Sobering thoughts on the national debt

[Bailey Guns]

If Congress were to cut $6 billion every three weeks for the next 36 weeks, it would manage to save between now and late November as much money as the Treasury added to the nation’s net debt during just the business hours of Tuesday, March 15.

You can read the rest of the (very short) article HERE. We will NEVER be able to repay $14+ Trillion dollars. I think few people can even comprehend how much that is...I know I can't.

[Mazin]

Yep we're screwed. Thanks for the hope and leaving us with a lil change.

[patrick0685]

ya i cant comprehend that number

[Mtn.man]

We have thrust our grandchildren in to peonage.

[Hoosier]

Dramatically cut spending (including military) and raise taxes. Or, just deflate the dollar to the point where $1T tomorrow = $1B today. Weee!

http://en.wikipedia.org/wiki/Nationa...idential_terms

Also note the value for inflation keeps increasing. We can keep blaming the President or politicians in congress, but in reality we (and by that I mean people who were old enough to vote since the 80's) haven't had the balls to really elect leaders who were serious about the debt.

I remember seeing a Google Video posted here a while back, which was Reagan before his Presidential bid waxing on about the horror of national debt. Seems ironic, given the facts.



H.

[Bailey Guns]

I'm past the point of playing the blame game. I don't care who did it...I want it stopped and fixed.

And you're absolutely right...no one has the balls to do what it takes. I'm looking at the number of Tea Party backed candidates that voted for this nonsense yesterday...DISAPPOINTED!!!

[Hoosier]

And you're absolutely right...no one has the balls to do what it takes. I'm looking at the number of Tea Party backed candidates that voted for this nonsense yesterday...DISAPPOINTED!!!

I haven't really been convinced the Tea Party is about tax issues since they don't like Ron Paul. He's the only congress critter I've seen that actually walks the walk on budget items.

I'm pretty sure a large portion of Tea Party members are only there to protest the Kenyan born sekret Muslim that scammed his way into the White House.

H.

[Elhuero]

I'm pretty sure a large portion of Tea Party members are only there to protest the Kenyan born sekret Muslim that scammed his way into the White House.

H.

LOL

[tmckay2]

i am in no way making excuses for scum bag politicians, but the simple fact is even if they do honestly want fiscal responsibility and to fix the debt, its impossible. you need to have both the president and congress in complete control and have enough people agree on the severity of the issue. thats impossible for people who are rich and are paid by the tax payers. they don't live in reality. when you have a mixed bag of power like now and during part of reagan's term, its not possible to get SERIOUS changes done because you have to compromise on everything. compromise usually means failure for everyone in my opinion. with two parties you simply can't get enough big time things done to turn this ship around. we are seriously 100% f'ed.

[mcantar18c]

you need to have both the president and congress in complete control

So in other words George Soros is the only one that can save us now.
When ya put it like that ya may as well just give up here and now.