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United States Breaks 12 Trillion Dollar National Debt Mark

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Anonymous Coward
User ID: 519018
10/27/2009 12:38 PM
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United States Breaks 12 Trillion Dollar National Debt Mark
Quote

Point of NO RETURN!

Just broke 12 trillion dollars in National Debt! How do we pay the interest alone on this?

1990: 3.2 trillion national debt
2000: 5.6 trillion national debt
2005: 7.9 trillion national debt
2007: 8.9 trillion national debt
2008: President Bush breaks 10 trillion national debt September 30, 2008

October 27, 2009 12 trillion national debt point of no return.

[link to zfacts.com]
[link to en.wikipedia.org]
Anonymous Coward
User ID: 804160
10/27/2009 12:42 PM
Re: United States Breaks 12 Trillion Dollar National Debt MarkQuote

dubya odance

WOO HOO! FUCK YOU, AMERICA!
Reality Is B.S
User ID: 799587
10/27/2009 12:48 PM
Re: United States Breaks 12 Trillion Dollar National Debt MarkQuote

The USA is completely screwed. We can't stop this now even if we wanted to.
Anonymous Coward
User ID: 802888
10/27/2009 12:51 PM
Re: United States Breaks 12 Trillion Dollar National Debt MarkQuote

We've been hitting the debt ceiling and re-raising it for decades.. not surprised. We have a bunch of fools in office.
Anonymous Coward
User ID: 2886
10/27/2009 12:51 PM
Re: United States Breaks 12 Trillion Dollar National Debt MarkQuote

This amount can be visualized this way:

A stack of $1000 bills that is 720 miles tall...

Laid on its side, the stack would require a jet approximately 1 hour and 20 minutes to fly from one end to the other...

Laid out as a sheet, the sheet would cover all the Western United States to North Dakota...

Weighed, the stack would weigh more than 500 full grown elephants...

YOU are fucked.

Interest on this stack is over $400 BILLION a year.
Anonymous Coward
User ID: 627137
10/27/2009 12:52 PM
Re: United States Breaks 12 Trillion Dollar National Debt MarkQuote

No sweat! It was intended to be repaid.......
snark Subscriber
User ID: 790439
10/27/2009 12:57 PM
Re: United States Breaks 12 Trillion Dollar National Debt MarkQuote

They'll raise the debt ceiling. It's how they roll.
T For Texas, T For Tennessee!

[link to snarkista.mybrute.com]

The virtue of courage is a prerequisite for the practice of all other virtues, because otherwise one is virtuous only when virtue has no cost. There are times when something needs to be done, and yet we know that if we step up and do this needful thing, we will pay a heavy personal price. -C.S. Lewis
Jimmy2times
User ID: 550246
10/27/2009 1:09 PM
Re: United States Breaks 12 Trillion Dollar National Debt MarkQuote

I say we doubledown...

A double down on a 12 isn't a bad bet, right?

Come on 9...
Anonymous Coward
User ID: 497216
10/27/2009 1:15 PM
Re: United States Breaks 12 Trillion Dollar National Debt MarkQuote

applause2

AMERICA! FUCK YEAH!
itdincor
User ID: 588013
10/27/2009 2:40 PM
Re: United States Breaks 12 Trillion Dollar National Debt MarkQuote

*sigh*

Ve ist schkrewed!

As my mother's Nazi boy friend Alphonse would say:

"You schtuck mit it, schatzie!"

This sucks, man, so bad....

hayseed
Anonymous Coward
User ID: 519018 (OP)
10/27/2009 2:52 PM
Re: United States Breaks 12 Trillion Dollar National Debt MarkQuote

It looks like it keeps halfing itself.. 10yrs, 5yrs, 2yrs, 1yr. At that rate its going to be like two more trillion in six more months, then another two trillion three months after that, then another two trillion dollars a month and half later and so on.. we are soooooooooooo screwed! Doesn't matter about the stock market or the value of the dollar. We simply can't pay the debt back.. ever! DEFAULT just like on a credit card - we can't make the minimum monthly payment.
Anonymous Coward
User ID: 812690
11/7/2009 11:55 PM
Re: United States Breaks 12 Trillion Dollar National Debt MarkQuote

The debt is only going up nominally not absolutely. You see the dollar is falling faster than the debt is rising. Therefore, debt is being reduced just like the value of the money in your bank account :) it's all fucked up.
SkyZ
User ID: 813120
11/8/2009 12:05 AM
Re: United States Breaks 12 Trillion Dollar National Debt MarkQuote

moshpit pump2 moshpit chorus
SkyZ
User ID: 813120
11/8/2009 12:08 AM
Re: United States Breaks 12 Trillion Dollar National Debt MarkQuote

everyones out to fuck americA they want a piece a that sweet ass
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