@DarkosApprentice Oh yeah? Imagine that you make $30 thousand a year and you have a $18 thousand debt. So you you have to feed your family, pay your rent, pay for gas, for christmas you give some gifts to your children, you just normally spend your money. I am curious how much money would you be able to return to your bank.
Is our money safe in the banks? It's supposed to be insured but if the government is out of money and can't afford to get out of trillions of dollars in debt...how can they insure our savings in the banks???
I don't know whether I should rush down to my bank and get my money out or what....I....I....not sure what to do
The worlds finances are going to hell fast....the capitalistic system is coming down like a stack of dominoes
In fact: for every single person in america there is a debt of 30.000 dollar, back 5 years now.
That would probaly be 60.000 dollar per person these days..
Giving your government 20 dollar, wont make any difference.. In fact: every company,every other country would be bankrupt by now long gone. The usa isnt, but will be in a few years.
@scott30428 People, which do it, don't send their children.
btw, 11.09 they(it was not Al Quaeda, american government needed Pearl Harbour) killed a pile of young americans, but now they can begin the war at any place they want by the name of anti terrorists war, or fight against Al-Quaeda.
FYI Al Quaeda is an american project. It was made by CIA as a result of Operation Cyclone. 1979-1989
Sanchez you big Lib! Where are you now? Now that the democrats controlled congress for 3 years and the white house for 2.5 years and damn near DOUBLED the debt to 14 Trillion! Phony! Hypocrite!
It will cost the state, city,county millions of tax $-$ to handle these illegals. We R cutting budgets in all dept's to make the $-$ we have stretch.
Illegals do not care anything about being a legal citizens. They don't believe N-R Constitution. They R not true Americans nor want to be. These people don't care if U or anyone else will have a home or food . America is a cash cow for these illegals. It goes to show how really blind we R to what politicians have done to R-country!
U.S. 4-star General Wesley Clark (Ret.), explains that the Bush Administration planned to take out 7 countries in 5 years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, Iran (2007 upto 2012)
/watch?v=bX7hMj2NKTc
"Japan’s government, threatened with more HAARP attacks, pays 60 trillion yen to Feds"
@blazemk what do you think we're doing in Afghan in irag intruding democracy?...wrong we're stealing the oil for ourself hell yh baby hooray to capitalism
There is a new book called Future babbles. It looks back at past predictions and some are hilarious. One prediction was the russians would overtake the US by 1985. LOL!
Like, so true & horrible then (at time of video posting), and even more true & horrible today. USA is effectively bankrupt (or would be) except for its continued ability to borrow. Still, borrowing capability is a finite thing which at some point must end. USA's "credit card" is close to being maxed, at which time it will be game over. So scary, babes!
Why does everyone say Bush drove the economy into the ditch. That's just lame and untrue. On his way out, Bush turned around and shit a turd so large on America it left us in a crater. Not a ditch but a BIG FUCKING CRATER! He burned the house of America down and drained the pond. Now the Rabids are crying foul for having to buy water to put out the fire. America's economy is the patient dying on the operating table but the doctors want to discuss the patience's credit score.
For every Nike Shoes sold in the US for $150, the Chinese government and the White House get tax revenues. Assuming the shoes was made in China for $10 bucks (10% GST), Chinese government would receive $1 and the White House $14 ($140 @ 10%.) FYI, the US should have saved 1400% more than what the Chinese government have at any given moment.
Q: where's the dough? Afghanistan? FED bankers?
(Mainstream media has successfully deflect your attention away by feeding you with hatred towards China.)
@casienwhey..dude, were not in debt, the news doesnt tell us everything because they cant find out everything they want, what the news says usually doesnt matter, its only yhere to divert your attention...do you really think our government; one of the most smartest designed structured groups, and all the smarts it has in its arsenal, is in debt, think about it, there is a piece of america EVERYWHERE in the world, i bet america controls the world without anybody realizing it, sounds dumb right.
Tho, after I think about it for a moment, the number is $145,000+/head (The debt is $78.8 trillion.)
Plus, the US owe 25% of its economy to China (50% for all the others?). Which means, only 10 bucks out of 20 are really owned by the Americans. Therefore, the number should jump to $290,000+/head.
Meaning? Most Americans would become homeless! Not to mention who wants to buy their homes? They'd rather take an ownership of Coca-Cola company.
The biggest problem isn't actually the debt, it's a combination of everything: high military spending, quality of education worst in developed world, healthcare one of the worst in terms of price/quality in the developed world (at least for the average person), very high obesity rate, US companies getting outperformed by foreign companies, investment in infrastructure is lacking, consumer rights r non existant compared to europe, very high energy use compared to europe, etc...
....The US has high household debts too. Just in every field the result is bad which makes it difficult to see any improvements in the future. Investment is actually needed but debts are at a skyhigh level so the US is in a very bad situation. The US is losing it's good position in every field. The worst thing is for all the money the US borrowed, the US received little in return. On contrary it's way worse now.
BTW These CEO's are actually the decendants of the guys who brought us the Federal Reserve, Council on Foreign Relations, Bilderberg Group, CIA (who just happen to have given LARGE sums of money to the P2 Masonic Lodge) AG Zurich, The Thule Society, and i could go on for days telling more about what i know of this but its best if i just spark your curiosity as the reader
AIPAC and the US government are doing such a good job at liying to the public, while 1000's of american are facing seriouse difficulties to stay afloat , 1000's of homeless,1000's turned to prostitution,1000's turned to crime...etc this government is given $28789,56 a year to every israeli man women child , how about that, yet this month every US state can not afford to pay tax returns to it's citizens, AMERICANS HAVE A LEECHES STUCK IN THERE BACKS SUCKING THERE BLOOD AND THEY DONT EVEN KNOW IT
what on earth does apaic have to do with this? aiapac is a foreign policy lobby group. they dont lobby for increased borrowing so please dont use them as a scapegoat. the money you give to israel is a high interest loan that benefits the USA more than israel. and it's tied aid which means when they get the money, they have to spend it on US companies.
What nobody ever talks about is how money is created out of DEBT. The governments exchanges treasuries to the Federal Reserve in exchange for dollars (Federal Reserve Notes). The more money there is, the more DEBT there is. Becuz we pay interest to the Fed on that debt, we have to borrow more dollars to pay the interest.. So you see, we will NEVER pay down the debt.. END THE FED.
