The US is choked with debts, almost 8 Trillion!!!
 

Just heard on the news last night that the US is almost 8 trillion in debt :eek: the interest payment is a BIG 322 billion a year. By the way those were last year's fugures. This year, as we all know, the numbers are much bigger :mad: What happens when the foreign governments stop loaning us money buy not buying our treasury bills? Even if they continue to buy the treasury bills, what do you think the impacts are to our economy with these HUGE debts and interest payments?

Ask the folks that voted for him.

http://www.publicdebt.treas.gov/opd/opdint.htm

http://www.publicdebt.treas.gov/opd/opdpdodt.htm

Note that these payments are based on the very low interest rates that we are enjoying these days. As rates increase these expected payments will get even larger.

Government is in the business of the transfer of wealth, this is but one example.

You know Bosnia was not exactly free........................and the Dems never complained about those costs......

This is what happens when fear and BS issues like gay marriage and Swift Boat *******s take over an election. These topics were simply not discussed. We are moving into an era that is going to start putting pressure on interest rates, and as they rise so will our debt burden. We will eventually get to the point where we become the drug-addict brother-in-law of the world, the guy who uses his credit card to make his car payments. Look how close we are - just do the math. Our interest due is 322 billion. Our deficit is 500 billion. These issues should have been paramount in our last election, but instead it was driven by the Corporate Media Machine into distracting stupid fluff and trumped up terror fear. We are borrowing huge sums of money to give the rich in this country a huge tax cut that they do not deserve. Tax cuts should come as a reward for running government efficiently. Instead, first we engage in robbing our children to make the rich richer, and now second we are amazed that it may be getting so bad that these chickens are coming home to roost on us. We are playing with world wide economic collapse. If we do not either cut spending or raise taxes, the world is going to cancel our credit cards and the Saudis are going to repo the car.

What happens? Bad things man, bad things.

What will happen is the US Stock market is going to tank like no one has ever seen it.

You've got it! But this can't be disscussed because the answers are not palateable. It's illegal to yell fire in a crowded room. They're always sure they can hold it togeather for four more years. When you owe the bank enough they'll take you out to lunch.

Hate facts.......huh......swift boat guys were just pointing out Kerry was not the JFKennedy he was pretending to be.....................

Luckily most of the population saw through the smoke screen the DNC was putting up.....

They are not transfering wealth, they are creating debt and then transfering the cash raised thru debt to those who already have all the money. It is a distortion of our ecomomic system caused by failed fiscal policies. All these tax cuts were supposed to stimulate economic growth, resulting in more money for the treasury under their theories, and this has simply not happened. They have razzled-dazzled everyone with GDP numbers and other economic shadow boxing, while all of us are blind to one fact - the US Stock Market has not risen jack$hit the entire time this administration has been in office. The Stock Market measures the actual increase in wealth in this country - it reflects the rising value of our business assets, and that is what really drives tax collections, creates new wealth, increases personal incomes and most importantly creates jobs. Hasn't anyone noticed that the stagnant stock market has gone hand in hand with a net loss of jobs? Or the deficit? We talked about absolutely none of this in the last election. We have elections over Clinton's dick or Kerry's wife. We have become a stupid country. The last real election this country had was in 1992 when Perot forced us to talk about these things. Now we get endless days of Swift Boat stupidity and Cheney telling us we will be nuked if anyone votes for Kerry, or heaven forbid gays will start getting married. The people are no longer making the decisions in this country because they are not even talking about what needs to be decided.

Hate facts.......huh...... National Guard Records were just pointing out Bush was not the draft dodger he was pretending not to be.....................

Too bad most of the population didn't see through the smoke screen the RNC was putting up.....

Maybe not. Consider this – SSI is toast, so we encourage private SS. Huge demand – unending – until the $$ has little value. It’s the only way out – let the party begin. Duke&Duke here – please note the market has broken out to the upside as the $$ has accelerated it’s decline.
You may also be right – best to not try to figure it out and just follow along, without being committed to any one vehicle. I’m buying water companies.

Bailing a sinking ship with a thimble- We already don't pay up on foreign debts. Hell, we don't pay our UN dues either.

But, Israel is still the #1 foreign aid recipient... From 1949-1997, the U.S. has given Israel a total of $83.205 billion. The interest costs borne by U.S. tax payers on behalf of Israel are $49.937 billion, thus making the total amount of aid given to Israel from 1947-1997 $133.132 billion. This may mean that U.S. government has given more federal aid to the average Israeli citizen in a given year than it has given to the average American citizen. Oh yeah, and these are 1997s numbers- they've likely doubled by now.

The US "budget" is such a sham. Only a balanced budget law/amendment can save us now... or an actual fiscal conservative in office. Clinton seems to have done a pretty good job at that part of his job.

oh but wait, it's all 'cause we're still paying for Bosnia. right.

The economic hammer will fall when other countries come to the opinion that holding onto dollars is too risky an investment for the near term and either stop loaning us trade dollars or start dumping their dollar holdings. If our creditors believe that we're mismanaging our economy, it could make their money managers plenty nervous.

swift boat guys . . . will they ever get over the fact that their own country misled them and the American people about the Vietnam war and wasted many of their generation? Let's hope we don't have another generation in their shoes ever again.

Oh Right, the VC and NVA really weren't communists tryinig to impose their will upon the south after all...........................

They were actually peacefull Swiss who were misunderstood.