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Projected Debt Of $10 Trillion

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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 09:33 AM
Original message
Projected Debt Of $10 Trillion
Watching C-Span yesterday one of the interviewees noted that the projected Federal debt will reach $10 Trillion dollars by the end of Bush's Presidency.

Ten Trillion Dollars, the total of accumulated debt by this country in its over 200 year history.

$8 Trillion Dollars of that debt was incurred during the reign of President's Reagan, Bush-1, and the continued abuses of Bush-2.

80% of the entire debt racked up by this country in over 200 years.

That's what you get when you allow Republicans to take office. The party of cut-taxes-and-spend-like-the-dickens.

Point this out to your neighbors. Ask them how they feel about it.

I do not even know how many zeros there are in a trillion to figure out how much debt per person that comes out to but it would be an awfully interesting figure. If there will be about 300 Million people in the US I believe that would come out to about $33,000 per person. That would mean that between Reagan, Bush, and Bush contributed about $26,400 for every man, woman, and child in the US.
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niallmac Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 09:39 AM
Response to Original message
1. For all my past sniping at Bill Clinton
I would gladly have him again as my President if he could again cut our deficit.
He could have sex on the White House lawn and cozy up to the DLC for
eight years for all I care if only the deficit could be controlled.
Financial collapse can really put a damper on your future.
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Toots Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 09:51 AM
Response to Original message
2. Right now our Deficit Spending is over $100,000.00 per SECOND
A Second, every single second we are spending (beyond our means) $100,000.00. Hell we are spending more than a half million a minute just on Interest on our debt and that is rapidly rising as do Interest Rates. Since Bush* was selected in 2004 interest rates have gone up seventeen times. The Federal Reserve has done that. Think how that effects our Debt..We really need a Ross Perot to get out there with his infomercials explaining this to the American people because apparently they don't "get it". Over a Hundred Thousand Dollars a Second in DEFICIT Spending What could your community do with an hour or so of this money. We are spending over a $100,000.00 a Minute on the Iraq Occupation. That amount alone would buy every homeless person in the USA a house forever...
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magellan Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 09:51 AM
Response to Original message
3. Interesting
I just did a quick look and it seems a brand new 2006 Ford F-150 costs around $30-33K all told. So a good way to put this to friends and freepers would be to say that by the time Bush** leaves office he'll have cost every man, woman and child in America a new Ford F-150.
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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 09:56 AM
Response to Reply #3
5. Two New Hundis or a cheap Audi
For those who do not delve deeply into the price of new pick up trucks.
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magellan Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 10:20 AM
Response to Reply #5
8. Yup
I was looking for something that would register more with freeps, but the others are useful to know too.
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LSK Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 09:53 AM
Response to Original message
4. you can argue that the other $2 billion are because of Bush1/Reagan
By the time Clinton got in office, the interest on the debt was making it grow so fast that he couldnt stop it from growing.
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brentspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 09:58 AM
Response to Original message
6. Let's just forward the bill to Bush, Cheney, Halliburton execs,
Edited on Sun Aug-20-06 09:59 AM by brentspeak
plus all the other Bush cronies. And if they don't pay, well, we repossess their assets, mansions, cars, everything else.
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 10:05 AM
Response to Original message
7. When Jimmy Carter left office it was under one trillion.
Then came Reaganomics and the supply-siders who gave us tax cuts for the rich so we could GROW our way out of the debt. In fact the guy from the Club for Growth was on Washington Journal this morning preaching the "growth religion". It doesn't matter what the facts are. Supply-side economics is a RELIGION. A faith-based economy. All these people should be hung for treason. They have destroyed us. America is bankrupt. Lou Dobbs is doing a segment on TWO SETS OF BOOKS! The total debt, with obligations,(SS and Medicare) is 49 TRILLION DOLLARS! There you have it. Supply-side economics is a complete failure and a total fraud. The UNTESTED economic theory brought into the Whitehouse by Jack Kemp in 1981 was and IS a complete SCAM!
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 10:25 AM
Response to Original message
9. Here're the visuals ...





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indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-21-06 08:58 AM
Response to Original message
10. The good news is that a goodly portion of that $10T rests in the wealth of
a few who will funnel as much as it takes to keep an extreme RW junta in power.
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