USA Wants Your Help To Pay The Debt

PeachOibleBoiblePeach#1

PeachOibleBoiblePeach#1

Well-Known Member
I Love How "It's the people that can't afford excusse"???,,,What about the Bank's The Innsurance companie's,,,The Rich People "Investing in this Scam",,,They bought all the propertie's trying to "Flip house's and communities",,,knowing full well the Bubble would burst!,,,,But it's that Poor fuck that wanted a shitty house that get's blamed,,,:wall:,,,Fuck you "Greedy Fucker's",,,,:hump:
 
virulient

virulient

Active Member
Not enough people give a shit....like me. I don't give a shit. Things will work themselves out eventually, and if they don't.....I'll probably be dead before it gets too bad soo, good luck kids!
 
Harrekin

Harrekin

Well-Known Member
watchhowIdoit said:
I understand how it works. The 'National Debt' which ever climbing numbers posted at Time Square and what most Americans talk of includes both personal and sovereign debt. Thats why its called the National Debt.........
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It's called the National Debt because it's what your country owes to bondholders,personal debt is separate. Your National debt and personal debt is way over 40 trillion dollars...seriously,go learn about it cos you havnt a clue bro. USA is bankrupt,you's need to admit that and go into an orderly default...you can NEVER repay it.
 
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watchhowIdoit

New Member
Harrekin said:
It's called the National Debt because it's what your country owes to bondholders,personal debt is separate. Your National debt and personal debt is way over 40 trillion dollars...seriously,go learn about it cos you havnt a clue bro. USA is bankrupt,you's need to admit that and go into an orderly default...you can NEVER repay it.
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You are the one that does not have a clue. The US National Debt includes ALL debt owed in America.....
 
Harrekin

Harrekin

Well-Known Member
I'm not gonna say it again and you obviously havnt a clue about economics,but your country will never be able to repay all the debt.

Ok one more time from the top...National Debt and Personal Debt are two completely different things...why do you think they drafted a law to help repay the National Debt? Do you think this law is to help pay back people's credit cards?

Time for you to Google and do some learning bro.

EDIT: Infact here:
http://en.m.wikipedia.org/wiki/Government_debt
http://www.google.ie/search?q=definition+of+national+debt
:)
 
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watchhowIdoit

New Member
Public and government accounts


Detailed breakdown of government holders of treasury debt and debt instruments used of the public portion.
The total or gross national debt is the sum of the "debt held by the public" and "intragovernmental" debt. As of February 2011, the "debt held by the public" was $9.6 trillion and the "intragovernmental debt" was $4.6 trillion, for a total of $14.2 trillion.[13]
The national debt can also be classified into marketable or non-marketable securities. As of February 2011, total marketable securities were $9.0 trillion while the non-marketable securities were $5.2 trillion. Most of the marketable securities are Treasury notes, bills, and bonds held by investors and governments globally. The non-marketable securities are mainly the "government account series" owed to certain government trust funds such as the Social Security Trust Fund, which represented $2.5 trillion in 2010.[13][15] Other large intragovernmental holders include the Federal Housing Administration, the Federal Savings and Loan Corporation's Resolution Fund and the Federal Hospital Insurance Trust Fund (Medicare) American citizens are part of the "public".

And I would rather be dirt poor and an American than filthy rich and of another nationality other than American...........
http://www.youtube.com/watch?v=sWC8liHX_G8
 
Harrekin

Harrekin

Well-Known Member
Yeah he still just doesn't get it...*facepalm*

You realise "public" in that context refers to the Government,right?
 
M

maylee

Member
This is for all the doom and gloomers out there, the truth is the US does not need you to help pay there debt. The US govt prints its own money. The US always has the ability to pay any amount of dollars.

 Personal debt is often many times that of the national debt. When you add up mortgages and all the other debt the average Joe acquires it is many time that his annual income. Someone making 30k a year and having 500k in debt, not unusual. The US government is nowhere close to this. This is really all about politics not debt.

There is no loss of confidence in the US Dollar, it is a fact that you can go to almost any country on earth and pay for things on the street with the actual US dollars you are carrying around in your pocket. The US dollar is in fact the worlds reserve currency.

The US stock market’s dividend yield now higher than T-Note’s. The equity market is actually directly paying more for risk than the US treasury market, if the US bond market, that is the US debt, was in fact considered risky there would have to be a much higher risk premium payed, but Treasury yields are in fact at record lows.
 
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NoDrama

Well-Known Member
maylee said:
The United States prints its own money, the address is:
[FONT=geneva, arial, sans-serif]Department of the Treasury
Bureau of Engraving and Printing
14th and C Streets, SW
Washington, DC 20228[/FONT]

[video=youtube;Lw5enXs4Kc8]http://www.youtube.com/watch?v=Lw5enXs4Kc8[/video]
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No , I'm sorry but the USA cannot print money for itself, it can only print money for the Federal Reserve. Why do you think every single bill produced for the last 40 years says Federal Reserve Note on it? If it were made by the US Government it would say United States Note. Printed money only makes up less than 3% of the total supply of Dollars. The vast majority of money is stored on Hard disks in the form of checkbook money i.e. a number written down or stored somewhere. The video completely corroborates what I say also , listen to the guy speak from :54 to 1:35, he explains that the notes they print are delivered to the FEDERAL RESERVE.

FWIW the total personal debt in the USA is $2.3 Trillion, the total government debt is almost $15 trillion.
 
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NoDrama

Well-Known Member
watchhowIdoit said:
Public and government accounts


Detailed breakdown of government holders of treasury debt and debt instruments used of the public portion.
The total or gross national debt is the sum of the "debt held by the public" and "intragovernmental" debt. As of February 2011, the "debt held by the public" was $9.6 trillion and the "intragovernmental debt" was $4.6 trillion, for a total of $14.2 trillion.[13]
The national debt can also be classified into marketable or non-marketable securities. As of February 2011, total marketable securities were $9.0 trillion while the non-marketable securities were $5.2 trillion. Most of the marketable securities are Treasury notes, bills, and bonds held by investors and governments globally. The non-marketable securities are mainly the "government account series" owed to certain government trust funds such as the Social Security Trust Fund, which represented $2.5 trillion in 2010.[13][15] Other large intragovernmental holders include the Federal Housing Administration, the Federal Savings and Loan Corporation's Resolution Fund and the Federal Hospital Insurance Trust Fund (Medicare) American citizens are part of the "public".

And I would rather be dirt poor and an American than filthy rich and of another nationality other than American...........
http://www.youtube.com/watch?v=sWC8liHX_G8
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You need to get a dictionary because you are not understanding what Public debt and Intergovernmental debt are. Neither of those is personal debt. You can argue your point as much as you like, but you will still be incorrect.
 
Michael Sparks

Michael Sparks

Active Member
billy4479 said:
So i just had a brain storm about how we can pay off the debt now hear me out on this ""corporate sponsorship" I mean would it be so bad Welcome to the USA brought to you by pepsi ....white house could get a nike swoop right on the side ..the presdent could end his speaches the follow speech was brought to by the KFC its finger lickin good ...Or we could just tell IRAQ that were taking 10 trillion in oil to pay for the war .....
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Hey, smartypants, the US is already a corporation, hence the reasoning behind a president, vice president, sectary ect.. man there hasn't been a gov't since '33 damnn..
 
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