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.

 

US debt will be $26 trillion in 10 years. Wake up!!!

page: 1
5
<<   2 >>

log in

join
share:

posted on Aug, 1 2011 @ 09:36 PM
link   
Congratulations USA, your leaders have brainwashed you with BS again.

Firstly everyone celebrate for this new bill that addresses the US debt by cutting spending by 2 trillion over 10 years.

Im sure alot of you would do a way better job of running a country than your messiah, I learned when I was 16 in accounting classes not to spend money I don't have. Why a puppet like Obama is getting away with this I have no idea. A downgrade on your credit rating would have been the best thing to entice fiscal order, but now sadly the rate of debt increase in going to explode because of this bill passing. The bill cuts spending by 2 trillion over 10 years, yet debt increases by 3.8 billion a day, let's do the math,

365days x 10years = 3650days

3650days x $3,800,000,000 daily added debt = $13,870,000,000,000 added debt

So in next ten years, USA will add $13,870,000,000,000 to the already existing debt.

Note nothing done to address current rate of debt increase. So let's add the two together

$14,354,479,258,912.17 current debt add $13,870,000,000,000 of projected debt.

In 10 years, the total debt will $28,224,479,258,912.17

Let's subtract the 2 trillion this bill cuts over these 10 years

New figure is $26,224,479,258,912.17 in debt by then.

Congratulations you elect people that don't do anything. every news channel is going on about how good of an outcome this is. You got to be joking right?




posted on Aug, 1 2011 @ 09:42 PM
link   
The actual number in 10 years based on the amounts that are authorized in the bill that just passed the house tonight would put us at 24.687 trillion in 2021. It is all spelled out right in the bill in black and white. They didn't even use any funny phrasing or try to hide it, they just put it right out there in the open.



posted on Aug, 1 2011 @ 09:42 PM
link   
Well, what do you expect? Personally I don't think we'll make it to the end of the year but that's just me. I think they know something is about to happen...so if anything this was just a empty gesture to make people feel at ease until the SHTF.

Then its anything goes..



posted on Aug, 1 2011 @ 09:43 PM
link   

Originally posted by SpaDe_
The actual number in 10 years based on the amounts that are authorized in the bill that just passed the house tonight would put us at 24.687 trillion in 2021. It is all spelled out right in the bill in black and white. They didn't even use any funny phrasing or try to hide it, they just put it right out there in the open.


It's unbelievable, the bigger picture here is how the hell are they getting away with such madness.



posted on Aug, 1 2011 @ 09:45 PM
link   
I could'nt vote.

Why are you blaming me?



posted on Aug, 1 2011 @ 09:47 PM
link   

Originally posted by BooKrackers
Well, what do you expect? Personally I don't think we'll make it to the end of the year but that's just me. I think they know something is about to happen...so if anything this was just a empty gesture to make people feel at ease until the SHTF.

Then its anything goes..


You know I have considered this as an outcome. Because it doesn't add up, your leaders can't be this dumb. Can they? So what do they know that we don't, if an "extreme" SHTF event occurs maybe the debt will be void.



posted on Aug, 1 2011 @ 09:48 PM
link   
Yeah

We're going to give taxpayer money to the Pentagon to fund more wars in this decade. The cycle continues. Foreigners and NATO soldiers die in ludicrous American world police action, and old people collecting their SS, or using Medicare get blamed for the debt.


I swear if we don't at least chuckle a little we would go mad. It's effing pathetic!



posted on Aug, 1 2011 @ 09:49 PM
link   
reply to post by MasterAndrew
 


It's simple really, they did the same thing with the healthcare bill, and with the stimulus bill. They just create a huge "crisis" then you ram a bill through at the last second that nobody has time to read or amend. This isn't the first time they have done it, and based on it's success rate I am sure it won't be the last.



posted on Aug, 1 2011 @ 09:50 PM
link   

Originally posted by liejunkie01
I could'nt vote.

Why are you blaming me?


who else would be to blame, these are your leaders.... citizens are not powerless.... yet something's wrong.



posted on Aug, 1 2011 @ 09:58 PM
link   
The know the SHTF real soon so they are not really interested in you or your grandkid's grandkids.

What else would explain this case of adding 24 trillion? They need their shelters for the elite right now.



posted on Aug, 1 2011 @ 10:04 PM
link   
Well in addition, if you see or hear anyone say how's it going to save 2 trillion over ten years, remember what you have learned here and ask questions.



posted on Aug, 1 2011 @ 10:13 PM
link   
What's the difference? It's not like we're ever going to pay back the debt, anyway. It'll just keep going up, and we'll keep raising the ceiling. What's it matter when nobody plans on paying the bill in the first place.

Sure, they talk like they're going to pay it, but lets be real here for a minute. We simply don't have the income to run the country in the way they do and pay down the debt at the same time.

