New slavery coming for many Americans

[smurphy]

A very Weaselesque reply. Whenever you know you aren't making sense, simply accuse the other side of being on edge or overreacting. I'm used to the routine. Not sure what gives you the idea that I am not having at least as much fun as anyone else anyway. ...Even if I'm not, I'm doing pretty well considering I was called a 'worthless piece of shit' today.

Sincerely,

Did you know that Finland is the only nation to repay in full it's World War II debt to the United States?

 

[Eddie Haskell]

Saul:

It was only a buck ninety eight.

Eddie

P.S. Why don't you dive into some of your bar mitzvah money and go to the upcoming MJ golf outing this summer. Better yet, why don't you host it.

 

[smurphy]

Saul:

It was only a buck ninety eight.

Eddie

P.S. Why don't you dive into some of your bar mitzvah money and go to the upcoming MJ golf outing this summer. Better yet, why don't you host it.

I'd love to, but my Jewish father never gave me any money. And in this economy, I can't risk dipping into my own nest egg for a bunch of drunk degenerate gamblers racking up greens fees and thrashing golf carts.

 

[Eddie Haskell]

You are wise.

Ed

 

[Tenzing]

will

will

United States public debt
From Wikipedia, the free encyclopedia

The United States total public debt, commonly called the national debt, or U.S. government debt, is the amount of money owed by the United States federal government to creditors who hold U.S. debt instruments. Debt held by the public is all federal debt held by states, corporations, individuals, and foreign governments, but does not include intragovernmental debt obligations or debt held for Social Security. Types of securities held by the public include, but are not limited to, Treasury Bills, Notes, Bonds, TIPS, United States Savings Bonds, and State and Local Government Series securities.[1]

As of March 2008, the total U.S. federal debt was approximately $9.4 trillion[2], about $79,000 in average for each American taxpayer. Of this amount, debt held by the public was roughly $5.3 trillion.[3] If, in addition, unfunded Medicaid, Social Security, etc. promises are added, this figure rises to a total of $59.1 trillion.[4] In 2007 the public debt was 36.8 percent of GDP ranking 65th in the world.[5]

It is important to differentiate between public debt and external debt. The former is the amount owed by the government to its creditors, whether they are nationals or foreigners. The latter is the debt of all sectors of the economy (public and private), owed to foreigners. In the U.S., foreign ownership of the public debt is a significant part of the nation's external debt. The Bureau of the Public Debt, a division of the United States Department of the Treasury, calculates the amount of money owed by the national government on a daily basis.

you please just ****ing stop? WTf does that random ass wiki have to do with anything?

You didn't answer the question, from whom is the US borrowing all these trillions of dollars??

 

[THE KOD]

P.S. Why don't you dive into some of your bar mitzvah money and go to the upcoming MJ golf outing this summer. Better yet, why don't you host it.

...........................................................

I would have to have a promise from you that you will let me drive you around in the golf cart on the course.

http://www.youtube.com/watch?v=J675f_xgVyU


http://www.youtube.com/watch?v=3MmDgchiTa8


http://www.youtube.com/watch?v=Its4NiFJisE

:scared :scared

 

[EXTRAPOLATER]

I undertand that the U.S. foreign debt is held through treasury bonds owned by foreign countries. Apparently China and Japan own a lot of this debt but I haven't seen recent numbers. These two economies are doing quite well, anyways, and neither are large importers of U.S. weapons sales so the trade deficits between them are rather large. I still think that these Asian countries import a lot of natural resources from U.S. companies (oil, gold etc.) but I don't know if that affects the countries trade numbers or merely the companies' in question.

If I had a dollar for every question
and owed two dollars for every answer
then I'd still be up.

Not that this world is short on "answers."

Some people just don't pay enough for their answers.
Don't get shortchanged.

 

[Spytheweb]

you please just ****ing stop? WTf does that random ass wiki have to do with anything?

You didn't answer the question, from whom is the US borrowing all these trillions of dollars??

The U.S. budget deficit is financed by borrowing. More and more of that money comes from China, now the United States' second-largest lender, after Japan. China's investment in U.S. government debt has more than tripled in the past five years, from $71 billion in 2000 to $242 billion in 2005.


The money for the war comes from? This is money the government does not have. Bush is running the government on a creditcard, Hey, tax breaks for everybody.

The biggest chunk (about 25 percent of the $8.5 trillion total) is held by foreign governments. Japan tops the list (with $644 billion), followed by China ($350 billion), United Kingdom ($239 billion) and oil exporting countries ($100 billion).

 

[MadJack]

The biggest chunk (about 25 percent of the $8.5 trillion total) is held by foreign governments. Japan tops the list (with $644 billion), followed by China ($350 billion), United Kingdom ($239 billion) and oil exporting countries ($100 billion).

what happens if we stiff 'em? :shrug:

just wipe the slate clean :00hour

we've been stiffed before :SIB

 

[EXTRAPOLATER]

to balance the trade deficit out you guys could use WWIII.
especially if it's China-Russia trying to take over Europe of something.
and especially if you got "in" late.
turn the balance.
other scenarios could work.
you guys could clean up.


:weed:


:0corn

...and lots of good stiffs throughout history.
Heard some good examples recently but can't remember them all as a mind is a terrible thing to waste. Lots of crappy third-world debt that can't be paid--needs to be forgiven--so you guys could kinda jump ship onto the stiff brigade. Enough owed to you guys from other moments in history.

 

[Tenzing]

what happens if we stiff 'em? :shrug:

just wipe the slate clean :00hour

we've been stiffed before :SIB

That's what I just got through saying.

