U.S. Debtclock Update
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It's now over $12 TRILLION...that's $12,000,000,000,000+
Total liabilities are now over $106 TRILLION...that's $106,000,000,000,000...Under this, the largest amount by far is medicare/medicaid which is seemingly either going to have cuts (causing the liabilities to go even higher), or expanding it to others as an option (placing more people on it, raising it higher as well).
I really want to know how this is sustainable. Can anybody explain how it is sustainable? I want to hear it.
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zbrown;295542 wrote:
how come i keep hearing on how we are fixing the un-financially sound practices of the last 8 years then??so either you are lying or the current administration is lying.... and there is no way they would do that
It is not sustainable. No argument from me there.
However, if you want to look at Federal Debt vs GDP, one only needs to look at this chart to see where the arguments begin that the practices of the former President (GWB) reversed what was working under his predecessor.
Yes, I borrowed that chart from this article in wikipedia: http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms but at least it has the sources listed to back up it's data....whereas the usdebtclock.org basically uses (from what I can gather from a brief bit of research on numerous sites....thanks google...) flash video players to play a movie showing the debt and isn't sourcing it from anything tangible. Now, it may be close to accurate, but to say it is gospel is crazy.
This guys sums it up better than me:
http://www.charlestonfinancial.net/us-debt-clock/ wrote:
Everyone completely disregards that this website does not disclose its source for information. When you look at the registrant info, its all private..hmmmm? suspicious? Well when you look at the source code, its just a bunch of flash videos playing?codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,0,0" height="21" width="209">
<param name="movie" value="mxnumbers/SpendingMx.swf" />
<param name="quality" value="best" />
<param name="play" value="true" />where is the data come from? Am I the only one who has web common sense here. does everyone just believe everything they see on the internet.
Posted by Chris, 09/08/2009 7:21am (4 months ago)Again, I'm not saying that spending isn't out of control <u>(It is clearly out of control)</u>, just stating that without a verifiable source it is merely guesstimating and I'm pretty sure the CBO and Census Bureau aren't exactly updating their files every second or so to tabulate the actual debt.
Is the site a tool/gauge? Sure. It is probably really close to accurate, but the numbers spinning up wildly is based on predicted and not actual numbers.
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zbrown;295542 wrote:
so either you are lying or the current administration is lying.... and there is no way they would do thatstart a list of lies told by presidential administrations?
ill start:
we are winning the war on terror
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I will not raise taxes on the middle class?
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StangerBanger96;295554 wrote:
I will not raise taxes on the middle class?i think that could be said for just about every politician ever
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StangerBanger96;295554 wrote:
I will not raise taxes on the middle class?With the exception of a tax on cigarettes, it doesn't look like he has increased taxes on the middle class. Is it a promise broken or a poor choice of wording in his original promise? Depends which side of the aisle you are on I guess.
http://www.politifact.com/truth-o-meter/promises/subjects/taxes/
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I'll say this though....arguing if Bush was right/wrong is pointless now. All we can really do is look at the things that did work vs the things that didn't work and fix/eliminate the things that didn't work and keep those that do.
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Trafik Jamz;295561 wrote:
I'll say this though....arguing if Bush was right/wrong is pointless now. All we can really do is look at the things that did work vs the things that didn't work and fix/eliminate the things that didn't work and keep those that do.i wasnt singling anyone out they ALL fibbed. have you read some of the garbage about vietnam? ww1? who killed kennedy? anyone know what the definition of is, is?
point is saying an administration is not being honest is a pretty baseless accusation because thats the nature of politics. contain, diffuse, disseminate, maybe get reelected.
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24valvenotak;295563 wrote:
i wasnt singling anyone out they ALL fibbed. have you read some of the garbage about vietnam? ww1? who killed kennedy? anyone know what the definition of is, is?point is saying an administration is not being honest is a pretty baseless accusation because thats the nature of politics. contain, diffuse, disseminate, maybe get reelected.
This I can agree with.
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This post is deleted!
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zbrown;295586 wrote:
Yeah Chuck.... why doesn't the graph go through till 2010??could it be because the graph doesnt go that high?
obama conspiracy.. one more step to erecting a statue of himself on the lawn of the great white (soon to be painted black) house, duh.
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