How big is the U.S. Debt?

Armistead · 04-10-11, 11:12 AM

Add to that 60 trillion owed in medicare alone to those that have paid in, plus another 10 trillion in SS, that's more money in all the bank and stockmarkets in the world...

Course most of us know the facts, we'll never see either if you're under 50.
Oh, you'll still pay into it of course.

Sailor Steve · 04-10-11, 11:58 AM

I remember the panic and finger-pointing when the overall National Debt hit one trillion dollars. Now the annual budget deficit is more than that.

Amazing.

Oberon · 04-10-11, 12:40 PM

I wonder where it will all end. I mean, you can't just eliminate that level of debt, not without cutting just about everything and anything that moves and the public just won't let you do that, either that or the opposition will block it any way they can.

Torplexed · 04-10-11, 12:43 PM

Quote:

Originally Posted by Oberon

I wonder where it will all end. I mean, you can't just eliminate that level of debt, not without cutting just about everything and anything that moves and the public just won't let you do that, either that or the opposition will block it any way they can.

This dilemma does remind one of Thomas Jefferson's famous quote on the issue of slavery; "we have the wolf by the ear, and we can neither hold him, nor safely let him go."

Oberon · 04-10-11, 12:50 PM

Quote:

Originally Posted by Torplexed

This dilemma does remind one of Thomas Jefferson's famous quote on the issue of slavery; "we have the wolf by the ear, and we can neither hold him, nor safely let him go."

That reminds me of another quote, "If you're riding a tiger, it's hard to get off."

STEED · 04-10-11, 12:53 PM

We can not clear our own deficit on top of our debt but ours is nothing to what you guys have.

04-10-11, 11:58 AM	#2
Sailor Steve Eternal Patrol Join Date: Nov 2002 Location: High in the mountains of Utah Posts: 50,369 Downloads: 745 Uploads: 249	I remember the panic and finger-pointing when the overall National Debt hit one trillion dollars. Now the annual budget deficit is more than that. Amazing. __________________ “Never do anything you can't take back.” —Rocky Russo

04-10-11, 12:53 PM	#6
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	We can not clear our own deficit on top of our debt but ours is nothing to what you guys have. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

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04-10-11, 11:12 AM	#1
Armistead Rear Admiral Join Date: Dec 2008 Location: on the Dan Posts: 10,880 Downloads: 364 Uploads: 0	Add to that 60 trillion owed in medicare alone to those that have paid in, plus another 10 trillion in SS, that's more money in all the bank and stockmarkets in the world... Course most of us know the facts, we'll never see either if you're under 50. Oh, you'll still pay into it of course.

04-10-11, 12:40 PM	#3
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	I wonder where it will all end. I mean, you can't just eliminate that level of debt, not without cutting just about everything and anything that moves and the public just won't let you do that, either that or the opposition will block it any way they can.