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[h=1]US National Debt Clocks[/h][h=3]Who Did It, and Why?[/h]As the clocks below tell us, the debt it still out of control. But to see when and why this started, you might want to click the graph at the right and watch the YouTube debt video. Or get this graph and much more on zFacts' New App (with no ads).[h=3]We Are in Danger! ... but Not from the Debt[/h]The danger is from the Great Recession that has cost America 10 million jobs. The debt frenzy is making that worse. Take a look (in the graph) at how the debt skyrocketed during World War II. That's how weended 12 years of Great Depression. This time it's tougher because Reagan and the Bushes ran the debt much higher in good times than it was at the start of WW II. But as Reagan understood, cutting government spending in a recession only makes it worse. Yes, we must pay down the debt, as Clinton was doing, but not while 17 million are out of work. ... more
Some Debt Facts:
[h=3]How Do the General Fund and the Trust Funds Get their Money?[/h]The General Fund: All personal and corporate income tax.
Social Security Trust Fund: Payroll taxes on wages up to $113,700 (as of 1/2013).
Medicare: Payroll taxes on all wages.Thanks for all the "Likes" and "Shares" — a real help.
HoverNotes
Mt TamWhy we should price carbon. The solving the climate problem requires cooperation, and caps just cause bickering. A common global price is the only way change self interests and gain cooperation.
National Debt
National Debt
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[h=1]US National Debt Clocks[/h][h=3]Who Did It, and Why?[/h]As the clocks below tell us, the debt it still out of control. But to see when and why this started, you might want to click the graph at the right and watch the YouTube debt video. Or get this graph and much more on zFacts' New App (with no ads).[h=3]We Are in Danger! ... but Not from the Debt[/h]The danger is from the Great Recession that has cost America 10 million jobs. The debt frenzy is making that worse. Take a look (in the graph) at how the debt skyrocketed during World War II. That's how weended 12 years of Great Depression. This time it's tougher because Reagan and the Bushes ran the debt much higher in good times than it was at the start of WW II. But as Reagan understood, cutting government spending in a recession only makes it worse. Yes, we must pay down the debt, as Clinton was doing, but not while 17 million are out of work. ... more
| Debt or Savings | In the last 55 secs. | |
| Borrowed by the General Fund | – $ 17,432,630,163,077[SUP]*[/SUP] | $ 1,776,400 |
| Saved in Social Security Trust | + $ 2,765,329,043,740 | $ 70,843 |
| Saved by other Gov. Trust Funds | + $ 2,218,581,308,342 | $ 106,265 |
| Debt Owed to the Public | $ 12,448,719,810,994[SUP]†[/SUP] | $ 1,599,291 |
| *Gross National Debt ♦ †Debt Held by the Public ♦ Debt Clock Source Data |
Some Debt Facts:
- Social Security is $2.7 trillion in the black (Nov 2012). In 2010 it ran a $90 billion surplus.
- Clinton reduced the debt as a percent of GDP.
- G. W. Bush restarted the deficits with tax cuts tilted toward the rich, and then continued with Medicare D, two wars and more.
- Red ink hit a peak rate of $1.1 trillion in 100 days just before Obama was elected.
- Obama's stimulus was only $0.8 trillion.
- Only $1.2 trillion is owed to China (11/2012).[1]
- For more facts, get the VoteFacts! App.
[h=3]How Do the General Fund and the Trust Funds Get their Money?[/h]The General Fund: All personal and corporate income tax.
Social Security Trust Fund: Payroll taxes on wages up to $113,700 (as of 1/2013).
Medicare: Payroll taxes on all wages.Thanks for all the "Likes" and "Shares" — a real help.
