• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

My 5 Year Old Grandson Is Already $30,000 In Debt

A

Anonymous

Guest
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 25 Nov 2006 at 06:39:22 PM GMT is:

$8,616,003,195,049.52

The estimated population of the United States is 300,313,302
so each citizen's share of this debt is $28,690.03.

The National Debt has continued to increase an average of
$1.91 billion per day since September 29, 2006!
Concerned? Then tell Congress and the White House!
 

Steve

Well-known member
each of US was born in debt,.....well some of US , as an ol timer you might have started out free and clear.....

I would gladly pay my share,......if they could stop spending it......

I will never support a tax increase before spending is brought under control.....

history.gif


inflation.gif



The United States has had public debt since its inception,.... The debt then peaked at 67.3% of GDP in 1996

Politicians love to crow "The deficit is down! The deficit is down!" like it's a great accomplishment. Don't be fooled. Reducing the deficit just means we're adding less to the Debt this year than we did last year. Big deal -- we're still adding to the Debt. When are we going to start seeing the Debt actually go down?
http://www.brillig.com/debt_clock/faq.html
 

Econ101

Well-known member
Hey, I like your thinking there, Steve. Now just get them to stop deficit spending. If you don't have it, you shouldn't borrow it and spend it anyway.
 

Red Robin

Well-known member
They are buying our land and resources with our money anyway. Tell them to stop spending and sell back the vast rangeland, rivers, and such to pay off the debt.
 
A

Anonymous

Guest
Neat graphs Steve--From the graph--it looks to me like we need to find a President and Congress like the ones we had from 1946 to 1980....

If they truly need to spend that much then have a way to pay for it- without passing it off to my children and grandchildren...But when you look at the $billions squandered thru fraud on Katrina relief, the $billions sent around the world in foreign aid- including $millions to fund AIDs research in Communist Vietnam :roll: , etc, etc- I think we just need some arse kicking in Congress and the White House.....
 

Steve

Well-known member
Dis wrote:
I think we just had some arse kicking in Congress. We'll see if it got through to the White House.

interestingly the president does not have the authority to spend......

and dems can really spend.....so don't act like they are "going to stop spending".......Locally Dem Corzine "promised no Tax increases"....then in Clinton style bullying he let the goverment shut down.....just to get the dem controled state assembly to "raise taxes".....

did he tax the rich?...... well you decide

The three taxes were

1% sales tax increase.....

1% property tax increase......

2% gas tax increase......

yep, we all are going to feel that ........more taxes.....more spending.....

so keep gloating you'll get what you voted for,.......
 
A

Anonymous

Guest
Steve said:
and dems can really spend.....

If you look at the graphs for the time between 1994 and today it appears as Repubs can too... :wink: :roll: :( :mad:
 

Steve

Well-known member
OT wrote:
If you look at the graphs for the time between 1994 and today it appears as Repubs can too...


guess thats why those that forgot about thier "fiscal conservative" leanings were replaced...


I am not for spending on either side......for the "feds" to support it....the project should have a national impact......way to much spending on pet projects.....way to much waste.....

but it is done by both sides and should be stopped......
 
A

Anonymous

Guest
Christopher Ruddy
Editor, NewsMax.com

Our enemies are now controlling America's financial future -- and your financial future, if you are invested in dollars and the U.S. economy.

It's a worrisome thought, but a real one.

Nearly 70% of global currency reserves are now held by developing countries. The irony is that the three countries in the world adding reserves the fastest, and thus buying the most U.S. debt now are China, Saudi Arabia, and Russia -- none of them democracies. Venezuela and Iran -- two countries seeking to undermine the U.S. are close behind.

We are increasingly counting on a group of creditors who are not our closest friends but have a bigger and bigger stake in America.

According to a recent Wall Street Journal article, economists are increasingly concerned that China or another American rival could someday use its huge holdings of U.S. debt as a geopolitical weapon -- regardless of the harm it would cause to its own economy.
 

jodywy

Well-known member
Disagreeable said:
I think we just had some arse kicking in Congress. We'll see if it got through to the White House.
There is no real danger of any legislative action emerging from this Congress. Yes, the president has a veto the Democrats cannot override, but nothing will ever make it as far as the desk at 1600 Pennsylvania Avenue. House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., are just spinning their wheels.

