America One Trillion Dollars in debt

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    Feb 10, 2009 2:23 AM GMT
    So it's they way it is!


    But.....................................................Why should the rest of the world have too pay for it, when it's not our country's debt? And pay for it the rest of the world are.

    Can you imagine the outcry from America, if Americans were loosing their jobs, and home, because Australia did not manage it's budget well enough. The outrage, the out cry.

    But since America is playing big brother, we have to grin a bear it, or face invasion. America once acted to protect us from Communism. But no-one has protected us from America or americanism.

    Mr President it's time America gave the world back it's sovereignty. And time you dealt with your own insecurities and imperfections. Please free the world from the Iron Grip of the USA, and give us (the world) back our sovereignty.
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    Feb 10, 2009 2:30 AM GMT
    Pattison saidMr President it's time America gave the world back it's sovereignty. And time you dealt with your own insecurities and imperfections. Please free the world from the iron Grip of the USA, and give us (the world) back our sovereignty.

    How come you couldn't give this fine speech when Bush was President, just a month ago? Have things changed so dramatically in a matter of weeks? Did Obama bring about these issues that you cite, in just the last 2 weeks?

    Oh, that's right, a liberal's in the White House now, not a conservative. Nevermind...
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    Feb 10, 2009 3:32 AM GMT
    I heard from a radioshow host, I forgot who, that if the government granted American citizens 18 and over, $100,000 each that it would stabalize the economy.

    Granted we spend it right, people would pay off mortgages (the banks would have money)

    Young lads like myself would be able to pay off college loans and such.

    People would have money back in stocks. (The markets would stabalize)

    People would buy cars (The car industries would all be saved)

    All major and small business companies would be saved, granted of course everyone did spend their money responsibly

    I don't know, it sounds like a risky but reasonable solution to a stronger economy, not only nationally but globally as well.
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    Feb 10, 2009 4:29 AM GMT
    I'm all for getting 100k from the gov. It'd pay for college!
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    Feb 10, 2009 4:44 AM GMT
    Maybe you young lads should read about hyper -inflation. If we all had 100k to spend it wouldn't be worth 100 k anymore.

    And Red I agree. Obama was given this debt (not doubt) with a nice bow around it.
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    Feb 10, 2009 5:21 AM GMT
    friendormate saidMaybe you young lads should read about hyper -inflation. If we all had 100k to spend it wouldn't be worth 100 k anymore.

    And Red I agree. Obama was given this debt (not doubt) with a nice bow around it.


    Indeed. And while sovereignty is at issue... I might add that most of the other prominent nations in the world have repeatedly backed American "big-brother" policies through two, two-term presidencies. Without that, instability would have grown in many places throughout the world including Eastern Europe, the Caribbean, Africa, Southwest Asia, and Indonesia... We are all currently suffering from a global economic crisis. But without that "big-brother" that so many criticize, we would never have had a global economy to begin with. Without that global economy we would not have had many of the luxuries that most of us "first-world" nations have come to expect as part of every day life. So please, before bashing my nation (which certainly has its faults), consider some the benefits that you all (the world) have reaped because of it.
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    Feb 10, 2009 5:50 AM GMT
    There is no us and them...it's all of us together in a global economy.

    I hate to break it to you but you can break off and form a sovereign state if you wish... but your cars, planes, electronics and telecommunication, composite materials, drugs, cheap manufacturing all come from the global economy and without them you would be a third world county

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    Feb 10, 2009 6:09 AM GMT
    Pattison said so it's they way it is

    First of all *so it's the way it is.* If you're gonna type English, a grammer lesson would help.
    Second, I would do some research before making a thread like this and attacking a country you seem to have figured out... our country is in debt close to 10 trillion dollars. It doesn't help our case, but it makes you look stupid.
    I agree that America is the asshole who knocks down the doors on other countries and says "HEY! Knock it off!" I also do not agree with the wars we are fighting for no reason (though I love the people fighting the unnecessary war). Truth is though, if we were not such a BAMF, the world would probably have been blown to pieces by now by a nuclear war that we could have prevented by intervening, but we just don't know.
    GNR7600 saidI heard from a radioshow host, I forgot who, that if the government granted American citizens 18 and over, $100,000 each that it would stabalize the economy.

