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CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;

 
Anonymous Coward
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United States
07/11/2015 09:42 PM
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CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
Funny... no mention of what we owe China or Japan 1.3 Trillion each about.

More FUZZY Math......


CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII; 'No Way to Predict Whether or When' Fiscal Crisis Might Occur Here


To simply contain the debt at the high historical level where it currently sitsó74 percent of GDP--would require either significant increases in federal tax revenue or decreases in non-interest federal spending (or a combination of the two).


As of July 9, according to the Treasury, the debt held by the public was $13,102,609,587,775 and the intra governmental debt was $5,049,321,696,720. That equaled a total debt of $18,151,931,284,495.

[link to cnsnews.com]
BunBun

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07/11/2015 09:43 PM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
It sucks so bad. I can't stand Obama.
Christard and Lover of God
Dr.Hill

User ID: 35449057
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07/11/2015 10:03 PM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
It sucks so bad. I can't stand Obama.
 Quoting: BunBun


It's not just Obama. Our whole system is completely screwed.
Every branch of our government.
Every political party.
If state's still had rights we could reverse the downward spiral.
The feds wont have any part of that because it's what's keeping them afloat.
Anonymous Coward
User ID: 813734
United States
07/11/2015 10:10 PM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
Funny... no mention of what we owe China or Japan 1.3 Trillion each about.

More FUZZY Math......


CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII; 'No Way to Predict Whether or When' Fiscal Crisis Might Occur Here


To simply contain the debt at the high historical level where it currently sitsó74 percent of GDP--would require either significant increases in federal tax revenue or decreases in non-interest federal spending (or a combination of the two).


As of July 9, according to the Treasury, the debt held by the public was $13,102,609,587,775 and the intra governmental debt was $5,049,321,696,720. That equaled a total debt of $18,151,931,284,495.

[link to cnsnews.com]
 Quoting: Zotar1111


That's just federal debt. overall debt to gdp is enormous. They wont even give us the numbers anymore

Nevertheless, it can all be solved without austerity but its a planned crisis and its what they want
Anonymous Coward
User ID: 53158832
United States
07/11/2015 10:12 PM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
Funny... no mention of what we owe China or Japan 1.3 Trillion each about.

More FUZZY Math......


CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII; 'No Way to Predict Whether or When' Fiscal Crisis Might Occur Here


To simply contain the debt at the high historical level where it currently sitsó74 percent of GDP--would require either significant increases in federal tax revenue or decreases in non-interest federal spending (or a combination of the two).


As of July 9, according to the Treasury, the debt held by the public was $13,102,609,587,775 and the intra governmental debt was $5,049,321,696,720. That equaled a total debt of $18,151,931,284,495.

[link to cnsnews.com]
 Quoting: Zotar1111


That's just federal debt. overall debt to gdp is enormous. They wont even give us the numbers anymore

Nevertheless, it can all be solved without austerity but its a planned crisis and its what they want
 Quoting: Anonymous Coward 813734


And entitlement promises, federal pensions, social security and medicare.

The claim is that they can renege on those promises but there is no legal precedent to do so, AND if they don't honor those claims then it all falls apart anyway since retirees who have most of the money anyway will be broke and penniless.

If you add up all those promises it's over $200 trillion.

.
Anonymous Coward
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Germany
07/11/2015 10:12 PM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
It sucks so bad. I can't stand Obama.
 Quoting: BunBun


It's not just Obama. Our whole system is completely screwed.
Every branch of our government.
Every political party.
If state's still had rights we could reverse the downward spiral.
The feds wont have any part of that because it's what's keeping them afloat.
 Quoting: Dr.Hill


Anonymous Coward
User ID: 813734
United States
07/11/2015 10:13 PM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;


And there's nothing you can do
It's all just bits of paper
Flying away from you

Oh look out world
Take a good look what comes down here
You must learn this lesson fast and learn it well

This ain't no upwardly mobile freeway
Oh no,
This is the road to Hell
Anonymous Coward
User ID: 69042514
Germany
07/11/2015 10:16 PM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;


And there's nothing you can do
It's all just bits of paper
Flying away from you

Oh look out world
Take a good look what comes down here
You must learn this lesson fast and learn it well

This ain't no upwardly mobile freeway
Oh no,
This is the road to Hell
 Quoting: Anonymous Coward 813734


You can give up. Have fun in your misery!
Me114

User ID: 64623942
United States
07/11/2015 10:23 PM

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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
Obviously, it is over...

