Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
Member Login

Arrow Left Previous Page
Page / 2
Posted: 3/6/2015 2:29:16 PM EDT
We just went over $18 trillion in National Debt, our current GDP is around $16.7 trillion:

http://www.aol.com/article/2015/03/06/lew-tells-congress-of-emergency-measures-to-avoid-debt-limit/21150540/?icid=maing-grid7%7Cmain5%7Cdl1%7Csec1_lnk3%26pLid%3D623927


Debt vs GDP for the last few decades:

http://research.stlouisfed.org/fred2/series/GFDEGDQ188S

Short of a total economic reset we are never going to recover.
Link Posted: 3/6/2015 2:30:36 PM EDT
[Last Edit: 3/6/2015 2:31:00 PM EDT by Partisan]
Well, it looks like zero has fundamentally transformed America. Where is his 'mission accomplished' banner?
Link Posted: 3/6/2015 2:32:09 PM EDT
Forward!!!!1!



Link Posted: 3/6/2015 2:33:08 PM EDT
What is new..... The America we loves is on her deathbed.
Link Posted: 3/6/2015 2:33:39 PM EDT
We hit over 100% during 1945, didn't we?
Link Posted: 3/6/2015 2:34:23 PM EDT


Oh wait...
Link Posted: 3/6/2015 2:36:36 PM EDT
Our First Fabian is fiddling! Cloward/Piven here we come!

That said, I heard that when hyperinflation happens government will feed your family in exchange for housing a Honduran Dreamer baby so we should all be OK.
Link Posted: 3/6/2015 2:36:50 PM EDT
Don't worry about it-the Republicans control the House.

No way they will vote to raise the debt "ceiling" again this year.The party of fiscal responsibility will be kicking some ass any day now........
Link Posted: 3/6/2015 2:39:52 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Partisan:
Well, it looks like zero has fundamentally transformed America. Where is his 'mission accomplished' banner?
View Quote
He'll put it up right after he cancels the election because we can't afford it
Link Posted: 3/6/2015 2:43:01 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Partisan:
Well, it looks like zero has fundamentally transformed America. Where is his 'mission accomplished' banner?
View Quote


If only we could go back to those heady, pre-obama days when the government was fiscally responsible.
Link Posted: 3/6/2015 2:43:28 PM EDT
[Last Edit: 3/6/2015 2:43:50 PM EDT by jon7400]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By carguym14:
Don't worry about it-the Republicans control the House.

No way they will vote to raise the debt "ceiling" again this year.The party of fiscal responsibility will be kicking some ass any day now........
View Quote


Shit man, you broke my sarcasm meter!

Link Posted: 3/6/2015 2:45:48 PM EDT
Deficits don't matter!
Link Posted: 3/6/2015 2:47:12 PM EDT
[Last Edit: 3/6/2015 2:47:38 PM EDT by 1srelluc]
We are too big to fail.

Maybe Germany will float us a loan.
Link Posted: 3/6/2015 2:47:29 PM EDT
Just wait when the interest rates go up.....

We'll become like Greece on a huge scale.
Link Posted: 3/6/2015 2:47:42 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By carguym14:
Don't worry about it-the Republicans control the House.

No way they will vote to raise the debt "ceiling" again this year.The party of fiscal responsibility will be kicking some ass any day now........
View Quote









Link Posted: 3/6/2015 2:48:02 PM EDT
[Last Edit: 3/6/2015 2:49:09 PM EDT by TheCanuck]
Been that way for a while.

Link Posted: 3/6/2015 2:48:18 PM EDT
Bro, don't worry bro, as long as you have a highspeed technical job you'll be ok, bro.
Link Posted: 3/6/2015 2:54:37 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By EdgecrusherXES:
What is new..... The America we loves is on her deathbed.
View Quote


The entire world is in for a major reset one of these days. I just hope we live through it.
Link Posted: 3/6/2015 2:54:43 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By FeebMaster:


If only we could go back to those heady, pre-obama days when the government was fiscally responsible.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By FeebMaster:
Originally Posted By Partisan:
Well, it looks like zero has fundamentally transformed America. Where is his 'mission accomplished' banner?


If only we could go back to those heady, pre-obama days when the government was fiscally responsible.


The debt, under Obama, has increased more in 6 years than all other presidents combined.
Link Posted: 3/6/2015 2:55:11 PM EDT
FBO
Link Posted: 3/6/2015 2:56:51 PM EDT
Isn't that a major predictor for when civilizations fall?
Link Posted: 3/6/2015 2:57:44 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By FlashHole:


The entire world is in for a major reset one of these days. I just hope we live through it.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By FlashHole:
Originally Posted By EdgecrusherXES:
What is new..... The America we loves is on her deathbed.


