I just did some calcs on the national debt clock

I just did some calcs on the national debt clock (Full Version)

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LookieNoNookie -> I just did some calcs on the national debt clock (6/27/2009 3:06:02 PM)
You can find it here: http://zfacts.com/p/318.html Top right, red numbers..... Every 60 seconds the numbers go up by 5.7 million bucks. 342 million dollars per hour. 8.2 billion a day. 249.6 billion dollars per month (notice, I said "per MONTH")...and yes, I've double checked my math on this. Which comes to a nice round 2.995 (let's just call it what it is.....3)TRILLION dollars, ADDED to our national debt in fiscal 2009. (That they're telling us about). Which...just for the record....is a 29.27% increase over what we a) owed as of January 1, 2009 and b) is more than 5 times what we owed (just this new 3 trillion) when Nixon left office and c) it's (the 3 trillion new debt in fiscal 2009) roughly 2.5 times what the entire national debt was, culminating in approx. 1984, after having been in business (i.e., a country) for approx. 208 years. We will (over)spend in just 2009 approx. 2.5 as much as we (over)spent in 208 years. According to OMB (which assumes we cut our deficit spending by half of what it is currently projected at), by 2012 our national debt will exceed 21 trillion, which is, between now and then...barely 4 years later...essentially double what it is today....or....put another way, we will have spent in just 4 years, what it took 239 previous years to do. (By the way, I just did another calculation....in the time it took me to write this....the national debt went up another 43 million bucks).

CallaFirestormBW -> RE: I just did some calcs on the national debt clock (6/27/2009 3:21:50 PM)
and it will -keep- going up, because we are paying interest on every dollar that we owe, to the tune of ~$215 billion dollars already this year (as of June 6th). And that interest (compound interest--the greatest rip-off in human history) won't stop accruing until the balance is -zero-. It isn't so much what we've -borrowed-, but what we're having to pay as extortion to have been able to borrow (and this is for the government, who gets the best interest rates!) There is no way to push the debt clock backwards unless the government shuts down and we stop spending more than we earn -- which isn't working out so well for the State of California (where people are flipping out at losing their 'benefits') OR we agree that our taxes aren't high enough for the social programs that we want, in which case, we will have to break down and start paying for what we want via our taxes. Right now, we're -still- paying, but we're paying to corporations who don't give a -crap- except for raising their own profit line.... and we're paying it to corporations who could benefit the public good, like universities (my step-daughter's tuition for her Freshman year is $35,000, and they're expecting an increase of 2.5% a year for each of her 4 years of school!), pharmaceutical companies, hospitals, medical research facilities... So... the point? Dame Calla

Crush -> RE: I just did some calcs on the national debt clock (6/27/2009 4:44:30 PM)
They'll need to add a couple more digits if Crap and Tax gets through the Senate....

Politesub53 -> RE: I just did some calcs on the national debt clock (6/27/2009 5:09:19 PM)
Whats Obama doing letting the debt pile up in six short months. It wasnt like this before he arrived was it. [8\|]

CallaFirestormBW -> RE: I just did some calcs on the national debt clock (6/27/2009 5:17:11 PM)
On January 20, 2009, the national debt was $10,626,877,048,913.08. When he took office in 2001, it was $5,727,776,738,304.64.

Politesub53 -> RE: I just did some calcs on the national debt clock (6/27/2009 5:21:39 PM)
Indeed Calla, If people think things would be better if the Republicans had got back in, they are kidding themselves. This world wide slump didnt occur in a six month time span, it wont clear itself up in a six month time span either.

FatDomDaddy -> RE: I just did some calcs on the national debt clock (6/27/2009 5:55:51 PM)
So you are saying... The piling on of the National Debt of The United States is justified because the Republicans did it too???

LookieNoNookie -> RE: I just did some calcs on the national debt clock (6/27/2009 6:03:38 PM)
quote: ORIGINAL: FatDomDaddy So you are saying... The piling on of the National Debt of The United States is justified because the Republicans did it too??? (I don't think that's what he said at all).

