And how long will it take to pay off the $1.4 trillion deficit (not counting things that aren’t included in the ‘budget’)? That’s $1.4 trillion for ’09 alone. And less than half the size of the tax increase over the next 10 years.
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That would be 1.5 million trillion pixels. Final answer.
Which war is the “neverending” one? Iraq, which VP Biden said on 2/10/10 “could be one of the great achievements of this administration?” Or the Obama-approved war in Afghanistan?
And I guess cybercrime isn’t a very big deal if it only nets $25 million per year. That’s only about eight cents per US resident.
And all we are left with is change. I guess he kept his campaign promise!
You have to be joking. It will never ever be paid off.
What does it equal?
Screwed.
No problem. We aren’t to big to fail. No nation ever has been and no nation ever will be. You put the people that think we can’t fail in charge and don’t understand why the US has been the strongest and most successful nation on Earth for about a 100 years and failure is guaranteed.
What the adults of today are going to leave to their children is an economic disaster area. We are acting in a completely irresponsible manner and the wealth that previous generations created is going to be squandered long before this generation is gone.
The really sad news is that the wretched masses aren’t going to have a clue how to recreate that wealth because their idea of success is not hustling wisely and meritocracy.
Their idea of how to succeed is to make those that are productive support those that aren’t in the manner to which they have become accustomed and like Harriett Thacher said the problem with that is sooner or later you run out of other people’s money to cover the bills.
did anyone mention the interest rate??
Don’t worry, Wanta has close to $70 trillion waiting in a Nigerian bank somewhere.
Good thing the Democrats are socialists, otherwise all that money would have disappeared into the pockets of rich capitalists. Oh, wait…
The european aristocracy have operated this way for ten centuries, and if I’m not mistaken are still riding fat on the pigs back. Don’t worry about the money, it will be forgiven and forgotten, in the absence of peasants just keep the American middle classes fed- they’re the only people silly enough to work, settle bills and pay taxes. Everything is going to be alright, just KBO.
In the last 10 years we just went through the greatest transfer of wealth in history: Real wages and their buying power went down, the rich and super-rich got richer while they got a tax cut, which they piddled away in formerly illegal banking schemes like credit default swaps and closed their US plants in favor of cheap Chinese labor, putting Americans out of work. Then it all went poof when those banking schemes went bust since banking regulation had been lifted by the Republicans so that they were not required to keep any reserves to cover potential losses and soften the blow should a crash occur. Thank Phil Gramm (R-TX) for all of that.
#11 ggore:
Who deregulated the banks?
(Here’s a hint: They share the same name, but he’s not George Clinton’s brother)
#12 moondawg
George Bush? Are You Really Sure?
That’s funny because it was Bill Clinton that signed the Gramm-Leach-Bliley Act in 1999 that deregulated the banks.
Both Democrats and Republicans in Congress voted in favor of it in huge numbers.
Bush and Congress sat on their collective thumbs and did little-to-nothing.
Now if you have links that show otherwise, please provide them, all the references I can find all say Clinton…
#1–Skeptic==I think in USA a trillion is 1000 Billion and a Billion is 1000 Million meaning there would be One.Five Million pixels in the above query.
I think I heard once that in Britain a Billion, or was it a Trillion, was not defined that way. Maybe that a Billion was a million million? but then why wouldn’t a Trillion be a Billion billion?
Things like this make space probes hit planets rather than go into orbit. Words—I gotta tell ya.
25 million….amount stolen by cyber criminals? Waaaaaaay off, like two orders of magnitude off.
#15: Maybe they meant 25 mil per month. Whatever, it does sound crazy low.
how long to pay it off, about a half a week if confiscate all the bounses of all of corporate america
And how long will it take to pay off the debt? === Easy. Just consult your hyper-inflation curve, ie–it won’t be done by repayment in like dollars.
#9: “Good thing the Democrats are socialists”
Lol. No not even close. Of course, when the choice is between right-wing and righter-wing, it’s essential to overstate the differences to ensure that the tribe has some semblance of coherence.
I think the US government should have the treasury print off 15 special issue $1 Trillion dollar bills, featuring Curly from the Three Stooges as the picture.
And then give these $1 Trillion dollar bills to China and the other countries we owe shitloads of money to.
Debt paid.
And then, just have the government print out a shitload mountain of $1 Trillion dollar bills and give them to everyone.
Sure your retirement plan and stock values would be worth crapola, but at the same time think about how much more confident people would be in the economy.
All the fear would be gone because people would be too confused and perplexed trying to figure out WTF was going on!