In the Senate, there is no such thing as a majority. Ever since the elder Bush's administration, the filibuster has become routine. No longer reserved for civil-rights issues or for egregious legislation, it now is used to counter even motions for recess and adjournment. Members of the Senate are no longer subjected to the indignity of standing on their feet and reading a telephone book. Rather, the gentlemen’s filibuster applies.

The majority leader phones the minority leader and asks if a filibuster is in effect. With his feet up on his desk, the Republican replies that it is and the Democrat, despite his majority, does not even think about bringing up his bill for consideration unless he has a good shot at the 60 votes required to shut off debate. In the Senate, 51 votes determine who gets the corner office, but to pass legislation, one needs 60.



In the House of Representatives, with its 435 members, the Republican Party needed a simple majority – 218 – to rule. The Democrats need considerably more. The normal rules of a mathematical majority do not take into account the fractious nature of the Democratic Party.

Where the Republican majority best resembled the Prussian Army – disciplined, unified and determined – the Democratic majority in the upcoming Congress is disunited, dispersed and divided into myriad caucuses and special interest groups. One could purchase the Republican majority wholesale by making a deal with the speaker and the majority leader. But to get the Democratic majority in line, one has buy it retail — caucus by caucus.

First, one has to go to check with the Black Caucus — hat in hand — to see if one’s bill has enough liberal giveaways to round up its forty or so votes. Thence to the Hispanic Caucus for a similar screening. Then, with one’s legislation weighted down with liberal provisions added by these two groups, one has to sell it to the Democratic Leadership Council moderates and, even worse, to the Blue Dog Democrats — the out and out conservatives.By Dick Morris
 

Disagreeable

Well-known member
Steve said:
Dis wrote:
I think we just had some arse kicking in Congress. We'll see if it got through to the White House.

interestingly the president does not have the authority to spend......

and dems can really spend.....so don't act like they are "going to stop spending".......Locally Dem Corzine "promised no Tax increases"....then in Clinton style bullying he let the goverment shut down.....just to get the dem controled state assembly to "raise taxes".....

did he tax the rich?...... well you decide

The three taxes were

1% sales tax increase.....

1% property tax increase......

2% gas tax increase......

yep, we all are going to feel that ........more taxes.....more spending.....

so keep gloating you'll get what you voted for,.......

:shock: Didn't you know we're at war! No sensible official would cut taxes when we're at war! Wars cost a lot of money. Oh, right, we're talking about George W. Bush. Sensible doesn't apply here.

The President has the authority and responsibility to veto irresponsible spending bills. Bush has refused to do that. His one and only veto was used on a bill to stop stem cell research that could save or improve the lives of millions of Americans. Republican Senator Jim Talent from MO paid the price for that veto.

Someone has to pay down the debt the Republicans have run up. Guess who? Bill Clinton worked with a Republican House and paid down the debt Reagan and George HW Bush ran up. Will George W. Bush be willing to work with a Democratic Congress? We'll see.
 

Disagreeable

Well-known member
jodywy said:
Disagreeable said:
I think we just had some arse kicking in Congress. We'll see if it got through to the White House.
There is no real danger of any legislative action emerging from this Congress. Yes, the president has a veto the Democrats cannot override, but nothing will ever make it as far as the desk at 1600 Pennsylvania Avenue. House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., are just spinning their wheels.

In the Senate, there is no such thing as a majority. Ever since the elder Bush's administration, the filibuster has become routine. No longer reserved for civil-rights issues or for egregious legislation, it now is used to counter even motions for recess and adjournment. Members of the Senate are no longer subjected to the indignity of standing on their feet and reading a telephone book. Rather, the gentlemen’s filibuster applies.

The majority leader phones the minority leader and asks if a filibuster is in effect. With his feet up on his desk, the Republican replies that it is and the Democrat, despite his majority, does not even think about bringing up his bill for consideration unless he has a good shot at the 60 votes required to shut off debate. In the Senate, 51 votes determine who gets the corner office, but to pass legislation, one needs 60.



In the House of Representatives, with its 435 members, the Republican Party needed a simple majority – 218 – to rule. The Democrats need considerably more. The normal rules of a mathematical majority do not take into account the fractious nature of the Democratic Party.

