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Joined: Sep 2010
Posts: 31,428
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Sep 2010
Posts: 31,428 |
"I can't be canceled, because, I don't give a fuuck!"
--- Kid Rock 2022
Holocaust Deniers, the ultimate perverted dipchits: Bristoe, TheRealHawkeye, stophel, Ghostinthemachine, anyone else?
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Joined: Apr 2011
Posts: 12,161 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Apr 2011
Posts: 12,161 Likes: 3 |
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Joined: Sep 2010
Posts: 31,428
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Sep 2010
Posts: 31,428 |
It's surely a lot of Benjamins.
"I can't be canceled, because, I don't give a fuuck!"
--- Kid Rock 2022
Holocaust Deniers, the ultimate perverted dipchits: Bristoe, TheRealHawkeye, stophel, Ghostinthemachine, anyone else?
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Joined: Oct 2008
Posts: 5,312
Campfire Tracker
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Campfire Tracker
Joined: Oct 2008
Posts: 5,312 |
we're f u cked.
....and its not going to end well , you heard it here first.
.... like tears in the rain
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Joined: Aug 2003
Posts: 17,491
Campfire Ranger
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Campfire Ranger
Joined: Aug 2003
Posts: 17,491 |
Another way to think about these numbers....
Spend $100/second and it'll take close to 3 hours to spend $1 million
- at that rate it takes almost 4 months to spend $1 billion
It would take about 4 lifetimes to spend $1 trillion
Sometimes, the air you 'let in'matters less than the air you 'let out'.
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Joined: Oct 2011
Posts: 59,136 Likes: 23
Campfire Kahuna
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Campfire Kahuna
Joined: Oct 2011
Posts: 59,136 Likes: 23 |
A good example of how Debt nullifies freedom.
Paul
"I'd rather see a sermon than hear a sermon".... D.A.D.
Trump Won!, Sandmann Won!, Rittenhouse Won!, Suck it Liberal Fuuktards.
molɔ̀ːn labé skýla
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Joined: Jun 2003
Posts: 3,871
Campfire Tracker
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Campfire Tracker
Joined: Jun 2003
Posts: 3,871 |
That is what we the people owe through the Gov't but that is not the only debt that is owed there is much more than that in under funded pensions etc around the country. Our recent past Pres. seen to that as he did Sorous' (sp) bidding. Cheers NC
Last edited by northcountry; 03/25/17.
don't judge until you have walked a mile in other persons' moccasins'
SUM QUOD SUM........HOMINEM TE ESSE MEMENTO
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Joined: Jun 2002
Posts: 131,766 Likes: 20
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,766 Likes: 20 |
It's strictly fictional, since that represents, at current valuations, more real wealth than actually exists in the world, so it could only ever be actually paid off by devaluing the currency by many fold, such that it would take hundreds of thousands of dollars to go grocery shopping for your family every week.
The whole purpose of the debt-based economy concept is to be a mechanism for systematically transferring all real wealth, over time, from regular folks to the international banks and their toadies. It does a very good job of this.
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Joined: Apr 2010
Posts: 20,683
Campfire Ranger
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Campfire Ranger
Joined: Apr 2010
Posts: 20,683 |
Some truth there 20 trillion is on the light side of reporting our debt obligations
Have to agree it's apt not to end well
I'm pretty certain when we sing our anthem and mention the land of the free, the original intent didn't mean cell phones, food stamps and birth control.
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Joined: Dec 2005
Posts: 40,179
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2005
Posts: 40,179 |
Nothing like dying and leaving your kids so far in debt they'll never dig out.
Son of a liberal: " What did you do in the War On Terror, Daddy?"
Liberal father: " I fought the Americans, along with all the other liberals."
MOLON LABE
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Joined: Aug 2004
Posts: 69,665 Likes: 15
Campfire Kahuna
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Campfire Kahuna
Joined: Aug 2004
Posts: 69,665 Likes: 15 |
Nothing like dying and leaving your kids so far in debt they'll never dig out. I doubt it'll last that long before someone hits the RESET button.
Molɔ̀ːn Labé Skýla!
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Joined: Jun 2002
Posts: 131,766 Likes: 20
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,766 Likes: 20 |
Nothing like dying and leaving your kids so far in debt they'll never dig out. I doubt it'll last that long before someone hits the RESET button. Right. In fact in the ancient world there was a universal law that debts can only last a few generations, then disappear. The effect was to disincentivize large loans anywhere near the year where all debts are forgiven by law. There are obvious drawbacks to this approach, but avoidance of perpetually building debt, both national and private (which ultimately leads to collapse), would seem to be worth those drawbacks.
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Joined: Apr 2010
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Campfire Outfitter
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Campfire Outfitter
Joined: Apr 2010
Posts: 14,720 Likes: 2 |
Hell...that ain't no $$$$$ in Cotton Country!!
Even birds know not to land downwind!
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Joined: Mar 2007
Posts: 1,734 Likes: 1
Campfire Regular
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Campfire Regular
Joined: Mar 2007
Posts: 1,734 Likes: 1 |
Now for the rest of the story.....that $20T national debt does not include the present value of the unfunded liabilities for Social Security, Medicare, and Medicaid. Those three add someplace between another $40T to $80T.
What could possibly go wrong?
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Joined: Oct 2008
Posts: 5,312
Campfire Tracker
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Campfire Tracker
Joined: Oct 2008
Posts: 5,312 |
Now for the rest of the story.....that $20T national debt does not include the present value of the unfunded liabilities for Social Security, Medicare, and Medicaid. Those three add someplace between another $40T to $80T.
What could possibly go wrong? ..add to that debt owed by businesses and banks etc , then calculate the percent of GDP that debt equals.
.... like tears in the rain
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Joined: Mar 2002
Posts: 11,505
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2002
Posts: 11,505 |
And you forgot student debt. It's right now higher than housing debt was in 2007 and the default rate is already higher.
Don't blame me. I voted for Trump.
Democrats would burn this country to the ground, if they could rule over the ashes.
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Joined: Jan 2009
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Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2009
Posts: 10,817 |
..............Other examples of 20 trillion....200 billion $100 bills.....20 trillion gallons of water = 18.1646 cubic miles of water weighing 83 billion tons.....20 trillion miles = 3.40965 light years....20 trillion inches = 315,656,565.656 miles (about 12,626.26 trips around the earth's equator).... 20 trillion droplets of tap water fills one square mile about 9.5 feet deep.....20 trillion seconds = 634,195.8396 years...... Total unfunded liabilities for this country well exceed $200 trillion. Everything above times more than ten.
28 Nosler,,,,300WSM,,,,338-378 Wby,,,,375 Ruger
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Joined: Jan 2016
Posts: 95,720 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,720 Likes: 2 |
Now for the rest of the story.....that $20T national debt does not include the present value of the unfunded liabilities for Social Security, Medicare, and Medicaid. Those three add someplace between another $40T to $80T.
What could possibly go wrong? Rong. Make that $120-160 trillion.
Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
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