CallaFirestormBW -> RE: I just did some calcs on the national debt clock (6/27/2009 9:14:51 PM)
Just to be clear, what I am saying is that the debt is an ongoing problem, accumulating because Americans insist on getting something for nothing, gripe about paying their fair share of the cost of a culture, and allow the top 10% of the income-earners and many of the highest-earning corporations in the US to get away with paying nothing or FAR LESS than their percent of the cost of running the country IN THE WAY THAT THEY INSIST ON through lobbying and political pressure -- and yet, these same individuals gripe all to heck when the debt keeps getting higher, and the jobs keep getting fewer (when they lay people off and close companies in order to preserve their profits), and the working-class incomes keep going down while routine costs of living go up. Whining about it, poking fingers, and griping isn't going to do -anything-. Now, if you have a solution (especially one that won't take a nickle out of anyone's pocket, since folks get so pissy about paying for the government they want).... go for it. I, for one, would be perfectly happy to see us paying for something that is actually going to do the general American populace some good, for a change, instead of throwing good money after bad to give more and more to big-wigs and corporate interests who don't do a damned good thing with it anyway. Dame Calla

LookieNoNookie -> RE: I just did some calcs on the national debt clock (6/27/2009 10:04:45 PM)
quote: ORIGINAL: CallaFirestormBW Just to be clear, what I am saying is that the debt is an ongoing problem, accumulating because Americans insist on getting something for nothing, gripe about paying their fair share of the cost of a culture, and allow the top 10% of the income-earners and many of the highest-earning corporations in the US to get away with paying nothing or FAR LESS than their percent of the cost of running the country IN THE WAY THAT THEY INSIST ON through lobbying and political pressure -- and yet, these same individuals gripe all to heck when the debt keeps getting higher, and the jobs keep getting fewer (when they lay people off and close companies in order to preserve their profits), and the working-class incomes keep going down while routine costs of living go up. Whining about it, poking fingers, and griping isn't going to do -anything-. Now, if you have a solution (especially one that won't take a nickle out of anyone's pocket, since folks get so pissy about paying for the government they want).... go for it. I, for one, would be perfectly happy to see us paying for something that is actually going to do the general American populace some good, for a change, instead of throwing good money after bad to give more and more to big-wigs and corporate interests who don't do a damned good thing with it anyway. Dame Calla Well, actually, while I'm confident I'll get the exact figures wrong, the wealthy (by any definition you want to use....however, I'll use yours...the top 10%) actually pay well over 95% of the taxes in this country. In 1982, they (those same top 10%) paid about 55% of the taxes.

pyroaquatic -> RE: I just did some calcs on the national debt clock (6/27/2009 10:24:03 PM)
quote: ORIGINAL: CallaFirestormBW So... the point? Dame Calla Legal Financial Slavery in the hopes that we will learn to shake of the chains of dependency. Not only of foreign influences but national and local dependencies as well. It is not gold that gets things done. Money is not the power. Meatbags get things done. Some thing has to move the gold. So how many meatbags are worth $10,626,877,048,913.08? $10,626,877,048,913 divided by 304,059,724 is ~ 35,000 Dollars. So the standard 150 pounds of soylent steak is worth the 35,000$.... well, each American man, woman, and child. So yes, calculate away good people. Calculate or do something that releases these dependent chains. RALLY! RALLY!!! [8\|]

DomKen -> RE: I just did some calcs on the national debt clock (6/27/2009 11:37:04 PM)
quote: ORIGINAL: LookieNoNookie Well, actually, while I'm confident I'll get the exact figures wrong, the wealthy (by any definition you want to use....however, I'll use yours...the top 10%) actually pay well over 95% of the taxes in this country. In 1982, they (those same top 10%) paid about 55% of the taxes. Source please.

