Congress raises debt limit
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Administrator
Joined: Jul 2001
Posts: 24,416
From: Stuart, FL
Yay for us.... like my ex-wife with a new credit card.
http://seattletimes.nwsource.com/html/nati...spending17.html
http://seattletimes.nwsource.com/html/nati...spending17.html
Senior Member
Joined: Jun 2002
Posts: 1,312
From: WA
I love the united states, I really do. I love giant corporations, I love huge stores that are larger than most towns of the world, I loe the over sized food we eat, I love it all ... but damn it if I dont think things like this are going to haunt this country for the next 100 years or more. 
The US will fail eventually ... we will eventually die off into something else. booooooo..... booo america and americans that own everything on borrowed money.
The US will fail eventually ... we will eventually die off into something else. booooooo..... booo america and americans that own everything on borrowed money.
Senior Member
Joined: Sep 2004
Posts: 218
Originally Posted by sidewinderx7' post='808479' date='Mar 17 2006, 08:41 PM
I love the united states, I really do. I love giant corporations, I love huge stores that are larger than most towns of the world, I loe the over sized food we eat, I love it all ... but damn it if I dont think things like this are going to haunt this country for the next 100 years or more.
The US will fail eventually ... we will eventually die off into something else. booooooo..... booo america and americans that own everything on borrowed money. amen
Senior Member
Joined: May 2002
Posts: 22,465
From: California
from my dad:
Here's something thought provoking -
The next time you hear a politician use the word "billion" in a casual
manner, think about whether you want the "politicians" spending your
tax money.
A billion is a difficult number to comprehend, but one advertising
agency did a good job of putting that figure into some perspective in
one of its releases.
a.. A billion seconds ago it was 1959.
b.. A billion minutes ago Jesus was alive.
c.. A billion hours ago our ancestors were living in the Stone Age.
d.. A billion days ago no-one walked on the earth on two feet.
e.. A billion dollars ago was only 8 hours and 20 minutes, at the
rate our government is spending it.
Here's something thought provoking -
The next time you hear a politician use the word "billion" in a casual
manner, think about whether you want the "politicians" spending your
tax money.
A billion is a difficult number to comprehend, but one advertising
agency did a good job of putting that figure into some perspective in
one of its releases.
a.. A billion seconds ago it was 1959.
b.. A billion minutes ago Jesus was alive.
c.. A billion hours ago our ancestors were living in the Stone Age.
d.. A billion days ago no-one walked on the earth on two feet.
e.. A billion dollars ago was only 8 hours and 20 minutes, at the
rate our government is spending it.
Junior Member
Joined: Jul 2001
Posts: 14
Originally Posted by j9fd3s' post='808536' date='Mar 18 2006, 11:13 AM
e.. A billion dollars ago was only 8 hours and 20 minutes, at the
rate our government is spending it.
umm lets keep in mind Clinton had the debt paid for -- this is all on Bush so all you Bush suporters Thanks!!
Senior Member
Joined: Jan 2003
Posts: 2,871
From: London, Ontario
Originally Posted by Amy' post='808795' date='Mar 20 2006, 12:15 PM
umm lets keep in mind Clinton had the debt paid for -- this is all on Bush so all you Bush suporters Thanks!!
Not the debt, the deficit.
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Administrator
Joined: Jul 2001
Posts: 24,416
From: Stuart, FL
he eliminated the deficet and made the largest payments in history towards the debt.
During the regan bush administration the national debt increased by it's largest proportion ever (vs gdp) which can be argued as being due to inflation rather then spending, but then you would have to also understand why the drastic inflation occurred uhhhhhhh can u say raganomics?
Clintons plan had us out of debt by 2010, the problem we face now is that we have minimal exports, overwhelming imports and a declining dollar. The more money we owe foreign nations and the less valuable our dollar becomes the quicker our debt will rise EVEN if we were to eliminate the current spending spree.
We're an 18 year old with our first credit card and when the cc company gives us an increase we get all excited and spend it as fast as we can.
During the regan bush administration the national debt increased by it's largest proportion ever (vs gdp) which can be argued as being due to inflation rather then spending, but then you would have to also understand why the drastic inflation occurred uhhhhhhh can u say raganomics?
Clintons plan had us out of debt by 2010, the problem we face now is that we have minimal exports, overwhelming imports and a declining dollar. The more money we owe foreign nations and the less valuable our dollar becomes the quicker our debt will rise EVEN if we were to eliminate the current spending spree.
We're an 18 year old with our first credit card and when the cc company gives us an increase we get all excited and spend it as fast as we can.
Senior Member
Joined: May 2002
Posts: 22,465
From: California
Originally Posted by Cheers!' post='808800' date='Mar 20 2006, 09:45 AM
Too bad the world doesn't use the gold system anymore... Need money? Go mine for more gold or steal another country's gold.
yeah, we can do that too. do you have a flag?
