The national debt on October 05: $7,414,553,180,295.70
Your share of the national debt: $25,181.40
OpinionJournal - Featured Article
Drunken GOP Sailors
Even Bill Clinton and a Democratic Congress didn't spend like this.
Amazing as it may sound, the ostensibly small-government GOP seems totally oblivious to the fact that all this spending puts its future economic agenda in jeopardy.
Let Teraysa write a check to clear this up!
What % of GDP? Compare that to the debt of the 80's it's a smaller percentage..
If spending is so out of control, and I'm sure it is, let's start where the waste really is: the Dept. of Education, the welfare system, and free pills for old people. Funny how the Democrats never take the hit for this, it's always Bush's fault!
There is a ceiling on the national debt? Why?
Not my problem. Every Generation deals with debt. No big deal.
Elsewhere, no one gives a RATS A$$!
Since I probably won't be getting my social security "benefits" when the time comes (and even if I do, it will amount to a 40+ year free float to the government in which they get all the interest and I get nothing), as far as I'm concerned my "share" of that national debt is already paid in full.
Small government GOP? riiiggghhhtttt.
My share of the national assets greatly exceeds 25,000. I have a share in the most massive defense structure ever built, the greatest road and delivery systems ever constructed, the best ports ever made, the greatest economic system ever devised, the best educated people ever to walk the planet. All this and more and I'm supposed to get upset about debt that cost me less than 4.00 per day ?
and the ......World's debt is....?
Very true --- but the national debt is almost a moot point. IMHO, it will NEVER be paid back. How can it be paid back when it just continues to go up???
Basic arithmetic...combined with the fact that Washington, as a whole, is OUT OF CONTROL.
Nuff said.
How about not spending so much of our f*cking MONEY??? Is that too much to ask?
"Even Bill Clinton and a Democratic Congress didn't spend like this."
That's because (1) they cut the military, and (2) you had more conservatives than today (today we have neocons -- rrrrrrrrr).
We spend so much money on crap, but unfortunately it's crap that has advocacy groups protecting it (NEA, AARP, etc.). And then there was this recent health care bill which was just sickening.
And when Enron or Worldcom do such a thing, it's a crime.
The Debt To the Penny
Current Amount
10/04/2004 $7,414,024,541,823.04
Current
Month
10/01/2004 $7,409,510,200,267.47
Prior
Months
Prior Fiscal
Years
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
09/30/2002 $6,228,235,965,597.16
09/28/2001 $5,807,463,412,200.06
09/29/2000 $5,674,178,209,886.86
09/30/1999 $5,656,270,901,615.43
09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
SOURCE: BUREAU OF THE PUBLIC DEBT
Since no one under the age of 50 believes they are going to see a dime of the money they're paying into Social Security and Medicare, everyone under the age of 50 should write-off whatever they pay into S.S. and Medicare as a charitable deduction - since that's what it really is!
"Even Bill Clinton and a Democratic Congress didn't spend like this. Amazing as it may sound, the ostensibly small-government GOP seems totally oblivious to the fact that all this spending puts its future economic agenda in jeopardy."
That's probably because Bill Clinton ignored us being attacked for eight years and instead of doing something about it, taxed us into a recession.
But hey, vote for Kerry. Let's see if we can double it.
Newt Gingrich said on Fox the other night that Bush believed in smaller government. I had to E-mail Fox and ask them "What planet is Newt living on?" cause it sure ain't this one.
...this Month...with a GDP of $10.99 Trillions and growing economy, I would say it would be safe to say, that as long the investors think it is a OK to finance our debt, so be it.
It is how the financial markets work!