Want to see the real numbers of our countries debt?

[sandorski]

Originally posted by: bamacre

Originally posted by: sandorski
Clinton had left the US with a Projected 10 year Surplus of $Trillions.

LOL, please. We're paying for Clinton's bubble right now. Sure Bush certainly was no help, and threw gasoline on the fire, but let's not kid ourselves.

Short memory? Bush's Tax Cuts were based upon those very same Projections.

 

[Ozoned]

I live in a country that could, if it wanted to, print billion dollar bills, and pay off its entire debt, in a matter of a few hours.

 

[bamacre]

Originally posted by: sandorski

Originally posted by: bamacre

Originally posted by: sandorski
Clinton had left the US with a Projected 10 year Surplus of $Trillions.

LOL, please. We're paying for Clinton's bubble right now. Sure Bush certainly was no help, and threw gasoline on the fire, but let's not kid ourselves.

Short memory? Bush's Tax Cuts were based upon those very same Projections.

And those projections were nothing but bullshit.

 

[sandorski]

Originally posted by: bamacre

Originally posted by: sandorski

Originally posted by: bamacre

Originally posted by: sandorski
Clinton had left the US with a Projected 10 year Surplus of $Trillions.

LOL, please. We're paying for Clinton's bubble right now. Sure Bush certainly was no help, and threw gasoline on the fire, but let's not kid ourselves.

Short memory? Bush's Tax Cuts were based upon those very same Projections.

And those projections were nothing but bullshit.

Well, we'll never know now will we, since Bush made sure they'd never happen.

 

[bbdub333]

Originally posted by: Ozoned
I live in a country that could, if it wanted to, print billion dollar bills, and pay off its entire debt, in a matter of a few hours.

DO WANT

 

[heyheybooboo]

Originally posted by: Genx87
When is the 53 trillion due? Once you answer that, while bad, it doesnt look like the end of the world yet.

(grabs chest - feigns heart attack) Daaamn. Gen & I agree on something.

Fixing Part D, dumping Medicare Advantage and reasonably tweaking SS (raising the eligibility age to reflect our longer life span is a good place to start) will set a solid foundation for the future.

That, and taking out a few investment bankers and special interest lobbyists.

And those future 'unfunded liabilities' become less than 2% of GDP.

Think of how much we could cut that amount if we actually practiced preventative health care ...

 

[bamacre]

Originally posted by: sandorski

Originally posted by: bamacre

Originally posted by: sandorski

Originally posted by: bamacre

Originally posted by: sandorski
Clinton had left the US with a Projected 10 year Surplus of $Trillions.

LOL, please. We're paying for Clinton's bubble right now. Sure Bush certainly was no help, and threw gasoline on the fire, but let's not kid ourselves.

Short memory? Bush's Tax Cuts were based upon those very same Projections.

And those projections were nothing but bullshit.

Well, we'll never know now will we, since Bush made sure they'd never happen.

Might want to go look at what Greenspan did during Clinton's administration and see how that played out with the current financial crisis.

 

[heyheybooboo]

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Get one.

 

[bamacre]

Looks like I'm not the one who needs to get a clue.

 

[TallBill]

Want to see the real numbers of our countries debt?

Yes, but you failed to provide them

 

[thumper01]

Originally posted by: miketheidiot

Originally posted by: bamacre

Originally posted by: miketheidiot
social security doesn't have 7 trillion in debt, infact, its closer to 7 trillion in assets

7 trillion in assets? LOL!

http://www.ssa.gov/OACT/ProgData/assets.html

like i said.

The SS fund invests in interest bearing obligations of the U.S. government (Treasury bonds and special issues Treasuries). As of November 30, 2008, the fund held $2.366 trillion in such investments.

The fund does have $6.555 trillion in potential unfunded liabilities over the next 75 years ($4.1 trillion net of investments). That number is just an actuarial estimate and is not set in stone. Changing benefits or taxes will raise/lower that number.