Hell, it's all just pretend money at that level anyway. Nobody's ever going to see all those trillions sitting in a heap of cash. It's just ones and zeros on a computer somewhere.



posted on Aug, 1 2011 @ 10:18 PM
link   
reply to post by subject x
 
Have you been to the grocery store lately hyperinflation is coming there are consequences



posted on Aug, 1 2011 @ 11:18 PM
link   
reply to post by MasterAndrew
 


The question I have is this.

Is that 2011 trillion dollars or 2021 trillion dollars?

I feel sorry for the children of today.

They are the ones that are going to suffer.

Even the young adults will not have much of a future.



posted on Aug, 2 2011 @ 02:02 AM
link   
reply to post by MasterAndrew
 


Since you are bringing it up...A little bit of nostalgia, maybe a refresher to those who forgot, and a splash of cool water in the face to you MasterAndrew and perhaps others, who never knew it in the first place...Indeed, wake up and try to keep up...

In 1999 - The United States had a 5.7 Trillion Dollar Surplus


There it sits, lonely and forlorn on my shelf. A leather-bound copy of the 1999 Budget of the United States of America. A gift from President Clinton to the folks on his team, it was the first balanced budget in decades. But it wasn't supposed to be the last. Indeed, experts projected surpluses as far as the eye could see: $5.7 trillion in surpluses, to be exact. The surpluses were so strong that deep into the future—in 2009—the entire national debt was going to be zero. For the first time since Andy Jackson was president, the United States of America would not owe a dime.



There was no unforeseen earthquake, no tsunami, no hurricane that wiped out our surplus. It was instead a Republican House, a Republican Senate, and a Republican president who squandered the surplus. In full possession of the federal government for the first time since Eisenhower, the GOP—with, to be fair, some help from some very foolish Democrats—systematically dismantled the economic and fiscal policies that produced the strongest economy and largest budget surplus in our history. Specifically, they did four things: cut taxes (with a heavy tilt toward the rich), waged two wars on the national credit card (one of which was against a country that had nothing to do with 9/11 and posed no serious threat to America), passed a prescription drug benefit with no pay-for (the first entitlement in American history without a revenue source), and deregulated Wall Street (which helped turn the American economy into a casino and touched off the Great Recession).



I recap all that not to further depress you, Dear Reader. But it is striking how absent that history has been from the coverage of our current crisis. I can understand why the GOP doesn't want to remind folks of how they screwed the pooch. Indeed, they have a competing myth—that Washington went on a spending binge; radical young President Barack Obama went crazy with the national credit card. That, of course, is nonsense. But too few Democrats—and almost no media commentators—have countered the mendacious right-wing storyline.


www.thedailybeast.com...

edit on 2-8-2011 by newcovenant because: (no reason given)



posted on Aug, 2 2011 @ 02:26 AM
link   
reply to post by newcovenant
 


Thank you for that. Might print some out and 'accidentally' leave a pile on the table at work. Will be interesting to see the fireworks after.

Some people can't handle the truth.

Peace.



posted on Aug, 2 2011 @ 02:37 AM
link   
Online data on the debt of various countries in the world (updated realtime).



posted on Aug, 2 2011 @ 02:40 AM
link   
With or without raising the debt ceilling.

For the next 10years, you are going to hear this crap daily on the news.

Debt this, debt that, you are in debt, cuts, growt of big cooperations, inflation, more debt.



posted on Aug, 2 2011 @ 03:24 AM
link   

Originally posted by MasterAndrew

Originally posted by liejunkie01
I could'nt vote.

Why are you blaming me?


who else would be to blame, these are your leaders.... citizens are not powerless.... yet something's wrong.


If some one is unable to vote do to eligibility issues then certainly that person is not to blame.

Furthermore, it's not like our votes matter, we don't choose the candidates, we just choose from the selected pool. Everyone in the pool is on the same page... the system has taken the power away from the citizens but fools them into thinking that they still have it.

So in reality, even though I'm eligible to vote it's not my fault either. It was Obama or McCain.... both would be acting the same way.

The same can be said for the congressional level... The same can be said at the gubernatorial level... et al, ad nauseum.
edit on 2-8-2011 by Laokin because: (no reason given)



posted on Aug, 2 2011 @ 09:30 AM
link   
So Obama wins, he gets to hold the collapse off for a period of time long enough to get him through the next election. Interesting. just wait people when it all crashes around you, supply chains disappear, money will become scarce. Doing nothing about the rate of debt increase now is only making things way way worse.

Do you not see how serious this all is? US don't have the money, it just a matter of time. people need to revolt change actually do something about it.... It's unreal. The Mainstream media BS is actually quite humourous. Not one word that the US debt in 10 years will be 24-26 trillion.

by then I think the collapse will have occurred. Because by the looks of it no one cares.

They all know it, the country is doomed fiscally. And anyone that says what I am saying gets ridiculed or laughed at.

I hope someone real puts Obama and his faceless supporters on their backside, exposes all the fraud and secret BS that is currently going on.

This is really sad that it makes me this angry to see over 300,000,000 people get screwed into a bleak future only for a few people to get rich.

someone needs a kick in the backside




top topics



 
5
<<   2 >>

log in

join