OT - The US National Debt - Page 4

Hmmm... but surely, & correct me if I'm wrong here,  the National Debt is the money owed by the Federal Goverment and is therefore a direct result of Federal Goverment spending?

And of course goverment spending will differ depending on who is in power & it is the general public who decide who is in power.  But would a politician ever get into power on a ticket to reduce the debt by raising taxes and reducing spending?

Not sure who first said it but "You get the goverment you deserve" springs to mind.... & whoa this isn't meant as an insult as it's just as relevant to the UK.

Happy Thanksgiving all...

AandA

hmmmmm     &&&&&&&&&&&&&& whooooooo&&&& only black and white no shades of gray &

If you spend money like water, then a time comes when it drys up,

So many Wars fought and in the end what have they achieved, nothing but misery for some in the past, now everyone is feeling it world wide or near so, and i am not putting all the blame on the USA on this, The UK is near as much to blame as they are

These are two countries who have to be the bloody do gooders of this world every time a problem happens with another country,  right or wrong they have to get involved , and now there own people are paying the price for their mistakes

The powers to be talk a good fight but really they are no more capable of doing the right thing to its people than

a rabbit is getting out of the way when caught in a cars headlights.

The one ruling the UK is not up to the job never will be, lets hope that at least Obama is

because if he starts to play silly buggers then we are all doomed

Steve

Wazzdown, I didn't post anything on the halloway thread. FYI.

Happy Thanksgiving !!

OH yes you did .lets see my daddy told me this one Liar Liar Your Pants Are On Fire.... Can I Get A V for Victory. 

... the meds are in isle 5.

then you better hurry and get there before preston gets there first..you dose is way over due.Jack of no trade..

chitter chatter inter-net chatter .who's under the scope now ...American and Armed..   A AND A..TAG TEAMS SPORT TO SOME BE VERY CAREFUL WHAT YOU SAY IN THE NEXT FEW WEEKS .BIG BROTHER IS LISTENING.HE CAN HEAR YOU!!!!! ALL OF YOU!!! YOU CAN'T BE ASKING ME ,I'M JUST AN IDIOT REMEMBER!!!!!YOUR AN ARSE ROCK DWELLER AND OH SO TRANSPARENT!!!!!LETS NOT GO SO FAR AS TO SAY IM A PATRIOT!! AS I WOULD DEAR SAY I'M MORE A MALCONTENT.IM JUST NOT A HATE MONGER NOR DO I CARE TO TRY TO INFLAME OTHER COUNTRIES AGAINST US .I HAVE BEEN ON THE TO TAKE ALOOK AT LIST BY MOST GOVERMENT AGENCYS.AT THIS POINT IN MY LIFE I CHOOSE TO SIT BACK AND LET THEM TAKE A LOOK AT YOU.IT KEEPS THEM AWAY FROM ME..PRETTY FLOWER !!! I'M GROWING QUITE FOND OF THEM..

I suppose National Debt – 10.6 trillion and counting, 53-year high, $37 000 per capita - represents the amount borrowed to make good the shortfall to date between payments and receipts, Aand.

Add in Medicare/social security/pension obligations and the like and it rockets up to over 60 trillion – more than half a million per US household! The forever-increasing US total foreign debt, government, private and corporate is too rude to mention!

At present there’s a ‘switcheroo’ going on: The Fed borrows by selling bonds and then channels the money raised to financial institutions as loans, or in exchange for dodgy mortgage securities, and now for equity too. Capitalism, free markets and good finance at its best! Smoke and mirrors?

Bloody do-gooders maybe, Steve, but here oil must also play a part. They’re surprisingly shy when it comes to something like Congo atrocities, millions of Darfur refugees, or starving Zimbabwese. Very eager to sell modern weapons to whoever’s got the money though! War and debt always were natural bed partners. Love that bit about some rabbit caught in car headlights!

Ugly may fancy this expert’s opinion: “The monetary authorities are also much more savvy in the US today. Whereas Galbraith berates the Federal Reserve of the Twenties and Thirties for keeping interest rates high to keep the dollar on the gold standard, as a way of keeping inflation under control, today's Fed, under Ben Bernanke – a respected scholar and author on the Great Depression himself – has been spraying money into the financial system and cut interest rates repeatedly.”

This expert obviously never heard of Greenspan! Or how those ‘savvy’ authorities never even saw this mortgage/credit debacle/recession coming. Plenty of posturing now to make up for it of course.

 

http://www.youtube.com/watch?v=QnsfZwwswZE