US Fed debt now exceeds World GDP! - GoFuckYourself.com

DateDoc · 02-15-2009, 10:56 AM

As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.

Rest of article - http://www.worldnetdaily.com/index.p...w&pageId=88851

02-15-2009, 11:11 AM

blah .. i earn more than that in 2 days

Kard63 · 02-15-2009, 11:12 AM

Why are the numbers in this article much higher than anything I've heard of before?

doridori · 02-15-2009, 11:12 AM

wooooooooooooooooooooo

IllTestYourGirls · 02-15-2009, 11:17 AM

Quote:

Originally Posted by Kard63

Why are the numbers in this article much higher than anything I've heard of before?

Its not that far off. Our obligations, last time I heard, and not updated for these latest spending sprees was around 57 trillion.

Last year we spent half a trillion just to pay interest on our debt.

grumpy · 02-15-2009, 12:30 PM

Quote:

Originally Posted by Kard63

Why are the numbers in this article much higher than anything I've heard of before?

you are the only one who can answer that question.

cykoe6 · 02-15-2009, 01:04 PM

Change we can believe in!

Brujah · 02-15-2009, 03:51 PM

Quote:

Originally Posted by cykoe6

Change we can believe in!

$65.5 trillion - $800 billion = 64.7 trillion pre-Obama.

marketsmart · 02-15-2009, 03:53 PM

very soon income tax will no longer even cover the interest of the national debt..

Vendot · 02-15-2009, 04:34 PM

Quote:

Originally Posted by marketsmart

very soon income tax will no longer even cover the interest of the national debt..

Says who? Someone can rise out of the middle east:

Satan: "Hey, you owe us and china all this money but we can solve this debt problem."

US: "How?"

Satan: "Its easy, we attach a mark on your hand or on your forehead and youll have to transact using that. It solves all your identity theft, financial crimes, frauds, illegal immigration, tax evasion, money laundering, counterfeit money, and other issues and we have a cashless society that will make the financial system totally efficient. We'll call it the 666 financial system and you can ask 90% income tax until all the debt is paid off."

US: "Geee, that kinda sucks but I guess we've got no choice."

Satan: "Sure you have a choice, you can go back to medieval times if you like. No oil, no power, life will really (as you say in America) suck. Or you can use this system which we've already deceived... errr convinced... many other nations to join."

US: "Fucker.... okay where do i sign up?"

Satan: "Put your hand out...."

Ethersync · 02-15-2009, 04:37 PM

Quote:

Originally Posted by Kard63

Why are the numbers in this article much higher than anything I've heard of before?

Because you have not been paying attention?

AlienQ - BANNED FOR LIFE · 02-15-2009, 04:47 PM

The funny thing is...
If America pulled its Balance sheet on other countries the debt wouldnt be so bad. It's unfortunAte other countries do not make good on what they owe America.

moeloubani · 02-15-2009, 04:48 PM

http://www.desmogblog.com/us-oil-com...-gdp-of-canada

moeloubani · 02-15-2009, 04:51 PM

Quote:

Originally Posted by AlienQ

The funny thing is...
If America pulled its Balance sheet on other countries the debt wouldnt be so bad. It's unfortunAte other countries do not make good on what they owe America.

Lets see some examples AlienQ of how much other countries owe the US.

Isn't this called bankruptcy when you owe more than all of your assets combined? at least in monopoly it would be game over!

http://www.pgpf.org/newsroom/press/owe/

Drake · 02-15-2009, 04:52 PM

So Obama has come into a situation where spending another $800 billion doesn't matter because it's a drop in the bucket compared to the amount that is already owed and can never be re-paid anyway?

AlienQ - BANNED FOR LIFE · 02-15-2009, 04:56 PM

So who does America make the check out to?

LL

Drake · 02-15-2009, 04:58 PM

I guess Social Security will be going the way of the Dodo bird soon.

IllTestYourGirls · 02-15-2009, 05:46 PM

Quote:

Originally Posted by Mike33

So Obama has come into a situation where spending another $800 billion doesn't matter because it's a drop in the bucket compared to the amount that is already owed and can never be re-paid anyway?

