Democrats and Neocons, do nothing but increase the debt. Nobody will reduce government one bit to reduce cost. Instead, they BS about "generating more revenue" which only means 2 things - more money taken from the people, and larger, more powerful government.
I know obama in germany, and mccains wifes pills mean alot to you, but exactly what does the $10 trillion dollar debt mean to you?
Copyright © 2024 EBIN.TIPS - All rights reserved.
Answers & Comments
Verified answer
Ten trillion dollars just means a whole lot of money! Our great grandchildren will have to pay it off, and if they don't, their great grandchildren will be given that responsibility, and so on and so forth....
It's been a problem for awhile. We still haven't paid our debt for World War I!
You've got the right mindset, but your 10 trillion dollar mark is wrong. You see, 10 trillion is the official number, and anyone who has looked close enough realizes that they left out unfunded liabilities. Most unfunded liabilities come in the form of Social Security, Medicare, and the New Perscription Drug Plan. Yes it makes us feel warm and fuzzy to give healthcare to the poor but the fact is that even if we completely robbed the rich of every last red cent they owned, we still would barely put a dent in it, because the actual number is 99.2 Trillion dollars.
But wait! that's not including the recent bailouts of mortgage giants Freddie Mac and Fannie Mae. That pushes the number to well over 100 trillion dollars.
100 Trillion dollars. That means that your average family of four owes 1.3 million dollars to someone.
The Iraq war is a drop in the bucket compared to our greater problems because sooner or later the chickens will come home to roost and we will all be stuck with lint in our pockets.
100 trillion dollars is 10 times our GDP. It would take decades to pay it off, if congress actually cared about it. Unfortunately, both parties are spend-crazy and seem to have no qualms about bankrupting our children. Would YOU sleep at night if you owed someone 10 times your annual salary? I know I wouldn't.
It means that the international community has way too much power. The way that our country is currently headed, we will never pay off this debt. While they are not doing so now, I could see the U.N. somehow trying to either force us to repay it, or tell us that we should adopt certain policies to absolve it.
As to all of you idiots who think that Bush caused all of this, look a lot farther back. Most of this was originally caused by WWII. We have had a ton of debt since then.
Several good points were already pointed out! Revolution is a good one, but revolt against who? Ourselves? America needs to tell the rest of the world to deal with their own problems. We can produce our own food, we can produce every other product we need. Even drugs!!!! We can't stop the problem, so why let some degenerate lowlifes take our money out of the country and keep pretending it isn't happening? If we closed our borders, used our own oil supplies, regulated and taxed our own drugs, and then tariffed the **** out of every imported good from another country, what would the rest of the world do? Screw NATO and all the rest! If the world gets pissed, so what? We have the weapons! Instead of selling them or giving them to protect one piece of crap country from another, let's protect ourselves. We don't live in a desert. We don't have 4 billion people crammed into Texas. Why do we-----Americans----have to pay for other countries? What is it that we need that we can't provide for ourselves? I will look for any question or opinion that contradicts the fact that America has the ability and resources to sustain itself. But welfare programs got to go!!!! Pull your own weight!!!!
It's means a Revolution is due.
Clinton "coming close" to balancing the budget is not reducing the deficit! We were trillions in debt when Bush took over! How's it his fault exactly?
nicely mmmmmmm spending greater money we've not got could scare every person, yet i think of the brainwashed drones think of it incredibly is helping our us of a unlike while Bush threw billions down the lavatory helping war. They see it as holding money right here no longer dropping it in different international places.. maximum knowledgeable human beings comprehend that residing previous one's ability on no account has a reliable consequence, yet regrettably no longer every person is knowledgeable. they suspect each little thing they hear and see.. they do no longer check out the previous to work out a development.. Our government is employing scare techniques to make human beings think of spending this money will help us.. it incredibly is basically coming up a pretend experience of protection. This money would be long gone and then what. Tax will boost for each individual. no longer basically the so observed as wealthy human beings.. This us of a is being flushed down the lavatory and individuals refuse to comprehend that every person has to start being in charge for themselves. not greater based on the government for something. not greater so observed as unfastened handouts.. it incredibly is basically going to furnish them greater administration over this us of a.. And just to show i'm a registered democrat with my eyes open to the actuality. no longer the created certainty provided by employing each and all the crooks in place of work.. it incredibly is time for the folk to step up ant take the administration decrease back from those crooks.. they do no longer care approximately every physique yet themselves.. and that's the actuality....
It means that a lot of people are taking one figure and pretending that is the only economic factor in our nation's well-being.
When you combine the number of debts owed to us, we come out far ahead.
Why is it that only one side of the equation is considered when people what to bash the USA?
We should be more concerned about other countries who need debt forgiveness.
We have a good infrastructure in place and the economy will recovery.
Yes we'll have higher taxes, but that's a given, no matter who gets elected. Don't let that fool you. I repeat taxes are going to get higher.
So I guess I'll deal.
It means that Bush has no concept of reality. I don't know where he lives, but I live in the real world. This means that this country is ripe to be taken over by the countries that we owe all that money to. Everyone should be scared! This man is a sociopath. He has absolutely no feelings except for himself. Hasn't anyone noticed these past several years that he is laughing at us for being such sheep. So pat yourselves on the back all you baaaaaers, you have exactly what you voted for.
Let's not forget about the 853 billion Obama's going to send to Africa.
10,853,000,000,000.00