US federal debt progress over the last four years.

[dennilfloss]

You can see here that it's experienced quite a steady progression. Now over nine trillion dollars. Might have a lot to do with the recent decline of your currency.

http://www.federalbudget.com/

You can also see which parts of the government spend the most money.

I also uploaded the chart to bzzd in case the site gets /.ed.

http://pics.bbzzdd.com/users/dennilfloss/chart.gif

 

[Slew Foot]

Social Security, Medicare, Defense, and interest payments are what 90% of the budget? Not surprised.

 

[StageLeft]

But it's worth it because the war on terror is almost won.

 

[dmcowen674]

Originally posted by: Skoorb
But it's worth it because the war on terror is almost won.

What do we win for nine trillion, 4,000 troops dead and 30,000 wounded?

 

[Jaskalas]

Originally posted by: dmcowen674

Originally posted by: Skoorb
But it's worth it because the war on terror is almost won.

What do we win for nine trillion, 4,000 troops dead and 30,000 wounded?

Stupidity or frothing at the mouth zealotry? One must be true for attributing the entire US budget as "the war on terror".

 

[Auric]

Originally posted by: Skoorb
But it's worth it because the war on terror is almost won.

The War of Terror is not meant to be won. Get with the program.

The doubling of military expenditures over the last decade and spending almost half as much as the rest of world combined must be justified else the military industrial oligarchy will collapse. War is Peace; Freedom is Slavery; Ignorance is Strength.

 

[techs]

the Republican party stands for huge deficit spending.
Which is why I won't for them again. Ever.

 

[rpanic]

On the news last night they said every man, woman, and child now owes over 29,000 with where our debt is now. But we all know they really should just say child because its them along with their children that will be paying for it, makes me sick.

 

[heyheybooboo]

The Federal Debt to the Penny from the US Treasry Dept.

Some conversations in this thread are quite misleading. It is incorrect to lump Social Security into Federal discretionary spending.

Social Security continues to pay its way and will for the forseeable future - until the end of the next decade when it will begin running a deficit. If the pols in DC had the stones they could secure its future for the next 75 years (which is generally considered the limit of actuarial projections).

Of the $9 trillion debt, approximately $3.5 trillion has been looted from Social Security. Maybe Al Gore's *lockbox* was not such a silly idea afterall, huh?

In the last 25 years Uncle Sam has paid over $7 Trillion IN INTEREST on the Federal Debt. The Supply-Siders have accumulated this uncontrolled debt with a process called Reagan-omics or Voodoo Economics. (Interesting - Dubya's daddy actually coined the term Voodoo Economics when he ran against Reagan for President in 1980.) The basis for Supply-Side Voodoo Economics is that tax cuts stimulate the economy and pay for themselves. I think we have 9 trillion reasons not to believe that BS anymore.

Dubya and his daddy are responsible for over 55% of the $9 trillion of Federal debt. Interesting how they embraced Voodoo Economics when they were first opposed to it, huh?

Because of the debt that Dumb Ass Dubya has accumulated over his term as president, future administrations are severely limited and will have to raise taxes and cut services because . . . .

By 2012, interest on the Federal debt will exceed $400 billion a year.

Finally, notice how the Cons stay away from threads like this??? I estimate 3 or 4 more posts before Prof Johnny will post his lies concerning Federal debt and Federal spending.

Don't believe them nor their Voodoo Economics

 

[Jeff7]

:laugh: I love how some people complain about NASA eating up "so much" of the budget.

Originally posted by: Auric

Originally posted by: Skoorb
But it's worth it because the war on terror is almost won.

The War of Terror is not meant to be won. Get with the program.

The doubling of military expenditures over the last decade and spending almost half as much as the rest of world combined must be justified else the military industrial oligarchy will collapse. War is Peace; Freedom is Slavery; Ignorance is Strength.

Hey, we're not there quite yet.

But dammit we're sure working on it.

 

[techs]

How can the Republicans continue to get away with their lies about how they are for balanced budgets and cutting spending?
This has to be the greatest political propaganda success in history.

 

[dmcowen674]

Originally posted by: techs
How can the Republicans continue to get away with their lies about how they are for balanced budgets and cutting spending?

This has to be the greatest political propaganda success in history.

They got away with it because not enough people were negatively affected personally.

That balance has begun to tip out of their favor as many more people and their lives are going down the shitter in this so called great economy built on a house of cards lies.

It's as simple as that.

 

[Craig234]

Originally posted by: heyheybooboo
The Federal Debt to the Penny from the US Treasry Dept.

Some conversations in this thread are quite misleading. It is incorrect to lump Social Security into Federal discretionary spending.

Social Security continues to pay its way and will for the forseeable future - until the end of the next decade when it will begin running a deficit. If the pols in DC had the stones they could secure its future for the next 75 years (which is generally considered the limit of actuarial projections).

Of the $9 trillion debt, approximately $3.5 trillion has been looted from Social Security. Maybe Al Gore's *lockbox* was not such a silly idea afterall, huh?

Right.

In the last 25 years Uncle Sam has paid over $7 Trillion IN INTEREST on the Federal Debt. [/quote]

I need to look up a nice chart showing who receives all that taxpayer money, and the political affiliations.

