U.S. National Debt Clock (Real-Time Current Total) What Causes it and Why it's useless

Please read the comment section..

Almost 14 Trillion Dollars U.S Total National Debt - Now Above.
http://www.usdebtclock.org/
http://www.worldometers.info/
Youtube accumulated some 400million debt for 2009
http://content.usatoday.com/communities/theoval/post/2009/10/620000005/1
Review of usdebtclock.org
http://hubpages.com/hub/www-USDebtClock-org-The-US-Debt-Clock-Website
-I would like to add, the many specifications within usdebtclock.org contribute to the national deficit total, for example: defense/war.

What are bonds?
http://www.investinginbonds.com/learnmore.asp?catid=46&id=2
-------
Republicans cited record deficits as

another reason to oppose Obama's health

care plan and other big projects. "No more

spending money we don't have," said Senate

Minority Leader Mitch McConnell, R-Ky.

-Response: The big projects are ever so needed (republican is wrong) however the increased national deficit over money "they do not have" (like a credit card that needs to be revised) show that democrats are not doing a good thing either by increasing those numbers more quickly . It effects every tax payer when it shouldn't. This insult should be removed from existence one day and it will. Whether it continues to plummet or it gets payed off which is highly unlikely at the present rate. Same goes for many other countries.

National debt increases have serious consequences for american families. At a time when the house leadership is promoting more and more tax cuts that disproportionately benefit the wealthiest americans. Increased budget deficits an enormous debt that will mortgage our future generations at the rate and direction it is consistently heading towards. the term national debt is really a misnomer. It is not the nation's debt. Instead, it is really the Federal governments debt and the federal reserves debt to the treasury/mint. Instead the way it works is the Fed are the ones that request and recieve the money at the request of the federal government at the request of people and organizations in order to make good things happen for an economy. The treasury create the money either out of thin air (electronically) or with paper. Both in abundance, but electronic is much faster and limitless. The national deficit is really not the peoples debt yet they must pay for it through taxes. There is also national debt limits which get adjusted.

http://rabble.ca/news/2010/06/g20-and-deficits

Issuing Securities used for bail-outs and paying to maintain and upgrade city services are adding constantly to the national debt. Should the people really have to pay back the government, the federal reserve to the treasury and mint for the products the people make, for the resources they mine, that was provided by the planet? The treasury and mint are simply the sparks to make things happen in economies, they are not who constructs it, they simply fund it. Should we have to pay them back to upgrade our economy solely because they create and spread the money?
Why should there even be interest on these securities (bonds)? Because the treasury/mint, the Fed, and the federal government have ALL agreed that the tax payers get the bill. City services should not be tax payers expenses. The government is there to work for us and we must demand and ensure that city services, bail-outs, and economic upgrades must never impact the deficit again! Because why should we have to pay back to them to develop an economy for the common good,, to help the Ill with city services like hospitals? Because they need to get payed to work. Ironic when they control the flow of funds by request and the Fed's chairman who can adjust interest rates at will and by the periodic economic status (confidence in the banks and the banks/FED confidence to lend to the government and other organizations).

They could pay themselves if the laws were set right.

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[luc59457]

@Fred Ahh, I get it now... That's why...

[luc59457]

3 people agree that passing deficits onto future generations is plausible !

[luc59457]

Wallstreet bonds salesman: Google: Liar's Poker

[luc59457]

Wallstreet exchange are also composed of issuers that create these bonds out of thin air.

[juliebork]

Look at debt to GDP ratio. In other words every $ of every person, corporation and product sale we make in this country compared to the debt. GDP is what u tax to pay off the debt. USA=102%. If we took every penny from everyone, we still hit major economic crisis by this time next year. When you made this video we were 62%. History & economists tell us anything above 69% leaves a nation zero chance of recovery. Italy is at 150%. At the current spending level, we will be Greece '12. Get ready

[luc59457]

@juliebork GREAT POINT !

[aityadeen123]

never mind the US national debt , look at the US total debt which is = over 54trillion , the corrupt politicians and there zionist media dogs claim the unemployment is 9 million but it is infact over 25 million , food stamps receivers = over 47 million people, NOW THIS CORRUPT ZIONIST WAR MONGERS ARE TAKING THE NATION INTO ANOTHER 7th WAR , like bombing iraq, afghanistan, pakistan, somalia, libya, yemen, ...etc is not enough ,

[luc59457]

1 trillion just doesn't cut it for the people, the people deserve better. It would have to be 4 or more and that's just not workable for the first year without chaos. Even 1 trillion will cause outrage in some areas. The safest method is to leave things the way they are now and implement an addon system that has much more potential for altruism, than the one we live in now. And offer a smooth transition.

[luc59457]

Cutting on expensive projects does mean less work for the employed. I think the whole currency system is a mess and hard to find the balance. Especially since it has been functioning with quite imbalance for many decades now.There's A lot of people have that same gut feeling to say the least. If they (any politician) wants to fix things by 1 trillion at a time while there may be added unexpected expenses within their term that any president should be prepared for.

[luc59457]

Are you willing to accept the sacrifices that Ron Paul seeks to make cuts of 1 trillion for the first year, and perhaps more in the second at the sake of many lost jobs, unless they can all accept lower and more balanced wages.I'm not sure if these cuts mean loss of jobs, unless Ron Paul has alternative job plans for the specific ones at risk of lay offs. This could cause outrage if military income for instance, was cut nearly in half towards the employed..