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mutluit
Registered: May 2011
Posts: 246 |
10-30-12 10:33 PM
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 30 Oct 2012 at 09:15:08 PM GMT is:
$16,202,743,433,871.04
The estimated population of the United States is 313,781,177, so each citizen's share of this debt is $51,637.08.
The National Debt has continued to increase an average of $3.87 billion per day since September 28, 2007!
Source:
http://www.brillig.com/debt_clock/
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darwin666
Registered: Jun 2008
Posts: 264 |
11-05-12 01:36 PM
well. nothing new.. look at the 50 year chart.. the breakaway is clearly from the 80s. So an entire generation last 33 years has been living on an entitled style. high purchasing power..
http://en.wikipedia.org/wiki/File:USDebt.png
we have somethnig which no one posseses.. the printing press and un ending faith on the USD.. .when peru wants to trade with S Korea, they settle their FOREX in . guess what.. USD!!!!! since we are the defacto currency, the faith is still held. but for how long. .who knows. who cares.!. print away my freind bernanke.. kick the can down the road.. why 16T. why not 20. 30 50T...
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mutluit
Registered: May 2011
Posts: 246 |
11-05-12 06:20 PM
Quote from darwin666:
well. nothing new.. look at the 50 year chart.. the breakaway is clearly from the 80s. So an entire generation last 33 years has been living on an entitled style. high purchasing power..
http://en.wikipedia.org/wiki/File:USDebt.png
we have somethnig which no one posseses.. the printing press and un ending faith on the USD.. .when peru wants to trade with S Korea, they settle their FOREX in . guess what.. USD!!!!! since we are the defacto currency, the faith is still held. but for how long. .who knows. who cares.!. print away my freind bernanke.. kick the can down the road.. why 16T. why not 20. 30 50T...
As the above chart shows, the US debt spirale was started by president Reagan (Republican) in 1981, only Clinton was successful to stop the spirale, but then came Bush...
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darwin666
Registered: Jun 2008
Posts: 264 |
11-05-12 06:34 PM
pl. dont accuse republican or democrat.. both are the same..
this is barrelling towards a big black swan.
only 1 prob. .
who will bell the cat.. .
who can call this bluff..
who can ask US to rein in their fiscal debt..
no country on this planet.. !!!
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toc
Registered: Sep 2004
Posts: 2005 |
11-06-12 12:08 AM
Quote from mutluit:
As the above chart shows, the US debt spirale was started by president Reagan (Republican) in 1981, only Clinton was successful to stop the spirale, but then came Bush...
Reagan debt spiral resulted in world getting rid of communism and socialism in hard flavors.
Clinton did squat-all. He had golden opportunity to cut down defense, even at $100B a year and find savings in other areas and given the internet boom and higher tax revenues, he could have actually brought the debt down. Worst, he created the sub-prime mortgage scheme which caused biggest financial markets crash in 2008 finally. This called for various stiumuls and QE programs which have hidden side effects of their own.
Bush brought in Iraq war, tax breaks for rich, and kept on higher spending in Afghanistan with no end in sight.
Obama did put an end to Iraq and put a date to Afghanistan. But could not do much else. May be put in Obamacare which other side of the aisle does not like a bit.
Politics is what ruins the nations. US can still reverse the damage but there needs to be someone who can BELL THE CAT!
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