Thread: Conversation with God the Father, America will be destroyed and made desolate

Me114
Anonymous Coward
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United States
07/11/2015 11:34 PM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
Well, that is what women and minorities cost America when you let them out of the cage.
Anonymous Coward
User ID: 69742501
United States
07/12/2015 12:21 AM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
Funny... no mention of what we owe China or Japan 1.3 Trillion each about.

More FUZZY Math......


CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII; 'No Way to Predict Whether or When' Fiscal Crisis Might Occur Here


To simply contain the debt at the high historical level where it currently sitsó74 percent of GDP--would require either significant increases in federal tax revenue or decreases in non-interest federal spending (or a combination of the two).


As of July 9, according to the Treasury, the debt held by the public was $13,102,609,587,775 and the intra governmental debt was $5,049,321,696,720. That equaled a total debt of $18,151,931,284,495.

[link to cnsnews.com]
 Quoting: Zotar1111


That's just federal debt. overall debt to gdp is enormous. They wont even give us the numbers anymore

Nevertheless, it can all be solved without austerity but its a planned crisis and its what they want
 Quoting: Anonymous Coward 813734


And entitlement promises, federal pensions, social security and medicare.

The claim is that they can renege on those promises but there is no legal precedent to do so, AND if they don't honor those claims then it all falls apart anyway since retirees who have most of the money anyway will be broke and penniless.

If you add up all those promises it's over $200 trillion.

.
 Quoting: Anonymous Coward 53158832



What is that.......around $600,000 per person?

For myself, wife, and child..........that would be 1.8 million total.

No problemo.....let me get my checkbook.
Anonymous Coward
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Germany
07/12/2015 12:32 AM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
All the illegals and minorities think that the crash will give them the edge. They are in for a rude awakening.
Anonymous Coward
User ID: 64390739
United States
07/12/2015 02:28 AM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
All the illegals and minorities think that the crash will give them the edge. They are in for a rude awakening.
 Quoting: Anonymous Coward 69042514


I don't think those people think period. The government or media tells them something and they take it as an absolute truth.
Anonymous Coward
User ID: 69496699
Sweden
07/12/2015 02:49 AM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
Is this a joke?
US total debt only 13 Trillions ?

Only the derivatives alone is 1000T

And since when US is producing 16T of new value every year?
Anonymous Coward
User ID: 69725311
United States
07/12/2015 03:34 AM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
Funny... no mention of what we owe China or Japan 1.3 Trillion each about.

More FUZZY Math......


CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII; 'No Way to Predict Whether or When' Fiscal Crisis Might Occur Here


To simply contain the debt at the high historical level where it currently sitsó74 percent of GDP--would require either significant increases in federal tax revenue or decreases in non-interest federal spending (or a combination of the two).


As of July 9, according to the Treasury, the debt held by the public was $13,102,609,587,775 and the intra governmental debt was $5,049,321,696,720. That equaled a total debt of $18,151,931,284,495.

[link to cnsnews.com]
 Quoting: Zotar1111


That's just federal debt. overall debt to gdp is enormous. They wont even give us the numbers anymore

Nevertheless, it can all be solved without austerity but its a planned crisis and its what they want
 Quoting: Anonymous Coward 813734


And entitlement promises, federal pensions, social security and medicare.

The claim is that they can renege on those promises but there is no legal precedent to do so, AND if they don't honor those claims then it all falls apart anyway since retirees who have most of the money anyway will be broke and penniless.

If you add up all those promises it's over $200 trillion.

.
 Quoting: Anonymous Coward 53158832


Retirees have most of the money? What?
Anonymous Coward
User ID: 69725311
United States
07/12/2015 03:36 AM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
Is this a joke?
US total debt only 13 Trillions ?

Only the derivatives alone is 1000T

And since when US is producing 16T of new value every year?
 Quoting: Anonymous Coward 69496699


Yes it's a joke. Like another poster said, they will never tell us the actual numbers.

There is no transparency, our government is the shadiest corporation of them all.
Anonymous Coward
User ID: 67168181
United States
07/12/2015 10:31 AM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
But every single item in the budget is sacred and nothing can be cut!!

rant
Anonymous Coward
User ID: 651868
United States
07/12/2015 10:37 AM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
What that means is to pay it back everyone cannot even keep one penny for their own use for over a year.
Can you live not spending even one penny on your own survival for a year, not on food, shelter or fuel.
The only way you can pay is if they take your stuff and your life away.
This is the plan.
Anonymous Coward
User ID: 651868
United States
07/12/2015 10:40 AM
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Re: CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII;
the fact is that you are supposed to pay *back* people who never earned even a penny of it.
Dont you get it?
Its not a *loan*, its a robbery.
Until Americans understand this they are fucked





GLP