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Thread: Federal debt tops $13 trillion mark GOP sounds 'alarm' on red ink

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    Federal debt tops $13 trillion mark GOP sounds 'alarm' on red ink

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    Federal debt tops $13 trillion mark - Washington Times

    I suppose the Chinese are very happy to advance this amount of money, but what happens when they realize that payback is a bitch?

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    Re: Federal debt tops $13 trillion mark GOP sounds 'alarm' on red ink

    You know, your debt is a massive problem, but it is not entirely the democrats fault... it's both sides fault, both sides have been in power, both sides spent rediculous amounts of money over the past 20 years and both sides deserve blame.

    And before anyone starts mouthing off about the stimilus package, sometimes you gotta spend money to make money champ

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    Re: Federal debt tops $13 trillion mark GOP sounds 'alarm' on red ink

    Quote Originally Posted by Jetboogieman View Post
    You know, your debt is a massive problem, but it is not entirely the democrats fault... it's both sides fault, both sides have been in power, both sides spent rediculous amounts of money over the past 20 years and both sides deserve blame.

    And before anyone starts mouthing off about the stimilus package, sometimes you gotta spend money to make money champ
    This is accurate. BOTH parties make vague promises about fiscal responsibility during election season, and nobody has ever managed to actually accomplish it.
    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.

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    Re: Federal debt tops $13 trillion mark GOP sounds 'alarm' on red ink

    Quote Originally Posted by jujuman13 View Post
    Link
    Federal debt tops $13 trillion mark - Washington Times

    I suppose the Chinese are very happy to advance this amount of money, but what happens when they realize that payback is a bitch?
    Considering that all of the foreign countries combined only carry 25% of our debt (25% more of that being held by our Citizens, and the other 50% being held by the Federal Reserve), I don't think China really has that much of our money in the big picture.

    Also there are 40+ countries that have worse debt then us (when compared to GDP) and most of them are doing fine.

    Edit: China isn't even the foreign country with the most US debt being held, Japan is actually our biggest foreign bank.
    Last edited by ScottD; 06-03-10 at 09:02 PM.
    Reality tends to have a liberal bias.

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    Re: Federal debt tops $13 trillion mark GOP sounds 'alarm' on red ink

    We need to fix our debt ASAP. I feel some inflation coming on, followed by even more inflation and then unemployment if nothing is done to fix this.

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    Re: Federal debt tops $13 trillion mark GOP sounds 'alarm' on red ink

    I love how the Republicans in this article are pointing the finger squarely at the Democrats.

    Politics, anyone?

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    Re: Federal debt tops $13 trillion mark GOP sounds 'alarm' on red ink

    Quote Originally Posted by Jucon View Post
    I love how the Republicans in this article are pointing the finger squarely at the Democrats.

    Politics, anyone?
    Nah, I joined Debatepolitics to talk about Cheeto's all day

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    Re: Federal debt tops $13 trillion mark GOP sounds 'alarm' on red ink

    Quote Originally Posted by Jucon View Post
    I love how the Republicans in this article are pointing the finger squarely at the Democrats.

    Politics, anyone?
    I really would strongly advise you to get your peepers tested, I cannot see where any of the posters in this thread have actually directly blamed just the Democrats.

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    Re: Federal debt tops $13 trillion mark GOP sounds 'alarm' on red ink

    Quote Originally Posted by jking948 View Post
    We need to fix our debt ASAP. I feel some inflation coming on, followed by even more inflation and then unemployment if nothing is done to fix this.
    I see inflation coming soon too, but not due to the debt.

    (More has to do with the employement numbers. Capitalism may be nice, but it has one fall back. Any actual Capitalist nation has either a problem with unemployement or a problem with inflation. A good economy leads to inflation, and a bad one to unemployement. Yeah, Economics is so great...we're screwed.)
    Reality tends to have a liberal bias.

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    Re: Federal debt tops $13 trillion mark GOP sounds 'alarm' on red ink

    Quote Originally Posted by jujuman13 View Post
    I really would strongly advise you to get your peepers tested, I cannot see where any of the posters in this thread have actually directly blamed just the Democrats.
    He said in the article, not this thread.
    Reality tends to have a liberal bias.

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