jdobbin Posted October 13, 2008 Report Posted October 13, 2008 http://www.msnbc.msn.com/id/27150961/ A watched clock never moves — unless it's the National Debt Clock.In fact, the digital counter has been moving so much that it recently ran out of digits to display the ballooning figure: $10,150,603,734,720, or roughly $10.2 trillion, as of Saturday afternoon. The clock was put up by the late real estate mogul Seymour Durst in 1989 when the U.S. government's debt was a mere $2.7 trillion, and was even turned off during the 1990s when the debt decreased. Guess we'll see that number jump even more in the U.S. this coming year. Quote
sharkman Posted October 13, 2008 Report Posted October 13, 2008 For me the question is, when will the US have their credit rating reduced? Whoever wins the election will have a terrible mess to deal with. Quote
Oleg Bach Posted October 13, 2008 Report Posted October 13, 2008 For me the question is, when will the US have their credit rating reduced? Whoever wins the election will have a terrible mess to deal with. I am not an educated man. One thing I do understand is that no one really has any real money. The fiat system has to be carefully controlled and regualated or it will stop working. The credit rating may not be reduced in the US - the bailout money may simply be cash to finance the departure of the bandits that wrecked the place. The terrible mess that the poor Americans will have to deal with - will consist if they are wise with puniative measures taken against economic traitors to the nation...and I doubt if they are going to jail their friends..so it may be a stalemate till they come to their senses - BUT _ It may be to late....still - there are good people down their - and maybe they will learn a lesson - that poor is not for ever and rich is not for ever and there are others to think of other than themselves..we are all in this together - rich and poor must co-operate - a mad dash to some private island with private security is not the solution - The Americans will have to reprimand thousands of executives and turn them into good managers of the empire - The plundering must stop. Quote
Topaz Posted October 13, 2008 Report Posted October 13, 2008 As long as they are at war, their debt will continue to increase and as long as they keep borrowing money the US is going to be in very sad shape. I just wondering how long will it be before China says I some of your states, like California etc for payment??? Quote
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