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| US Debt 1790 to 2011; In one little chart | |
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| Topic Started: Nov 19 2012, 01:43 PM (505 Views) | |
| Zechariah | Nov 20 2012, 12:38 AM Post #11 |
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Zechariah
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Well sister, they say they'll not put a ceiling on debt, lol.
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| VoiceofReason | Nov 20 2012, 12:42 AM Post #12 |
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I know. And really, they can't because of financial obligations. Heck, with QE run amuck, wars left and right, who can forecast future debt? |
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| Zechariah | Nov 20 2012, 12:51 AM Post #13 |
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Zechariah
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It's an runaway greight train.
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| VoiceofReason | Nov 20 2012, 12:57 AM Post #14 |
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Then again.... If the Social Security Administration held gold instead of US Treasury bonds or whatever, we'd stand a chance. Along with spending cuts, and tax changes for businesses, of course. Edited by VoiceofReason, Nov 20 2012, 01:08 AM.
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| Zechariah | Nov 20 2012, 01:00 AM Post #15 |
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Zechariah
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Hahahaha, what gold?
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| VoiceofReason | Nov 20 2012, 01:10 AM Post #16 |
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Lots of countries have been buying gold since the US economy started circling the drain. I didn't hear that the US did the same. Did they buy it all up?
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| Snidely Whiplash | Nov 20 2012, 03:05 AM Post #17 |
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It's accounting folks. If america eliminated all debts, the negatives, on one side of the equation, what does that do to the other side of the equation where you have dollars in your account or banks loaned you the dollars for your house? |
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