LMAO $300 billion interest/year
 

I was just watching CNN today, and it said the usa had like $8 trillion debts, plus 300 billion every year as interest. This is ridiculously funny! :1orglaugh :1orglaugh :1orglaugh

were they talking about credit cards, car loans and home loans? or US govt had that much in debt.. either way I'd believe both. The loan companies are going to kill this country in the long run.

http://www.brillig.com/debt_clock/

:thumbsup

US govt has that much debt mostly in CHINA !!

yeah thats right , China is funding the USA these days :1orglaugh :1orglaugh

thanks bush :)

I wouldn't laugh too hard. The world's economy is tied to it to a certain extent as G8 countries own much of this debt.

They are also tied to the US dollar as a result. It is not an easy thing to unwind for these countries or the US.

Try comparing the debt to GDP and then compare that to most individuals borrowing.

The only differnce is the amount of commas. ;-)

Nope your wrong, Japan is the largest Bond holder and China is second.... They have been reinvesting the surplus into US bonds for many years. Just a matter of time before China will be the #1 bond holder.

China just recently surpass Japan in oil consumption. Now China is number 2 and Japan in number 3.

hmm, so China is the number two on funding the Us yet I am wrong for saying China is funding the Us ? ? hmm, strange logic you got going there :1orglaugh :1orglaugh :Graucho

Just saying Japan is a bigger funder right now :winkwink:

"We are nearing the end of our rope, and it is critical that Congress act," said Treasury spokesman Rob Nichols.

Failure to raise the debt ceiling could force a federal default and leave the government unable to pay Social Security recipients, federal workers and other obligations.

Imperialism has a heavy price.

It destroyed Rome and many other nations.

Why should the US think it is exempt?

When you do not learn from history... you repeat it.

List of countriers by GDP (PPP)

List of countries by GDP

Source: World Bank, September 2004

and its funny how bush turned the largest surplus in ages into this defecit

Leo Strauss

Influence on US foreign policy
Abram N. Shulsky and Paul Dundes Wolfowitz both received their doctorates under Strauss in 1972. Shulsky's area of expertise was Soviet disinformation techniques. The Straussian movement has many other adherents in and around the George Walker Bush Administration. They include William Kristol, the editor of the Weekly Standard, and Stephen Cambone [sic], the Under-Secretary of Defense for Intelligence, who is particularly close to Donald Rumsfeld.

Strauss's influence on foreign policy decision making (he never wrote explicitly about the subject himself) is usually discussed in terms of his tendency to view the world as a place where isolated liberal democracies live in constant danger from hostile elements abroad, and face threats that must be confronted vigorously and with strong leadership.

http://www.disinfopedia.org/wiki.pht...le=Leo_Strauss
http://www.iht.com/articles/96307.html

The asset base of the entire United States however is estimated at over $35 Trillion so our debt as a ratio of our assets is still within normal credit ratio's.

You have to understand also. The US debt is one of the techniques we use to get our money back from our imbalanced import / export ratio overseas.

Countries we have trade deficits with or that gouge us on stuff like oil, end up parking their profits back here in US Treasuries, mortgage pools, and public and corporate debt notes.

The whole financial system worldwide is one gargantuan ponzi scheme and shell game. Money is paper with zero intrinsict value. Electronic money isn't even paper.


:1orglaugh :1orglaugh

I can tell you are pretty informed about money. You should watch a DVD call "Money Masters How International Bankers Control America"

A huge portion of this comes from supporting other countries that can not feed themselves.