Originally posted by DraxusGo to Wikipedia, of course:
What is the US national debt? To whom do they owe? Why do they have to pay it back? What would happen if they decided to not pay back the money?
It seems such an impossible amount. I am having a really hard time finding any solid information that I can understand about what really is this "debt."
http://en.wikipedia.org/wiki/National_debt
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Originally posted by Palynkacheck the pie chart and you'll see
How much of that is debt for Social Security and pension funds?
http://www.brillig.com/debt_clock/faq.html
The funny thing to notice is that if you scroll down to the Bar Graph you'll see the exponential growth of the Debt since the 80's when the Republicans are in power and the slowing down of the debt when the Democrats are in power.....yet amazingly people believe the myth that the Republicans are the ones that are good with the money...ha, what a joke.
Originally posted by DraxusThere was an excellent post a long while ago where the link was to some guys thesis which briefly states that the US uses its national debt as a means of embedding the rest of the world into its trade orbit and is part and parcel of its grand strategy to rule the world after an Imperial model, which first and foremost involves the collection of taxes from all those who make up her realm.
What is the US national debt? To whom do they owe? Why do they have to pay it back? What would happen if they decided to not pay back the money?
It seems such an impossible amount. I am having a really hard time finding any solid information that I can understand about what really is this "debt."
By disbanding the gold standard and instead adopting oil traded in US dollars as its MO the US by tying exchange rates to its deregulated currency exacts a tribute in that it will end up paying less for what she has borrowed because of inflation and other fiscal measures that end up devaluing its fiat currency.
Originally posted by kmax87http://www.energybulletin.net/12125.html
There was an excellent post a long while ago where the link was to some guys thesis which briefly states that the US uses its national debt as a means of embedding the rest of the world into its trade orbit and is part and parcel of its grand strategy to rule the world after an Imperial model, which first and foremost involves the collection of taxes from all ...[text shortened]... borrowed because of inflation and other fiscal measures that end up devaluing its fiat currency.
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Originally posted by kmax87That was my post. The article is written by Dr. Petrov.
There was an excellent post a long while ago where the link was to some guys thesis which briefly states that the US uses its national debt as a means of embedding the rest of the world into its trade orbit and is part and parcel of its grand strategy to rule the world after an Imperial model, which first and foremost involves the collection of taxes from all ...[text shortened]... borrowed because of inflation and other fiscal measures that end up devaluing its fiat currency.
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Originally posted by DraxusIt is frustrating to me. I wish the US will pay it all back. I got credit cards to pay off and I want to buy a new car.
What is the US national debt? To whom do they owe? Why do they have to pay it back? What would happen if they decided to not pay back the money?
It seems such an impossible amount. I am having a really hard time finding any solid information that I can understand about what really is this "debt."
Originally posted by lauseyAs soon as the democrats get back in power I bet we will start doing so. During Clinton's time we had a budget surplus. We'd probably still have one now if not for the war in Iraq.
It is frustrating to me. I wish the US will pay it all back. I got credit cards to pay off and I want to buy a new car.
Originally posted by slimjimYou are obviously unfamiliar with the spending practices of your current president, as well as
Yeah hang onto your wallet when the Dems take over.
that of his father and his immediate predecessor. A cursory review of the economic policies of
the past 30 years of presidency (of which 12 were Democrat and 18 were Republican) clearly
demonstrates that the idea that federal Republicans are the 'fiscally responsible' party is a thing
of the past. The government has never been bigger than it is right now, all thanks to
GWB.
Nemesio