The National Debt Clock

#2
#2
By the way since we hit the 16 trillion mark last week we have already added over 3 billion to the debt and almost to 4 billion.
 
#3
#3
Oh and do the time clock thing on the top- far right....it's a blast.

Projects the debt to be in 2016 over 23 trillion.
 
#10
#10
TheDeeble said:
Partisan hypocrites annoy me. Democrats are forgiving Obama for things they railed against Bush on.
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If I were Romney, I would have this in every single Ad.

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a Sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. ...Increasing America’s debt weakens us domestically and internationally. Leadership means that 'the buck stops here'. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and Grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

SENATOR BARACK HUSSEIN OBAMA, MARCH 2006
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#11
#11
PKT_VOL said:
If I were Romney, I would have this in every single Ad.
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didn't you get the memo? Anything that Obama did and said before he became President is irrelevant, besides, it's easier to blame George W. Bush.
 
#12
#12
Cut all government departments across the board by 10 percent, including defense, adopt entitlement reform as agreed to by Boehner and Obama last summer, eliminate Bush tax cuts on those making over $1 million a year, and tax capital gains as normal income.

Problem solved.
 
#13
#13
lawgator1 said:
Cut all government departments across the board by 10 percent, including defense, adopt entitlement reform as agreed to by Boehner and Obama last summer, eliminate Bush tax cuts on those making over $1 million a year, and tax capital gains as normal income.

Problem solved.
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return to FY 2008 budget levels and cut 10% from that point, then freeze spending for 10 years, pass a Balanced Budget amendment

institute a flat 15% tax at all levels of income (including capital gains), eliminate all deductions, exemptions and credits, end employer withholding of income tax.
 
#15
#15
MG1968 said:
return to FY 2008 budget levels and cut 10% from that point, then freeze spending for 10 years, pass a Balanced Budget amendment

institute a flat 15% tax at all levels of income (including capital gains), eliminate all deductions, exemptions and credits, end employer withholding of income tax.
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But but but but.........we would have to fire the IRS! Shrink Gov't......Barry would NEVER go for that!
 
#16
#16
The problem for Romney in running the debt clock in his ads is obvious.

Paul-ryan-470x376.jpg
 
#17
#17
MG1968 said:
return to FY 2008 budget levels and cut 10% from that point, then freeze spending for 10 years, pass a Balanced Budget amendment
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Good start.

MG1968 said:
institute a flat 15% tax at all levels of income (including capital gains), eliminate all deductions, exemptions and credits, end employer withholding of income tax.
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Fair tax is better.
 
#19
#19
What's amazing to me is we have a bunch of people claiming all these good ideas, then vote in the next status quo guy they know good and well won't do any of it. But hey, a vote for a Johnson or Paul is a wasted vote.

Definition of insanity.
 
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#20
#20
PKT_VOL said:
Good start.



Fair tax is better.
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the Fair Tax would definitely be better but part of that process would involve a Constitutional amendment to repeal the income tax, which is not likely to happen in our lifetimes
 
#21
#21
MG1968 said:
the Fair Tax would definitely be better but part of that process would involve a Constitutional amendment to repeal the income tax, which is not likely to happen in our lifetimes
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I honestly don't think there will be any actual tax reform in our lifetimes. They'll talk about it, but never do anything with it.
 
#22
#22
lawgator1 said:
Cut all government departments across the board by 10 percent, including defense, adopt entitlement reform as agreed to by Boehner and Obama last summer, eliminate Bush tax cuts on those making over $1 million a year, and tax capital gains as normal income.

Problem solved.
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That is too simple of a solution LG.
Washington like complicated garbage.
 
#24
#24
TheDeeble said:
Bush did and Obama did.

The net interest on debt is scary to me. At what point will that number become unmanagable?
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Either when US bonds are no longer purchased on the bond market and/or the government prints money to cover all our obligations and/or the debt-to-GDP ratio becomes untenable. Currently the USA is around 105% and growing at 8.5% a year. For comparison, Greece is at around 160%.
 
#25
#25
McDad said:
Either when US bonds are no longer purchased on the bond market and/or the government prints money to cover all our obligations and/or the debt-to-GDP ratio becomes untenable. Currently the USA is around 105% and growing at 8.5% a year. For comparison, Greece is at around 160%.
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I agree in principal. Our one advantage )compared to Greece) is that if the USA crashes, so does the rest of the world.
 
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