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US Debt 1790 to 2011; In one little chart
Topic Started: Nov 19 2012, 01:43 PM (505 Views)
Zechariah
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Zechariah
Truthie
Nov 19 2012, 11:56 PM
zecharia
Nov 19 2012, 10:10 PM
America cannot ever relieve itself of debt. The system is designed to pile debt on top of debt.
It is. And it needs to not be the case.
Well sister, they say they'll not put a ceiling on debt, lol. ^o)
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VoiceofReason

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
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Zechariah
Truthie
Nov 20 2012, 12:42 AM
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?
It's an runaway greight train. :ermm:
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VoiceofReason

zecharia
Nov 20 2012, 12:51 AM
Truthie
Nov 20 2012, 12:42 AM
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?
It's an runaway greight train. :ermm:
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
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Zechariah
Hahahaha, what gold? :D
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VoiceofReason

zecharia
Nov 20 2012, 01:00 AM
Hahahaha, what gold? :D
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
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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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