General Category > General Discussion

National debt clock

(1/2) > >>

My2Cents:
The national debt blew past $15 trillion dollars this week, on Wednesday, to be specific.  Take a look at the national debt clock today, about 48 hours after the mark of $15 trillion was passed:  http://www.usdebtclock.org/

As of this posting, almost $7.5 billion have been added to the debt since Wednesday's $15 trillion mark.  The Stupor Committee is struggling to come up with a total of $4 trillion to shave from the national debt OVER TEN YEARS.  What about the other $11 trillion of debt as of today?  And if the US can generate $7.5 billion in debt in about 48 hours, what good will $4 trillion over tens years be in terms of projected debt?

Rapunzel:
Amazing.......   and in the meantime congress is playing gamesmanship politics.

My2Cents:

--- Quote from: Rapunzel on November 18, 2011, 09:33:02 pm ---Amazing.......   and in the meantime congress is playing gamesmanship politics.

--- End quote ---

It's staggering.  Both sides are playing it.  I just checked the projected debt for 2015, four years from now:  It's estimated to be nearly $24 trillion!  The debt is expected to increase $9 trillion in four years, and these morons are pissing on each other for a measely $4 trillion over the next decade.

My2Cents:
...and the fact that a guy like John Kerry is on this "Super Committee" shows how unserious the Democrats are at solving the debt crisis.

I despair that it won't matter who gets elected next year.  I feel like the US is a bus that has flown over the edge of a cliff but hasn't yet the bottom of the canyon, and we're arguing about who gets the window seats.  It's insanity.

Rapunzel:

--- Quote from: My2Cents on November 18, 2011, 09:40:05 pm ---It's staggering.  Both sides are playing it.  I just checked the projected debt for 2015, four years from now:  It's estimated to be nearly $24 trillion!  The debt is expected to increase $9 trillion in four years, and these morons are pissing on each other for a measely $4 trillion over the next decade.

--- End quote ---

I know.  The other day Rand Paul was on Cavuto and said what no one is saying is if we just froze current spending levels we would cut trillions out of the debt, that a big part of this is we have all these increases built in that just keep it exploding upward and onward.

Navigation

[0] Message Index

[#] Next page