By 2012, interest on the Federal debt will exceed $400 billion a year.

Finally, notice how the Cons stay away from threads like this??? I estimate 3 or 4 more posts before Prof Johnny will post his lies concerning Federal debt and Federal spending.

Don't believe them nor their Voodoo Economics

Right. That's why the righties call it 'starving the beast'; when they can't get the public to vote away spending good for them, they get the interest so high there's no budget left.

It's the crazy sort of thing the rabid right-wing ideologues think is ok.

 

[Moonbeam]

I wonder what life would be like if the budget for the National Science Foundation were as big as the Dept of Defense.

 

[techs]

Originally posted by: Moonbeam
I wonder what life would be like if the budget for the National Science Foundation were as big as the Dept of Defense.

Heck, we could spend the weekend on Mars. Or warp to Alpha Centauri for our vacations. Which we would need quite often since we would live to be 200.....

 

[WhipperSnapper]

This sort of thing can happen when your nation's economy is in the dumps and you have more money flowing out than what's flowing in.

 

[Jhhnn]

Why risk your money in capitalist enterprise when you and your international cronies can obtain the world's safest securities, and own the US govt at the same time?

Not to mention that federal borrowing soaks up excess overseas dollars, holding their value artificially high, facilitating offshoring of such funds and the associated jobs as rapidly as possible.

And, yeh, when it all gets too heavy, then it'll be teh ebil social programs that have to go, because we can't afford 'em, given the interest payments on the debt... owned by the international financial elite... nevermind that SS will have been a cashcow for over 30 years when that happens, effectively a surtax on wages below $90K, based on the false promises of the hero of the rightwing, RR himself...

The only way that SS can remain solvent is for the govt to have the fiscal integrity to borrow to pay back the trust as required to meet projected obligations, and the Repubs are just making sure that can't happen, making sure Uncle Sam's credit line is tapped out when we get there...

It's a form of looting, make no mistake about it...

Look past the end of your nose to see who benefits and who doesn't- just follow the money.

 

[LegendKiller]

Originally posted by: WhipperSnapper

This sort of thing can happen when your nation's economy is in the dumps and you have more money flowing out than what's flowing in.

The problem is, tax receipts have almost never been higher. Deficit spending is fine, provided you're doing it when you *need* the money and you repay it when you *have* more. However, Reagan, Bush Sr., and Dumbya never learned that lesson. They spend whether times are good or bad and they don't care, provided their legacy is intact.

 

[rpanic]

http://www.brillig.com/debt_clock/faq.html

Sure has grown a lot since Regan. Only slowed down for Clinton.

 

[jonmcc33]

Wow, so Bush pretty much doubled our national debt during his reign of terror on the US? What an ass clown.

 

[trenchfoot]

i can just hear the fringe right thinking out loud:

what's the problem with all of this deficit spending if the super rich are the ones that are profiting from it and won't be paying any taxes to reduce it (the deficit)?

 

[LegendKiller]

Originally posted by: jonmcc33
Wow, so Bush pretty much doubled our national debt during his reign of terror on the US? What an ass clown.

No, he added about 50% more, it was at about 6tr when Clinton left, now its 9tr. It'll probably hit 10 by the time he is out and the next one can hopefully reduce the damage.

 

[charrison]

Originally posted by: LegendKiller

Originally posted by: jonmcc33
Wow, so Bush pretty much doubled our national debt during his reign of terror on the US? What an ass clown.

No, he added about 50% more, it was at about 6tr when Clinton left, now its 9tr. It'll probably hit 10 by the time he is out and the next one can hopefully reduce the damage.

And GDP(now almost 14T) has made a similar move so the debt to GDP has only gone up slightly in the past few years. Not nearly as bad as many want it to sound.

 

[JD50]

Originally posted by: charrison

Originally posted by: LegendKiller

Originally posted by: jonmcc33
Wow, so Bush pretty much doubled our national debt during his reign of terror on the US? What an ass clown.

No, he added about 50% more, it was at about 6tr when Clinton left, now its 9tr. It'll probably hit 10 by the time he is out and the next one can hopefully reduce the damage.

And GDP(now almost 14T) has made a similar move so the debt to GDP has only gone up slightly in the past few years. Not nearly as bad as many want it to sound.

Good point, thats probably why it has been ignored.

Edit - Although, I am still thoroughly dissapointed in the out of control spending of Bush and the Republicans in congress. They'd still have my vote if they would have cut spending, like a good conservative should.

 

[Craig234]

Originally posted by: charrison

Originally posted by: LegendKiller

Originally posted by: jonmcc33
Wow, so Bush pretty much doubled our national debt during his reign of terror on the US? What an ass clown.

No, he added about 50% more, it was at about 6tr when Clinton left, now its 9tr. It'll probably hit 10 by the time he is out and the next one can hopefully reduce the damage.

And GDP(now almost 14T) has made a similar move so the debt to GDP has only gone up slightly in the past few years. Not nearly as bad as many want it to sound.

And all the growth in the GDP after inflation has gone to a small percent at the top, so it is as bad as many want it to sound.