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March 11th, 2010 - 14:29
you guys do, it’s called inflation
the less the US dollar is worht, the more insignificant the debt
side effect: you guys will have ALOT more recessions, maybe even a permanent one
March 11th, 2010 - 14:43
“A whole new clock will go up next year”, fuckers.
March 11th, 2010 - 14:43
I would like to say to the first answerer that the 80s did suck. O'l boy Ronnie had us in much the same condition, remember Reagannomics? After that Daddy Bush added to it with his "Read my Lips" lies. It took Clinton 8 years to dig us out. We were doing fine until George W. Got the job. Good lord we thought Daddy was bad but Daddy only served one term. Now Obama will dig us out. Take note of this. Republicans and their trickle down theories always get us into a financial mess and Democrats dig us out. All one needs to do to prove this is look at history. Money will always flow up. If the trickle down theory was the actual way economies worked then the rich would not have to do anything because they would already have all the money. The fact is they run businesses to get your and my money. Therefore the cycle of money is from bottom to top……….
March 12th, 2010 - 03:47
Isn’t it time for a National Revenue Clock. We need to have daily running tally of how much money is taken in by the government(taxes, licenses, fees, oil tax revenues, interests, the list is too long.). But it is high time for a National Revenue Clock. While we are at it. We also need State Revenue Clocks and City Revenue Clocks.
March 12th, 2010 - 04:23
why do you sound so happy about that?!
im not happy about that
March 12th, 2010 - 07:45
but do all of you realize that money is just paper*the US uses cotton* with ink printed on it?
the only power it holds is its symbolism,theres no more gold backing it up,the only thing that makes it important is trade treaties and capitalism,if we took all the infrastructure out,then money would be nothing but cotton and ink.
March 12th, 2010 - 18:46
Oh no! We have to stop this! What can I do?
March 13th, 2010 - 06:16
I wish we a some type of invention or something that we could sell to reduce this massive debt..
March 13th, 2010 - 09:55
Holy fuck, we have to pay this much for this shit.
March 13th, 2010 - 15:20
I don’t mind. The USA is the reason this shit happened in the first place. A new order in this world is needed. The corruption of the USA needs to come to and end.
March 13th, 2010 - 20:39
The Federal governments debt affects all Americans because it must use resources that could be used on programs, tax relief or national defense to pay interest on our national debt. The government spent $173 billion in 2009 on interest owed on our national debt, and will spend an estimated $400 billion on interest over the next three years
March 13th, 2010 - 23:57
There used to be a time when our politicians would logically work out the problems of this country, that day is over, it really shows in the national debt. Both sides are so afraid to make any serious changes like, true reforms to entitlement programs or the growth of government employees, I can see things only getting worse. I think that the Demorats and Republirats main thrust is: First; to stay in power, Second; to establish their ideology no matter how toxic it is for the country. Ciao
March 14th, 2010 - 01:54
Debt : Output is within normal bounds.
The US has significant tax elasticicty compared to other first world countries.
Personally, I think the current goverment sector spending has greater benefits compared to the costs of having the private sector retreat in a perpetually reinforcing deflation cycle.
March 14th, 2010 - 10:47
The government does not create any product that would provide it with “revenue” so they would have to create a daily “tax” clock. Join The Free Enterprise Nation in fighting against this exact type of wasteful government spending.
March 14th, 2010 - 19:16
holy fucken shit 1989 we had 3 trillon, 21 years later were at 13 omfg, we should of elected mcain, becaues at least he had the right idea.
stop speding and start saveing becaues soon the world market wount back up the dollar anymore and the real value will show.and you no what it is.
your dollar is worth 0.00 zero dollar and zero cents.thank god for free market gold and silver.
March 14th, 2010 - 22:42
Instead if putting a new clock up they should figure out a way that we don’t need a new one. maybe try and manage the money better. this debt is a disgrace to our people. I hope the countries that borrow us our money stop doing it, they probably wont get their money anyway. If they have to put a new clock up that should be the last straw.