I just don't know what to think anymore about my country-THE UNITED STATES OF AMERITARD. The national debt will be 14 trillion at the end of 2010, Ameritards demand more and more goodies, no end in sight. On top of that, we have decided to go to war every couple of years in some 6th world craphole. Oh yeah, it is now OUR job to rebuild Haiti, we have already spent 600 million on the most recent disaster, money that is based on our debt to China. This country has the most crazy people running it.
What does one TRILLION dollars look like? All this talk about stimulus packages and bailouts... A billion dollars... A hundred billion dollars... Eight hundred billion dollars... One TRILLION dollars... What does that look like?
none of the above is tru! if US was so much in debt, they wouldt e fighting wars that cost trillions everyday, hence the fact, USA has the world's most powerful banks and runs the world bank as being the biggest money provider to it!
the above video is noting but a brainwashing tool for the people who don't know what their governments are doing! just stop supporting the insane USA government! or for full info watch Zeitgeist Addendum
I just checked it is12 trillion. I don't know about you but I don't see me paying for insane government debt while they are snubbing the constitution at every turn.
"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world." Thomas Jefferson
"Ancient Rome declined because it had a Senate, now what's going to happen to us with both a House and a Senate? " Will Rogers
The Free Enterprise Nation was formed to advocate for the foundation of our American economy - the private sector! Unite with us today to make our voices heard. There are 5 million small business owners and 115 million private sector workers, and we can form a voting block so strong we CANT be ignored!
You don't understand the economic crisis. Have you heard of the federal reserve? Please don't discuss an issue you know nothing about. BTW, Woodrow Wilson (Democrat) is the one who started the national debt.
The debt wouldn't exist btw if politicians simply followed the constitution. Because the constitution is immune to accumulating debts and intense inflation.
@aviomaster THREE WORDS : New World Order, put into motion with a global currency, owned and controlled by the same CEO's who own the Corporation of the United States of America
If you want to risk allowing someone to have the power to actually pursue the goal of creating a "New World Order" and controlling your life with it, then dont look into it at all, call me a crazy conspiracy theorist and await your demise, otherwise try looking it up!
Well. We can't take this seriously unless we know what these bonds net to. We can't play like we don't own some of their debt. Wish they'd make the Fed tell us. Oh well. We can see how much CNN likes to rag on the Fed. Not at all.
Blah blah blah. Pocket change. One could think about it as those countries paying for our military to be there. Good for them. The largest creditor of the United States is the Federal reserve. At the time this was recorded, the Fed owned 50% of the national debt. I wonder why the media doesn't talk about that? Hmm? What this guy meant to say was you "owe" $14,500 to the Fed because our elected officials can't stop spending. Oh ya. Defense spending makes up 20-25% of our average yearly budget.
lol brazil surprised me a lot!! same with Japan and UK, I mean in the UK we're in a lot of debt of our own, not 10 trillion mind lols, but big enough to get the politicians and public into a sweat.
China we all knew about, what i dont get tho is how the US has such financial clout in the world, how it still tosses lots of money to israel, Pakistan, egypt whilst at the same time its 10 trillion+ in debt! Can someone explain wtf is going on here????
Rick Sanchez needs to do a updated version of this. Mr. Sanchez if you read this, please do a updated version of this for 2009-2010. Jesse Ventura and Ron Paul - 2012!
@Aparicio1990 and Obama is $%^king us even more! But Nooooooo.... we didn't want an honest man in the White House, we wanted more of the same!!! You have one more chance to elect Ron Paul - but will you? You know he is right, honest, transparent and worthy but unfortunately there are too many voters receiving handouts and government paychecks to elect him. Only the private sector voter can but he/she must register Republican NOW and exercise their voice at the ballot box and within the GOP.
The more important picture will come from debt-to-GDP ratio. If you look at other countries, the debt-to-GDP ration is worse. Don't look at just one side. $9T sure is a lot and lowering annual debt is a must, but not spending when it's needed (help financial institutions in this economy's case) will result lowering GDP, thus lowering paying power, and will lead to worse situation.
Since Obama got in it is now over 11.5 trillion and growing by the day. Change? I see more of the change with the added bonus of a far left agenda. We are heading South and fast.
I hope the unemployment rate gets better and this deficit spending stops. It pains me to see the working families suffer like they are with this high unemployment rate. The bankers and markets are doing well while the common man suffers.
i quess at least 7 BILLION U OWE TO THE FED IMF WORLD BANK n all 3 are owned by the same people but they NEVER WORKED FOR THAT they robbed you n r daily
he very convinientely seems to forget the IMF world bank fed reserve owners he loose his job if he mentioned them anyway waht to know WHY u r in this mess? see THE MONEY MASTERS with your huge industry trained workforce you could NEVER be broke if u was NOT robbed from whithin the start of the greatesr deception in human history as Wilson said started with the creation of the FED RES the vote fir the FED was on the 23rd dec 1913 when all Christian congress member went home for Xman
hahahaha omg i can't wait to not pay a penny of that when the government completely destroys our debt and purchasing power through inflation! fucking stupid feds ruin everything
how right u r BUT to most americans u r a LIBTARD A COMMIE A TRAITOR EVEN YET bush'd grandfatrher was inticted by the congress for traidingwith the enemy supplying hitler with bearing quality metals to keep his war machine going this wanker talks BS Linconwas murdered for printing his greenback REAL us money Kennedy was murdered10 days after he said he will dismantle the FED after that they control who the next front man will be why bother to vote but still love to see the usa back in usa hands
dream ON who u owe to the most is the international money men the IMF the "world" bank the federal reserve yoiu owedtrillions B4 trading with china why doesn't ANYONE in the us is able to trace the 20% going "missing every year from the defence budget? why you pay taxes to the private IRS n they then "loan your taxes to the gov? as they have No income they pay with Ford knox gold now its FA gold left maybe ONE bar for memory any american who sees this IS a LIBTARD A COMMIE WTF up b4 its 2 late
it makes no difference because this video is supposed to talk about how fucked the US is and the US is still the biggest debtor lol. i think its naitonal debt is 11 trillion now. inflation here we come. i strongly urge my american friends to get their pitchforks ready in case the FED decides to do something completely crazy and unreasonable and vicious like printing more money
It's the rich bastards in america that fuck up the country...the poorer people have no control over what rich fucks and government bastards that get overpaid do...
Its everyone in the country but yes the leaders have more responsibility to make sure crap doesnt happen. Unfortunately now US economy has been lead into disaster.
