It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

$7,102,227,697,541.15 Hey someone at least pay the 15 cents it looks stupid.

page: 1
0
<<   2 >>

log in

join
share:

posted on Mar, 12 2004 @ 12:42 AM
link   
Ok check this out

www.brillig.com...

Now add 500 billion a year which is the current budget deficit. Sad. Seems like someone would pay off that 15 cents though, come on.

Now there is only 650 billion in us dollars in circulation and the us government has a gold reserve valued at 11 billion or so. But they only value the gold at 44 dollars an ounce instead of market value.

www.fms.treas.gov...

I guess because if you dumped that much gold on the market thats how much the value would drop who knows.

I feel a bad moon rising, who knows maybe they're shooting for a quadrillion. Somebodys gotta pay someday it's not just gonna go away. You all knows what happens when you don't pay your bills.

[Edited on 12-3-2004 by Hoppinmad1]




posted on Mar, 12 2004 @ 12:45 AM
link   

Originally posted by Hoppinmad1

You all knows what happens when you don't pay your bills.

[Edited on 12-3-2004 by Hoppinmad1]


People ring you up and say "You have this bill overdue and owe this much money".

LIKE I ALREADY DIDN'T KNOW THAT!



posted on Mar, 12 2004 @ 12:46 AM
link   
Except in the United states case a lot more is at stack than your ability to watch porn on cable t.v. and call your girlfriend.



posted on Mar, 12 2004 @ 12:47 AM
link   
You know what's crazy about this site? If you refresh the page, every time refreshed it will show a new number, which is considerably higher than the previous.


Mr. M



posted on Mar, 12 2004 @ 01:01 AM
link   
I wonder how the hell they are going to pay off that debt. The only way I could think of would be to do an illegal take over of all the tobacoo/cigaret companies.



posted on Mar, 12 2004 @ 01:15 AM
link   
Perhaps if they asked for donations from people all around their own country US could pay off some of it.

It is massive though, true mismanagement results in this outcome, and it is unfortunate.

Perhaps your next president will be stingy with spending, to try and remove this debt, so as to help the future generations improve the country, instead of see it deteriorate as time passes.

By the way, your avatar Ilovepizza looks quite tasty in a way, though that pizza looks too greasy, I have some good pizza left over from what I ordered tonight that I have to go have a bite of, since your avatar made me in the mood for some.

[Edited on 12-3-2004 by QuestForSafety]



posted on Mar, 12 2004 @ 01:18 AM
link   
QuestforSafety, where are you from? You refer to "your" president when speaking about "our" president.

Mr. M

[Edited on 12-3-2004 by StarChild]



posted on Mar, 12 2004 @ 01:25 AM
link   

Originally posted by QuestForSafety
Perhaps if they asked for donations from people all around their own country US could pay off some of it.


That better be joke...cause the last thing we need to do is give the government more of our money. They already tax our income before we even see it...asking us to "donate" more would be like the preacher sending the collection plate around twice.



posted on Mar, 12 2004 @ 01:40 AM
link   
Pfff... the only way for the gov to get rid of their debt is to buy into the porn industry. Think I'm joking? The porn industry is making some HUGE bucks! I just surf thumbnail sites... FREE PORN! Just like in the 70's, or so I'm told... I'm just a product of the 70's.

Quest, still think you should lose the Jackson avatar... I can't take you seriously at all... sry. He made good music in the 80's, but c'mon...



posted on Mar, 12 2004 @ 02:03 AM
link   

Originally posted by Earthscum
Quest, still think you should lose the Jackson avatar... I can't take you seriously at all


LMAO, I can't either.



posted on Mar, 12 2004 @ 02:55 AM
link   
Oh #. I hate to be the only one saying this but here goes:

Its really not that bad, that debt. Nope not at all.

# # #. I feel like i just put my head on the block. Really, this is subject to long and intense debate between intelligent people. I dont feel like a shouting match. If you want to do that, we can discuss it, otherwise just some generalities for you all:

The debt is $7.1 trillion dollars.
(source thread)
The GDP of the US is $10.45 trillion dollars. (2002)
The GDP is growing at 2.4% (2002)
Inflation (2002): 1.6%
(source CIA world factbook)
Projected shortfall for FY04: $0.5 trillion
(speculative, from thread)

Simple math yields the following:
Debt as percent of annual domestic product: 67.9%
Anticipated Growth (2004): $0.263 trillion
Anticipated Growth as percent of projected shortfall: 52.6%
Inflation Dollar value of GDP: $0.175 trillion
AG and Inflation as percent of shortfall: 87%

What this means is that growth in the economy can be expected to offset about 50% of the acquired debt for this FY. As we all know, inflation will also serve to offset some of the debt, and combined, roughly 87% of the shortfall this FY is accounted for structurally.

