The national “debt clock” in New York has been started up again for the first time since September 2000 because of the increased deficit spending. The debt is now up to $6.12 trillion from the $5.5 trillion it was at when the board was originally switched off.
Gee, I seem to remember us having a surplus just a few years ago that some jackass decided to use to give checks that were nothing more than a drop in the bucket to the citizenship instead of using it to pay down that debt. Do you remember that?
Tags: Business
Oh boy!! this is one of my favorite subjects. Who exactly do we owe all this money to? I say we have a real close lookie at who we should be paying and who we should be bombing. By the way, the deficit is not the creation of our current President as some people would like us to think!!
ps I liked the old posting format better!
Not only that but the surplus that we had was money attain as compared to money spent for that time period. You want to pay off the deficit…How about collecting the money from those countries that owe us over all these years?
Hell yea!! Let’s get us our money!!! And let’s kick some ass!! AJ, get the car we are officially Accounts Collectible Inc.
By all means, I hope you two go out and get those deadbeats to pay up. Start with the UN — I know for certain they owe us a good chunk of change. But Don, please, no bombing. ^_^
On a serious not, while some of that debt being counted off is owed to other countries, I’d be willing to wager that just as much of it is owed to people and companies here in the US, building infrastructure and keeping the government machine up and running.