Tell all those bulls&*t talks, cry babies talkin bout socialism, Americans won't have any choices but to realize that you gonna be paying more than 50% in taxes ( in various forms) regardless of who is in office, or what the hell the 545 PEOPLE (president, congress, judicial) will do. Where the hell guys like David Walker and Ross Perot 30 years ago? Better late than never? At least he left his job and trying to tell Americans the real perils!!!
china looks pretty good now with only 363,000 million in debt compared to the US' 13,773,135 million, hope you guys aren't gonna bully the other countries and not pay up.
We are a fiat currency which means we are only limited by how much paper and ink we have and if things get too bad we can just change currency. I don't mind giving China paper and ink for goods. How can anyone look at the national debt and think we can ever pay for it by any other means than to print money and we will do that.
you obviously have no idea how currency works, the more you print out the less each dollar is worth. And if you did force other countries into accepting worthless money then that's just abusive as in not paying back.
LOL Can you explain that to the Fed and Congress they can't figure that out. The only one who understands that is Ron Paul.
Look up the National Debt it was going up the other day at about $1.3million per minute. Look at the amount and explain how it can be paid off without printing worthless currency or defaulting on it? Congress will not default cause you might not vote them then, so they will print money. Do the math.
Ron Paul isn't he only one. Democrat Peter DeFazio now has a National Debt clock on his website, and voted with Paul against all the bailouts. So at least a few people in Congress are trying to reach across party lines and realize this massive problem isn't "liberal vs. conservative" nonsense.
I say we don't owe these world nation nothing that will lower the debt. I say they owe us. We have bailed out those folks many times. Screw you world we are not going to pay you and what are you going to do about that? LOL
Its now $9.5t+,the real USA Budget Deficit next year will be $980bn,the On-Budget excluding war costs and borrowing from US Social Security Funds will be $490bn,realeased on 29/7/2008,by Congessional Budget Office.
USA GDP Growth is expected to be just 0.5% in 2009 or $70bn so that leaves a shortfall of $910bn in one year,no wonder the Dollar is worthless!.
The USA on these figures will add 7% Debt to GDP in one year,over and above GDP growth,from 66% to 73% Debt-GDP in one year.
To the guy below who thinks just because the US takes in 2.5 trillion every year in budget revenue it is OK, here's a tip, it needs every penny of that. Year on year it is running budget deficits. You need all that money to keep the US running, there is very little lax. Let's say you miraculously cut the budget by hundreds of billion, so you have a 500 billion surplus, it would still take over 25 years to pay off the debt, not including the interest, which amounts to 400 billion every year.
The answer is Obama and more gov't programs money you borrow is free money who says you got to pay it back? Democrats are right everything is free, health care or what ever you want. Ron Paul is wrong, he wants us to suffer and pay our debts when we can have free everything, why?
Ron Paul would be ten times a better president than Bush, McCain, Hillary, Obama combined. Screw the other democrats and republicans, he's the only sane one out of all of them.
I am an American and I will be writing in Ron Paul for president. Will he win, heck no but my conscious will be clean and I will be able to look at my self when I shave in the mirror. I am sick of self serving politicians who are greedy and want power and money and sick of the sheep who follow them and if I were in Germany in 1930's I would have been one of the few who did not support Hitler.
sad, it seems like bigdog49094 is confused about who is the good guy. Im chinese and i can tell you that Ron Paul is trying to educate some of these retarded americans, but look at bigdog49094 lol hes a good example of what a retarded american is like. It Seems like bigdog49094 knows nothing about how the money system works, its sad that many americans know nothing but Ipod, Music, Sex, Drugs, and all this mess. too many people in America is fucked up.
my fellow brainwashed americans. you no longer have to be decieved. take up arms. thats why the first ammendment is so important. "the right to bear arms", because it allows the people to control their government, not the government control their people.
It is the second amendment to the US Constitution not the first, the first is Freedom of Speech. Most Americans have never read the constitution and what it says so I am not surprised. Lots of very good ideas in there though and too bad the majority of Americans do not understand or treasure it.
Who says we have to pay the Chinese, they are holding green dollar T-Bills. I say we print up red dollars and trade US Citizen green dollars for red dollars. Then if the Chinese show up with green dollar T-bills we suggest they use them for toilet paper LOL. What they going to do? They will just start taking our red dollars for their goods and shut up. We win.
Now with all that said, I am not suggesting at all that a growing debt is of no concern. The fact that we have to pay any significant debt is the result of out of control spending by both parties. But, the fact that people use the size of the debt to scare people and totally remove any relativity about it (as I have just added) is equally as sad as those politicians who refuse to run a balanced budget.
The interest on the debt is 400 billion a year, which amounts to 3.3% interest. If you could get a loan for 3.3% interest and invest it anywhere, would you do it? Of course, it would be a no brainier. In fact, if you account for inflation alone, the rate is almost negligible and you are borrowing interest free money.
Here is the reality. The debt is $9 trillion, but the US currently takes in $2.5 trillion in tax revenues annually. If you made $2.5 trillion in salary, would having a loan for $9 trillion be all that alarming? Yeah, its growing, but so is our economy.
The debt is around $9 trillion. The $65 trillion number you heard is the left using scare tactics by factoring in things the US is committed to for the next 50 years. That would be like me taking your cable bill, your phone bill, and your anticipated grocery bill for the next 50 years, adding up what you would owe, and calling it your current debt. Its a scare tactic.
9 trillion isnt a debt, u.s has an income (gdp) of 15 trillion.
DarkosApprentice 1 month ago
@DarkosApprentice Oh yeah? Imagine that you make $30 thousand a year and you have a $18 thousand debt. So you you have to feed your family, pay your rent, pay for gas, for christmas you give some gifts to your children, you just normally spend your money. I am curious how much money would you be able to return to your bank.
realgoodbread 1 month ago
why he said look brazil 105 billion dollars and said BRAZIL ??? making fun with brazil ???
artur4467 2 months ago
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the USA independance is CANCELLED!
watch the video on my page!
Dwreay 3 months ago
today that number is 1,5 times bigger!
joceww 5 months ago
So...who is not from America
BeakyRed 5 months ago
George Bush is a BLOODY LIAR
97432561 5 months ago
There you go, worlds police and "greatest country" (I am sarcastic) is now in trouble. Thats what is exploiting capitalism.
MrSuurijohtaja 5 months ago
Is our money safe in the banks? It's supposed to be insured but if the government is out of money and can't afford to get out of trillions of dollars in debt...how can they insure our savings in the banks???
