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US Government is BORROWING $4.8 BILLION PER DAY!!

 
N3m3s1s

User ID: 4637200
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12/09/2012 09:56 AM

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US Government is BORROWING $4.8 BILLION PER DAY!!
I wanted to do some math! It's really not that difficult and anyone can follow along. If any congressmen, senators, or ever our president haven't done these simple calculations for themselves then...well

In the first two months of fiscal year 2013 (October/November 2012) the US government BORROWED to cover expenditures above budget, $292 BILLION.

THAT'S $4.8 BILLION PER DAY in new borrowing

Source
[link to cnsnews.com]

Now all this BS wrangling and politicizing is about tax increases that are said to raise $800 Billon over 10 years or $80 billion per year.

Source
[link to www.newsday.com]

These tax increases will fund the governments BORROWING habits for less than 17 DAYS PER YEAR at current borrowing rates.

Let this sink in and understand that none of what is being jockeyed about in congress, the senate, and by this pitiful president, really matters.

This entire horse and pony show is a smoke screen.

Last Edited by N3m3s1s on 12/09/2012 10:23 AM
N3m3s1s (OP)

User ID: 4637200
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12/09/2012 10:03 AM

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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
Here's another bit of nonsense

"The Affordable Care Act imposed the 2.3 percent tax on medical devices with the goal of raising nearly $30 billion over the next decade."

Read more: [link to www.foxnews.com]

LOL, how much revenue is that when you consider our current BORROWING rate of $4.8 BILLION per day?

30/4.8=6.25 days of Borrowing

10 Years of raising costs on EVERYONE (not just the rich)=6.25 days of Borrowing
Anonymous Coward
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12/09/2012 10:06 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
THIS IS MADNESS!

THIS IS RETARDAAAAAAAAAA!

I really have nothing else to say on this matter.

The rich need heavier taxes, and welfare needs to stop the gravy train. Military spending needs a full reversal.
N3m3s1s (OP)

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12/09/2012 10:07 AM

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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
Are they running for the cliff because there's no reason to worry about it?
Makes you wonder how politicians can be so willfully fiscally reckless??
N3m3s1s (OP)

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12/09/2012 10:09 AM

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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
THIS IS MADNESS!

THIS IS RETARDAAAAAAAAAA!

I really have nothing else to say on this matter.

The rich need heavier taxes, and welfare needs to stop the gravy train. Military spending needs a full reversal.
 Quoting: Leslie Zevo



If you read the newsweek article above, they actually say that the tax increase will reduce government revenue..

Just quoting

"The math doesn't work! Raising top tax rates will produce about $800 billion of revenue over the next 10 years, compared with a $3.7 trillion revenue loss from all the Bush tax cuts."
N3m3s1s (OP)

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12/09/2012 10:19 AM

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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
Just in case anyone missed the main headline.

US Government is BORROWING $4.8 BILLION PER DAY

This means the US Government is SPENDING above and beyond it's budget $4.8 Billion per day!!


Last Edited by N3m3s1s on 12/09/2012 10:19 AM
Anonymous Coward
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12/09/2012 10:26 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
:OARROGANT:
N3m3s1s (OP)

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12/09/2012 10:26 AM

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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
OARROGANT
 Quoting: LunaticFringe


What The Hell are they spending that much on?
Anonymous Coward
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12/09/2012 10:31 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
:OARROGANT:
 Quoting: LunaticFringe


What The Hell are they spending that much on?
 Quoting: N3m3s1s


Ha, ever see how a general travels? only the finest scotches, best hotel rooms, etc.
N3m3s1s (OP)

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12/09/2012 10:34 AM

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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
OARROGANT
 Quoting: LunaticFringe


What The Hell are they spending that much on?
 Quoting: N3m3s1s


Ha, ever see how a general travels? only the finest scotches, best hotel rooms, etc.
 Quoting: Leslie Zevo


Given that the budget is around $3 Trillion or $8.2 Billion per day, that means the machine is eating $13 BILLION per day.

Now put that in context of the proposed tax hikes.
Anonymous Coward
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12/09/2012 10:41 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
:OARROGANT:
 Quoting: LunaticFringe


What The Hell are they spending that much on?
 Quoting: N3m3s1s

Meh. Ya know. Stuff.
N3m3s1s (OP)

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12/09/2012 10:46 AM

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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
Thanks for the PIN!
Anonymous Coward
User ID: 28870983
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12/09/2012 10:49 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
It's all part of a plan to collapse the dollar and switch us over to a digital currency. And we will lose big in that switch over.....
Anonymous Coward
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12/09/2012 10:50 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
It's all part of a plan to collapse the dollar and switch us over to a digital currency. And we will lose big in that switch over.....
 Quoting: Anonymous Coward 28870983


All part of the recovery

[link to www.dailyjobuts.com]


.
hiding
Anonymous Coward
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12/09/2012 10:51 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
It's all part of a plan to collapse the dollar and switch us over to a digital currency. And we will lose big in that switch over.....
 Quoting: Anonymous Coward 28870983


****Sorry, messed up***

All part of the recovery

[link to www.dailyjobcuts.com]

.
hiding
 Quoting: Anonymous Coward 7768903
Anonymous Coward
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United States
12/09/2012 10:52 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
Will you people please quit putting Obamas picture up because that motherfucker makes me sick just looking at him!!!!!!!!!!!
N3m3s1s (OP)

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12/09/2012 10:53 AM

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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
Will you people please quit putting Obamas picture up because that motherfucker makes me sick just looking at him!!!!!!!!!!!
 Quoting: Anonymous Coward 29412213


ROFLMAO! Well put.
N3m3s1s (OP)

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12/09/2012 10:54 AM

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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
It's all part of a plan to collapse the dollar and switch us over to a digital currency. And we will lose big in that switch over.....
 Quoting: Anonymous Coward 28870983


There's definitely a bigger scheme at work here.
Anonymous Coward
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12/09/2012 10:54 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
Don't worry about it...they have it under control and doesn't effect you...just keep doin your thing
Anonymous Coward
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12/09/2012 10:57 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
Who The Hell is Loaning us the $4.8 a day and WHY??

