people in the United States.

So if my math serves me correctly, at $25 each, $16t is roughly 640 billion bj's for all chinese males. Each chinese male gets 914 bj's, and each american gives ~2,100 bj's.

So it's not so bad once put it in perspective.

Let's save our nation's future generations and get started now! Btw, anyone willing to do 4,200 to cover my 2,100?

 

[berzerker60]

It's not like that debt is coming due soon, or ever. The debt-to-GDP ratio is not great right now and should be addressed long-term, but there's no immediate crisis that has to be solved NOW NOW NOW DAMN YOU OBAMA.

Considering interest rates are well below inflation and people are still eagerly buying government bonds, we're essentially borrowing money at a negative interest rate - that is, getting paid interest to borrow money. As long as there are meaningful ways to spend that money, such as building infrastructure, it would be criminally incompetent NOT to borrow more money right now.

The deficit could also be almost completely closed by letting the "temporary" Bush tax cuts expire. (But shouldn't be done during a recession. We should be deficit spending during a recession.)

 

[Matt1970]

Have you been living under a rock? There have been debt threads here in the past. I'm sure you can find one. Its news to nobody here.

"Stop the spending!!!11One" is so vague as to be useless. Got anything more specific than that? Any other non-spending cut solutions maybe? If your answer is yes to either of those, then you have a thread worthy of starting. Don't pretend that this thread's original intention was purely for informational purposes. You did so to imply what you stated in this post without wanting to say it flat out. That's what you should've done in the first place.

I have something to add. STFU !! Maybe your government spending us into bankruptcy doesn't mean shit to you but it does to a lot of us. And ya, stop spending soo much. You know, cut spending?

 

[Pens1566]

Ah, your chart doesn't exactly paint the picture you'd hoped it would.

 

[shortylickens]

Yes, thanks to your Republican heroes.

So when a Republican takes over for Obama, can we blame Obama after he's been in 4 years?

 

[Charles Kozierok]

So when a Republican takes over for Obama, can we blame Obama after he's been in 4 years?

You think that if Romney wins that there is any chance that will not happen?

They're still blaming Bill Clinton for stuff and he's been out of office for almost twelve years.

This is the party that for most of the last decade acted as if the guy who was president during 9/11 bore absolutely no responsibility for it whatsoever.

 

[CallMeJoe]

So when a Republican takes over for Obama, can we blame Obama after he's been in 4 years?

If Romney/Ryan win and crater the economy, you should definitely blame President Obama for losing an election to two such stiffs.

 

[RampantAndroid]

Err, Obama took office in early 2009, not late 2009. Chart fail.

 

[JEDIYoda]

I have something to add. STFU !! Maybe your government spending us into bankruptcy doesn't mean shit to you but it does to a lot of us. And ya, stop spending so much. You know, cut spending?

Your right -- This forum is called politics and news...yet this forum is for adults!! Please stop your blatantly childish remarks!!

 

[PJABBER]

Err, Obama took office in early 2009, not late 2009. Chart fail.

You would have to point that out.

Obama is working on cutting down the deficit spending, yes he is.

 

[RampantAndroid]

You would have to point that out.

Obama is working on cutting down the deficit spending, yes he is.

Just seems worth noting - more of the debt belongs to Obama than that chart shows.