HoverNotes
| ended 12 years of Great Depression: No it was not the devastation of Europe that helped. This is a crazy story made up by Republicans. But (1) We pulled out as we started building the Pentagon, which was before Pearl Harbor, and before the devastation of Europe. (2) It was GM building military trucks and tanks, etc. that did it. Take a look. |
| General Fund: What is the General Fund? It's the main federal government fund, and its big expense is the military. Then there are the trust funds (Highway, Social Security, etc.). On average the trust funds have extra money that they are loaning to the General Fund, so a lof of the debt is owed to the trust funds. |
New App:
|
| Debt or Savings: What Is "Total Debt or Savings"? The national debt (total accumulated debt) is the sum of all the annual deficits less any surpluses. The "deficit" is one-year's shortfall. This shortfall must be made up by borrowing. But the Social Security Trust Fund and other government trust funds are not in debt. They have trillions in savings and the General Fund (which has the total debt, borrows from them). |
| secs: What determines the speed of the clock? Some days the debt actually goes down, and others it goes up extra fast. No one knows what it will do on any given day, so we just show it increasing at its average rate, because that's the best guess. |
| Owed to the Public: AKA Debt Held by the Public is the amount of Treasury Bills and Bonds that have been bought by American citizens and companies and by foreigners. The rest of the debt is owed by the General Fund to other government Trust Funds that have run a surplus. Note that since America mainly borrows from Americans, the debt is mostly owed to Americans. |
| 1: From CNN July, 2011. |
| HoverNotes: Just hover over green-underline links above to see the "hover" notes. |
National Debt
National Debt
I'll post this here rather than make a new thread for it
Subject: Fw: Almost There - Only 3 states left!
Just 3 states short
This is what Mark Levin has been talking about
A constitutional convention by the states to get back to the law of the constitution.
This will take less than thirty seconds to read. If you agree, please pass it on. I believe this is an idea that we should address.
35 STATES SO FAR ... IT'S GROWING!
One message to forward.
Governors of 35 states have filed suit against the Federal Government for imposing unlawful burdens upon them. It only takes 38 of the 50 states to convene a Constitutional Convention.
For too long we have been too complacent about the workings of Congress. Their latest stunt is to exempt themselves from the Affordable Care Act (ObamaCare) that they passed, in all of its forms. Somehow, that doesn't seem logical. We do not have an elite ruling class that is above the law. I truly don't care if they are Democrat, Republican, Independent, or whatever. The self-serving must stop.
If each person that receives this will forward it on to 15 people, in three days, most people in The United States will have the message. This is one proposal that really should be passed around.
Proposed 28th Amendment to the United States Constitution:
"Congress shall make no law that applies to the citizens of the United States that does not apply equally to the Senators and/or Representatives. And, Congress shall make no law that applies to the Senators and/or Representatives that does not apply equally to the citizens of the United States ."
You are one of my 15 (or more). Please keep this going.
Judy Briggs
District Clerk
Choctaw County SWCD
662-285-6250
Fax: 662-285-3603
judy.briggs@ms.nacdnet.net
Subject: Fw: Almost There - Only 3 states left!
Just 3 states short
This is what Mark Levin has been talking about
A constitutional convention by the states to get back to the law of the constitution.
This will take less than thirty seconds to read. If you agree, please pass it on. I believe this is an idea that we should address.
35 STATES SO FAR ... IT'S GROWING!
One message to forward.
Governors of 35 states have filed suit against the Federal Government for imposing unlawful burdens upon them. It only takes 38 of the 50 states to convene a Constitutional Convention.
For too long we have been too complacent about the workings of Congress. Their latest stunt is to exempt themselves from the Affordable Care Act (ObamaCare) that they passed, in all of its forms. Somehow, that doesn't seem logical. We do not have an elite ruling class that is above the law. I truly don't care if they are Democrat, Republican, Independent, or whatever. The self-serving must stop.
If each person that receives this will forward it on to 15 people, in three days, most people in The United States will have the message. This is one proposal that really should be passed around.
Proposed 28th Amendment to the United States Constitution:
"Congress shall make no law that applies to the citizens of the United States that does not apply equally to the Senators and/or Representatives. And, Congress shall make no law that applies to the Senators and/or Representatives that does not apply equally to the citizens of the United States ."
You are one of my 15 (or more). Please keep this going.
Judy Briggs
District Clerk
Choctaw County SWCD
662-285-6250
Fax: 662-285-3603
judy.briggs@ms.nacdnet.net