This is not so bad. It just means the dollar burdern we are suffering is roughly only 65 billion. In exchange for this assumed burdern we will recieve the benefit and multiplier effects of spending some $500B today.

There are other aspects of the debt that need to be put into perspective. Mainly that debt as a percent of GDP is only 68%. When you compare this to most American Households, the amount is trivial.

The population of the US is 290Million.
According to Globalpolicy.org, the total private credit-debt of the american public is $8.45 trillion including mortgages and credit.

That yields a personal debt of roughly $29,000. Per capita, the populations income is $36,300, or 80% of annual income.

All this serves to indicate that the US is in superior shape financially than the average person is inside the US. Several economic journals have published papers indicating that debt/earnings ratios as high as 300% as safe to maintain for the public. (as indicated by the financial situation of homeownersm who often mortgage out $100k - $500k (half-mil. in my area) without suffering a burden).

Hope this helps. Let the flame commence!

-The Cas-



posted on Mar, 12 2004 @ 02:59 AM
link   

Originally posted by Earthscum
Pfff... the only way for the gov to get rid of their debt is to buy into the porn industry. Think I'm joking? The porn industry is making some HUGE bucks! I just surf thumbnail sites... FREE PORN! Just like in the 70's, or so I'm told... I'm just a product of the 70's.

Quest, still think you should lose the Jackson avatar... I can't take you seriously at all... sry. He made good music in the 80's, but c'mon...

He's right the porn industry is raking in the bucks in the States i saw an episode of 60 mins about that they said that if the authorities clamp down on porn the country would not be making enough money(or something like that)



posted on Mar, 12 2004 @ 05:30 AM
link   
Have you guys ever seen a movie from like the 80's I think called "Gas".

If not, check it out.

And, yes, it is relevant to this topic....lol.



posted on Mar, 12 2004 @ 05:48 AM
link   
this "debt" is irrelevant considering there should be no such thing as the Federal Reserve which is the proprietor of this debt.

due to the fact taht it is a fraudelent ogranization which has more money than it can spend ALREADY, this debt should continue to be ignored and regarded as baseless.

a simple metaphor for you slowbies is this. if I came to you and said, "hey, my name is federal reserve . you there with the million bucks. im the source of that money since I have a large stockpile of hot air and political connections. i made that money from the hot air and had the political puppets inflate its value from 0 to a million bucks. gimme your money, now. hell, it came from me, so it BELONGS to me. so give it back... wait. no... calculating interest.... gimme a BILLION bucks now because you waited to pay me back."



posted on Mar, 12 2004 @ 05:52 AM
link   
HAHAHA!!! That's hiliarious. You're absolutely right AlnilamOmega. That pretty much sums up this thread! Next...


Mr. M



posted on Mar, 12 2004 @ 07:47 AM
link   
Wanna know how to pay this debt off?...

Start forcing religious organizations to pay taxes on real estate and income. If they are so anxious to meddle in the affairs of state and government, let them pay like the rest of us. They have had a free ride for FAR FAR too long.

Oh, and you can also start with much more strict tax laws for corporations...



posted on Mar, 12 2004 @ 09:23 AM
link   

Originally posted by Thorfinn Skullsplitter
Wanna know how to pay this debt off?...

Start forcing religious organizations to pay taxes on real estate and income. If they are so anxious to meddle in the affairs of state and government, let them pay like the rest of us. They have had a free ride for FAR FAR too long.

Oh, and you can also start with much more strict tax laws for corporations...


You are right you are so right. Seperation of Church and State is gone in America today. I lived in Dallas for years and I was offeneded by the multi-million dollar churches being built tax free. Why are they still tax free? If they influence our government then pay your dues like everyone else.

Maybe I should do a movie that shows the taxpayers of America being crucified by an angry mob of religious leaders? Probably couldn't get any funding for that one.



posted on Mar, 12 2004 @ 09:41 AM
link   
IMO, the government doesn't want to pay the National Debt off no matter how you look at it. The way I see it, our taxes that are going to the government right now could easily reduce the national debt. But they're not. And do you know why? Many of our taxes are wasted. That's right. Wasted. Here's what the government should do. All the taxes that they do waste on pointless things should go towards reducing the national debt. But the government would rather increase and keep finding ways to spend our money.

I'm tired of the government complaining about the national debt because they keep spending our money on the dumbest things. There's nothing we can do to reduce it because we have no control over it. I guarantee you that taxing us more won't reduce it. How do I know this? Simply go here: www.taxpayer.net...



posted on Mar, 12 2004 @ 10:55 AM
link   
Can i browe 10 dollers
but only give me 5 of it
that way you owe me 5 dollers
and i owe you 5 dollers
that way we will be even



posted on Mar, 12 2004 @ 12:37 PM
link   
On a website like, no one has mentioned how someone, somewhere, is making a whole lot of money on the interest.

Any guesses?



new topics

top topics



 
0
<<   2 >>

log in

join