Casper Posted April 18, 2011 Report Share Posted April 18, 2011 http://www.msnbc.msn.com/id/42643641/ns/business-eye_on_the_economy/ S&P is only giving until 2013 for major progress before they downgrade America's credit rating. http://www.cartoonstock.com/lowres/mly0582l.jpg Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted April 18, 2011 Report Share Posted April 18, 2011 pretty bad when our debt gets a negative rating. i would have to concur. i think each american's share of the debt is about $45k per person at the moment though. Quote Link to comment Share on other sites More sharing options...
wagner Posted April 18, 2011 Report Share Posted April 18, 2011 Congrats to both political parties for putting a gun in the mouth of this country and pulling the trigger. Funny thing is most of them have zero real world skills so when the revolt happens they are going to die fast Quote Link to comment Share on other sites More sharing options...
Casper Posted April 18, 2011 Author Report Share Posted April 18, 2011 pretty bad when our debt gets a negative rating. i would have to concur. i think each american's share of the debt is about $45k per person at the moment though. That was as of last June. We're up over $50k per capita now. Quote Link to comment Share on other sites More sharing options...
Guest Hal Posted April 18, 2011 Report Share Posted April 18, 2011 If we would just balance the budget, and keep it that way, we'd be fine. The debt would devalue in a slightly inflated economy and eventually go away. Quote Link to comment Share on other sites More sharing options...
NTHER91 Posted April 18, 2011 Report Share Posted April 18, 2011 If we would just balance the budget, and keep it that way, we'd be fine. The debt would devalue in a slightly inflated economy and eventually go away. Ohh to be young and think I knew what I was talking about.. I offer no point of view just that your CNN fed mind is very sharp Quote Link to comment Share on other sites More sharing options...
Casper Posted April 18, 2011 Author Report Share Posted April 18, 2011 Ohh to be young and think I knew what I was talking about.. I offer no point of view just that your CNN fed mind is very sharp He's not entirely wrong, except for the fact he's forgetting interest, the fact that most of our debt is in the form of short term loans, etc. $413,954,825,362.17 was paid in interest alone in 2010. The debt isn't going to go away. Quote Link to comment Share on other sites More sharing options...
Guest Hal Posted April 18, 2011 Report Share Posted April 18, 2011 Ohh to be young and think I knew what I was talking about.. I offer no point of view just that your CNN fed mind is very sharp That has nothing to do with youth or political affiliation... If there were no year to year budget deficit, the current debt would devalue over time due to slight inflation. That's not my theory or CNN's (a channel I never watch), it's true. Quote Link to comment Share on other sites More sharing options...
Guest Hal Posted April 18, 2011 Report Share Posted April 18, 2011 He's not entirely wrong, except for the fact he's forgetting interest, the fact that most of our debt is in the form of short term loans, etc. $413,954,825,362.17 was paid in interest alone in 2010. The debt isn't going to go away. Again, over time the majority of the debt would go away regardless of interest. It's a lot more complicated than either of us are saying, but that's how national/international debt works. Unfortunately for me, I have had to do a lot of research on this stuff lately. It's boring as fuck, but it helps put things in perspective. Quote Link to comment Share on other sites More sharing options...
Guest Hal Posted April 18, 2011 Report Share Posted April 18, 2011 Away from the history of economics, upon which this type of stuff is based, I have my own opinions on what we should do. I align more closely with Paul Ryan than my previous post would suggest. Quote Link to comment Share on other sites More sharing options...
Nitrousbird Posted April 18, 2011 Report Share Posted April 18, 2011 Ahh, and the gov't is still arguing on how to spend our tax dollars. Here is an idea - DON'T SPEND IT. Use the money to pay back debt. Quote Link to comment Share on other sites More sharing options...
Berto Posted April 18, 2011 Report Share Posted April 18, 2011 'teh agency' lol Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.