I don't know whether I should rush down to my bank and get my money out or what....I....I....not sure what to do
The worlds finances are going to hell fast....the capitalistic system is coming down like a stack of dominoes
MatrixFactoryGuy 5 months ago
wow you fucked o and im from the uk give me my 210b back that is all
OfficialSkinz14 6 months ago
I have never undestand public debt in any country. Nobody never reimburse it and it is only growing. Even in 100 years nothing will change
SakuraSlash 6 months ago
@willing2rise
In fact: for every single person in america there is a debt of 30.000 dollar, back 5 years now.
That would probaly be 60.000 dollar per person these days..
Giving your government 20 dollar, wont make any difference.. In fact: every company,every other country would be bankrupt by now long gone. The usa isnt, but will be in a few years.
Glory days are over.
Flyingdutchmen0317 7 months ago
It's the western style, spend money they dont have. Western are the most active credit card users in the world.
crumcon 7 months ago
yeah! lets kill a few million people over there so we can buy a new car next year!!!
KNEWBIES 7 months ago
A big war can save USA.
Several little wars have begun.
wait for the others.
shtirlic76tube 8 months ago
@shtirlic76tube
do you even have a clue what the wars of the united states cost every day / month / year?
you cannot afford another war - that would be the end of your fucked up economy.
scott30428 6 months ago
@scott30428 If the war is in oil country, then the US can control that oil. Wall street defines the price of oil. So the war is always profitable.
shtirlic76tube 6 months ago
@shtirlic76tube
the question is - are you willing to send thousands of young americans to die just because of oil? again?
scott30428 6 months ago
@scott30428 People, which do it, don't send their children.
btw, 11.09 they(it was not Al Quaeda, american government needed Pearl Harbour) killed a pile of young americans, but now they can begin the war at any place they want by the name of anti terrorists war, or fight against Al-Quaeda.
FYI Al Quaeda is an american project. It was made by CIA as a result of Operation Cyclone. 1979-1989
shtirlic76tube 6 months ago
it sucks growing up in this economy, my parents struggle with money, i dont get much, it really sucks
animalman1122 8 months ago
Sanchez you big Lib! Where are you now? Now that the democrats controlled congress for 3 years and the white house for 2.5 years and damn near DOUBLED the debt to 14 Trillion! Phony! Hypocrite!
RadicalMonotheist 8 months ago
Hmm, sure sounded like Walker was referring to Ron Paul back then. We screwed up last time let's hope we don't this time.
Ron Paul 2012
RESTORE AMERICA NOW!!
NoBailout4Banksters 8 months ago
we borrow from a private bank with stock holders(THE US FEDS) and we are suppose to pay them back interest and principle. We don't! Why?
flirtwd 8 months ago
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It will cost the state, city,county millions of tax $-$ to handle these illegals. We R cutting budgets in all dept's to make the $-$ we have stretch.
Illegals do not care anything about being a legal citizens. They don't believe N-R Constitution. They R not true Americans nor want to be. These people don't care if U or anyone else will have a home or food . America is a cash cow for these illegals. It goes to show how really blind we R to what politicians have done to R-country!
onstageagain 9 months ago
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U.S. 4-star General Wesley Clark (Ret.), explains that the Bush Administration planned to take out 7 countries in 5 years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, Iran (2007 upto 2012)
/watch?v=bX7hMj2NKTc
"Japan’s government, threatened with more HAARP attacks, pays 60 trillion yen to Feds"
eclinik. wordpress. com/vital-issues/ben-fulford/japan%E2%80%99s-government-threatened-with-more-haarp-attacks-pays-60-trillion-yen-to-feds/
USFullOfLies 9 months ago
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eclinik. wordpress. com/vital-issues/ben-fulford/japan%E2%80%99s-government-threatened-with-more-haarp-attacks-pays-60-trillion-yen-to-feds/
USFullOfLies 9 months ago
YES no one deserves this more but **SPOILER** us is gona start war n were back to being debt free
TheGamekid93 10 months ago
@TheGamekid93 lol what the hell are you talking about ? How is going to war gna repay the debt?
blazemk 8 months ago
@blazemk what do you think we're doing in Afghan in irag intruding democracy?...wrong we're stealing the oil for ourself hell yh baby hooray to capitalism
TheGamekid93 8 months ago
@TheGamekid93 ah yes, i like the honesty .
blazemk 8 months ago
fack america fack this gay
hitlerytu 10 months ago
Maybe they leave us in debt to make more of join the military? :O
Robloxsaltytaco1234 10 months ago
@Robloxsaltytaco1234 Military checks credit history, they want clean people.
GunsOfThePhoenix 10 months ago
The next president making fiscal responsibility his top priority? HA!
Rensune 10 months ago
The USA has a major war about every 20 years.. The United States will default on it's debt and China will be bombed to hell..
SmokeyCough 11 months ago
@SmokeyCough i dont think USA would be able to get away with something like this + i dont think there is any way that USA could defeat China
blazemk 8 months ago
US National debt clock is a head spinner.
LordHannigan 11 months ago 2
I want the hypothetical not some fucktards cock-gobbling!
6robyc 1 year ago
There is a new book called Future babbles. It looks back at past predictions and some are hilarious. One prediction was the russians would overtake the US by 1985. LOL!
all028 1 year ago
Like, so true & horrible then (at time of video posting), and even more true & horrible today. USA is effectively bankrupt (or would be) except for its continued ability to borrow. Still, borrowing capability is a finite thing which at some point must end. USA's "credit card" is close to being maxed, at which time it will be game over. So scary, babes!
pantyflash 1 year ago
@pantyflash
lets all move to canada or great britian
maybe we can force our accent on them LOL
just not going to stick around here long enough for the dollar to disentegrate make sure you guys change your dollars to euros or at least yuans
chaosbringer127 1 year ago 5
oops no more american dream??!!
mazztermike 1 year ago 2
this vid is a few years old now that debt is I think 13 trillion now
Zurround100 1 year ago
@Zurround100
its about 14 trillion now
thank obama for an extra 1-2 trillion
but dont forget our friends the GOP who added at least 2-3x that
remember that when both parties ask you WE CAN FIX IT because they CANT they're both a bunch of MORONS
chaosbringer127 1 year ago
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Why does everyone say Bush drove the economy into the ditch. That's just lame and untrue. On his way out, Bush turned around and shit a turd so large on America it left us in a crater. Not a ditch but a BIG FUCKING CRATER! He burned the house of America down and drained the pond. Now the Rabids are crying foul for having to buy water to put out the fire. America's economy is the patient dying on the operating table but the doctors want to discuss the patience's credit score.
