$17.2 Trillion and not a peep ? - PeachParts Mercedes-Benz Forum

greazzer · #1 11-21-2013, 02:27 PM

It looks like our National debt is going to hit $17.2 Trillion real, real soon and not a peep from the media. Is the current BO-Care disaster nothing but a distraction? It has certainly diverted many eyes from the debt problem.

Is a $17+ Trillion public debt sustainable ? It is projected to be in the ballpark of $23 Trillion by the time our BO leaves office. He more than doubled the public debt in a short 8 years if that should come true. Is that sustainable ? Can the next guy or gal blame our BO for the public debt issue?

I know our BO said it's unpatriotic to create a large public debt and that was targeted at others. Is our BO unpatriotic? He should live by his own words should he not? Better, another campaign promise was made about debts and deficits and that sounds like another broken promise.

SwampYankee · #2 11-21-2013, 02:57 PM

It's all good, I've been told.

Besides, it's too large of a number for Joe and Jane Voter to put their heads around. So they don't and it becomes a non-issue for the voting masses and will continue to be until it affects them directly.

Honus · #3 11-21-2013, 02:58 PM

Quote:

Originally Posted by greazzer

It looks like our National debt is going to hit $17.2 Trillion real, real soon and not a peep from the media....

Then how did you find out about it?

greazzer · #4 11-21-2013, 03:03 PM

Quote:

Originally Posted by Honus

Then how did you find out about it?

Well, I can say it was not through any media, e.g., ABC, NBC, CBS, MSNBC, CNN, Fox, et cet. As you know, it can be found on a Google search. However, isn't this information news worthy ?

Why has the media given our BO another pass on such an important topic? OR, is this a non-issue and the public debt is of no real importance?

I am guessing our BO thinks it's no biggie. It was unpatriotic a few years ago. Now, it must be very patriotic. Maybe it's an agenda like BO-Care?

MTI · #5 11-21-2013, 03:03 PM

Quote:

Originally Posted by Honus

Then how did you find out about it?

What's interesting is that he knows the ".2" part of the amount.

Forbes Says Don't Worry, Be Happy

The alarming situation is that U.S. government debt had already almost doubled from $5.7 trillion in 2000 to $10.0 trillion in 2008. And since then it has almost doubled again, reaching $19 trillion in 2013.

If we extend that trend endlessly into the future, which many analysts and critics are, obviously there could be nothing but catastrophe down the road.

But it’s like most doomsday scenarios. They are created by extending past trends in a straight line into the future, without consideration of how conditions change. And there are now dramatic changes taking place related to the government debt.

It is true that the debt is still growing, since the government is still spending more than it’s taking in. However, the annual deficit is shrinking dramatically.

JamesDean · #6 11-21-2013, 03:18 PM

Quote:

Originally Posted by Honus

Then how did you find out about it?

Shhhh.

engatwork · #7 11-21-2013, 03:53 PM

If y'all think it is fun now wait till the US$ is no longer the "worlds" currency.

I pretty much agree with JD except for the last sentence. He can't make me buy anything. Oh wait, I forgot about the health insurance thing.

The first thing I would do if I were BO starting my third term would be to set it up where everyones check (no more of this 401k, mortgage tax deduction and write off foolishness) gets sent to the Fed/IRS to be evenly distributed throughout the land. Think of how many more supporters he will have and what a better job the Fed can do handing it out, opps, I mean stimulating the economy than the average consumer. (I'm talking about ppl that work and get a check now). I'm sure the IRS will do a fair job of evenly distributing it

.

Welcome to BO Utopia

, all aboard

.

JamesDean · #8 11-21-2013, 03:58 PM

Quote:

Originally Posted by engatwork

If y'all think it is fun now wait till the US$ is no longer the "worlds" currency.

I pretty much agree with JD except for the last sentence. He can't make me buy anything. Oh wait, I forgot about the health insurance thing.

The first thing I would do if I were BO starting my third term would be to set it up where everyones check (no more of this 401k, mortgage tax deduction and write off foolishness) gets sent to the Fed/IRS to be evenly distributed throughout the land. Think of how many more supporters he will have and what a better job the Fed can do handing it out, opps, I mean stimulating the economy than the average consumer. (I'm talking about ppl that work and get a check now). I'm sure the IRS will do a fair job of evenly distributing it

.

Welcome to BO Utopia

, all aboard

.

Better yet. Our entire paycheck should just go directly to the government. Then they can return to us whatever they feel is appropriate based on certain "metrics.

