US National Debt clock just hit $12T

[LargoWinch]

That's is "2" more than the Dow...

The Gross National Debt

[hayekvindicated]

Re: US National Debt clock just hit $12T

That's is "2" more than the Dow...

The Gross National Debt

The figure is tiny compared to the unfunded liabilities which according to some calculations exceed $100 Trillion.

[LargoWinch]

Re: US National Debt clock just hit $12T

Of course, but who cares anyway? We can just issue new debt to repay the old one right? right!?

[thunderdownunder]

Re: US National Debt clock just hit $12T

Your just a barrel of laughs
want something really funny to ponder !

It just "clicked up" another $1,500,000,000 in the hour since you posted

Now thats a credit card you won't want to leave home without:eek:

[Down Under]

Re: US National Debt clock just hit $12T

It just "clicked up" another $1,500,000,000 in the hour since you posted

Now thats a credit card you won't want to leave home without:eek:

It's a pretty, bloody good credit card

[MulaMan]

Re: US National Debt clock just hit $12T

O'Neill, fired in a shakeup of Bush's economic team in December 2002, raised objections to a new round of tax cuts and said the president balked at his more aggressive plan to combat corporate crime after a string of accounting scandals because of opposition from "the corporate crowd," a key constituency.

O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.

Yep, that is what you get for voting Republican. Reagan kicked-off the downward spiral.

[flintlock]

Re: US National Debt clock just hit $12T

O'Neill, fired in a shakeup of Bush's economic team in December 2002, raised objections to a new round of tax cuts and said the president balked at his more aggressive plan to combat corporate crime after a string of accounting scandals because of opposition from "the corporate crowd," a key constituency.

O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.

Yep, that is what you get for voting Republican. Reagan kicked-off the downward spiral.

With a Democratic congress in cahoots.

[hayekvindicated]

Re: US National Debt clock just hit $12T

Unfunded Liabilities exceed $104 T and the total is now $126 T.

[*T*]

Re: US National Debt clock just hit $12T

O'Neill, fired in a shakeup of Bush's economic team in December 2002, raised objections to a new round of tax cuts and said the president balked at his more aggressive plan to combat corporate crime after a string of accounting scandals because of opposition from "the corporate crowd," a key constituency.

O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.

Yep, that is what you get for voting Republican. Reagan kicked-off the downward spiral.

You know, I am beginning to think people like Cheney and Mandelson are actually trying to sabotage things.

[GRG55]

Re: US National Debt clock just hit $12T

O'Neill, fired in a shakeup of Bush's economic team in December 2002, raised objections to a new round of tax cuts and said the president balked at his more aggressive plan to combat corporate crime after a string of accounting scandals because of opposition from "the corporate crowd," a key constituency.

O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.

Yep, that is what you get for voting Republican. Reagan kicked-off the downward spiral.

He got fired because he liked to wear funny outfits...:rolleyes:



[click on image to enlarge]

http://www.u2station.com/images/2002...21-22-2002.php#