$6.5tn US gov't debt

hardcoreblogger · 05-01-2008, 06:17 PM

i just read in a newspaper article that while military spending will exceed $1tn this year, the US government has accumulated a total debt of US$6.5tn with other countries. that is not counting the tens of trillions$ of debt accumulated by US companies and individuals.

the article concluded that the US is totally bankrupt. that foreign countries like china have stopped lending to the US gov't and are demanding paybacks. that the next president will have to deal with all of that, fucking tough job. and that no matter what he/she does, the US economy is headed for a total implosion in the coming months/years.

it's hard to imagine these figures at all, but it sure doesn't sound good for our mostly dollar-based biz. thoughts?

Rofl · 05-01-2008, 06:21 PM

Speaking of the next leader, I was thinking to myself... anyone think it, er, kind of "strange" that it is almost certain the US will be having EITHER its first black president OR its first female president?

Head Boy · 05-01-2008, 06:25 PM

Get rid of 9 tenths of your lawyers, and get them working on farms and in factories.

Stop trying to rule the world, and try to rule your own country

Make legal extortion illegal.

Encourage business to stay in the US, and make it attractive for the rest of the world to use your services.

Nationalise Visa, and work to reduce the amount of credit buying of non-essentials.

Head Boy · 05-01-2008, 06:27 PM

Quote:

Originally Posted by Rofl

Speaking of the next leader, I was thinking to myself... anyone think it, er, kind of "strange" that it is almost certain the US will be having EITHER its first black president OR its first female president?

The black guy is part of a plot to get the US back into the British commonwealth.

docputer · 05-01-2008, 06:39 PM

If the in-fighting in the Democratic party continues we could also have the old white guy.

hardcoreblogger · 05-01-2008, 06:43 PM

Quote:

Originally Posted by Rofl

Speaking of the next leader, I was thinking to myself... anyone think it, er, kind of "strange" that it is almost certain the US will be having EITHER its first black president OR its first female president?

why do you think that is almost certain? don't count out the republicans yet.

no matter who it is, looks like he/she will have a tough road ahead. the deficit is only one of several huge problems that person will have to solve.

Quote:

Originally Posted by Head Boy

Get rid of 9 tenths of your lawyers, and get them working on farms and in factories.

Stop trying to rule the world, and try to rule your own country

Make legal extortion illegal.

Encourage business to stay in the US, and make it attractive for the rest of the world to use your services.

Nationalise Visa, and work to reduce the amount of credit buying of non-essentials.

i guess the "you" addresses all americans, i'm not one of them

all of your points are strong, but i doubt any of them will happen anytime soon.

deejne · 05-01-2008, 07:34 PM

yeeeeeeeah.........

mikesinner · 05-01-2008, 11:16 PM

The debt has been higher than that before.

easymama · 05-01-2008, 11:42 PM

yeah, it's crazy...pretty depressing

thebes · 05-01-2008, 11:49 PM

Sadly, that is far from the full scope of the Federal Government's debt. At least in the US, most businesses must use the accrual method of accounting- one that takes into account future debt obligations among other non-cash factors. The US Govt uses the cash based method of accounting. If the US used the accrual method, as any large business is required to, the debt would be roughly TEN TIMES that. Yikes!

Also, this is just the debt of the Federal Government, and doesn't include the massive amounts owed and obliged by state, county and local govenments. Add those for a truly staggering sum, and you will see just how fucked we are.

Dupont · 05-02-2008, 05:21 AM

Sigh... Just so mind numbing

Player Rob · 05-03-2008, 10:30 AM

The one thing that amazes me with America is that they spend all that money on war yet you have to pay to go to the doctors and for an education.

Just remarkable.

seeandsee · 05-03-2008, 10:35 AM

Quote:

Originally Posted by Rofl

OR its first female president?

