America's Debt

[smoothie illusion]

America accumulated more debt in the past year of Obamas presidency then every other country in the world combined.

America is going down the shitter so fast

[Johan!]

Did you hear anything about a crisis going on? Almost every western countries accumulated more debt last year to bail out our fucked up banks etc.

[Max_Power]

it's true, it's the banks' fault. I wonder why we can't force them to pay our debt? I'm sure their christmas bonuses are more than what we can make in 20 years

[pawnshop-guitars]

Britain right now is so badly in debt no-one can quite work out how much by. Estimates I have heard range between £80 billion and £250 billion. we are fucked. Especially when you factor in the illegal war our two countries are fighting which is costing us millions every damned day.

[smoothie illusion]

Pssh 80-250 billion. Thatd be a happy day for the US. Our debt is...

13,080,607,098,753


13 TRILLION.

[Euterpe]

Does this shock anyone in America? If it does then I don't know why. But now just about every country will be spending money due to the oil spill.

I say shut the bitch off and make everyone walk, a lot of the world is fat anyways

[Max_Power]

Pssh 80-250 billion. Thatd be a happy day for the US. Our debt is...

13,080,607,098,753


13 TRILLION.

You can't blame the government for causing the economic crises. Remember, if the banks didn't give out mortgages to every person in america regardless of their ability to pay back, we wouldn't be in this mess at the moment. But then again, it's a vicious cycle, prosperity followed by recession, you can't have one without the eventual leading up to the other.

[Dr. Jack Daniels]

You can't blame the government for causing the economic crises. Remember, if the banks didn't give out mortgages to every person in america regardless of their ability to pay back, we wouldn't be in this mess at the moment. But then again, it's a vicious cycle, prosperity followed by recession, you can't have one without the eventual leading up to the other.

True. Yet because of Gov, it will never end. They are adding fuel to the fire, every damn day.

The government knew that they were doing it. Hell, they told banks to do it. And then they get mad at the banks because of their inaction/overaction.


how I wish to go back to the times when are gov was so small. in the year 1787. 

[pawnshop-guitars]

They're trying to stimulate growth, and essentially spend their way out of recession. Problem is, Europe has decided this is now a bad thing and we're all trying to cut back to reduce our deficits. Which means America is on her own and it won't work anymore.

[Max_Power]

everything is interconnected, we are all part of a larger organism. That's come star wars shit right there

[Dr. Jack Daniels]

They're trying to stimulate growth, and essentially spend their way out of recession. Problem is, Europe has decided this is now a bad thing and we're all trying to cut back to reduce our deficits. Which means America is on her own and it won't work anymore.

Europe is cutting back because it spent way too much and now is taking bailouts from America. I mean look at Greece. That's what America and the rest of Europe will look like in 5 years if we all stop spending.

But as you can see, the American gov. is too stupid to understand that we can't spend money we don't have. These damn bailouts are killing us. This health care bill will kill us. We don't have the money for all of this. We are spending/printing trillions of dollars, and it's hurting us. by 2014/2019, America will accumulate so much debt and so much inflation, we will never get out of it. If America falls, the world falls. And that goes the same for Europe. If Britain and Europe fall, America falls. China will fall as well. think about. if we can't pay China, then their shit is worthless. it's the economic domino theory. Although it's not really a theory, more like fact.

[pawnshop-guitars]

America isn't the only country bailing out Greece. It was the IMF, not America, that did it. But I do see your point. And right now China aren't doing themselves any favours by undermining their currency, but what the hell. Maybe the world needs it's currency fucked up so we start to value the proper things in life.

An interesting point to note is that there are 2 billion people who do not have access to clean drinking water, but these people could have been given it for 1/5th of the cost of the Iraq war. And that is only the cost of the ground conflict, not the aftermath. I find this statistic absolutely repulsive, and maybe it's high time the global economy shuts down. Then we can overthrow those who have ruined it, and create a fairer planet out of the chaos.

[Mr Fantasy]

Pssh 80-250 billion. Thatd be a happy day for the US. Our debt is...

13,080,607,098,753


13 TRILLION.

It increases 4 billion per day

[Dr. Jack Daniels]

America isn't the only country bailing out Greece. It was the IMF, not America, that did it

ya know, you're right. my mistake

And right now China aren't doing themselves any favours by undermining their currency, but what the hell. Maybe the world needs it's currency fucked up so we start to value the proper things in life.

China is going fall as hard as the rest of us will, it's inevitable, No matter how hard they try to delay it.

Right now, I think the damage is almost 80% irreversible. as I said, in another 4-6 years, it will be 100% irreversible.

[jplpool]

You've gotta hand it to the federal reserve.
Fuckin' genius's.