U.S. Debt Too Big for National Debt Clock

The National Debt Clock, launched in 1989 when the nation's debt was less than $3 trillion, cannot keep pace with the growing national debt, now at more than $10 trillion.

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October 7, 2008 at 1:15 am - MSNBC
Dateline: New York, NY
Wanker Limbaugh   October 7th, 2008 - 1:27 am

Thanks Dubya! All that money and blood down the drain in Iraq.

When Pat Tillman turned against your psychopath war, you killed off another taxpayer sucker who for a moment bought into the idea that you were not lying. Tillman came to know otherwise and was ready to speak to the press about how illegal the Bush wars really are. Bushco could not have that. Their national recruitment poster boy shaking off the propaganda and speaking out against Bushco.

Adios Pat, you had more of a decent conscience as an agnostic than Bush or McCain could ever hope to have.

Sarah Palin- I can see the national debt clock from my house!

McCain Voted for the BAIL OUT package   October 7th, 2008 - 1:32 am

It doesn’t who wins, both Dems and Republicans are sooo corrupt and filled with deceit that they act as 2 separate parties but really they are one party that is self serving with a screw the American People, perspective!

McCAIN VOTED FOR THE BAIL OUT PACKAGE so MR. REFORMER is a LIAR and a SELL OUT.

He is no reformer, he is an ENABLER!

OBAMA AND BIDEN VOTED FOR THE BAILOUT TOO   October 7th, 2008 - 1:49 am

So don’t be a hypocrite and only blame McCain.

The economy was fine until the Democrats took over the Congress and Senate in 2006. My heart sank when they stole that election because I remembered Jimmy Carter and I knew what was coming.

Cloward-Piven Strategy   October 7th, 2008 - 1:51 am

All you will ever need to know abou tthe undermining of our country. We are so close to losing the way of life as we have known. You think it was bad during Bush, CHANGE is coming if Barack wins and you’re gonna HOPE it was all a bad dream.

Google Obama Cloward-Piven Strategy

Gunnar   October 7th, 2008 - 3:27 am

According to the US Treasury Dpt, at the end of July the total foreign debt was 2676.4 billion. That’s about 2.7 trillion. As of July 08, the top countries we owed money to were:

Japan 593.4
China, Mainland 518.7
United Kingdom 290.8
Oil Exporters 173.9
Brazil 148.4
Carib Banking Ctrs 133.5
Luxembourg 75.8
Russia 74.1
Hong Kong 60.6
Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria.
Caribbean Banking Centers include Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama.

As of that date, we also owed another 2.2 trillion to US banks and in Treasury bills, T-bonds and notes. We are paying interest to the US Banks and to the holders of the bonds, bills and notes. These bankers are raking in taxpayer money by the barrel.

Note that the money owed to the foreign countries is greater than that owed to the domestic lenders. In addition to this debt is the additional $800 billion just authorized for the Wall Street “bail out.”

The biggest Lenders are Japan and China. If your children and grandchildren can’t come up with the money, there is a real likelihood that their homes, if they have them, and the companies they work for, if they have jobs, will be owned by these two countries and others.

People who are blaming this mess on the Democratic Congress of the last 20 months, need to do a bit more studying. They are to blame in part because they approved the borrowing of the last two years but this profligate spending was started in 2001. There were some who say all this government spending and borrowing this was done to enrich a few at the expense of many but that is beyond my knowledge.

K   October 7th, 2008 - 3:55 am

Gunnar — that’s exactly why it happened. There are a few very fat cats laughing right now at the rest of us. They’ve sold their entire nation out. They should be hanged in public and treated with as much respect as Mussolini was shown when he was strung up after his power was ripped out from under him so many years ago.

At some point, when there’s nothing left but debt, when we don’t even have the distractions of our iPods and our high-speed internet, maybe we, as the American public, will do something about it. Until then, we are pacified with toys, and kept under control with debt and the sham of bi-partisan politics.

We are getting played every day and we do nothing about it. We should all be ashamed of our inaction, and yes, I most definitely include myself in that category. But those who orchestrated this blind greed are the most shameful of all. They remind me that there is pure evil in this world — even if it’s not mystical or supernatural — evil exists. Just take a stroll down Wall Street.

Espong   October 7th, 2008 - 4:27 am

The Jewish Community must step up and take responsibility for this.

[...] MSNBC Tuesday, Oct 7, 2008 [...]

Pastor Bosco Newscombe   October 7th, 2008 - 8:27 am

“According to the US Treasury Dpt, at the end of July the total foreign debt was 2676.4 billion. That’s about 2.7 trillion.”

The ‘greatest country in the world’ is on it’s knees.

LittleLamb   October 7th, 2008 - 9:33 am

For those of you that think taking the tax cuts away from the rich are going to solve all the financial problems in this country:

You could take ALL of the money from every Billionaire in the entire WORLD and it won’t come even close to solving the financial problems we are facing. We are 62 Trillion dollars in debt at this point (deficit + social security and medicare promised to the senior citizens). Most people don’t even know how many zeros are in a trillion. They should be able to do the math for themselves, but they can’t. The people of the United States are to blame. We keep voting in candidates that have no ability to fix these problems.

tom desrosier   October 7th, 2008 - 9:57 am

Like minds… I just wrote about this on my blog; our debt is staggering – and we owe all this money to people who hate us.

