National Debt reaches $8,000,000,000,000 (8 trillion dollars)
 

Thats $27,000 for every man, woman and child in the USA.

Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
 

So you owe me $27k. After your Rosa Park comments I feel pleasure in that fact.

Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
 

[ QUOTE ]
So you owe me $27k. After your Rosa Park comments I feel pleasure in that fact.

[/ QUOTE ]

I think we owe most of it to the Japanese and the Chinese.

Did you find a better source of biographical information on Parks? I gave you the short, accurate biography, hope it answered your question.

Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
 

[ QUOTE ]
So you owe me $27k. After your Rosa Park comments I feel pleasure in that fact.

[/ QUOTE ]

This statement makes no sense, unless Mr. Madsen is the owner of a lot of Treasury securities.

Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
 

[ QUOTE ]
[ QUOTE ]
So you owe me $27k. After your Rosa Park comments I feel pleasure in that fact.

[/ QUOTE ]

This statement makes no sense, unless Mr. Madsen is the owner of a lot of Treasury securities.

[/ QUOTE ]

Silly post by me, but based on his logic, my personal share of the norwegian state fortune exceeds $27k. However, I checked the facts for fun and most of the money is lent to other countries so my share of the US treasury is only appx. $10k, but I have 4 brothers, so if I include them he owns it to my family [img]/images/graemlins/tongue.gif[/img].

Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
 

Best of luck trying to collect.

Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
 

You seriously think the US government will not manage to pay?

Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
 

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You seriously think the US government will not manage to pay?

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Hey, that's what we do best! Pay and pay and pay and pay and pay and pay.......

Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
 

Yes, I asked because I got curious. What are the future projections for debt in terms of % of GDP? Such projections are of course very insecure, but is there any consensus regarding this?

Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
 

Are debt should/probably will keep growing as the economy grows. As our economy grows we will import more, and since exports and exogenous they wont rise as quickly and having a huge trade deficit will be normal now which will create a debt . I really hope we can find a way to somehow balance a budget, but actually paying off the debt in the future, there is probably slim to none chance.