816cameron 1 year ago
This economy is built on Wal-Mart and McDonalds. Its gonna take a lot of Big Macs to pay this debt off.
bruthaflo 1 year ago 2
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For every Nike Shoes sold in the US for $150, the Chinese government and the White House get tax revenues. Assuming the shoes was made in China for $10 bucks (10% GST), Chinese government would receive $1 and the White House $14 ($140 @ 10%.) FYI, the US should have saved 1400% more than what the Chinese government have at any given moment.
Q: where's the dough? Afghanistan? FED bankers?
(Mainstream media has successfully deflect your attention away by feeding you with hatred towards China.)
kiwiiisland 1 year ago
the sad news is that its now much higher. What a joke.
casienwhey 1 year ago
@casienwhey..dude, were not in debt, the news doesnt tell us everything because they cant find out everything they want, what the news says usually doesnt matter, its only yhere to divert your attention...do you really think our government; one of the most smartest designed structured groups, and all the smarts it has in its arsenal, is in debt, think about it, there is a piece of america EVERYWHERE in the world, i bet america controls the world without anybody realizing it, sounds dumb right.
64522744 1 year ago
i got an idea how about...all americans give 20$ to the governement....would that solve the problem?
Willing2Rise 1 year ago
@Willing2Rise It's an interesting point.
Tho, after I think about it for a moment, the number is $145,000+/head (The debt is $78.8 trillion.)
Plus, the US owe 25% of its economy to China (50% for all the others?). Which means, only 10 bucks out of 20 are really owned by the Americans. Therefore, the number should jump to $290,000+/head.
Meaning? Most Americans would become homeless! Not to mention who wants to buy their homes? They'd rather take an ownership of Coca-Cola company.
kiwiiisland 1 year ago
@Willing2Rise 20$ ? every american would have to give 30000$ to solve this problem
blazemk 8 months ago
us make in china
Sisomvox 1 year ago
lol, its now 1.4trillion, wow its doubled
xiaoxiayu 1 year ago
And that's not all, if Bush was able to run for president again He will win, that's for sure!!
xtrademolition 1 year ago
@xtrademolition he did run again and he did win again, except he changed his name to Obama. wake up obama supporters, you reap what you sow kids....
latinasdoitbetter1 1 year ago
The biggest problem isn't actually the debt, it's a combination of everything: high military spending, quality of education worst in developed world, healthcare one of the worst in terms of price/quality in the developed world (at least for the average person), very high obesity rate, US companies getting outperformed by foreign companies, investment in infrastructure is lacking, consumer rights r non existant compared to europe, very high energy use compared to europe, etc...
Fizmoo 1 year ago
@Fizmoo
....The US has high household debts too. Just in every field the result is bad which makes it difficult to see any improvements in the future. Investment is actually needed but debts are at a skyhigh level so the US is in a very bad situation. The US is losing it's good position in every field. The worst thing is for all the money the US borrowed, the US received little in return. On contrary it's way worse now.
Fizmoo 1 year ago
- WHo think USA will go bankrupt ...
aviomaster 1 year ago
BTW These CEO's are actually the decendants of the guys who brought us the Federal Reserve, Council on Foreign Relations, Bilderberg Group, CIA (who just happen to have given LARGE sums of money to the P2 Masonic Lodge) AG Zurich, The Thule Society, and i could go on for days telling more about what i know of this but its best if i just spark your curiosity as the reader
mattmatt115 1 year ago
National debt is over 12,7 trillion these days. DOING GOOD AMERICA! when your going to pay back?? when you have more debts than GDP?
NeroroPuj 1 year ago
AIPAC and the US government are doing such a good job at liying to the public, while 1000's of american are facing seriouse difficulties to stay afloat , 1000's of homeless,1000's turned to prostitution,1000's turned to crime...etc this government is given $28789,56 a year to every israeli man women child , how about that, yet this month every US state can not afford to pay tax returns to it's citizens, AMERICANS HAVE A LEECHES STUCK IN THERE BACKS SUCKING THERE BLOOD AND THEY DONT EVEN KNOW IT
mickyboy200768 1 year ago
what on earth does apaic have to do with this? aiapac is a foreign policy lobby group. they dont lobby for increased borrowing so please dont use them as a scapegoat. the money you give to israel is a high interest loan that benefits the USA more than israel. and it's tied aid which means when they get the money, they have to spend it on US companies.
danndan6 1 year ago
What nobody ever talks about is how money is created out of DEBT. The governments exchanges treasuries to the Federal Reserve in exchange for dollars (Federal Reserve Notes). The more money there is, the more DEBT there is. Becuz we pay interest to the Fed on that debt, we have to borrow more dollars to pay the interest.. So you see, we will NEVER pay down the debt.. END THE FED.
Hawks9718 1 year ago
I just don't know what to think anymore about my country-THE UNITED STATES OF AMERITARD. The national debt will be 14 trillion at the end of 2010, Ameritards demand more and more goodies, no end in sight. On top of that, we have decided to go to war every couple of years in some 6th world craphole. Oh yeah, it is now OUR job to rebuild Haiti, we have already spent 600 million on the most recent disaster, money that is based on our debt to China. This country has the most crazy people running it.
tickyul 1 year ago 3
Watch my video. It will blow your mind away!
fridaysabtu 2 years ago
This has been flagged as spam show
What does one TRILLION dollars look like? All this talk about stimulus packages and bailouts... A billion dollars... A hundred billion dollars... Eight hundred billion dollars... One TRILLION dollars... What does that look like?
watch?v=Tym9AhMNcP0
kidwave1 2 years ago
america
fuck yeah
tangbein 2 years ago
none of the above is tru! if US was so much in debt, they wouldt e fighting wars that cost trillions everyday, hence the fact, USA has the world's most powerful banks and runs the world bank as being the biggest money provider to it!
the above video is noting but a brainwashing tool for the people who don't know what their governments are doing! just stop supporting the insane USA government! or for full info watch Zeitgeist Addendum
chessplayer100 2 years ago
You do not support ur feets?
HOW?
BrainShockerGenius 2 years ago
I just checked it is12 trillion. I don't know about you but I don't see me paying for insane government debt while they are snubbing the constitution at every turn.
DrReaper 2 years ago
Borrow and spend money you don't have. It's the American way.
tsimonds2K 2 years ago 12
"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world." Thomas Jefferson
"Ancient Rome declined because it had a Senate, now what's going to happen to us with both a House and a Senate? " Will Rogers
kyowakokunobenkai 2 years ago
watch?v=6yg9M6kpWNQ
freeenterpriseworks4 2 years ago
The Free Enterprise Nation was formed to advocate for the foundation of our American economy - the private sector! Unite with us today to make our voices heard. There are 5 million small business owners and 115 million private sector workers, and we can form a voting block so strong we CANT be ignored!
freeenterpriseworks4 2 years ago
nice borrow some more.....
millenium2003 2 years ago
-- WHY did you guys spend so much money ....
