9.25.2005

My Head Is Spinning

The Gross National Debt

18 comments:

Anonymous said...

Looks like a lawyers bill LOL

Anonymous said...

Looks just like my gasoline bill!

wizard said...

Looks like a republican controled economy.

Condoleesa said...

I can't wrap my head around that kind of number so after a point,it kinda gets meaningless. I know it is a pretty big hole to be in and that we are going to have to do something about it. I don't have an answer.

I think we need to quit sending money to third world countries where the funds never make it past the corrupt governments.

I would probably also legalize most drugs and see if we couldn't tax them like alcohol and cigarettes. We could bring money into the economy by allowing farmers to raise opium and etc here so the $ stayed here and didn't flow out to Afghan warlords and Latin American drug cartels. We could also disband the DEA and save money there. The jobs could be converted to quality regulation and drug rehab. We would save a ton on funding to house drug criminals too. I can't imagine that usage would really go up much though. I think people that are gonna take drugs will do it if they are legal or not and the ones that don't still won't.

Anonymous said...

The common phrase is "I can't define obscenity but I know it when I see it" I have just seen it.

Anonymous said...

And the lizard is back from hell everybody run

Anonymous said...

You might just have something there dondoleesa.

Anonymous said...

It looks like Clinon's bill from when he was in office......oh wait! He didn't do anything! my bad.

Anonymous said...

How much can we put you down for Barry?

wizard said...

And Nona (that's Anon backwards for backwards thinking people)9:39, hell's coming with me.

Anonymous said...

The debt is huge and increasing. Please recall that when Clinton left office, there had been several years of SURPLUS budgets. The congress even raised taxes and the economy boomed along. Then the fically conservative (?) Bush administration comes in a spends like never before AND cuts taxes. Result: bigger and bigger deficits that someone, some day will have to pay. Maybe we can sell bonds to China and Japan and Saudi Arabia for awhile - but what if they stop buying devalued treasury bonds? Those countries will control your children's and grandchildren's future. Not a situation I'd be proud to leave them. But Bush doesn't care - just spend and let someone else's daddy bail 'em out just like his daddy did for him.

Atticus said...

According to the U.S. Treasury Department the National Debt just before President Bush took office was: $5,656,270,901,615.43

Anonymous said...

atticus, Yup, the debt was even higher before it was whittled down during Clinton's term. In round numbers, the debt has increased over $2,173,000,000 during Bush's term. (that's over 2 TRILLION dollars and doesn't count all this Iraq and hurricane spending!!)

Please note that the other $5 trillion debt had been built up in the previous 225 years of our country.

Atticus said...

One final note is that on 12/31/1980, the Fed Debt was: 930,210,000,000.00

Anonymous said...

Freedom is expensive. Had our former president had the intestinal fortitude to take care of terrorists, we would not have to blame our current president for the debt. Clinton's "economy" was a beneficiary of two great preceding presidents and the policies of their administrations.

Anonymous said...

I plan to "kick the bucket" before the debt is due! Has anyone figured out what our share is about five minutes ago?? It doesn't matter, I don't have that much money anyway.

natasha8boris said...

Wiz, I'm afraid hell will come with a Demo run govt.

Anonymous said...

My advice: Don't worry about it. The federal reserve is really good about handling the debt and making sure everything is good. If you don't believe me, may I suggest Dr. Evans Principles of Economics class at Tarrant County College. He does an excellent job of explaining it all. I used to freak out about the debt too, but he puts it all into perspective. Its honestly nothing we should worry about.