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United States Breaks 12 Trillion Dollar National Debt Mark

 
Anonymous Coward
User ID: 519018
United States
10/27/2009 12:38 PM
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United States Breaks 12 Trillion Dollar National Debt Mark
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
United States
10/27/2009 12:42 PM
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Re: United States Breaks 12 Trillion Dollar National Debt Mark
:dubya: odance

WOO HOO! FUCK YOU, AMERICA!
Reality Is B.S

User ID: 799587
United States
10/27/2009 12:48 PM
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Re: United States Breaks 12 Trillion Dollar National Debt Mark
The USA is completely screwed. We can't stop this now even if we wanted to.
Throwing more erroneous useless information into the original arguement.
Anonymous Coward
User ID: 802888
United States
10/27/2009 12:51 PM
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Re: United States Breaks 12 Trillion Dollar National Debt Mark
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
United States
10/27/2009 12:51 PM
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Re: United States Breaks 12 Trillion Dollar National Debt Mark
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
United States
10/27/2009 12:52 PM
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Re: United States Breaks 12 Trillion Dollar National Debt Mark
No sweat! It was intended to be repaid.......
snarkModerator
Forum Administrator

User ID: 790439
United States
10/27/2009 12:57 PM

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Re: United States Breaks 12 Trillion Dollar National Debt Mark
They'll raise the debt ceiling. It's how they roll.
T For Texas, T For Tennessee!


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
United States
10/27/2009 01:09 PM
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Re: United States Breaks 12 Trillion Dollar National Debt Mark
I say we doubledown...

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

Come on 9...
Anonymous Coward
User ID: 497216
United States
10/27/2009 01:15 PM
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Re: United States Breaks 12 Trillion Dollar National Debt Mark
applause2

AMERICA! FUCK YEAH!
itdincor

User ID: 588013
United States
10/27/2009 02:40 PM
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Re: United States Breaks 12 Trillion Dollar National Debt Mark
*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 (OP)
User ID: 519018
United States
10/27/2009 02:52 PM
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Re: United States Breaks 12 Trillion Dollar National Debt Mark
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
Vietnam
11/07/2009 11:55 PM
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Re: United States Breaks 12 Trillion Dollar National Debt Mark
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
New Zealand
11/08/2009 12:05 AM
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Re: United States Breaks 12 Trillion Dollar National Debt Mark
moshpit pump2 moshpit chorus
Fuck your gunfights all i need is one mic and crowd time and i could outshine the sunlight on Cloud9!
SkyZ

User ID: 813120
New Zealand
11/08/2009 12:08 AM
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Re: United States Breaks 12 Trillion Dollar National Debt Mark
everyones out to fuck americA they want a piece a that sweet ass
Fuck your gunfights all i need is one mic and crowd time and i could outshine the sunlight on Cloud9!





GLP