MmeGigs -> RE: I just did some calcs on the national debt clock (6/28/2009 5:11:02 AM)
quote: ORIGINAL: LookieNoNookie Well, actually, while I'm confident I'll get the exact figures wrong, the wealthy (by any definition you want to use....however, I'll use yours...the top 10%) actually pay well over 95% of the taxes in this country. In 1982, they (those same top 10%) paid about 55% of the taxes. It's actually the top 50% of taxpayers who pay 95% of the individual income taxes. The top 10% pay about 70%. Your figure for 1982 is very close to what I found. I think that it's important to note that in that time frame, the income (adjusted for inflation) of the top 10% has risen by about half while income for the bottom 50% has stayed pretty much the same. The effective tax rates across the board have stayed pretty much the same. The top 10% are paying a larger % of the income taxes because they're getting a larger % of the income.

LookieNoNookie -> RE: I just did some calcs on the national debt clock (6/28/2009 8:31:58 AM)
quote: ORIGINAL: MmeGigs quote: ORIGINAL: LookieNoNookie Well, actually, while I'm confident I'll get the exact figures wrong, the wealthy (by any definition you want to use....however, I'll use yours...the top 10%) actually pay well over 95% of the taxes in this country. In 1982, they (those same top 10%) paid about 55% of the taxes. It's actually the top 50% of taxpayers who pay 95% of the individual income taxes. The top 10% pay about 70%. Your figure for 1982 is very close to what I found. I think that it's important to note that in that time frame, the income (adjusted for inflation) of the top 10% has risen by about half while income for the bottom 50% has stayed pretty much the same. The effective tax rates across the board have stayed pretty much the same. The top 10% are paying a larger % of the income taxes because they're getting a larger % of the income. Tank ewe :) (Didn't quite know where to find the data, knew it was somewhere in that range....I sit corrected (however, essentially correct :) )

Politesub53 -> RE: I just did some calcs on the national debt clock (6/28/2009 10:06:53 AM)
quote: ORIGINAL: FatDomDaddy So you are saying... The piling on of the National Debt of The United States is justified because the Republicans did it too??? No, thats what you wish I am saying. What I am saying is this. There is a world wide financial crisis, which started way before Obama became president. Thats okay though, carry on blaming him for everything like you normally do.

Politesub53 -> RE: I just did some calcs on the national debt clock (6/28/2009 10:09:26 AM)
quote: ORIGINAL: LookieNoNookie quote: ORIGINAL: FatDomDaddy So you are saying... The piling on of the National Debt of The United States is justified because the Republicans did it too??? (I don't think that's what he said at all). Thank you Lookie.

cougar11 -> RE: I just did some calcs on the national debt clock (6/28/2009 10:19:59 AM)
Has everyone lost all sense of scale ? AND It does not matter who is doing it ...this out of control and somewhat wasteful spending will ruin this country!

Politesub53 -> RE: I just did some calcs on the national debt clock (6/28/2009 11:08:22 AM)
Would letting everything collapse have been any better ? Somehow i doubt it.

Sanity -> RE: I just did some calcs on the national debt clock (6/28/2009 11:13:26 AM)
No, you're mistaken - everything that Barack Obama is doing is OBVIOUSLY Bush's fault. The English tell me so. [sm=lol.gif] quote: ORIGINAL: cougar11 Has everyone lost all sense of scale ? AND It does not matter who is doing it ...this out of control and somewhat wasteful spending will ruin this country!

LookieNoNookie -> RE: I just did some calcs on the national debt clock (6/28/2009 12:13:32 PM)
quote: ORIGINAL: Politesub53 quote: ORIGINAL: LookieNoNookie quote: ORIGINAL: FatDomDaddy So you are saying... The piling on of the National Debt of The United States is justified because the Republicans did it too??? (I don't think that's what he said at all). Thank you Lookie. Pro nob (I wanted to say something vastly different....but being on the 10 most moderated list here for the last few years....I held my tongue).

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