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mmcfadden

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#1

1.5 trillion china debt

10-12-2008, 07:26 PM

Do we really owe that much? What does the US now have to compromise to settle that?
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crockett

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#2

10-12-2008, 07:35 PM

What do we have to compromise? I'd say it's pretty easy kick the spend crazy Republicans out of office. While the Republicans love to cry about spend crazy Democrats it's seems they can't hide for history.

http://en.wikipedia.org/wiki/Nationa...idential_terms

The simplest way to lower the National Debit, is to vote a Republican out of office.

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#3

10-12-2008, 07:40 PM

Originally posted by crockett

What do we have to compromise? I'd say it's pretty easy kick the spend crazy Republicans out of office. While the Republicans love to cry about spend crazy Democrats it's seems they can't hide for history.

http://en.wikipedia.org/wiki/Nationa...idential_terms

The simplest way to lower the National Debit, is to vote a Republican out of office.

Why people cant see this amazes me.
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#4

10-12-2008, 07:42 PM

The question is, when will the Chinese govt send their debt collectors in to get back their money!

This is the best example of the term gfy is so fond of ... OWNED!
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#5

10-12-2008, 07:46 PM

Originally posted by tony404

Why people cant see this amazes me.

Yea it's quite amazing that people actually believe the BS about Democrats being spend crazy the Republicans love to spew. It quite simply just shows how stupid people are in this country.

The simple fact is since WW2 every single Democrat has lowered the National debit..It wasn't just Clinton it was all 6 Democratic presidents since then. However in that same time frame Every single Republican has raised the National Debit since WW2 with the exception of two Nixon and Eisenhower. The rest have all raised it while claiming to be conservative.

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#6

10-12-2008, 07:47 PM

I bet a lot of countries also have debt to the US.

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#7

10-12-2008, 08:18 PM

That is backwards trade debt, and I wish we would stop it. It also includes Corps and Gov Debt.

Simply put, we sell them a sheet of metal for $5, they make 1000 medical knives and we buy them back for 5 cents each. We take a loss. The Gov tries to make up the money by selling all types of this crap. When it can't over and over and over again, we get a 1.5t debt.

Then again, our Gov uses the American people, our tax, our lands, ect as collateral. Kinda f'ed to think, we owe these people 1.5 trillion of our own hard earned money, after we buy all that trash from them in the first place...

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#8

10-12-2008, 08:29 PM

Originally posted by TheDoc

That is backwards trade debt, and I wish we would stop it. It also includes Corps and Gov Debt.

Simply put, we sell them a sheet of metal for $5, they make 1000 medical knives and we buy them back for 5 cents each. We take a loss. The Gov tries to make up the money by selling all types of this crap. When it can't over and over and over again, we get a 1.5t debt.

Then again, our Gov uses the American people, our tax, our lands, ect as collateral. Kinda f'ed to think, we owe these people 1.5 trillion of our own hard earned money, after we buy all that trash from them in the first place...

That's why they won't stop lending to us...to keep us buying their trash

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crockett

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#9

10-12-2008, 08:30 PM

Originally posted by TheDoc

That is backwards trade debt, and I wish we would stop it. It also includes Corps and Gov Debt.

Simply put, we sell them a sheet of metal for $5, they make 1000 medical knives and we buy them back for 5 cents each. We take a loss. The Gov tries to make up the money by selling all types of this crap. When it can't over and over and over again, we get a 1.5t debt.

Then again, our Gov uses the American people, our tax, our lands, ect as collateral. Kinda f'ed to think, we owe these people 1.5 trillion of our own hard earned money, after we buy all that trash from them in the first place...

That's a trade deficit and not the same thing.. Bush admin has been financing their massive spending by loans from other countries such as China.

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Hank_Heartland

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#10

10-12-2008, 08:32 PM

Originally posted by tony404

Why people cant see this amazes me.

Ditto that...Americans have no common sense

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mmcfadden

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#11

10-12-2008, 08:36 PM

Time for some minds in this country to make a dent...
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#12

10-12-2008, 08:41 PM

Japan ? Public Debt: 176.2% of GDP (2006 est.)

The mortgages have been taken out by US citizens, the credit cards are used by US citizens.

You are so hypocrite in here, it feels worse than sitting in a church in Alabama.

The blame on Republicans for 33 years of trade deficits, ah ah ah.

It was not any better under Clinton.

The President of the US is not a dictator, and the economy is not socialist but private and capitalist.

Get real, morons.

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#13

10-12-2008, 08:51 PM

Originally posted by crockett

That's a trade deficit and not the same thing.. Bush admin has been financing their massive spending by loans from other countries such as China.

At the end of the day, it all gets added to the total of our national debt.

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#14

10-12-2008, 08:54 PM

both political partys over spend. to blame it on one or the other completely avoids the issue. not to mention u.s. debt held by foreign investors has risen exponentially since the early 1980s and both parties have had their power trips between then and now
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#15

10-12-2008, 10:37 PM

Originally posted by TheDoc

That is backwards trade debt, and I wish we would stop it. It also includes Corps and Gov Debt.