A drop in the bucket wont make a splash. We would need way more than 800 billion correct this. But the problem is that the amount of money we need would cause hyper-inflation. But 800 billion is enough to pay off a lot of people and make it look like something is getting done.

Quote:

Originally Posted by Mike33

I guess Social Security will be going the way of the Dodo bird soon.

No way man, everyone is going to have free health insurance

$5 submissions · 02-15-2009, 06:06 PM

Quote:

Originally Posted by Mike33

I guess Social Security will be going the way of the Dodo bird soon.

It's going to be decision time soon on this issue. Watching Social Security balloon is like watching a train wreck in super slow motion.

Iron Fist · 02-15-2009, 06:32 PM

Obama is the ultimate baller!

fatfoo · 02-15-2009, 06:42 PM

Quote:

Originally Posted by DateDoc

As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.

Rest of article - http://www.worldnetdaily.com/index.p...w&pageId=88851

Damn, that's a lot of debt.

directfiesta · 02-15-2009, 06:56 PM

Quote:

Originally Posted by cykoe6

Change we can believe in!

what an idiot ..

let me find a pic of the twin towers and associate it to Bush ...

DWB · 02-15-2009, 07:51 PM

Old puppet out, new puppet in. More of the same.

GAMEFINEST · 02-15-2009, 07:52 PM

whose counting..

Darkland · 02-15-2009, 08:30 PM

Quote:

Originally Posted by Kard63

Why are the numbers in this article much higher than anything I've heard of before?

This is the problem with the public at large.

1. They are distracted...
2. They are dumb...
3. They don't care...

And the government likes that just fine.

The sad thing is, I have been telling people I know that our country has been in debt to the tune of double digit trillions for awhile now and they thought I was full of shit. All they believe is the standard 3 to 600 billion lie.

When we one day look up at our government over raised fists, there will be no reason to ask how this happened. Just look in the mirror, that is who let it happen.

02-15-2009, 10:56 AM	#1
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	US Fed debt now exceeds World GDP! As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world. Rest of article - http://www.worldnetdaily.com/index.p...w&pageId=88851 __________________

02-15-2009, 11:12 AM	#3
Kard63 Confirmed User Join Date: Nov 2003 Location: 237 619 975 Posts: 8,944	Why are the numbers in this article much higher than anything I've heard of before? __________________

02-15-2009, 01:04 PM	#7
cykoe6 Confirmed User Industry Role: Join Date: Apr 2005 Location: Vegas Posts: 4,499	Change we can believe in! __________________ бабки, шлюхи, сила

02-15-2009, 04:47 PM	#12
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	The funny thing is... If America pulled its Balance sheet on other countries the debt wouldnt be so bad. It's unfortunAte other countries do not make good on what they owe America. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

02-15-2009, 04:56 PM	#16
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	So who does America make the check out to? LL __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

02-15-2009, 11:11 AM	#2
Gasper Guest Posts: n/a	blah .. i earn more than that in 2 days

02-15-2009, 11:12 AM	#4
doridori So Fucking Banned Join Date: Jul 2008 Location: Canadia Posts: 2,222	wooooooooooooooooooooo

02-15-2009, 03:53 PM	#9
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	very soon income tax will no longer even cover the interest of the national debt..

02-15-2009, 04:48 PM	#13
moeloubani Confirmed User Industry Role: Join Date: Dec 2007 Location: Ontario Posts: 4,235	http://www.desmogblog.com/us-oil-com...-gdp-of-canada

02-15-2009, 04:52 PM	#15
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	So Obama has come into a situation where spending another $800 billion doesn't matter because it's a drop in the bucket compared to the amount that is already owed and can never be re-paid anyway?

02-15-2009, 04:58 PM	#17
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	I guess Social Security will be going the way of the Dodo bird soon.

02-15-2009, 06:32 PM	#20
Iron Fist Too lazy to set a custom title Join Date: Dec 2006 Posts: 23,400	Obama is the ultimate baller! __________________ i like waffles

02-15-2009, 07:51 PM	#23
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	Old puppet out, new puppet in. More of the same.

02-15-2009, 07:52 PM	#24
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,439	whose counting.. __________________ Compound interest.