Just on sec i was thinking you wrote: "OR its first shemale president"

05-01-2008, 06:17 PM	#1 (permalink)
hardcoreblogger bloggin' hardcore Join Date: Jul 2006 Location: Outer Space Posts: 4,020 Points: 3,122	$6.5tn US gov't debt i just read in a newspaper article that while military spending will exceed $1tn this year, the US government has accumulated a total debt of US$6.5tn with other countries. that is not counting the tens of trillions$ of debt accumulated by US companies and individuals. the article concluded that the US is totally bankrupt. that foreign countries like china have stopped lending to the US gov't and are demanding paybacks. that the next president will have to deal with all of that, fucking tough job. and that no matter what he/she does, the US economy is headed for a total implosion in the coming months/years. it's hard to imagine these figures at all, but it sure doesn't sound good for our mostly dollar-based biz. thoughts? __________________ Make NO MONEY with my favorite SHEMALE SPONSORS! Learn SEO online and get tons of FREE targeted traffic! $$$ Domain Parking - Get Adult PPC Traffic - AMC converts below 1:100 for me

05-01-2008, 06:21 PM	#2 (permalink)
Rofl Poom Poom Rule! Join Date: Dec 2006 Location: Old Blighty Posts: 2,566 Points: 4,715	Speaking of the next leader, I was thinking to myself... anyone think it, er, kind of "strange" that it is almost certain the US will be having EITHER its first black president OR its first female president? __________________ 3 Great Domains: http://www.netpond.com/domains-sale/...en-1-cams.html 3 great VOYEUR sites (my fave sponsor) \| AEBN VOD Sponsor \| Convert in style

05-01-2008, 06:25 PM	#3 (permalink)
Head Boy Net Baron Join Date: Feb 2004 Location: England Posts: 44,679 Points: 10,941	Get rid of 9 tenths of your lawyers, and get them working on farms and in factories. Stop trying to rule the world, and try to rule your own country Make legal extortion illegal. Encourage business to stay in the US, and make it attractive for the rest of the world to use your services. Nationalise Visa, and work to reduce the amount of credit buying of non-essentials. __________________ Baronets (incorporating Domains for Porn) is holding down domain registration prices for this month. They are still $7.95 - and that's without any asterisks concealing extra charges.

05-01-2008, 07:34 PM	#7 (permalink)
deejne Where can i get a glass of you? Join Date: Mar 2008 Location: SF, California Posts: 144 Points: 20	yeeeeeeeah......... __________________ ArchiveCash // TastyDollars // NichePay // SkinTraffic // GayGravy // GayPay // PrideAccess // TrannyPay ICQ. 382100572 // AIM. deej4vendetta // E. dj (at) adultdevelopments.com

05-01-2008, 11:16 PM	#8 (permalink)
mikesinner ZEUUUUUS!!!!!!! Join Date: Sep 2005 Location: The United States Of Stupid Posts: 12,798 Points: 48	The debt has been higher than that before. __________________ My Best Sponsors BUKAKKEl CAMSl CUMSHOTSl LESBIANSl FETISHl MORE CAMSl USE YOUR PC TO CURE CANCER Buy Traffic 1 2 3 4

05-01-2008, 06:39 PM	#5 (permalink)
docputer Moderator Join Date: May 2006 Location: Midwest USA Posts: 4,078 Points: 0	If the in-fighting in the Democratic party continues we could also have the old white guy.

05-01-2008, 11:42 PM	#9 (permalink)
easymama What the fuck is an Infraction? Join Date: Jan 2008 Posts: 183 Points: 920	yeah, it's crazy...pretty depressing __________________ EasyMama.com ThePornIndex.com MagicSlug.com

05-01-2008, 11:49 PM	#10 (permalink)
thebes Getting back into the biz Join Date: Apr 2004 Location: Back in the Belly of the Beast Posts: 2,170 Points: 2,530	Sadly, that is far from the full scope of the Federal Government's debt. At least in the US, most businesses must use the accrual method of accounting- one that takes into account future debt obligations among other non-cash factors. The US Govt uses the cash based method of accounting. If the US used the accrual method, as any large business is required to, the debt would be roughly TEN TIMES that. Yikes! Also, this is just the debt of the Federal Government, and doesn't include the massive amounts owed and obliged by state, county and local govenments. Add those for a truly staggering sum, and you will see just how fucked we are.

05-02-2008, 05:21 AM	#11 (permalink)
Dupont TCG makes the world go round Join Date: Nov 2003 Posts: 26,838 Points: 1,541	Sigh... Just so mind numbing __________________

05-03-2008, 10:30 AM	#12 (permalink)
Player Rob Is Aga really Little Buddha? Join Date: Oct 2007 Posts: 832 Points: 2,045	The one thing that amazes me with America is that they spend all that money on war yet you have to pay to go to the doctors and for an education. Just remarkable. __________________ British, Retro, Classic, Big Boob, Interracial, Anal and European Pornstar Affiliate Program BUY/SELL High Quality Traffic

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