Current National Debt

[Texsox]

http://www.usdebtclock.org/

 

$40,000 per person. Almost $14,000,000,000,000.00. For example we owe China $880,000,000. This year we will have a deficit of $4,000 per person. If we ever do pay back all that debt, who will be paying it? My taxes were cut, so it can't be me, but I wonder who will be paying that $40,000 per person debt?

[Texsox]

BTW, here it is in 2,000 going backwards, $5 trillion and shrinking

 

http://www.usdebtclock.org/2000.html

[Balta1701]

http://www.usdebtclock.org/

 

$40,000 per person. Almost $14,000,000,000,000.00. For example we owe China $880,000,000. This year we will have a deficit of $4,000 per person. If we ever do pay back all that debt, who will be paying it? My taxes were cut, so it can't be me, but I wonder who will be paying that $40,000 per person debt?

In today's dollars, the debt after WWII was something greater than $60,000 a person.

[lostfan]

The national debt is never going to be repaid. Let's just own up to that now while we can.

[jasonxctf]

no one will ever have to pay it.

there's no end game.

as long as we can cash flow the debt payments, who the hell cares.

[kapkomet]

no one will ever have to pay it.

there's no end game.

as long as we can cash flow the debt payments, who the hell cares.

 

This might be the most intelligent unintelligent post ever in this forum. Think about it for a sec.

[jasonxctf]

yeah i get it.

 

my comment about no one having to actually pay it was at a macro level.

 

it will always be added to, refinanced, extended, etc. will go on till the end of time.

 

as i type one handed, holding my 8 week daughter in the other hand, i think that in her lifetime, we will never pay off the debt.

Edited December 3, 2010 by jasonxctf

[kapkomet]

yeah i get it.

 

my comment about no one having to actually pay it was at a macro level.

 

it will always be added to, refinanced, extended, etc. will go on till the end of time.

 

as i type one handed, holding my 8 week daughter in the other hand, i think that in her lifetime, we will never pay off the debt.

 

It kind of makes you sad to think about, no? It does me. It's going to be that much harder for our kids to make it.

[Balta1701]

It kind of makes you sad to think about, no? It does me. It's going to be that much harder for our kids to make it.

Only if: we never fix Health Care in this country, and our economy never recovers from 2008. (Or if we're spending all our money building sea walls around major coastal cities).

[lostfan]

If we ever do get to the point where we have a surplus that is big enough to place a light at the end of the debt tunnel (like in 2000) then we will just push whoever is running for president to cut taxes to get rid of the "tax surplus." People don't remember this but both Bush and Gore were going to cut taxes if they got elected, but they obviously disagreed about the amount.

[Balta1701]

If we ever do get to the point where we have a surplus that is big enough to place a light at the end of the debt tunnel (like in 2000) then we will just push whoever is running for president to cut taxes to get rid of the "tax surplus." People don't remember this but both Bush and Gore were going to cut taxes if they got elected, but they obviously disagreed about the amount.

Lockbox!