[survivalforum.com]

Here we go again!

Additional National Debt Default Articles Here

[eFudd]

It is Newt Gingrich's fault.

[Huck]

The limit now stands at $5.95 trillion.

These kind of numbers are pretty meaningless without some context. How big is the annual Federal budget? Is there a benchmark or ratio to go by when assessing what the ceiling should be, or are we supposed to just go deeper and deeper in hock? I am not an economist, just a taxpayer. Any idea?

[Tuor]

The limit now stands at $5.95 trillion.

I hope people stop and look at this number. I could type it out with all the zeros, but I'd probably lose count and my wrists would get tired from typing out so many.

I don't care *what* people say about the deficit in the budget, the fact that we owe *that much money* is just...astonishing doesn't cut it...unbelievable is too trite...mindboggling, yeah, mindboggling.

I know that there are supposed to be reasons why this is a Good Thing, but on the face of it, the arguments all seem to fall short: the US owes a *lot* of money. A really, really lot of money.

Maybe we should ask our creditors to forgive our debt.

Tuor

[Thane_Banquo]

Here's an idea. Let's make all the welfare whores work for their money from now on, and then use the extra cash to pay down the debt.

And another idea: Let's make it a policy not to give foreign aid to any Arab country, since they only use it to destroy us.

[Patriotman]

after we vote

[sandydipper]

Maybe - just maybe the feds could quite spending money like it was growing on trees. eg all the "pork" projects - the money we give to foreign countries - salarys for MOG - grants to understand why frogs fart - on and hopelessly onnnn!!

[mjaneangels@aolcom]

Does this mean that we can no longer afford our UN dues? Ok with me, if that is the case.

[sneakypete]

Maybe Bubba Bush and his RINO pals could solve this problem by simply spending less? How about just cut out the hundreds of billions of dollars they will be giving corporate farms? That alone should do it for the time being,as well as maybe save us from being forced to run ethanol in our cars.

Ooops! I forgot Bubba Bush's full name,Bubba "Pander" Bush. Out-Dimming the Dims and buying votes with taxpayer money is all a part of his secret plan to win reelection.

[AmericaUnited]

A trillion here and a trillion there and next thing you know, you've got a hefty amount of debt...

[Nataku X]

I hate to show my ignorance, but what is the national debt? I know that it's very high, blah blah, interest payments are massive, but... what is it? Who are we paying for what?

[jonatron]

There was a man on the BBC who said the Dollar is expected to go down 20% in the next couple of years. Meanwhile O'Neil is on his way to Africa with the lead singer of U2, Bono.