    Who ever the host was... they were a dumb ass...
    Hyper inflation indeed not to mention it would prolly put us into more debt.
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    Feb 10, 2009 6:27 AM GMT
    ....ok I am tired of the United States bashing from guys like Pattison. Dude remember the lessons your mother taught you, if you don't have anything nice to say don't say anything at all. Like other people have stated yes this started in the states and the states have done some stupid things but the loans and stuff are a GLOBAL economy. It was not forced down the throats of companies ALL OVER the WOLRD to buy these stupid high risk loans. BTW other countries have already started to somewhat pull out of this crappy times while the US is still in a crappy state. People seem to forget that the US while it has debt also has lent out TONS of money to other countries but has not ever called the debt on these countries. The United States used to be a lender country and used to try and stay OUT of world affairs, remember how long it took the US to enter into the world wars! Yes they are crappy times it happened so get over it and stop being an elitist thinking that the United States is 100% to blame this is a GLOBAL economy now and yes there are major players that can effect it. I try to stay out of these threads but I am standing up for my country why because I am sick of it being picked on by guys like Pattison and his insulting comments about the United States. Get over yourself dude. The US has a new president now who is doing his best to fix the problems of the old regime. Stop playing the blame game and do something to help.
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    Feb 10, 2009 8:38 AM GMT
    It is deficit not debt. Deficit is the difference between revenues and expenses in one fiscal year, debt is the accumulation of all the deficits and surpluses the US government has accumulated over the years. The US appetite for consuming has been one of the main reasons why the rest of the world's economy has done so well over the past 20 years or so. Unfortunately over the same 20 years some of the seeds of the present crisis were sown.

    Australia has done very well by the expansion of the Chinese economy which would not have been possible without the US consumers and companies buying Chinese manufactured goods. As AMT87 indicated above we are now a global economy not a regional one.
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    Feb 15, 2009 11:31 AM GMT
    Pattison,

    How about posting some funny, comical, or silly non-political threads once and a while?

    I feel like I should be ashamed to be an American... and a left-leaning independent.

    Post just one thread that is positive.icon_razz.gif
  • coolarmydude

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    Feb 15, 2009 12:27 PM GMT
    Pattison,

    How do you think we Americans feel that we had to bailout Japan and the Asian markets in the 1990s. It sucked, but it was a necessary thing to do!

    And since when did dingos get Australian citizenship?
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    Feb 15, 2009 1:20 PM GMT
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    Feb 19, 2009 8:00 AM GMT
    Hey, our Aussie friend has been a friend so I will not attack him. America is still the greatest country in the world. Others may disagree and say their countries are, and I will not disagree, but I am an American and damn proud. In the last ten years, we have been attacked by terrorists and suffered 3,000 casualities not to mention the billions in economic costs from 9/11. It changed our way of life and we have spent billions if not trillions in changing how we live. Just look at airport security. We spend 100 times what we used to spend on airport security, port security, border security. Then, we had a major city lost to a hurricane. Maybe the reaction could have been better, but it could not have stopped it and the billions it cost. And the billions it still costs. Could anyone have foreseen that? Maybe, maybe not.

    The Iraq war was a decision. Maybe right, maybe wrong. But a decision that someone had to make. That has cost us trillions. In 20-30 years, we will know if it was right or wrong. I never judge short term. I am a student of history and I know it takes time to really figure these things out. But I am proud that America took a stand against a dictator that threatened a region. We waited too long with Hitler. That cost us and the rest of the world huge.

    We have financial problems. Real estate meltdown, financial market meltdown. So what? If I was a betting man I would say that the US will work it out. It always has. Our core is strong. It would be dumb to bet against us. We have always worked out our problems and always come out on top. We will again, as always.
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    Feb 25, 2009 6:38 PM GMT
    According to http://www.brillig.com/debt_clock/, the US federal debt is currently 10.8 Trillion dollars, not a paltry $1E12. That's over $35,000 from every man, woman, and child in the country.

    Something like $7-8T of the $10T was accrued by the previous three Republican presidents: Reagan, and both Bushes. Clinton was the only US President in recent memory to run a surplus. for, I believe, two years.
    http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms
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    Feb 25, 2009 6:45 PM GMT
    LifeguardGuy said The United States used to be a lender country and used to try and stay OUT of world affairs


    Haha since when??? The US has been the big bad enemy knocking down the door on other countries ever since international affairs came along... If we don't like how something is done in another country, we don't hesitate to go in and kill the people we need to kill in order to see a change in our favor. Well... what do you expect with the stupid republican presidents we have had?
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    Feb 25, 2009 6:50 PM GMT
    Could our deficiet, not debt also be in part to all the money we have givng to other countries during thier natural disasters.

    How about these wars we have fought, like in Iraq where we supplied most of the troops and footed most of the expense of the war. Not to mention the cost of helping them rebuild thier counrty. Won't go into other counties like Japan after World War II.

    Oh and wait. How did we go help the Asain markets in the 90's.

    Yes the world is very dependant on the US econemy. Yes we have a problem. However if you had listened to our NEW president we can reduce the deficeit, our spending and we will.

    Instead of beating up on the big bad USA, why don't you go figure out how you can make a difference in your own home country.