They have to know they aren't getting it back.

And Who on Earth has that much to loan?
Anonymous Coward
User ID: 17090286
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12/09/2012 11:00 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
Who The Hell is Loaning us the $4.8 a day and WHY??

They have to know they aren't getting it back.

And Who on Earth has that much to loan?
 Quoting: Anonymous Coward 11360402


Rothschild's, and they don't. It's a circlejerk of loans, but only one group is winning out - the bankers.

Here, this explains it:

:probremec:
Anonymous Coward
User ID: 29402189
Portugal
12/09/2012 11:00 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
Who The Hell is Loaning us the $4.8 a day and WHY??

They have to know they aren't getting it back.

And Who on Earth has that much to loan?
 Quoting: Anonymous Coward 11360402


China.

Last year they warned US - pay us or we'll sell your debt to IRAN.

Funny world huh? China is your dad.
Mr. Toppit

User ID: 26466623
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12/09/2012 11:01 AM

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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
Why in the world would you believe only $4.8B per day?
How about $25B.

Everything thats happening in D.C would indicate they are either living in a fantasy world or completely lying about everything.

For my 2 cents O is the king of deception. But he is smart enough to know any deal they make is DOA in public perception. He doesn't intend to cut a dime out of the budget.

His true constituency are the govt workers and the power they represent over us.
Anonymous Coward
User ID: 28846728
Canada
12/09/2012 11:02 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
I wanted to do some math! It's really not that difficult and anyone can follow along. If any congressmen, senators, or ever our president haven't done these simple calculations for themselves then...well

In the first two months of fiscal year 2013 (October/November 2012) the US government BORROWED to cover expenditures above budget, $292 BILLION.

THAT'S $4.8 BILLION PER DAY in new borrowing

Source
[link to cnsnews.com]

Now all this BS wrangling and politicizing is about tax increases that are said to raise $800 Billon over 10 years or $80 billion per year.

Source
[link to www.newsday.com]

These tax increases will fund the governments BORROWING habits for less than 17 DAYS PER YEAR at current borrowing rates.

Let this sink in and understand that none of what is being jockeyed about in congress, the senate, and by this pitiful president, really matters.

This entire horse and pony show is a smoke screen.
 Quoting: N3m3s1s




Apparently every month another percent is added to the debt to GDP ratio....right now the USA is over 100 percent of debt to GDP.....meaning we don't even break even anymore....Last time the USA was in this position was ww2....but at least then industries were set up to support the war effort and the rebuilding that would eventually come after the war....

Now we have entire manufacturing sectors that have been uprooted and moved to cheap labor countries.....

Our GDP will not be able to help service our debt based on our service orientated economies...that's a lot of burgers and fries to sell....

Not gonna happen
Anonymous Coward
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12/09/2012 11:03 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!

''Treasury borrowed $24 billion in one day after Thanksgiving ''


The Obama Cliff.. plan includes $50 billion in stimulus spending for programs intended to create jobs, such as repairing roads and bridges.


He STILL THINKS.... GOVT Creates Jobs???


Only in a 3rd world country....that is is life in Indonisa thinking..
Anonymous Coward
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United Kingdom
12/09/2012 11:04 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
Who The Hell is Loaning us the $4.8 a day and WHY??

They have to know they aren't getting it back.

And Who on Earth has that much to loan?
 Quoting: Anonymous Coward 11360402


China.

Last year they warned US - pay us or we'll sell your debt to IRAN.

Funny world huh? China is your dad.
 Quoting: Anonymous Coward 29402189


China has stopped buying US Treasuries.

The Fed is directly monetizing.

damned

Can't be long now until ... abombdead3screamahhh and then ... zombies
Anonymous Coward
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12/09/2012 11:04 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
The Obama Cliff.. plan includes $50 billion in stimulus spending for programs intended to create jobs, such as repairing roads and bridges.


He STILL THINKS.... GOVT Creates Jobs???


Only in a 3rd world country....that is is life in Indonisa thinking..

 Quoting: Arial721


Right now Indonesia is actually doing better than the US, with a rising economy.
Anonymous Coward
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Malaysia
12/09/2012 11:06 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
WHYY borrow when you can PRINT?
Anonymous Coward
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12/09/2012 11:07 AM
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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
The US has so much debt.

Since the big bang. If everyone paid $1 it still wouldn't be paid off.

Since biblical creation if everyone paid $1000 it still wouldn't be paid off.


Debt = screwed
N3m3s1s (OP)

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12/09/2012 11:18 AM

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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
The Fed is now buying $85 BILLION in treasuries and MBS's per month.

Over $1 TRILLION per anum.

They have to unwind these at some point though..
N3m3s1s (OP)

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12/09/2012 11:20 AM

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Re: US Government is BORROWING $4.8 BILLION PER DAY!!
I was born in the mid 70's. In those days the US Federal Deficit was around $600 Billion total.
So in other words, the US had accumulated $600 Billion in Debt in about 200 YEARS.

The US is now ACCUMULATING $600 BILLION IN NEW DEBT EVERY 6 MONTHS.


200 Years then
6 Months now

News