Default discussion on US DEBT

[donbrown]

So the USA gets at least 200,000,000,000 in taxes each month

That's at least 200 Billion. Actual numbers are 220 to 260 Billion the most taxes ever collected in USA's history.


Interest on the US Debt is less than 30,000,000,000 monthly ... 30 BILLION


How could we default?

Who has a duty to make sure interest on the debt gets paid?

And the Federal government spends over 3,700,000,000,000 a year.

Please check my math !

 

[Finnlandr]

We wont default.....Its just more fear mongering by the left.

Obozo voted against raising the limit in 2006.....then spewed some garbage in 2008 while campaigning.......AND NOW, total hypocrisy at its finest.

http://www.youtube.com/watch?v=OqMbD6MNf5U

 

[m8magicandmystery]

So the USA gets at least 200,000,000,000 in taxes each month

That's at least 200 Billion. Actual numbers are 220 to 260 Billion the most taxes ever collected in USA's history.


Interest on the US Debt is less than 30,000,000,000 monthly ... 30 BILLION


How could we default?

Who has a duty to make sure interest on the debt gets paid?

And the Federal government spends over 3,700,000,000,000 a year.

Please check my math !

eliminate ten of those zeros then I can do some math checking..otherwise im not your man for the job..

 

[Skidoox]

This may help

 

[1500psi]

Nice

This may help

What a perfect analogy.

 

[beard]

im curious as to why the u.s has any debt in the first place. seems to me they should be able to operate just fine on the taxes they collect. also curious as to why the american people are ok with the gov't using there tax dollars to pay interest on loans they never ok'd in the first place. it's the peoples money there playing with,

 

[Idcatman3]

They did "OK" the loans, by Congress passing laws, ordering the President to pay for it, and not giving him the funding to do so. Therefore, he has to borrow the money to pay for the stuff Congress told him to pay for.

 

[MORSNO]

We are in debt because we give it all away. Foreign aid, socialist programs for the undeserving, useless Government studies, etc. Everyone in DC has pet projects that they will get funding for one or another, and we pay.

 

[polaris dude]

Yeah I don't understand why we don't vote people in who can balance a budget. Seriously, I would probably vote for a candidate whose only goal/platform is to balance the freaking budget.

 

[MORSNO]

Yeah I don't understand why we don't vote people in who can balance a budget. Seriously, I would probably vote for a candidate whose only goal/platform is to balance the freaking budget.

The mass voting freeloaders make sure that doesn't happen. Have you ever seen a free ride to the polls bus in your neighborhood? Nope, you probably live in a working class neighborhood. They hope most of you don't vote.

 

[Bacon]

Yeah I don't understand why we don't vote people in who can balance a budget. Seriously, I would probably vote for a candidate whose only goal/platform is to balance the freaking budget.

Cause there is more people now with their hand out than people with skin in the game. If you live off the gov, are you going to vote for the guy cutting programs to balance the budget? Face it, we are the minority.

 

[Mafesto]

We are in debt because we give it all away. Foreign aid, socialist programs for the undeserving, useless Government studies, etc. Everyone in DC has pet projects that they will get funding for one or another, and we pay.

Folks, we have a F_ing BINGO!

 

[Mafesto]

Cause there is more people now with their hand out than people with skin in the game. If you live off the gov, are you going to vote for the guy cutting programs to balance the budget? Face it, we are the minority.

Saw today on the news that the most common way to earn a living in the US is ........................wait for it..............................................................................................................................................................collecting entitlements.

Nice, real F_ing nice!

 

[winter brew]

If we can elect the right people.....like a bunch of sledders. They could have the Treasury mint a handful of lead coins with "one trillion" stamped in them. Hand them to the Federal Reserve and China, tell them to go F themselves and go back to having our own monetary system that actually has value and quit being slaved to the FedRes and other countries. What are they going to be, beat us up?