Like:
weight
health
spending on american goods
patriotism
amount of information given to NSA
Recent bowel movement analysis results.
Party affiliation.

sloride · #9 11-21-2013, 04:22 PM

Quote:

Originally Posted by engatwork

If y'all think it is fun now wait till the US$ is no longer the "worlds" currency.

I pretty much agree with JD except for the last sentence. He can't make me buy anything. Oh wait, I forgot about the health insurance thing.

The first thing I would do if I were BO starting my third term would be to set it up where everyones check (no more of this 401k, mortgage tax deduction and write off foolishness) gets sent to the Fed/IRS to be evenly distributed throughout the land. Think of how many more supporters he will have and what a better job the Fed can do handing it out, opps, I mean stimulating the economy than the average consumer. (I'm talking about ppl that work and get a check now). I'm sure the IRS will do a fair job of evenly distributing it

.

Welcome to BO Utopia

, all aboard

.

There is no way that he would distribute all of that confiscated money evenly. If he did that evenly, then he would be sending some money to the terrible 1% that we have here. He would not go for that, it would be unfair to the bottom 45% to send some of that back to the rich.

davidmash · #10 11-21-2013, 04:37 PM

Looks like the DoD would be a really good place to start trimming the fat. They seem to be wasting tens of billions if not 100's of billions or more.

From the sounds of this Reuters article the DoD could survive a 25% plus cut and not even break the skin. Their accounting is so FUBAR they do not even have the capability to determine how *****ed up their accounting actually is.

greazzer · #11 11-21-2013, 03:09 PM

My bad ... a paltry .2. I should have said "just" $17 Trillion. And, the annual deficit is shrinking "dramatically" (or is it), and extending the logic of doubling the public debt and doubling it again, I am guessing you're in agreement with our BO that it's OK and no biggie. Hmmm. I am guessing case closed !

JamesDean · #12 11-21-2013, 03:17 PM

Quote:

Originally Posted by greazzer

My bad ... a paltry .2. I should have said "just" $17 Trillion. And, the annual deficit is shrinking "dramatically" (or is it), and extending the logic of doubling the public debt and doubling it again, I am guessing you're in agreement with our BO that it's OK and no biggie. Hmmm. I am guessing case closed !

Only 23? I was hoping for more. I think 30-50 is a nice round sounding number.

I'm going to vote for BO for a third term too. I dont care what you and your CONSTITUTION say about term limits. BO will simply write off an EO and have his third and probably fourth terms.

And in those third and fourth terms he will write more EO's that create more and more welfare.

I predict in his last and final move he will pen an EO that goes something like this:

"If you are a democrat, life is free for you, everything you ever wanted will be bought and paid for by the republicans. Republicans, you must work forever and pay for everything."

Beyond that he will write EO's that will ban all old Mercedes and decree that we only buy new giant SUVs and giant TRUCKS.

sloride · #13 11-21-2013, 04:16 PM

Quote:

Originally Posted by JamesDean

Only 23? I was hoping for more. I think 30-50 is a nice round sounding number.

I'm going to vote for BO for a third term too. I dont care what you and your CONSTITUTION say about term limits. BO will simply write off an EO and have his third and probably fourth terms.

And in those third and fourth terms he will write more EO's that create more and more welfare.

I predict in his last and final move he will pen an EO that goes something like this:

"If you are a democrat, life is free for you, everything you ever wanted will be bought and paid for by the republicans. Republicans, you must work forever and pay for everything."

Beyond that he will write EO's that will ban all old Mercedes and decree that we only buy new giant SUVs and giant TRUCKS.

You are missing one thing in regards to having to work forever to pay to someone else. You will then also be pilfered by the system once you have met your demise, through the inheritance tax. So it goes on for a few years beyond your working life.

MTI · #14 11-21-2013, 03:53 PM

Other significant statistics that should alarm . . .

The number of US kids and teens who die from gunshot wounds in hospital has risen almost 60% in a decade.

One in six Americans live at or below the new standards defining "poverty."

CEO pension plans are now worth an average 239 times more than the retirement plans for the employees they supervise.

JamesDean · #15 11-21-2013, 04:00 PM

Quote:

Originally Posted by MTI

Other significant statistics that should alarm . . .

The number of US kids and teens who die from gunshot wounds in hospital has risen almost 60% in a decade.

One in six Americans live at or below the new standards defining "poverty."

CEO pension plans are now worth an average 239 times more than the retirement plans for the employees they supervise.

CEOs are paid 300x more than the average worker too!

Another significant statistics we should worry about. The frequency of my at-work-bathroom-incursions has dropped dramatically since my diet has changed. Look what our devious government has taken away from me! My right to be paid to poop!