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#1
10-25-2005, 05:41 AM
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National Debt reaches $8,000,000,000,000 (8 trillion dollars)
Thats $27,000 for every man, woman and child in the USA.
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#2
10-25-2005, 06:26 AM
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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.
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#3
10-25-2005, 06:32 AM
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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.
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#4
10-25-2005, 12:05 PM
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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.
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#5
10-25-2005, 12:24 PM
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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].
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#7
10-25-2005, 01:24 PM
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Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
You seriously think the US government will not manage to pay?
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#8
10-25-2005, 01:33 PM
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Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
[ QUOTE ]
You seriously think the US government will not manage to pay? [/ QUOTE ] Hey, that's what we do best! Pay and pay and pay and pay and pay and pay.......
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#9
10-25-2005, 01:36 PM
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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?
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#10
10-25-2005, 02:06 PM
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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.
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