US national debt.

[Oceans11]

The ultimate credit card

http://www.toptips.com/debtclock.html

That'll do nicely sir.

(good job its not at 14% credit card rates)

@ 5% p.a.

$353,970,199,000 interest p.a.

for 250 million people

Gives us $1,215 interest p.a.
and about $28,300 capital per person

Not too bad really.
Looks like the system won't go belly up in my lifetime anyway.

Debt starts to cripple you when the capital element gets to about 4 times your average salary.
Average US GDP is about $33,000
Which gives us ~$120k

Party on dudes.

[This message was edited by eek on March 08, 2004 at 07:47 AM.]

 

[Sodium Pentethol V]

Go take that econ 101 class you would be well served.

Or mybe we should just not allow the world's largest consumer to ever borrow? Maybe go for two decades of economy crippling deflation like the japs.

I love your obssession with the national debt, shows either you are a completely agenda ridden malcontent or very stupid,

your choice.

 

[jointpleasures]

Maybe if we would break the legs of countries who don't pay off the loans. But no, that would not be right, it's OK of you owe fifty grand to the man and don't pay, but not if you owe billions to a country. Double standard and America continues to be taken advantage of.

 

[D2bets]

Conservatives used to be against deficit, national debt. Oh how things have changed. Many so-called liberals are more conservative than many of the conservatives these days. Chew on that one.

 

[jointpleasures]

Your right in the fact that the demis spend money but the conservative party, invests the taxpayers money realizing the return on investment is grander. Using money in hopes of getting a return on your investment while at the same time lowering the tax burden on the 50 percent of the population that must pay an income tax, is a prudent move.

 

[hansenbros.]

eek is very stupid.

first Iraq, then France

 

[Sodium Pentethol V]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Conservatives used to be against deficit, national debt <HR></BLOCKQUOTE>

Yo man try waking up and joining us here in the 21st century, you know the one that was precipitated by Reaganomics.