U.S National Debt
 

The estimated population of the United States is 298,328,035
so each citizen's share of this debt is $27,471.37.

The National Debt has continued to increase an average of
$2.28 billion per day since September 30, 2005!

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

Dont this worry anyone of you guys?

Over 50% of all taxes paid in the U.S goes to pay the interest of the current debt. :Oh crap

nope, don't care

U.S. Holds Going-Out-Of-Business Sale
Full story
http://www.theonion.com/content/file....article_0.jpg

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $41,800.

Our total GDP is $13.7 Trillion. Our external debt is $8.8 Trillion. The estimated total wealth of the US is over $30 Trillion. So our debt as a percentage of our wealth is fine.

everything is fine guys. you have nothing to worry about.

http://money.cnn.com/2006/01/23/news...ings/index.htm

Good for you :1orglaugh :1orglaugh :1orglaugh

You should pick up Empire of Debt.....It was published recently. Scary stuff

http://www.amazon.com/gp/product/047...books&v=glance

Wow I was unaware that the National Debt caused the unions to push the cost per employee of the company so high that if fucked most everyone now. Health care costs being pushed up, salaries being pushed higher than what alot of workers deserve. How does you logic somehow connect Ford with our national debt... Maybe you are just fuckin retarded? :uhoh

But the economy has been bloated by low rates, not paying bills and we've kept poor uneducated voters happy by allowing the trade deficit to soar. The administration has been adding short term band-aids in order to stay in power.

We?ll know by 2010 if the band-aids were good or bad.

is that why they are taxing the adult biz more, so as to make up for those collossal debts?

It will be finnnnnnnnnnnne nothing to worry about here

Go prepaid

is America going nearing bankruptcy? OMG!!!

Not just because of your link... but the word "implosion" comes to mind.

There are massive shifts in "weath" in this world and destined to escalate far more than we have seen so far.

That becomes a problem for "consuming societies" like the US. It's just not sustainable to utilize 25% of the worlds resources and have less than 5% of the worlds population.

That just gets worse when that society can't actually write a check for payment and has only two items/products that show a net surplus on trade balances (arms and wheat).

It's worth glancing thru a report compiled by the US Treasury and released in spring 2002. This was the most extensive summary of the US economy ever
and took 10 years to compile. The simplifed bottom line was.... 94% of all homes within the US were "debt" (hell knows what it may be now). There was a recommendation to immediately raise taxation (wait for it!) to 60% for the
forseeable future. The report was presented to the President who immediately
stuffed it to the bottom of the out tray cos he did not want to hear this and
had other plans to spend more money in Iraq and, anyways, he don't do economics. :) It's worth a read and damned interesting!

In March 2002, JASON's future was cast into doubt when the Pentagon's Defense Advanced Research Project Agency (or DARPA) announced that it had severed its 42-year-old contract with the group. The group, which has 50 members, relies on a $1.5 million annual budget from the Department of Defense and $2.25 million from the Department of Energy and a variety of federal agencies[2]. After some anxious weeks, the group secured a new contract in June 2002, with the Department of Defense's Directorate for Research and Engineering, which oversees DARPA. Still, the rift has alienated many JASON members, many of whom have expressed fears that the Pentagon's increasingly adversarial attitude towards science may deter some scientific experts from doing research or serving on advisory panels.