Look, if the US, the largest entity on earth owes between 9-54 TRILLION ****ng dollars, who the **** are we borrowing it from and why don't they just buy all of California/Florida/NY/Texas/Ohio/Arizona/Virginia instead of lending the US money?

Lets do just a little critical thinking here.

 

[Jabberwocky]

So you think it is irrelevant the amount of our GDP that goes directly towards servicing our debt? We can just spend as much as want and borrow as much as want from the rest of the world and their will be no repercussions to our economic health or overall quality of life?

 

[DOGS THAT BARK]

Hmm wonder why all the consideration of debt now--there has-is-will be debt period.

The biggest reason for debt are social programs--as they never go away and escalate every year.

Yes wars are expensive- but do end and so do expenses. However is insane to speak of cost of wars in terms of national debt--and want to to elect candidates promoting more and expanding current programs.

On homeowners losing home--you forget 95% of all mortgages are paid on time--so we are discussing only 5% of poulation. Granted many were sucked in by predatory lenders with 0 down and ludicrusiosly low ARM's but what did they lose?
If they didn't have money down and couldn't handle the increased rates--they walk away probably paying less than they did renting for time period and lost nothing monetarily and no worse than they were prior.
Its not the financially prudents burden to bail out those that aren't. You have to understand there are people that will never be responsible--and you would have to continuely bail out forever.

However there are countries that believe this will work--(socialism) and take a look at them--one benefit they have- is they don't have much problems with immigration

 

[The Sponge]

Hmm wonder why all the consideration of debt now--there has-is-will be debt period.

The biggest reason for debt are social programs--as they never go away and escalate every year.

Yes wars are expensive- but do end and so do expenses. However is insane to speak of cost of wars in terms of national debt--and want to to elect candidates promoting more and expanding current programs.

On homeowners losing home--you forget 95% of all mortgages are paid on time--so we are discussing only 5% of poulation. Granted many were sucked in by predatory lenders with 0 down and ludicrusiosly low ARM's but what did they lose?
If they didn't have money down and couldn't handle the increased rates--they walk away probably paying less than they did renting for time period and lost nothing monetarily and no worse than they were prior.
Its not the financially prudents burden to bail out those that aren't. You have to understand there are people that will never be responsible--and you would have to continuely bail out forever.

However there are countries that believe this will work--(socialism) and take a look at them--one benefit they have- is they don't have much problems with immigration

Dog what programs are you talking about? Farm subsities? Corporate Welfare? Outsourcing? One sided tax breaks? Welfare to Israel while they have universal health care and a 17 dollar min wage? Welfare to Muslim countries to just pay them off cause we like to bribe people? Programs to make oil companies and Pharmacueticals more wealthy? Medicare for our citizens? Welfare for people who can't work or dead beats? Which ones are you talking about? I could list more if you want. War profiteering? Bullshit wars? Ridiculous defense spending? More then every nation combined? Money to people who were just shooting at us five months ago?

 

[justin22g]

one thing I still don't understand...

credit ratings.

So be it... I dont know smack about them.

This country is all about debt. If you have a better credit rating... you can borrow more, spend more, and pay less interest....

who gives a shit... its not your money anways.

 

[DOGS THAT BARK]

Dog what programs are you talking about? Farm subsities? Corporate Welfare? Outsourcing? One sided tax breaks? Welfare to Israel while they have universal health care and a 17 dollar min wage? Welfare to Muslim countries to just pay them off cause we like to bribe people? Programs to make oil companies and Pharmacueticals more wealthy? Medicare for our citizens? Welfare for people who can't work or dead beats? Which ones are you talking about? I could list more if you want. War profiteering? Bullshit wars? Ridiculous defense spending? More then every nation combined? Money to people who were just shooting at us five months ago?

I thought we were talking about homeowners--

Corp-Banks-Savings and Loan bail outs are quite diff-
They produce jobs--deadbeats provide nothing to society but drain on tax payors-

Didn't say any anything about not providing for those with disabilty or the aged--and most pay taxes for medicare benefits in lateryears--I'm speaking of the majority of welfare recipients who produce generations of illegitimate dependents of the tax payor.

You speak of poverty--
China has one of lowest incomes per capita and no welfare benefits--they get along quite well as they are family oriented and provide for those in family that can't work as do their neighbors. You go through their poorer neighborhoods and never see a locked door as they all pull together.

Show me another place on earth--where a certain communities dictate bars on windows to keep criminals out--rather than in. :0corn

 

[Spytheweb]

what happens if we stiff 'em? :shrug:

just wipe the slate clean :00hour

we've been stiffed before :SIB

The dollar is already in trouble. It's not backed by anything but the promise to repay it. Take that promise away and what do you have left? Who outside of America is going to take the dollar? They are going to want, say gold to do business with the US.

 

[Jabberwocky]

Hmm wonder why all the consideration of debt now--there has-is-will be debt period.

so 1 trillion, 5 trillion, 20 trillion, all the same to you.? Gotcha. Care to re-affirm the "fact" that the debt increased by 36% under Clinton again? Nahh, didn't think so. I guess it's like Tenzing's 45 years of a democratic congress, i.e. bullshit.

A necon full of shit? wow, go figure.

 

[Hard Times]

Give'em hell,Jabber.I hate liars.

 

[djv]

I don't understand half this BS. So it's ok to just keep adding to it. Like the doubling of it just last 6 years. First time we did that. And we keep paying our enemies 500 billion a year for there black gold. Thats a smart energy plan Chenney came up with his little group behind closed doors.