Currently, the debt for the U.S. is just over $10,500,000,000,000. Debt Clock
Let me ask you...what is to be done about this?
If anything, I feel this should be at near the top of the political agenda for Mr. Obama. In my opinion, this makes my country look pathetic. It's
like growing up either learning how to manage money, or being completely broke with no savings for the rest of your life.
Who would want to do serious business dealings (although they do) with the Unites States with such a horrible background with dealing with monetary
With celebrities getting paid to talk, athletes getting paid to walk, and T.V. getting paid to gawk, why is all of this money being thrown into this?
Couldn't this money go to a greater cause? Now don't get me wrong, I love sports, tv, and movies.
It seems that since we have U.S. Treasuries with access to printing presses, and all the damn trees we could ever need, there is endless cash to be
made, and spend, the debt is just a number.
Our nation is in a crisis, and I haven't seen nearly anything done about it at all. Thanks for the $600 stimulus check I got last year, it
immediately went to my mortgage and some bills, because everything costs so much.
There are hardly any long-term solutions for pulling the U.S. out of debt. It will only work if the nation, as a whole, comes together and starts
paying HEAVY taxes. And who wants to do that? Everything would have to be taxed, and sent to one account to pay off the debt. Tens of thousands of
salaries would have to be cut severely. Food, T.V., Internet, Gasoline, basically lifes neccessities that have a guaranteed profit behind them. The
rough outline I made in a few hours a year or 2 ago, clearly shows this nation would take a minimum of 25-30 years of deep taxes to pull out of debt.
If interest rates stayed low, fuel prices low, and more people could get credit
, this economy would FLOURISH. It's all about credit, and we
have none. And now they are talking a second "stimulus" worth $500 per working adult. Tally up that debt clock.
When is it actually going to happen? Is it just going to turn into some number that has no significance? I mean...wow.