Simply put, we sell them a sheet of metal for $5, they make 1000 medical knives and we buy them back for 5 cents each. We take a loss. The Gov tries to make up the money by selling all types of this crap. When it can't over and over and over again, we get a 1.5t debt.

Then again, our Gov uses the American people, our tax, our lands, ect as collateral. Kinda f'ed to think, we owe these people 1.5 trillion of our own hard earned money, after we buy all that trash from them in the first place...

And here in lies the problem with the entire western world ... its not YOUR HARD EARNED MONEY ... we didn't work hard ... we didn't earn it ... we borrowed it, far beyond our means while inflating our ego's by 'helping' underdeveloped countries who we consider to have nothing, while we buy even more of their crap - and put it on the visa card! It's our desire for owning SHIT and believing that it makes us better than those who don't own SHIT that put us in this position.

Isn't it funny that we see ourselves as wealthier than a country that we owe 1.5 TRILLION dollars to when most of us OWN less than the chinese rice farmer with 47 family members to feed?

Trade Deficit ... Public Debt ... Credit Crisis ... Bail out plan ... National Debit ...

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#16

10-12-2008, 11:41 PM

Originally posted by sltr

both political partys over spend. to blame it on one or the other completely avoids the issue. not to mention u.s. debt held by foreign investors has risen exponentially since the early 1980s and both parties have had their power trips between then and now

You must learn some economic history. Or you wouldnt say that.

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#17

10-13-2008, 06:19 AM

Originally posted by AlienQ

You must learn some economic history. Or you wouldnt say that.

so both political parties do not overspend?

blaming the 1+trillion$ debt on a single party doesn't avoid the issue of an overabundance of foreign held debt?

foreign held u.s. debt has not risen exponentially in the last 30 years?

both parties have not been in control of the executive branch or the legislative branch at one time or another during that time?

fyi, repulicans historically have spent ~20% more than democrats. THAT'S ALL.
20% less spending does not translate to a reasonable amount of debt held by china.

also, it implies that putting a democrat in charge will fix things.

news flash- it won't.
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#18

10-13-2008, 06:23 AM

Originally posted by pigman

I bet a lot of countries also have debt to the US.

Yes, of course they do.

But it's not even close to the amount of debt the US have to the rest of the World.

I'm just a newbie.
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#19

10-13-2008, 06:54 AM

Originally posted by cj_purve

The question is, when will the Chinese govt send their debt collectors in to get back their money!

This is the best example of the term gfy is so fond of ... OWNED!

It doesn't work that way. China is NEVER going to come over and say "pay up or else" to us. That's just not how it works and I'm too lazy to explain it to the dumb shits at GFY.

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#20

10-13-2008, 07:04 AM

Intresting,or i just imagine or every time when republican was on goverment usa was in debt according to that wiki entry?
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#21

10-13-2008, 07:04 AM

Dont worry China is about to stop selling us their "crap". Then we will learn the real inflation rate.
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#22

10-13-2008, 07:05 AM

What I dont understand is how or why the US keeps lending money to other countries to help them out.

we have enough problems here.

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#23

10-13-2008, 07:12 AM

We're just talking about treasury bonds. Is there any reason to be more upset about the $1.5 trillion in bonds that are being held by the Chinese government? I mean, if I purchase $1 million in 30 year bonds if that somehow less worrisome than if the Chinese government purchases $1million in US bonds?

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#24

10-13-2008, 07:24 AM

Originally posted by IllTestYourGirls

Dont worry China is about to stop selling us their "crap". Then we will learn the real inflation rate.

How is it THEIR crap? For the most part what we have is American companies that build factories in China and then ship the products back to the US. In some cases American companies outsource various parts of the manufacturing process. However there aren't many Chinese companies selling goods to the US. it is American toymakers, athletic apparel and pharmaceutical companies with manufacturing presence in China. Apple makes iPods in China for example.

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#25

10-13-2008, 07:26 AM

Sell New York to the chinese, and that will settle it!
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IllTestYourGirls

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#26

10-13-2008, 07:27 AM

Originally posted by ADL Colin

How is it THEIR crap? For the most part what we have is American companies that build factories in China and then ship the products back to the US. In some cases American companies outsource various parts of the manufacturing process. However there aren't many Chinese companies selling goods to the US. it is American toymakers, athletic apparel and pharmaceutical companies with manufacturing presence in China. Apple makes iPods in China for example.

I should have said "their crap"
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#27

10-13-2008, 07:34 AM

Originally posted by IllTestYourGirls

I should have said "their crap"

lol funny ;-)

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#28

10-13-2008, 03:40 PM

So, with that in mind, is anyone going to Asia Adult Expo in Macau in December? :-)

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