Where the Republican majority best resembled the Prussian Army – disciplined, unified and determined – the Democratic majority in the upcoming Congress is disunited, dispersed and divided into myriad caucuses and special interest groups. One could purchase the Republican majority wholesale by making a deal with the speaker and the majority leader. But to get the Democratic majority in line, one has buy it retail — caucus by caucus.

First, one has to go to check with the Black Caucus — hat in hand — to see if one’s bill has enough liberal giveaways to round up its forty or so votes. Thence to the Hispanic Caucus for a similar screening. Then, with one’s legislation weighted down with liberal provisions added by these two groups, one has to sell it to the Democratic Leadership Council moderates and, even worse, to the Blue Dog Democrats — the out and out conservatives.By Dick Morris

Yawn. You guys are having a wonderful time pretending you didn't lose the election. But you did. Democrats won, won, won. :lol: No, the Dems aren't the Republicans (thank you, God). They don't walk in lockstep or speak with one voice. But they will work for the American people which is something the Republicans had forgotten how to do. They've laid out a 100 hour agenda that will benefit the lower and middle class American. There will be oversight, as our Constitution requires. Hopefully, there will be investigations to find out what happened to billions of dollars that was sent to Iraq and never accounted for.
 

redrobin

Well-known member
Oldtimer said:
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 25 Nov 2006 at 06:39:22 PM GMT is:

$8,616,003,195,049.52

The estimated population of the United States is 300,313,302
so each citizen's share of this debt is $28,690.03.

The National Debt has continued to increase an average of
$1.91 billion per day since September 29, 2006!
Concerned? Then tell Congress and the White House!
Your grandson will soon be 9 I guess and the poor little feller now owes almost $15,000 more than he did when Bush was in office. :lol: You suckers are such easy marks. Just keep being willing prey to the democrats. They'll take good care of you.




The estimated population of the United States is 308,884,272
so each citizen's share of this debt is $43,117.83.

The National Debt has continued to increase an average of
$4.13 billion per day since September 28, 2007!
Concerned? Then tell Congress and the White House!



--------------------------------------------------------------------------------
 

Mike

Well-known member
The figures told to us by the authorities are no where near the true figure.

If you add ALL unfunded liabilities to the equation, social security, retirement for the military, ferderal workers, etc. The total is much much, more.

I have read the closer number for the national debt is almost 70 TRILLION DOLLARS.

To give you an example of how much a Trillion is...................

If you spent $36,000.00 per hour, it would take you 31,000 years to spend a Trillion..........................

Scary? You betcha!
 

Bullhauler

Well-known member
You ought to feel good Oldtimer. All these nut jobs read your posts and then they bring them back up years later so they can be read again. I don't read one percent of what a few on here post. Hypo and mike just to name a couple.
 
A

Anonymous

Guest
redrobin said:
Oldtimer said:
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 25 Nov 2006 at 06:39:22 PM GMT is:

$8,616,003,195,049.52

The estimated population of the United States is 300,313,302
so each citizen's share of this debt is $28,690.03.

The National Debt has continued to increase an average of
$1.91 billion per day since September 29, 2006!
Concerned? Then tell Congress and the White House!
Your grandson will soon be 9 I guess and the poor little feller now owes almost $15,000 more than he did when Bush was in office. :lol: You suckers are such easy marks. Just keep being willing prey to the democrats. They'll take good care of you.




The estimated population of the United States is 308,884,272
so each citizen's share of this debt is $43,117.83.

The National Debt has continued to increase an average of
$4.13 billion per day since September 28, 2007!
Concerned? Then tell Congress and the White House!



--------------------------------------------------------------------------------

Redrobin- the spending was not going to change no matter who got into the Presidents office- be it Bush 3 (that supported everything GW did) or Obama-- whether the Congress was controlled by the Dems or Repubs (remember Repubs controlled that Congress when much of that debt was incurred)-- so that was a tossup....The only difference was how it was being spent...And personally I would rather have it spent domestically- and on helping US citizens and projects to progress this country into the 21st Century than how it was being spent- warmongering- invading other nations and nationbuilding- and building mansions in the desert for the pleasure of a bunch of camel riders and oilmen....While domestically the county fell apart because of no administrative oversight....
 

hopalong

Well-known member
Yep!!!!
but bull hauler needs to be careful oldtimer will disown him he has no name or address in his profile and we ALL know how oldtimer despises them kind folks with no cajones :wink: :wink:
claims they are ball less
 
Top