The entire world is in for a major reset one of these days. I just hope we live through it.

There won't be any reset. Certain countries will, however, experience a lower standard of living, as has happened in Greece.
Link Posted: 3/6/2015 2:58:44 PM EDT
[Last Edit: 3/6/2015 2:58:58 PM EDT by gym007]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Kelty:


The debt, under Obama, has increased more in 6 years than all other presidents combined.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Kelty:
Originally Posted By FeebMaster:
Originally Posted By Partisan:
Well, it looks like zero has fundamentally transformed America. Where is his 'mission accomplished' banner?


If only we could go back to those heady, pre-obama days when the government was fiscally responsible.


The debt, under Obama, has increased more in 6 years than all other presidents combined.


Free stuff for your voters and paying your cronies costs money
Link Posted: 3/6/2015 3:04:22 PM EDT
I'm not really sure the debt-to-GDP ratio is as important of a metric as what proportion of our GDP it takes to service that debt. I still think we're way too much in debt, don't get me wrong - I just don't think this is a significant milestone. I think we passed a lot of those a long while back.
Link Posted: 3/6/2015 3:04:53 PM EDT
That a problem?
Link Posted: 3/6/2015 3:05:57 PM EDT
[Last Edit: 3/6/2015 3:06:37 PM EDT by gym007]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By metalsaber:
That a problem?
View Quote


Only under Bush. Under bush, debt was bad. Under Obama, debt is good. I have been assured by some "educated" liberals that is the case

Remember the debt counter that used to run on the news every day?
Link Posted: 3/6/2015 3:08:17 PM EDT
Everyone agrees that the Monopoly Money has value, so it does.
Link Posted: 3/6/2015 3:13:01 PM EDT
But BUT BUT BUT unemployment is at 5.5%


Link Posted: 3/6/2015 3:21:46 PM EDT
Link Posted: 3/6/2015 3:22:35 PM EDT
[Last Edit: 3/6/2015 3:23:07 PM EDT by midcap]
Japan has been there for a while now. Welcome to the party

Link Posted: 3/6/2015 3:23:25 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Liv_C:
Just wait when the interest rates go up.....

We'll become like Greece on a huge scale.
View Quote


Unlike Greece, we actually have a strong economy with vast natural resources...
Link Posted: 3/6/2015 3:24:34 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By swede1986:

There won't be any reset. Certain countries will, however, experience a lower standard of living, as has happened in Greece.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By swede1986:
Originally Posted By FlashHole:
Originally Posted By EdgecrusherXES:
What is new..... The America we loves is on her deathbed.


The entire world is in for a major reset one of these days. I just hope we live through it.

There won't be any reset. Certain countries will, however, experience a lower standard of living, as has happened in Greece.


Eventually there will be. It's inevitable, just based on human history.

Eventually could mean in a thousand years, though.
Link Posted: 3/6/2015 3:27:30 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Snips:


Unlike Greece, we actually have a strong economy with vast natural resources...
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Snips:
Originally Posted By Liv_C:
Just wait when the interest rates go up.....

We'll become like Greece on a huge scale.


Unlike Greece, we actually have a strong economy with vast natural resources...


And unless Mexico get;s out of hand we normally don't have to rebuild things that get bombed during wars.
Link Posted: 3/6/2015 3:27:36 PM EDT
Link Posted: 3/6/2015 3:32:24 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By RocketmanOU:
I'm not really sure the debt-to-GDP ratio is as important of a metric as what proportion of our GDP it takes to service that debt. I still think we're way too much in debt, don't get me wrong - I just don't think this is a significant milestone. I think we passed a lot of those a long while back.
View Quote



In the very near future we will be spending more on interest payments than in defense.

https://www.cbo.gov/publication/45684

We spent $520 billion on defense in 2014, we spent around $230 billion on interest payments.
Link Posted: 3/6/2015 3:37:32 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By FeebMaster:


If only we could go back to those heady, pre-obama days when the government was fiscally responsible.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By FeebMaster:
Originally Posted By Partisan:
Well, it looks like zero has fundamentally transformed America. Where is his 'mission accomplished' banner?


If only we could go back to those heady, pre-obama days when the government was fiscally responsible.


Each administration outdoes the previous in expanding the gov and increasing spending.

