This Is One Scary Clock

[firstdown]

I have never seen this before and its scary to watch.

U.S. National Debt Clock : Real Time

[firstdown]

Actually I have seen a dept clock before just not one that breaks it out in details like this.

[tryfuhl]

Originally Posted by firstdown

Actually I have seen a dept clock before just not one that breaks it out in details like this.

The Times Square Debt Clock - TIME

[KLHJ2]

Another boogeyman in the closet.

[Schneed10]

Originally Posted by Angry

Another boogeyman in the closet.

Except this one is real, and:

- is a major contributing factor in inflation

- is a major contributing factor to rising costs of borrowing money (interest rates go up)

- is the primary contributing factor to reduced yields on short term investments, such as money market funds

Governmental spending is the proximate cause of all of this and must be curtailed or the piper will come calling in the form of much higher taxes.

[Slingin Sammy 33]

Originally Posted by Angry

Another boogeyman in the closet.

Except this one is real and has been put into over-drive by the current Administration's budget.

Bush = $ 500B deficit, pretty damn bad

Obama = $ 1.6T deficit (at a minimum), really, really, damn bad.

[redskinjim]

Originally Posted by Slingin Sammy 33

Except this one is real and has been put into over-drive by the current Administration's budget.

Bush = $ 500B deficit, pretty damn bad

Obama = $ 1.6T deficit (at a minimum), really, really, damn bad.

if anybody remembers what happened to the russians after they left afghanistan.they were broke from all the military spending to conduct all their wars and compete against us in the cold war.All that money we spent in the last 6 months to bail out the big banks could have been given to the people to pay down those bad mortgages so people would not leave that house and there would be no need to forclose.But the system is corrupt and broken with few chances of repair.FOOTBALL AND BEER TO ALL AMEN

[CRedskinsRule]

or for those iphone aficionados:

there's an app for that:
National Debt Clock - iPhone Apps, iPhone 3G apps and iPod touch Applications Gallery appsafari.com

[KLHJ2]

Let me guess, you guys are afraid that the Chinese are going to enslave you when they come to collect the money that we owe them?

Shit, I should be afraid to cross the street too huh?

[Slingin Sammy 33]

Originally Posted by Angry

Let me guess, you guys are afraid that the Chinese are going to enslave you when they come to collect the money that we owe them?

Shit, I should be afraid to cross the street too huh?

I couldn't care less about the Chinese as long as we have smarter, better weapons. However, I do worry about a serious tax increase and the financial burden being placed on my son, nephew, niece and eventual grand children. What is so wrong with the government only spending what it has to spend (Balanced Budget Ammendment). Did you look at the "Interest on the Debt" item, take that away and we can provide health insurane vouchers for millions of people (or smarter, better weapons like killer satellites).

[Hog1]

Originally Posted by Angry

Let me guess, you guys are afraid that the Chinese are going to enslave you when they come to collect the money that we owe them?

Shit, I should be afraid to cross the street too huh?

Still have checks in the checkbook? Must be ok to keep on writing them, right?

[KLHJ2]

Originally Posted by Hog1

Still have checks in the checkbook? Must be ok to keep on writing them, right?

Don't use checks anymore. I know how to balance my budget, bank account, and mattress. I see the national debt is not preventing you from writing personal checks though.

[CRedskinsRule]

Originally Posted by Angry

Let me guess, you guys are afraid that the Chinese are going to enslave you when they come to collect the money that we owe them?

Shit, I should be afraid to cross the street too huh?

Nah, we will just follow California's example and just give iou's, I am sure China will hold them in good esteem. Did you not notice when China was pushing to get the dollar replaced as the world currency, why do you think they want that? just being silly i guess.

[Schneed10]

Originally Posted by Angry

Let me guess, you guys are afraid that the Chinese are going to enslave you when they come to collect the money that we owe them?

Shit, I should be afraid to cross the street too huh?

Said the guy who knows squadoosh about economics.

[KLHJ2]

Originally Posted by Schneed10

Said the guy who knows squadoosh about economics.

Even the guys that know about economics don't know squadoosh about economics.

Edit: You are right I know less than most. At this time I am just going to refrain from making any more comments about the world financial clock, our national debt or economics. Ignorance is bliss and at this point this stuff doesn't scare me. Maybe it should but honestly I don't care.