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US National Debt to be 20 Trillion by 2018

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1 US National Debt to be 20 Trillion by 2018 on Fri Mar 20, 2009 1:10 pm

Deank


contributor eminence
contributor eminence
20 trillion in debt... and that is a low estimate.
that is just quite simply mind boggling.

Guest


Guest
Heh...the Chinese are very worried.

Deank


contributor eminence
contributor eminence
the number of chinese currently out of work is crazy too.

apparently they have 115 Million migratory workers.. ie they migrate from one manufacturer to another... and its been that way for a few years. 25 million of them are out of work and are demanding payments from the employers and the government ( something about an employer or the government must continue to pay them even if there is no work ).... dirty communist bastards.


_________________
Why do we call them fingers if no one has ever seen them fing?

Guest


Guest
...plus they are carrying a good chunk of the American debt load... now China owns nearly $1 out of every $10 in U.S. public debt (about a Trillion bucks).

http://www.washingtonpost.com/wp-dyn/content/article/2008/11/18/AR2008111803558.html

http://www.usnews.com/articles/news/2009/03/13/china-worries-about-its-holdings-of-1-trillion-in-us-government-debt.html

Guest


Guest
Deank wrote:20 trillion in debt... and that is a low estimate.
that is just quite simply mind boggling.

Yes the war in Iraq is expensive and is more of the reason then not for their mess right now .

Electrician


general-contributor
general-contributor
The war in Iraq is just an excuse to cover the debt. The money disappeared throughout the years. Why don't they just investigate and prosecute those that stole the money? (Harsh words, but someone had to say them...).


_________________
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7 Re: US National Debt to be 20 Trillion by 2018 on Sat Mar 21, 2009 10:04 am

EdWin


major-contributor
major-contributor
This helps put my debt into perspective................. for now.

8 Re: US National Debt to be 20 Trillion by 2018 on Sat Mar 21, 2009 10:08 am

Electrician


general-contributor
general-contributor
And all the hand-outs won't help either... The only way out would have been to lower the low income taxes, but that's utopia... Can't do it... No, no... Absolutely not...
If I were a leader of a country, I'd never give out a penny to the big industries and banks. These companies are just cashing in and continually stealing all they can. Who can stop or control what they do? Nobody...
Italy is giving out money well over 120 billion euros, to FIAT and other big industries, yet they say they don't have the money to pay out previous contracts worth about 50 billion euros. These 50 billion euros would help alot of families survive (money already earned), but no, the govt. won't give them the money, because they know they won't get their percentage back...
Friggen country... Get me outta here...


_________________
A new revolutionary Light Rail Transit system is coming to Winnipeg! (Only if I become Mayor)
http://www.new.facebook.com/profile.php?id=1416203996

9 Re: US National Debt to be 20 Trillion by 2018 on Sat Mar 21, 2009 10:14 am

Electrician


general-contributor
general-contributor
And another thing I didn't like the other day was the Yahoo! news article about the Canadian dollar soaring against the US dollar. The Canadian dollar is just staying put, well, dipped a bit, while it's the US dollar that is tanking. It dipped more than 8 cents against the Euro this week. The loony dipped about 5 cents. Expect the US dollar to drop further, while the Canadian dollar should level off at about 83 cents, but will continue to lose against other currencies due to the falling US dollar.
I think I wrote DOLLAR enough times for today, this week, this month...


_________________
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