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Thread: California economist says real US debt $70 trillion

  1. #61
    Sage

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    Re: California economist says real US debt $70 trillion

    Quote Originally Posted by Erod View Post
    I would not want to be a newborn baby in this country today. The future is bleak.
    My 20-month old was unavailable for comment due to his taking a nap.

    However, Hamilton's information is not new and it is not undisclosed. If one wants details concerning the federal government's finances far beyond the headline figures routinely reported in the media, one can access the government's financial statements (2012: http://www.fms.treas.gov/fr/12frusg/12frusg.pdf). One finds a lot of information e.g., present value net expenditures for the nation's major social insurance programs (pp.46-48 of the document/pp.60-62 of the .pdf). Also, contingent liabilities are discussed pp.112-116/126-130 .pdf.

  2. #62
    Outer space potato man

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    Re: California economist says real US debt $70 trillion

    Quote Originally Posted by Grant View Post
    Was that chart designed by you?

    So the good news is that instead of the budget growing by a $trillion a year it will only grow by $500 billion a year? Thats leftist progress, is it?
    No Republican in the last four decades has cut a deficit in half in one year...

    edit: Although admittedly this had an anomalously high starting point. Still, it's progress, and hardly this exponential explosion of unlimited spending that the right has been predicting.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  3. #63
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    Re: California economist says real US debt $70 trillion

    Quote Originally Posted by Deuce View Post
    No Republican in the last four decades has cut a deficit in half in one year...

    edit: Although admittedly this had an anomalously high starting point. Still, it's progress, and hardly this exponential explosion of unlimited spending that the right has been predicting.
    With this sort of 'progress', and the continued printing of money, how long do you think it might before the system collapses?

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