I honestly don't think Romney would have been much different,just the players bitching vs defending would be swapped.

Like Senator Obama bitching about raising the debt "ceiling" under Bush,then the republicans bitching about raising it under Obama.

A real nail biter as to the outcome.................
Link Posted: 3/6/2015 3:38:09 PM EDT
LET IT RIDE BABY! FULL SPEED AHEAD!
Link Posted: 3/6/2015 3:45:30 PM EDT
part of me wonders when the right time will be to take my 401k and cash it out. Retirement isn't much good if the currency goes hyper inflation ala Germany or Zimbabwe.
Link Posted: 3/6/2015 3:49:49 PM EDT
Don't say $18T or $18 trillion. Write it out with zeros when you write about the debt.

$18,000,000,000,000.
Link Posted: 3/6/2015 3:53:11 PM EDT
Originally Posted By poorman:
We just went over $18 trillion in National Debt, our current GDP is around $16.7 trillion:

http://www.aol.com/article/2015/03/06/lew-tells-congress-of-emergency-measures-to-avoid-debt-limit/21150540/?icid=maing-grid7%7Cmain5%7Cdl1%7Csec1_lnk3%26pLid%3D623927


Debt vs GDP for the last few decades:

http://research.stlouisfed.org/fred2/series/GFDEGDQ188S

Short of a total economic reset we are never going to recover.
View Quote


Greece......simply refuse to pay....what is anybody going to do?
Link Posted: 3/6/2015 3:53:23 PM EDT
There are always 401Ks ripe for the taking if the gov needs money.
Link Posted: 3/6/2015 4:09:01 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By the-fly:
part of me wonders when the right time will be to take my 401k and cash it out. Retirement isn't much good if the currency goes hyper inflation ala Germany or Zimbabwe.
View Quote

The administration likes your idea, they get tons of money when people cash out early.

Posted Via AR15.Com Mobile
Link Posted: 3/6/2015 4:28:03 PM EDT


There's room to trim everywhere.
Link Posted: 3/6/2015 4:34:46 PM EDT
It doesn't really matter it seems. We have always been in debt up to our eyeballs. Never going to change.

Besides, if we decide not to pay, it's not like they can repo anything.
Link Posted: 3/6/2015 4:37:35 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By the-fly:
part of me wonders when the right time will be to take my 401k and cash it out. Retirement isn't much good if the currency goes hyper inflation ala Germany or Zimbabwe.
View Quote


Have you thought about getting a technical skill? I hear you'll flourish





We'll probably look a lot like the UK in a few years.
Link Posted: 3/6/2015 5:03:24 PM EDT
TL;DR is going to have consequences.

Link Posted: 3/6/2015 7:34:38 PM EDT
Discussion ForumsJump to Quoted PostQuote History
View Quote




LOL,"You don't understand how politics work"


No ones gonna trim anything.
Link Posted: 3/6/2015 7:45:18 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By swede1986:

There won't be any reset. Certain countries will, however, experience a lower standard of living, as has happened in Greece.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By swede1986:
Originally Posted By FlashHole:
Originally Posted By EdgecrusherXES:
What is new..... The America we loves is on her deathbed.


The entire world is in for a major reset one of these days. I just hope we live through it.

There won't be any reset. Certain countries will, however, experience a lower standard of living, as has happened in Greece.

Holy shit I agree with Sven.
Link Posted: 3/6/2015 8:27:00 PM EDT
Merica wins again.
Link Posted: 3/9/2015 4:32:12 PM EDT
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By carguym14:




LOL,"You don't understand how politics work"


No ones gonna trim anything.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By carguym14:




LOL,"You don't understand how politics work"


No ones gonna trim anything.


Well of course not, but I can still point out the obvious.
Link Posted: 3/9/2015 5:03:59 PM EDT
[Last Edit: 3/9/2015 5:05:06 PM EDT by Smash47]
I hope they double spending next year to 36 trillion and triple it the year after.

I'm tired on being one of the few left that gives a shit.

With the new GOP congress now rubber stamping spending I give up.

Fuck it, I want them to increase spending, give limos and mansions to welfare moms and illegals and give for full college tuition to everyone in China.

I just read on Drudge that 6.5 million people have active social security numbers over the age of 112 years old. I'm sure they are all voting with those dead peoples ID's too.

The quicker we let them spend themselves into a collapse the better. I hope it comes soon and is a very hard crash.
Arrow Left Previous Page
Page / 2
Top Top