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Originally posted by Condemned0625
14 TRILLION??!! They may as well just give up. They'll never pay it off.
Originally posted by MentorsRiddle
We, as a nation, are going to have to stop consuming, stop the flagrant spending on social programs that don’t work, stop sending out money elsewhere, stop fighting wars that are only going in circles, etc.
How will Americans stop consuming help the debt? So we can give more and more of the money WE have worked for to a government who isn't responsible enough to handle the money they already take from us? Consumption is what runs our economy. The government needs to stop spending,not us. There is enough wasteful spending in our gov't that the debt could be wiped out in a few years. That, and maybe we should start recouping loans we have given other countries, that haven't paid us back yet.
They could pay it off within a large range of time, but they won't. The national debt has never been $0 and it never will be. People will always owe other people something, whether it be money or goods. I'm not willing to give up my "excess" expenses to help this nation. I hate this nation anyways and I'm not buying crappy-looking clothes from a thrift store. Their problems are not my problems.
Originally posted by boondock-saint
Originally posted by Condemned0625
14 TRILLION??!! They may as well just give up. They'll never pay it off.
ur right
they will never pay that off
unless they hand over the keys
of America to the Chinese,
lock, stock and barrel
and they want to raise the debt ceiling ???
are they [snip] nuts ????
First of all, I don't have the money to move to another country. Secondly, I realize what would happen to me if I made that statement in a communist or dictatorship country. Lastly, the main reason for my hatred towards America is religion. The religious statements and assertions get on my nerves. "God bless America!", "Thank god I'm blessed to live here!", "In god we trust!"... At least some citizens of particular countries (like Sweden or Australia) realize the problem with making unsupported assertions that are based on myths from a heavily edited copy of an ancient text. Sure, there may be more atheists and non-religious people in this country now than ever before, but other countries have a lot more of them than this one. In my opinion, a less brainwashed country is a better country. I don't go around saying "America is the best nation in the world! I'm so blessed to live here!" That's one of the most retarded and embarrassing things I could ever say, especially since it's false.
In reality the vast majority of the money is owed to the Federal Reserve. Remember that the Federal Reserve is a private bank the US government goes to loan its own money.
Total debt owed to foreign countries is about 4.5 Trillion.
US Debt Clock
Under trade numbers you will see debt held by foreign countries.
"That would be the first default in history caused purely by insanity," said Goolsbee of plans to block an increase in the Debt Ceiling.
"Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.
"This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.
"Some people who think that the Federal Reserve Banks United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.... Congressman McFadden
Originally posted by Condemned0625
14 TRILLION??!! They may as well just give up. They'll never pay it off.