Author Topic: USA Dept (Read 4993 times)

Camo · « **on:** August 03, 2011, 02:05:17 PM »

Check this out gang

http://usdebt.kleptocracy.us/

And check out the http://www.usdebtclock.org link while your at it

Thanks VO for the link

mick · « **Reply #1 on:** August 03, 2011, 08:03:27 PM »

informative but it ruined my day all the same

Vette Obsessed · « **Reply #2 on:** August 03, 2011, 08:12:00 PM »

I'd be curious to see the same thing with our national debt since Rudd & the redheaded backstabber took over from where John Howard left off. :shake:

bfit · « **Reply #3 on:** August 04, 2011, 09:31:36 AM »

the Problems in the US are not finished, there is far more S__t to come.
As for Us here
Federally both the liberal and labour governments have to answer for squandering the profits gained form the minerals boom
The so called boom has been going for over to decades and will keep going for a few more.

The NSW Labour government tossed way that much money they could not run a balanced budget.
In a state the lives on the back on the mining industry
there is so much money going to governments in the form of royalties tax payroll tax rents etc form mining that is is very different to imagine how they sound spend it all.
But when the cupboard is bare.
I firmly believe our governments could not run a house of ill repute and and a profit.
( my opinion )
Bfit

MADVET · « **Reply #4 on:** August 06, 2011, 03:29:30 PM »

The population of the US is aprox 312million. So all they need to do is each person chips in $367,000 and the problems solved.

Seriously though with no end in sight and getting worse by the day this can only end in an inevitable disaster.:tear:

bfit · « **Reply #5 on:** August 06, 2011, 03:56:45 PM »

The USA and those countries in the wrong end of the euro
are going to bring the world to its knees

I am optimistic and I can not see anything good happening in the next few years

Any one who has a mortgage should seriously look at income insurance
I may be pessimistic .

Here in Australia we will not be effected as bad as some countries.
But is you are one of those who looses their job that is no comfort.

I remember well the recession we had to have
Whats coming will not be any better than that
interest rates of 18% REMEMBER

I will be quite happy if I am proven wrong!
Bfit

Vette Obsessed · « **Reply #6 on:** August 06, 2011, 08:46:29 PM »

Something I got from another site:

"If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand." - Dave Ramsey

I have to agree with both you guys, things worldwide are going to get a lot worse before they get better.

bfit · « **Reply #7 on:** August 07, 2011, 11:00:01 AM »

Now the US is rated a AA risk
that's a laugh

The only thing the US has going for it is that there is really no alternative for a base currency
that's the up side
the down side is that they will drag every one down with them

The sad face it that Australia is following the US
On a smaller scale

If we did not have coal and iron ore
we would already be rated at third world status

saving here are getting under cointroll
credit is on the reduction in the households.

How ever our governments in Australia do not really want to get the unemployment down further.

the tax policies are counter productive

Rater than collect reasonable tax from employment
they just keep adding taxes to business.
And get at the worked with in direct taxes
There is No incentive to small business to grow and employ more people.

IN fact the opposite is ripe, like America we are exporting our companies and the profits
And eventual our standard of living.

Our gran children will suffer the consequences.

I better stop there.
Bfit