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How long will it take to pay off the money owed?

Discussion in 'Political Issues' started by dukeblue91, Nov 9, 2012.


  1. Gunhaver

    Gunhaver
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    the wrong hands

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    In my opinion the U.S. doesn't owe anyone anything. We've been pumping billions and billions around the world in aid for a long, long time now not to mention saving the whole damn planet from speaking German twice (not that it isn't a beautiful language).

    When do we start getting that money paid back?
     

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  2. Guss

    Guss
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    Here are two number that provide the answer:
    55,000,000,000,000,000
    17,000,000,000,000
    The first is the net worth of households and non-profits.
    The second is the national debt.
    Obviously it could be paid off very quickly with the right politicians in office.
     

  3. Gunnut 45/454

    Gunnut 45/454
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    Typical Libertard response! So how would you fix it? Oh let me guess tax the rich!:rofl: What I proposed is have EVERY AMERICAN pay it off -its OUR debt! So every American should feel the pain so we never go back through it again. Your Messiah is all for fairness right what could be more fair then EVERYONE PAYING!:supergrin: After the debt is paided off we Admend the COTUS to spell out a new law that can't be broken without major jail time for the POTUS. You will not spend more then 90% of all revenue recieved to the Treasury! If the POTUS does he impeached and jailed. So budgets will be based on the previous years revenue. If the revenue drops below what is needed to run certain programs -they go away or are rebudgeted to come with in the revenue stream. :supergrin:
     
  4. M 7

    M 7
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    How myopic.

    Who cares? You will- when the benefits you are receiving are paid to you in a currency that has more value as toilet paper than as a negotiable instrument.
     
  5. Gunnut 45/454

    Gunnut 45/454
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    Like we didn't know this already! Mouthbreathers really do stand out in a crowd!:faint:
     
  6. podwich

    podwich
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    I find different (much, much lower) numbers for net worth of all the USA, but I take issue with the idea the right politicians could fix the debt based on it. It's not their money to appropriate (and you're also ignoring how liquid such assets are). But, most of all, it's not theirs to appropriate.

    Stop. The. Spending. Now.
     
  7. pugman

    pugman
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    JB, send me your address via PM and I will send you the booby prize....first one out of the gate already has the answer.

    There is no plan or really incentive to pay off the debt; the numbers we are talking about now are so one sided the further we go along the next 30 years the more obvious it will become.

    I've posted this several times since the election but federal revenues need to increase 150-240% to cover current expenditures not considering inflation or the increased costs of borrowing.

    In 2011, federal expenditures just to pay the interest absorbed 10% of federal income.

    I've dumbed this down several times but the federal government is currently a guy making $40K/year with almost $300,000 in credit card bills and a mortgage of $2.4 million dollars. If you were this person and you knew the only way to increase your income was to rob your neighbor what do you think your chances look like?
     
  8. Angry Fist

    Angry Fist
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    *******!!®
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    You sound like my ex. Her ass ain't getting any tighter, either.