U.S. national debt hits US$9 trillion for the first time (and more news on the economy)

ProSense

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Wed Nov-07-07 07:14 PM
Original message

U.S. national debt hits US$9 trillion for the first time (and more news on the economy)

U.S. national debt hits US$9 trillion for the first time

Canadian dollar passes US$1.10

Stocks plunge with dollar; Dow drops 360

Oil prices' climb toward $100 slowed

Triple whammy: Heating oil, gasoline, diesel all top $3

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nadinbrzezinski

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Wed Nov-07-07 07:15 PM
Response to Original message

1. But, but it is all peechy keen

:sarcasm:

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indepat

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Wed Nov-07-07 07:20 PM
Response to Reply #1

2. Yeah, 'puke fiscal, tax and environmental policies are perhaps as devastating on the nations'

economy, wealth, health and jobs' market as are the sophisticated weaponry used on others aboard. Ain't it wonnerful, all this destruction?

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calimary

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Thu Nov-08-07 03:21 AM
Response to Reply #1

14. But yes! Haven't we heard all about it lately, how the deficit has gone

way down - fueled mostly by all those wonderful magic tax cuts?

:eyes: :banghead:

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MichiganVote

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Wed Nov-07-07 07:20 PM
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3. Fine, take it all assholes b/c when its gone you can move to some other country,

rape their treasury and leave us the fuck alone.

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LakeSamish706

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Wed Nov-07-07 07:28 PM
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4. I actually thought that we had surpassed 9 trillion... But just googled and...

found out we were just above 9 trillion... Guess that really is bad enough considering it was somewhere around 5.6 trillion when Clinton left office.

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brazos121200

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Wed Nov-07-07 07:33 PM
Response to Original message

5. This massive debt will NEVER be paid off. The best we

can hope for is that someday a future President will somehow devise a scheme to pay off a small percentage of the debt. More likely, after a future financial crisis, the debt will just be laid aside. Future generations will not want to sacrifice to pay off a debt left by their ancestors. This debt represents 8 trillion dollars run up by various Repub administrations and their fiscal folly, starting with Reagan in 1981, when the debt was less than 1 trillion dollars.

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Locrian

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Wed Nov-07-07 07:46 PM
Response to Reply #5

6. money IS debt

The whole economy is one giant pyramid scheme. We CANNOT end it w/o monetary reform. As it is - the ONLY outcome is for the rich few to own everything (meaning the rest become their slaves).

www.moneyasdebt.net

http://www.brasschecktv.com/page/135.html

http://video.google.com/videoplay?docid=-9050474362583451279

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madrchsod

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Wed Nov-07-07 07:49 PM
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7. pie chart-who owns our debt

http://www.optimist123.com/optimist/2007/08/an-800-billion-.html
The Skeptical Optimist: An $800 billion freebie, hidden in the national debt

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Lorien

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Wed Nov-07-07 07:57 PM
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8. "It took the country from George Washington until Ronald Reagan to reach

the first $1 trillion in debt." (from the first article). And I'll bet that at least half of that first Trillion was racked up under Reagan! Now where's that article stating that Bush jr. is the biggest spender in US presidential history?

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Hissyspit

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Thu Nov-08-07 03:19 AM
Response to Reply #8

13. More foreign-owned debt has been amassed under shrub than under all previous

administrations combined, if I'm not mistaken. (Not sure if that's real dollars or adjusted for inflation, etc.)

Most Americans don't know that. It's all just a big scam with these people.

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ProSense

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Wed Nov-07-07 11:17 PM
Response to Original message

9. Kick! n/t

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CorpGovActivist

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Wed Nov-07-07 11:38 PM
Response to Original message

10. Look on the Bright Side...

... the $9 trillion debt is denominated in dollars. I'm just waiting for the White House spin machine to say they've cut the national debt by a third (and counting).

; )

- Dave

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Quantess

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Thu Nov-08-07 01:24 AM
Response to Original message

11. Debt? Who cares! The economy is great!

:sarcasm:

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Initech

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Thu Nov-08-07 01:45 AM
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12. We're spiraling toward another great depression.

And this time, it'll be far worse than what our parents and/or grandparents went through. And our government, in its infinite wisdom, will be like "move along, nothing to see here." :eyes:

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SpiralHawk

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Thu Nov-08-07 06:12 AM
Response to Original message

15. "Smirk, smirk, smirk" - Commander AWOL & Republicon Homelander profiteering cronies

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windoe

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Thu Nov-08-07 11:06 AM
Response to Original message

16. Anybody (honest) keeping TRACK of this (our) $$$?

:rant: (an old rant really) We've been robbed, the coup was a heist for power and money, with practically no oversight that I am aware of. Is anyone tracing where these billions disappear to????? Aaaaaah! Ok, done for now.

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moondust

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Thu Nov-08-07 11:50 AM
Response to Original message

17. It didn't have to happen.

Edited on Thu Nov-08-07 12:27 PM by Xap

The half of the U.S. that consists of utter fools voted to trade in the overall sound, responsible fiscal policies of Clinton/Gore for this shit. Unfortunately everybody ends up paying for their self-absorbed, delusional follies.

:grr: :grr: :grr:

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femrap

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Thu Nov-08-07 12:29 PM
Response to Original message

18. We are so burnt toast.

I ponder the need for a gun...I can't believe it has come to this.

We need some kind of Divine Intervention....just one pretzel could do it.

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magellan

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Thu Nov-08-07 12:46 PM
Response to Original message

19. But Bush**'s man Bernanke was just on the tube

...telling a committee that all is well in Amerika: inflation is in check and he hasn't seen massive consumer debt, gas prices and the dollar decline affecting the broader domestic market yet.

If only we could ALL make a living being paid to lie through our teeth.

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