WHY did you do it . WHY have you built 800 military bases around the world .
WHY is it so important to be MILITARISTIC , to wage wars ,,, WHY are you buying puppet goverments in EUrope , and around the world .
WHY do you need Missile defense in Europe. ARE you CRAZY ,
aviomaster 2 years ago 3
You don't understand the economic crisis. Have you heard of the federal reserve? Please don't discuss an issue you know nothing about. BTW, Woodrow Wilson (Democrat) is the one who started the national debt.
The debt wouldn't exist btw if politicians simply followed the constitution. Because the constitution is immune to accumulating debts and intense inflation.
SadegoGG 2 years ago
@aviomaster THREE WORDS : New World Order, put into motion with a global currency, owned and controlled by the same CEO's who own the Corporation of the United States of America
If you want to risk allowing someone to have the power to actually pursue the goal of creating a "New World Order" and controlling your life with it, then dont look into it at all, call me a crazy conspiracy theorist and await your demise, otherwise try looking it up!
mattmatt115 1 year ago
watch?v=BdlGcI4owMY
patrikasLTL 2 years ago
Search for "CIA DEBT LIE"
eliasmouawad 2 years ago
Well. We can't take this seriously unless we know what these bonds net to. We can't play like we don't own some of their debt. Wish they'd make the Fed tell us. Oh well. We can see how much CNN likes to rag on the Fed. Not at all.
bweazel 2 years ago
Blah blah blah. Pocket change. One could think about it as those countries paying for our military to be there. Good for them. The largest creditor of the United States is the Federal reserve. At the time this was recorded, the Fed owned 50% of the national debt. I wonder why the media doesn't talk about that? Hmm? What this guy meant to say was you "owe" $14,500 to the Fed because our elected officials can't stop spending. Oh ya. Defense spending makes up 20-25% of our average yearly budget.
bweazel 2 years ago
lol brazil surprised me a lot!! same with Japan and UK, I mean in the UK we're in a lot of debt of our own, not 10 trillion mind lols, but big enough to get the politicians and public into a sweat.
China we all knew about, what i dont get tho is how the US has such financial clout in the world, how it still tosses lots of money to israel, Pakistan, egypt whilst at the same time its 10 trillion+ in debt! Can someone explain wtf is going on here????
anneeq008 2 years ago
actually USA ows egypt money as well
sorry
andrejns93 2 years ago
@andrejns93
Dont believe you, Egypt has no money to lend lol, how can they loan out money? especially to the likes of the US!!!!!
anneeq008 2 years ago
Comment removed
Tinacia420 2 years ago
Bush pwned us big time.. Hope USA can pay off their debt. Why couldnt we just impeach bush after his 1st horrid year?
gtas123 2 years ago
Comment removed
julescmc 2 years ago
Nice reasoning!!!
goo1358 2 years ago
Rick Sanchez needs to do a updated version of this. Mr. Sanchez if you read this, please do a updated version of this for 2009-2010. Jesse Ventura and Ron Paul - 2012!
Lingerfoot 2 years ago
united bancrupt of america lol (uba)
pavel280488AA 2 years ago
We are citizen of the world, let the revolutions begins. No more governments, let every human being become Families ^__^.
pr0gm3r 2 years ago
bush really fucked us
Aparicio1990 2 years ago 25
@Aparicio1990 Which Bush? You fucked when you destroyed Soviet Union.
zloj11 1 year ago
@Aparicio1990
Bush AND Obama are fucking us.
truefaith00 1 year ago
@Aparicio1990 So did Obama
cwood4ever 11 months ago
@Aparicio1990 We've been getting financially fucked since Wilson.
Rensune 10 months ago
@Aparicio1990 I'd say the federal reserve screwed us thanks a lot Woodrow Willson
quintin364 10 months ago
@Aparicio1990 yeah he pretty much double the debt when he started the national debt was 5 Trillion
elegate87 9 months ago
@Aparicio1990 he certainly did......and obamas doing his best to screw you more
danbuck333 8 months ago
@Aparicio1990
,,yep, he needs tried by an international tribunal and hung.
wolfdaddy205 8 months ago
@Aparicio1990 and Obama is $%^king us even more! But Nooooooo.... we didn't want an honest man in the White House, we wanted more of the same!!! You have one more chance to elect Ron Paul - but will you? You know he is right, honest, transparent and worthy but unfortunately there are too many voters receiving handouts and government paychecks to elect him. Only the private sector voter can but he/she must register Republican NOW and exercise their voice at the ballot box and within the GOP.
nalejbank 8 months ago
@Aparicio1990 and he was re-elected WTF next time dont vote for anyone with the surename bush
ducksoup2007 8 months ago
@Aparicio1990 Bush didn't fuck us. The US Federal Reserve fucked us
TGArthur 7 months ago
lawz "BRAZIL!"
zhillsdaniel 2 years ago
The more important picture will come from debt-to-GDP ratio. If you look at other countries, the debt-to-GDP ration is worse. Don't look at just one side. $9T sure is a lot and lowering annual debt is a must, but not spending when it's needed (help financial institutions in this economy's case) will result lowering GDP, thus lowering paying power, and will lead to worse situation.
silverpj 2 years ago
Since Obama got in it is now over 11.5 trillion and growing by the day. Change? I see more of the change with the added bonus of a far left agenda. We are heading South and fast.
bertly71 2 years ago
He hasnt been in office for a long time.. Give him 2 years, we rise, he fails.
gtas123 2 years ago
I hope the unemployment rate gets better and this deficit spending stops. It pains me to see the working families suffer like they are with this high unemployment rate. The bankers and markets are doing well while the common man suffers.
bertly71 2 years ago
i quess at least 7 BILLION U OWE TO THE FED IMF WORLD BANK n all 3 are owned by the same people but they NEVER WORKED FOR THAT they robbed you n r daily
polygamous1 2 years ago
he very convinientely seems to forget the IMF world bank fed reserve owners he loose his job if he mentioned them anyway waht to know WHY u r in this mess? see THE MONEY MASTERS with your huge industry trained workforce you could NEVER be broke if u was NOT robbed from whithin the start of the greatesr deception in human history as Wilson said started with the creation of the FED RES the vote fir the FED was on the 23rd dec 1913 when all Christian congress member went home for Xman
polygamous1 2 years ago
Obama tacked on $4.3 trillion dollars before interest on top of the debt Bush racked up.
xpandergt 2 years ago
Hmmm, don't countries lend money to us because they expect to see us grow and thus we'll be able to pay them back? I think this is fear mongering.
jaberwocky6669 2 years ago
hahahaha omg i can't wait to not pay a penny of that when the government completely destroys our debt and purchasing power through inflation! fucking stupid feds ruin everything
dcm05002 2 years ago 3
Coming from CNN and you think there's something credible about it?