Thoughts? http://www.dare2believe.com

Tom

[...] Breitbart.tv U.S. Debt Too Big for National Debt Clock Now that is scary. Our debt is out of control. __________________ Dan with my little girl. To [...]

R.J.   October 7th, 2008 - 10:54 am

In 1980 Walter Cronkite said on the evening news that the U.S. national debt had reached one trillion dollars, and if we paid that debt off at one dollar per second it would take 33,000 years.

Ronald Reagan promised to balance the budget in his first four years as POTUS. In his eight years he never submitted one single balanced budget, and he raised the national debt from one trillion to $2.5 trillion. He more than doubled the national debt in eight years.

Bush 41 almost doubled the national debt again in just four years, from $2.5 trillion to $4.5 trillion.

Clinton DID balance the budget. After his eight years as POTUS, America had a $300 billion annual surplus. The national debt under Clinton went from $4.5 trillion to $5.5 trillion.

But Bush 43 is the grand daddy of the big spenders. He took a $300 billion surplus and turned it into a $300 billion deficit in his first six months in office. He added $3 trillion to the national debt, by giving millionaires a $3 trillion tax cut that was supposed to fix the economy. Didn’t work. The trickle down theory is just code for “p*ss on the poor”, which is now known to make the whole county poorer. So after eight years of Bush 43 and six years of his never ending war started with lies, and a total economic collapse, the national debt has gone from $5.5 trillion to over $11 trillion.

So the last three “REPUBLICAN” presidents are responsible for $9 trillion of the $11 trillion national debt. And the Republicans have been promising to be the fiscally responsible party since Reagan. And that really shows how easy it is to chump the American people.

If the national debt is paid off at $10 billion per month, which is what is being spent on the Iraq war, it will take over 1,500 years. All future generations are now enslaved to pay off the greed of this generation.

alzheimer's   October 7th, 2008 - 11:55 am

Thanks Reagan for a legacy of false economics that preaches tax cuts and increases in revenue. As Ben Stein pointed out on Glen Beck this is utterly false.

This country cannot control it’s spending so cutting taxes just makes us bankrupt. Conservative trolls, how many budgets did Bush veto? When republicans ran government for years who much spending did they cut? NOTHING. Who was the Democrat who balanced the budget? Started with a C.

R.J.   October 7th, 2008 - 12:52 pm

The interest on the national debt is a half trillion per year. If Raygun, Shrub41, and Shrub43 hadn’t run up $9 trillion on the debt, all our taxes would be a lot lower.

Other   October 7th, 2008 - 1:51 pm

R.J.

Can you point to any presidency, after Jefferson, when the country was not in debt?

The debt is just a number. The circumstances that cause it and the plans to manage it are what matter.

We will always have debt.

R.J.   October 7th, 2008 - 3:49 pm

“The debt is just a number.” Yeah, and the $850 billion bailout is just a number. And the $500 billion annual interest on the national debt is just a number. It’s that kind of attitude which has caused this mess. “DON’T WORRY, BE HAPPY.” and let future generations pay for your greed.

Bob McNeil   October 7th, 2008 - 5:25 pm

In 1787, Thomas Jefferson wrote: “I hold it that a little rebellion now and then is a good thing, and as necessary in the political world as storms in the physical.”

It is time for a 21st century rebellion against Congress.

Read my “Proclamation of Freedom” http://blog.bobmcneilforpresident.com/?p=98

This document proposes the use of Article 2 powers of the Constitution, in a unique way, to protect taxpayers from prosecution for refusing to send their tax dollars to Washington, D.C.

Then, read my “Economic Freedom Act” http://blog.bobmcneilforpresident.com/?p=105

This document details my plan for a new tax collection system that:

• eliminates the current income tax system, and the Internal Revenue Service;
• returns power to the States, and the people, as the Constitution says;
• returns all of your money to you;
• fundamentally changes the way government is funded;
• repeals all laws passed by Congress that have taken our freedoms from us;
• amends the Constitution to prevent Congress from ever taking them from us again.

It is obvious to all free-thinking people that Congress has failed in its duty to faithfully represent the interests of the American people.

That’s why we need to “Clean the Slate in 2008″ and vote them ALL out of office on November 4th.

For the sake of our country, it is time to think, and vote, independently.

Write-in “Bob McNeil” for President when you vote.

Robert A. (Bob) McNeil
Independent Presidential Write-in Candidate
Real Change – Real Results
http://www.BobMcNeilForPresident.com

[...] tablero. Tendran que mandar a hacer un nuevo tablero (cuyo costo supongo sera agregado a la cuenta) Breitbart.tv » U.S. Debt Too Big for National Debt Clock [...]

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