The Real National Debt: 222 Trillion

[CuteOldGuy]

Off topic. Did you know that the Yellowstone caldera is overdue to erupt, and when it does, life on earth will cease to exist?

At least we won't have that debt thing hanging over our heads then.

[CJ7]

http://www.freshrant.com/wp-content/...-president.gif

[CuteOldGuy]

Where's Obama on that chart, CBJ7? I'm guessing it wouldn't fit on the page.

[joe bloe]

Originally Posted by CuteOldGuy

Question: We have massive debt that will almost certainly never be repaid. Countries and banks are still loaning us money. What do they hope to get? What's in it for them?

Short term profit. They know we can repay with a dollar that is still worth something in the short term. When America does appear to be a risky investment for short term loans, the rates will skyrocket, and it will be game over. We'll be trying to roll over probably twenty trillion in debt at probably ten percent interest. That's when it all colapses. The higher rate will add to the deficit, which will make us an even higher risk investment, which will drive the rates even higher, etc. At that point, we'll probably have hyper inflation. We'll be paying back our loans with a worthless dollar. Weimar-America.

[CJ7]

Originally Posted by CuteOldGuy

Where's Obama on that chart, CBJ7? I'm guessing it wouldn't fit on the page.

hes not on the chart ...

just thought Id show the real begining of the debt skyrocketing ..

Reagan and a republican congress ...

[joe bloe]

Originally Posted by CuteOldGuy

Off topic. Did you know that the Yellowstone caldera is overdue to erupt, and when it does, life on earth will cease to exist?

At least we won't have that debt thing hanging over our heads then.

It's Bush's fault.

[CJ7]

if Ryans budget gets adopted he will be 70 yers old and we'll be dead before the budget gets balanced

ergo: Im writing in Yellowstone.

[Whirlaway]

CJ, if you want more draconian cuts to balance the budget then speak up..........so far you have been silent on how quickly we should wind down the size of government so we can pay off our debts.

Originally Posted by CJ7

if Ryans budget gets adopted he will be 70 yers old and we'll be dead before the budget gets balanced

ergo: Im writing in Yellowstone.

[CJ7]

the hell I have ..

you just dont pay attention

[Whirlaway]

You haven't....you just bloviate about how wrong the other guy's proposals are.

[CJ7]

for the umpteenth time

let the tax cuts sunset
get the hell out of the mid east
eliminate all pork in legislation
close all corporate tax loopholes

and go from there ...


write that down and tape it to your forehead whirlie

[Whirlaway]

Ryan's plan tackles the debt more aggressively than your one man band proposal.

[CJ7]

Originally Posted by Whirlaway

Ryan's plan tackles the debt more aggressively than your one man band proposal.

Ryans plan balances the budget in 30 years ... your ass will be dead and he'll be in a nursing home

[Whirlaway]

And how many decades does your plan take ?

[Doove]

We could trim $500Billion/yr from the defense budget and not even feel it.

Except for what that would do to the economy.

But the government doesn't create jobs.

What to do, what to do.