LOL!
Try thanking FDR and his cliques of Democratic party clowns for the Ponzi Scam called Social Security...
russ1951 2 years ago
how right u r BUT to most americans u r a LIBTARD A COMMIE A TRAITOR EVEN YET bush'd grandfatrher was inticted by the congress for traidingwith the enemy supplying hitler with bearing quality metals to keep his war machine going this wanker talks BS Linconwas murdered for printing his greenback REAL us money Kennedy was murdered10 days after he said he will dismantle the FED after that they control who the next front man will be why bother to vote but still love to see the usa back in usa hands
polygamous1 2 years ago
Comment removed
kieronj 2 years ago
This clip is outdated. China is the biggest creditor now.
bensontam 3 years ago 18
dream ON who u owe to the most is the international money men the IMF the "world" bank the federal reserve yoiu owedtrillions B4 trading with china why doesn't ANYONE in the us is able to trace the 20% going "missing every year from the defence budget? why you pay taxes to the private IRS n they then "loan your taxes to the gov? as they have No income they pay with Ford knox gold now its FA gold left maybe ONE bar for memory any american who sees this IS a LIBTARD A COMMIE WTF up b4 its 2 late
polygamous1 2 years ago
it makes no difference because this video is supposed to talk about how fucked the US is and the US is still the biggest debtor lol. i think its naitonal debt is 11 trillion now. inflation here we come. i strongly urge my american friends to get their pitchforks ready in case the FED decides to do something completely crazy and unreasonable and vicious like printing more money
jsyn1230 2 years ago
Finally there is one sane people on Youtube.
bensontam 2 years ago 3
No, like New World Order :P
gtas123 2 years ago
now chinas depth is 1.4trillion dollars lol.... usa end ..!
ulleule 1 year ago
I'll pay the 70 cents
rickgimb 3 years ago
LOL. So true. people dont change until pain comes. So until Americans feel pain they wont do it. But pain is coming soon.
kieronj 3 years ago 3
Comment removed
kieronj 3 years ago
It's the rich bastards in america that fuck up the country...the poorer people have no control over what rich fucks and government bastards that get overpaid do...
FinickyFiend 2 years ago 2
Its everyone in the country but yes the leaders have more responsibility to make sure crap doesnt happen. Unfortunately now US economy has been lead into disaster.
kieronj 2 years ago
I can help the US. I can pay 70 cents :0
DiegoTameirao 3 years ago
Want more details?
Search "ROSS PEROT CHARTS"
Tell all those bulls&*t talks, cry babies talkin bout socialism, Americans won't have any choices but to realize that you gonna be paying more than 50% in taxes ( in various forms) regardless of who is in office, or what the hell the 545 PEOPLE (president, congress, judicial) will do. Where the hell guys like David Walker and Ross Perot 30 years ago? Better late than never? At least he left his job and trying to tell Americans the real perils!!!
duckfat01 3 years ago
we are so f*ck! run! run! run! quick some body sale me some gold, silver, and yen anything please! help help help! lol
ron paul 2012
carlkepler 3 years ago
Let's just stop voting period. Write in your dog's name.
44420121644 3 years ago
Stop voting for republicans. That is one of the biggest solutions to our national debt.
rydar1978 3 years ago
Japan 611 billion ! LOL
urayasukun000 3 years ago
Very little of Japan's public debt is to Foreigners.
billsaintkilda 3 years ago 2
BOOOOM !!
maleinerauchen 3 years ago
tick...tick...tick...tick...tick!
tick...tick...tick...tick...tick!
Time to shape-up and ship out AMERICA...ITS GONNA BLOW!
OhMightyDollar 3 years ago 4
Not Exactly!
Try US$58'000'000'000'000.00 TRILLION IN DEBT!
LMAO!!!
OhMightyDollar 3 years ago 4
haha prepare to raise your banners and welcome chinese people u yanks lol !!!!
sugargrandpa 3 years ago
This comment has received too many negative votes show
Typical Anti Bush CNN crap.
cwood4ever 3 years ago
Typical neocon zealot feedback.
a1mint 3 years ago 3
This comment has received too many negative votes show
Typical child molestor response.
cwood4ever 3 years ago
Typical internet debate
McConsumer 3 years ago
How is it possible that Japan has borrowed so much to the US, when they themselves have such a huge debt (190% of the BNP, US ~60%)?
CrackerXZ 3 years ago
That was a long time ago. The don't have debts now. US has the biggest national debt today (unfortunately)
wilmerbagol 3 years ago
Get the facts. Just google "Japan's national debt" or something.
CrackerXZ 3 years ago
china looks pretty good now with only 363,000 million in debt compared to the US' 13,773,135 million, hope you guys aren't gonna bully the other countries and not pay up.
tarohoa 3 years ago
We are a fiat currency which means we are only limited by how much paper and ink we have and if things get too bad we can just change currency. I don't mind giving China paper and ink for goods. How can anyone look at the national debt and think we can ever pay for it by any other means than to print money and we will do that.
bigdog49094 3 years ago
you obviously have no idea how currency works, the more you print out the less each dollar is worth. And if you did force other countries into accepting worthless money then that's just abusive as in not paying back.
tarohoa 3 years ago
LOL Can you explain that to the Fed and Congress they can't figure that out. The only one who understands that is Ron Paul.
Look up the National Debt it was going up the other day at about $1.3million per minute. Look at the amount and explain how it can be paid off without printing worthless currency or defaulting on it? Congress will not default cause you might not vote them then, so they will print money. Do the math.
bigdog49094 3 years ago
Ron Paul isn't he only one. Democrat Peter DeFazio now has a National Debt clock on his website, and voted with Paul against all the bailouts. So at least a few people in Congress are trying to reach across party lines and realize this massive problem isn't "liberal vs. conservative" nonsense.
zenmachinefilms 3 years ago 2
I say we don't owe these world nation nothing that will lower the debt. I say they owe us. We have bailed out those folks many times. Screw you world we are not going to pay you and what are you going to do about that? LOL
bigdog49094 3 years ago
we should start thinking about tradings dogs with china, we ship them our dogs and they ship us cars and pcs,
vote yes to shiping dogs to china, they eat dogs you know
MrRightAllTime 3 years ago
Its now $9.5t+,the real USA Budget Deficit next year will be $980bn,the On-Budget excluding war costs and borrowing from US Social Security Funds will be $490bn,realeased on 29/7/2008,by Congessional Budget Office.
