Debt Clock, very depressing site

Toggle sidebar Toggle sidebar
boomerang

boomerang

Lifer
Jun 19, 2000
18,883
641
126
Depressing?

Become a Democrat. All concerns will float away on a sea of social causes.

Pssst - I've had it in my sig for about a month now.
 
P

Pocatello

Diamond Member
Oct 11, 1999
9,754
2
76
Both parties are irresponsible when it comes to fiscal responsibility. They just disagree on where to spend the borrowed money.
 
ericlp

ericlp

Diamond Member
Dec 24, 2000
6,137
225
106
I posted a million post's on the debt ...

Wow, that made my brain hurt! Too much numbers. It was like reading a annoying flashing add. I liked the old clock better.
 
LunarRay

LunarRay

Diamond Member
Mar 2, 2003
9,993
1
76
Modelworks said:
Probably already known by many but:
http://www.usdebtclock.org/

Now shows the burden of $109, 924.00 owed per taxpayer.
Sitting there looking at that page watching money add up is depressing.


Anyone got their $109K ?
Click to expand...

I don't owe that... the government will tax the rich folks to pay it when and if it needs being paid at all.... or go to hyper inflation and pay it off with inflated dollars worth mills today.

I figure I owe $3.76... it is in my piggy bank.
 
Malak

Malak

Lifer
Dec 4, 2004
14,696
2
0
Well technically if you count the house and car... yep I'm pretty dang close to 110k.
 
dawp

dawp

Lifer
Jul 2, 2005
11,347
2,710
136
Malak said:
Well technically if you count the house and car... yep I'm pretty dang close to 110k.
Click to expand...

not everyone owns a house or a car.

and i'm sure that 109k is spread evenly, not everyone pays the same amount in taxes.
 
Last edited:
StageLeft

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
The unfunded liabilities part is the most silly of all. It always talks about future money required without talking about where it will come from.

The debt per person is interesting, though, the US is going down a bad path along with other western nations.
 
M

Mursilis

Diamond Member
Mar 11, 2001
7,756
11
81
Skoorb said:
The debt per person is interesting, though, the US is going down a bad path along with other western nations.
Click to expand...

That (public debt) does seem to be the Achilles' heel of democracies, doesn't it? People just can't resist the urge to vote themselves other people's money, and when they can no longer do that, they vote themselves future generations' money. Of course, since future generations have no say in the matter, that's hardly very democratic.
 
StageLeft

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
Mursilis said:
That (public debt) does seem to be the Achilles' heel of democracies, doesn't it? People just can't resist the urge to vote themselves other people's money, and when they can no longer do that, they vote themselves future generations' money. Of course, since future generations have no say in the matter, that's hardly very democratic.
Click to expand...
Interesting point and true. Debt thrown down to generations is pyramidal in structure. Each generation can keep piling on more to the other until a breaking point is hit. Considering most western nations have been on this path for decades, increasing debt as a percentage of GDP, it cannot go on forever. Japan may be the first example of how a 1st world country screws itself over too much seemingly endlessly growing debt. They are way ahead of the US in this "race".
 
Chunkee

Chunkee

Lifer
Jul 28, 2002
10,391
1
81
all fine and dandy... no one gives a crap as long as they have cable tv, internet, beer and cigs... This country is based on short term, short sighted, get it now, fuck later, fuck tomorrow, I want mine God Damn it...mentality. Is this really news to anyone. The only thing more depressing than that calculator are the idiots that look at it, watch it...and then are not impacted by it enough to do anything. Go off and text you idiot friends about the neato site you found while drinking your 5 dollar coffee bitching and whining how bad things are, meanwhile 100 families in your community just lost their fucking livelihood. We are all a bunch of scavenging greedy rats...

Yes we can!
 
blackangst1

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
Mursilis said:
That (public debt) does seem to be the Achilles' heel of democracies, doesn't it? People just can't resist the urge to vote themselves other people's money, and when they can no longer do that, they vote themselves future generations' money. Of course, since future generations have no say in the matter, that's hardly very democratic.
Click to expand...

We're a republic, not a democracy. Spending future generation's money is exactly in step with the government we have. We elect people to make choices FOR US, not REPRESENTATIVE of us. I hope you dont do as most Americans do and confuse the two.
 
WhipperSnapper

WhipperSnapper

Lifer
Oct 30, 2004
11,442
32
91
What would happen if the U.S. government just defaulted on the debt or declared it null and void?

Suppose that a political revolution occurs and that the new party declares that the previous governments and political parties were corrupted and that the general populace should not have to suffer for the sins of the Republicans, the Democrats, and the wealthy interests that influenced the government and its failed economic policies.

What would happen? Would other nations attack? Would they just stop trading with us and have nothing to do with us?
 
StageLeft

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
WhipperSnapper said:
What would happen if the U.S. government just defaulted on the debt or declared it null and void?

Suppose that a political revolution occurs and that the new party declares that the previous governments and political parties were corrupted and that the general populace should not have to suffer for the sins of the Republicans, the Democrats, and the wealthy interests that influenced the government and its failed economic policies.

What would happen? Would other nations attack? Would they just stop trading with us and have nothing to do with us?
Click to expand...
I think they couldn't really do anything nor would they want to, but all those people holding the debt would end up screwed, so the economies of the other countries would collapse and so then even if their individual parts were willing to ignore what happened and keep trading they wouldn't be able to. Among other things.
 
SacrosanctFiend

SacrosanctFiend

Diamond Member
Oct 2, 2004
4,269
0
0
blackangst1 said:
We're a republic, not a democracy. Spending future generation's money is exactly in step with the government we have. We elect people to make choices FOR US, not REPRESENTATIVE of us. I hope you dont do as most Americans do and confuse the two.
Click to expand...

Really? Because I thought we were a constitutional republic, in which we elect people to represent us.
 
A

Ausm

Lifer
Oct 9, 1999
25,213
14
81
boomerang said:
Depressing?

Become a Democrat. All concerns will float away on a sea of social causes.

Pssst - I've had it in my sig for about a month now.
Click to expand...

You forget asshole it's your sides love with deregulation that fucked us in the first place.
 
W

wyvrn

Lifer
Feb 15, 2000
10,074
0
0
Ausm said:
You forget asshole it's your sides love with deregulation that fucked us in the first place.
Click to expand...

Actually Clinton started the financial de-regulation. Bush just, very stupidly, continued it.
 
You must log in or register to reply here.

TRENDING THREADS

COMPANY
RESOURCES
FOLLOW
Top Bottom