US Debt Clock dot Org

Shady · February 2, 2010

This site is a must read, or at least a must look. Especially if you're one of the forumers who insists that the debt and deficit are *yawn*, no big deal. Constantly referring back to WWII, when American debt was a fraction of GDP, entitlement spending equaled ZERO dollars per year, and most of the world was unprepared to compete economically. As if the current situation is in any way, shape, or form, even remotely close to the one 60 - 70 years ago.

For me, the biggest number that stood out, was the unfunded liabilities of $107 trillion dollars. :blink: This is money that by law, has to be paid out by the federal government. There is no tax increase that one can propose, that can even come close to closing this gap. The government has over promised. And this mess is the unintended consequences of good intentions. Or so-called good intentions.

This proves beyond a shadow of a doubt, that statism, and socialism, is a train wreck waiting to happen. And America, as well as many other countries, have just kicked the can down the road. But eventually, this ponzi scheme known as universal healthcare, and universal education, and universal social security, and universal this, and universal that, all comes crashing down like a house of cards.

This special comment was brought to you by Shady

punked · February 2, 2010

US Debt Clock dot Org

This site is a must read, or at least a must look. Especially if you're one of the forumers who insists that the debt and deficit are *yawn*, no big deal. Constantly referring back to WWII, when American debt was a fraction of GDP, entitlement spending equaled ZERO dollars per year, and most of the world was unprepared to compete economically. As if the current situation is in any way, shape, or form, even remotely close to the one 60 - 70 years ago.

For me, the biggest number that stood out, was the unfunded liabilities of $107 trillion dollars. This is money that by law, has to be paid out by the federal government. There is no tax increase that one can propose, that can even come close to closing this gap. The government has over promised. And this mess is the unintended consequences of good intentions. Or so-called good intentions.

This proves beyond a shadow of a doubt, that statism, and socialism, is a train wreck waiting to happen. And America, as well as many other countries, have just kicked the can down the road. But eventually, this ponzi scheme known as universal healthcare, and universal education, and universal social security, and universal this, and universal that, all comes crashing down like a house of cards.

This special comment was brought to you by Shady

Those promises and 107 Trillion have been fought to be kept by the Republicans Shady? Remember when Obama proposed a 500 billion Medicare cut and the Republicans went crazy and proposed a "'Seniors' Bill of Rights" saying they would never cut those costs? OHHHHH NOSE!!!! NOT THE REPUBLICANS. I agree there is a problem of under funded Social programs but this problem isn't a US problem every country has it. Guess what? Money has the value we assign too it, the only thing that has real value is work, so get ready to pull up your socks because I am not going to let my grandparents, or parents suffer in their old age, you can.

whowhere · February 3, 2010

US Debt Clock dot Org

This site is a must read, or at least a must look. Especially if you're one of the forumers who insists that the debt and deficit are *yawn*, no big deal. Constantly referring back to WWII, when American debt was a fraction of GDP, entitlement spending equaled ZERO dollars per year, and most of the world was unprepared to compete economically. As if the current situation is in any way, shape, or form, even remotely close to the one 60 - 70 years ago.

For me, the biggest number that stood out, was the unfunded liabilities of $107 trillion dollars. This is money that by law, has to be paid out by the federal government. There is no tax increase that one can propose, that can even come close to closing this gap. The government has over promised. And this mess is the unintended consequences of good intentions. Or so-called good intentions.

This proves beyond a shadow of a doubt, that statism, and socialism, is a train wreck waiting to happen. And America, as well as many other countries, have just kicked the can down the road. But eventually, this ponzi scheme known as universal healthcare, and universal education, and universal social security, and universal this, and universal that, all comes crashing down like a house of cards.

This special comment was brought to you by Shady

Or you are going to wake up one day and understand why gasoline was 5 cents a gallon in the 50's and is now 3 to 4 dollars a gallon? Why because the US government will print 107 trillion dollars when the time comes to pay up and gasoline will be 10 dollars a gallon and minimum wage will be 25 dollars an hour. Understanding US economics yet?

eyeball · February 3, 2010

But eventually, this ponzi scheme known as universal healthcare, and universal education, and universal social security, and universal this, and universal that, all comes crashing down like a house of cards.

Well, the private sector seems perfectly content to keep on lending money to the government, If its such a Ponzie scheme why do they keep on lending out their money?.