USA GDP Growth is expected to be just 0.5% in 2009 or $70bn so that leaves a shortfall of $910bn in one year,no wonder the Dollar is worthless!.
The USA on these figures will add 7% Debt to GDP in one year,over and above GDP growth,from 66% to 73% Debt-GDP in one year.
StGeorgesDay1 3 years ago 2
To the guy below who thinks just because the US takes in 2.5 trillion every year in budget revenue it is OK, here's a tip, it needs every penny of that. Year on year it is running budget deficits. You need all that money to keep the US running, there is very little lax. Let's say you miraculously cut the budget by hundreds of billion, so you have a 500 billion surplus, it would still take over 25 years to pay off the debt, not including the interest, which amounts to 400 billion every year.
wandereragro 3 years ago
lol thats me. i just copied and pasted :P
airsofterpro123 3 years ago
The answer is Obama and more gov't programs money you borrow is free money who says you got to pay it back? Democrats are right everything is free, health care or what ever you want. Ron Paul is wrong, he wants us to suffer and pay our debts when we can have free everything, why?
bigdog49094 3 years ago
Ron Paul would be ten times a better president than Bush, McCain, Hillary, Obama combined. Screw the other democrats and republicans, he's the only sane one out of all of them.
ugetasskicked 3 years ago 3
I am an American and I will be writing in Ron Paul for president. Will he win, heck no but my conscious will be clean and I will be able to look at my self when I shave in the mirror. I am sick of self serving politicians who are greedy and want power and money and sick of the sheep who follow them and if I were in Germany in 1930's I would have been one of the few who did not support Hitler.
bigdog49094 3 years ago
sad, it seems like bigdog49094 is confused about who is the good guy. Im chinese and i can tell you that Ron Paul is trying to educate some of these retarded americans, but look at bigdog49094 lol hes a good example of what a retarded american is like. It Seems like bigdog49094 knows nothing about how the money system works, its sad that many americans know nothing but Ipod, Music, Sex, Drugs, and all this mess. too many people in America is fucked up.
popqq123 3 years ago 2
I totally agree.
ugetasskicked 3 years ago
This has been flagged as spam show
USA is bankrupt, borrowing billions of dollars from china everyday 2 pay the iraq war.
If china calls their bond holdings in the treasury, American business will fall like dominoes
notice how THOUSANDS of people lose jobs in the US EVERY MONTH!
china will become a superpower AGAIN after its dynasty periods.
you can say sh*t about china but YOU CAN'T HIDE THE TRUTH.
start looking at the labels of products you buy!
Americans=Brainwashed=Careless
wOHOOoo!!
bye USA
..!..
airsofterpro123 3 years ago
my fellow brainwashed americans. you no longer have to be decieved. take up arms. thats why the first ammendment is so important. "the right to bear arms", because it allows the people to control their government, not the government control their people.
JCrocket4029 3 years ago 2
It is the second amendment to the US Constitution not the first, the first is Freedom of Speech. Most Americans have never read the constitution and what it says so I am not surprised. Lots of very good ideas in there though and too bad the majority of Americans do not understand or treasure it.
bigdog49094 3 years ago
Wow thats not nice they bomb Japan and now they barrowing money to them WTFH was that?
lloveComedy 3 years ago 4
USA is bankrupt, borrowing billions of dollars from china everyday 2 pay the iraq war.
If china calls their bond holdings in the treasury, American business will fall like dominoes
notice how THOUSANDS of people lose jobs in the US EVERY MONTH!
china will become a superpower AGAIN after its dynasty periods.
you can say sh*t about china but YOU CAN'T HIDE THE TRUTH.
start looking at the labels of products you buy!
Americans=Brainwashed=Careless
wOHOOoo!!
bye USA
..!..
DownfallOfAmerica 3 years ago 5
Down
Who says we have to pay the Chinese, they are holding green dollar T-Bills. I say we print up red dollars and trade US Citizen green dollars for red dollars. Then if the Chinese show up with green dollar T-bills we suggest they use them for toilet paper LOL. What they going to do? They will just start taking our red dollars for their goods and shut up. We win.
bigdog49094 3 years ago
Now with all that said, I am not suggesting at all that a growing debt is of no concern. The fact that we have to pay any significant debt is the result of out of control spending by both parties. But, the fact that people use the size of the debt to scare people and totally remove any relativity about it (as I have just added) is equally as sad as those politicians who refuse to run a balanced budget.
ivanosky2003 3 years ago
The interest on the debt is 400 billion a year, which amounts to 3.3% interest. If you could get a loan for 3.3% interest and invest it anywhere, would you do it? Of course, it would be a no brainier. In fact, if you account for inflation alone, the rate is almost negligible and you are borrowing interest free money.
ivanosky2003 3 years ago
Here is the reality. The debt is $9 trillion, but the US currently takes in $2.5 trillion in tax revenues annually. If you made $2.5 trillion in salary, would having a loan for $9 trillion be all that alarming? Yeah, its growing, but so is our economy.
ivanosky2003 3 years ago
The debt is around $9 trillion. The $65 trillion number you heard is the left using scare tactics by factoring in things the US is committed to for the next 50 years. That would be like me taking your cable bill, your phone bill, and your anticipated grocery bill for the next 50 years, adding up what you would owe, and calling it your current debt. Its a scare tactic.
ivanosky2003 3 years ago
USA is bankrupt, borrowing billions of dollars from china everyday 2 pay the iraq war.
If china calls their bond holdings in the treasury, American business will fall like dominoes
notice how THOUSANDS of people lose jobs in the US EVERY MONTH!
china will become a superpower AGAIN after its dynasty periods.
you can say sh*t about china but YOU CAN'T HIDE THE TRUTH.
start looking at the labels of products you buy!
Americans=Brainwashed=Careless
wOHOOoo!!
bye USA
..!..
DownfallOfAmerica 3 years ago
I would not worry if I would be US. They have enough wepon ;) they can do what ever they want. thank Gog for American freedom, taradadada
fidlertilen 3 years ago
Thank you Dictator George Walker Bush.
M3minusGrowth 3 years ago