So Obama released his budget for the next year. If it passes as is the national debt is projected to end up at $30 Trillion.

Riddle me this darksiders. If I gave you $22 Trillion (it was 8 when he took office) do you think you could prop up the economy?

And does anyone think we are going to pay it off?? And if not what? Default? What are the other options?

Or just double it again over the next 8 years? I really don't see either the R's or D's cutting back to start paying it off so just keep printing money?

And as a nation we can't afford any capital improvement or chip away at any of the NP backlog??

And why is there not a single peep during this election cycle? When Reagan upped it to $1 trillion that was pretty much the entire debate.

I'm no economist as this crap always makes absolutely no sense to me so I'm interested in what, if any, impact this has on the future US economy.

And finally with $22 Trillion being printed over the last 8 years how in the hell have I not gotten one single dime .

US Debt Clock

You're not supposed to point out that obongo sucks hindtit at least as bad as Bush and in most cases much worse. But the solution is simple....print more money and keep kicking the can down the road.

This is what Rich and Ron Paul have been beating into our skulls for years..... The financial cliff is upon us...

http://thegreatrecession.info/blog/defic...year-president/

Fish on...

Todd

It's past the point of no return. Pretty sad.

In before Rich G.

2.8 trillion in NEW f'n taxes.

J F C, is this SERIALLY the legacy he wants to leave behind?

For those who have never seen it....

http://www.peakprosperity.com/crashcourse

Spend more than a few minutes on these videos. A thinking man can't stop at just one.

This liar in Chief makes Carter look Mensa like. What's three thousand Billion amongst friends.

Little perspective:



Let’s Measure a Trillion in Time

How Long Ago Is a Trillion Seconds?


If you count backward, then:
1 million seconds = 12 days ago
1 billion seconds = 31 years ago
1 trillion seconds = 30,000 B.C.
(give or take a decade or two)

Let’s Measure a Trillion in Height

How high is a trillion in $1000 bills?


If you stack a trillion-worth of $1000 bills together, then:
1 million dollars = 4 inches high
1 billion dollars = 364 feet high
1 trillion dollars = 63 miles high
(give or take a foot or two)
Note that this is a STACK, not laid end-to-end.

I couldn't fix the economy, but if you gave it to me in one's, I could make 5 stacks that are high enough to reach the moon

Change you can believe in.

So looking at Todd's chart it's not the $20 trillion that's the problem it's also that GDP is tanking at the same time. So if GDP grows relative to debt like it did in the '50-'80s we'll all be good. Got it!

I like to think of a trillion dollars like this. 999,999,999,999+1=1 trillion.

Just starting counting backwards, you'll get there in 30,000.00 BC.

The article Todd linked points out that, regardless of how the lower 95% make out, both parties cater to the needs of the richest Americans. That should make it abundantly clear who makes the vast majority of campaign contributions, who is effectively setting policy, and ultimately, who is to blame for the debt/GDP ratio. They're just doing what they're told, people.

This.

Fish on...

Todd

So does that "J" shape curve begin with the Bush Administration or Citizens United?

As I look more and more at what the average job pays, and what that income will get me in the local economy, I realize more and more why young people are flocking to Bernie's message. Throughout history most generations can look forward to a life that is better than their parents. I am not sure for most in our country that this will be the case.

A two year degree in drafting technology, even today, can land you a hell of a career.

We are paying very well for fresh out of school drafters, but, knowledge of the software is a must...

You could not be much more wrong about that. I earn something close to that figure, with better benefits than most, yet my family lives virtually paycheck to paycheck, and my home is very humble. I think some of you guys are thinking in terms of what consumer goods and college cost 20 years ago (which was about half what they cost now). Also of note is that salaries have increased very little since the 1970s, relative to the rate of inflation. Like the Paul Simon song says, you were "born at the right time."

I'm not complaining... Hell, I live better than about 97% of the rest of the world. I'm just saying that I don't live like my parents did. We do have a lot more phones than my parents did. Of course, the bill is 5x as much....

this is the rub... how much more are we spending now on technology and entertainment that wasn't even around then?

just for starters:

65 for Internet
90 for TV
125 for 2 phones
10 for netflix
10 for hulu
??? going out

Good for you (really!). I suppose it doesn't help that I'm a complete idiot with money, just like my Dad was....