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US Debt in Pictures

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Tigerslayer
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US Debt in Pictures

Postby Tigerslayer » Wed, 27 Jul 2011 10:42 pm

Since it is a hot topic in the news recently below is a graphical representation of US Debt.

http://www.wtfnoway.com

Sorry if this has been posted before.

But i would like to ask is this accurate? Is it over hyped?

Economics isn't my strong field so i'd like to know if it is accurate how has it taken this long to acknowledge? Surely the first trillion should have rung some alarm bells :???:

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Postby bathad » Wed, 03 Aug 2011 10:57 pm

Many people say that the 21st century will be the century of Asia, but I doubt it. A drawback of Asian countries is their politics. Their politics does not function well. Even in Japan their politics is corrupted. In Asian countries the speed of political growth cannot catach up with the speed of economic growth. When labor costs are low enough, economic growth might be sustained even if their politics is corrupted. But once labor costs are high enough, their competitiveness will decrease.

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Postby Tigerslayer » Wed, 03 Aug 2011 11:01 pm

If every country became developed who would be left to exploit? :shock:

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nakatago
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Postby nakatago » Wed, 03 Aug 2011 11:16 pm

Tigerslayer wrote:If every country became developed who would be left to exploit? :shock:


Their middle class and masses *cough*top 2%*cough*of*cough*Americans*cough*

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Postby Tigerslayer » Wed, 03 Aug 2011 11:18 pm

Oh thanks.... was getting worried there for a minute :D

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nakatago
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Postby nakatago » Wed, 03 Aug 2011 11:24 pm

Tigerslayer wrote:Oh thanks.... was getting worried there for a minute :D


I hear Foxconn needs robots.

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Postby ScoobyDoes » Thu, 04 Aug 2011 3:37 pm

Can take them from the schools here.
'When Lewis Hamilton wins a race he has to thank Vodafone whereas in my day I used to chase the crumpet. I know which era I'd rather race in.'

SIR Stirling Moss OBE

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Postby Calmday » Fri, 05 Aug 2011 9:20 am

To OP. Unfortunately it is very true and the US will drag the rest of the world down with it. Bailing Greece out is one thing. Bailing the US out is a totally different thing as in it cant happen.
Pres obama has increased the US dept more in two years than all of the previous 43 US presidents combined.

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Re: US Debt in Pictures

Postby Manthink » Fri, 05 Aug 2011 10:23 am

Tigerslayer wrote:Since it is a hot topic in the news recently below is a graphical representation of US Debt.


It may not be logical comparison nor a plausible alternative, but if Apple or any cash-rich US company can help, why not?

The wealth transfer isn't going to Asia or BRIC. The cash is pretty much in the hands of the very few rich and powerful.

Wealth is like Energy:
It cannot be destroyed nor can you create it from nothing.
It can be saved or wasted.
It can transform from one form to another.

Image
Last edited by Manthink on Fri, 05 Aug 2011 10:28 am, edited 1 time in total.

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nakatago
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Re: US Debt in Pictures

Postby nakatago » Fri, 05 Aug 2011 10:27 am

Manthink wrote:It may not be logical comparison nor a plausible alternative, but if Apple or any cash-rich US company can help, why not?


Ha. You wished. Have you seen the opposition to raising the taxes for the rich?

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Strong Eagle
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Postby Strong Eagle » Fri, 05 Aug 2011 10:28 am

Calmday wrote:To OP. Unfortunately it is very true and the US will drag the rest of the world down with it. Bailing Greece out is one thing. Bailing the US out is a totally different thing as in it cant happen.
Pres obama has increased the US dept more in two years than all of the previous 43 US presidents combined.


Not exactly true. Under Obama, the excesses of the previous Bush administration have come home to roost. Engagement in two very costly wars. Enactment of the prescription drug program... all the while cutting taxes.

It's easy to blame an inherited problem on Obama but that doesn't change the fact situation.

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Calmday
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Postby Calmday » Fri, 05 Aug 2011 11:40 am

Strong Eagle wrote:
Calmday wrote:To OP. Unfortunately it is very true and the US will drag the rest of the world down with it. Bailing Greece out is one thing. Bailing the US out is a totally different thing as in it cant happen.
Pres obama has increased the US dept more in two years than all of the previous 43 US presidents combined.


Not exactly true. Under Obama, the excesses of the previous Bush administration have come home to roost. Engagement in two very costly wars. Enactment of the prescription drug program... all the while cutting taxes.

It's easy to blame an inherited problem on Obama but that doesn't change the fact situation.
I agree with you that the problem is a string of big spending. obama won the election on promises of getting us out of the wars that we are still in today. He has also doubled the size of government. They (obama and bush) are both very responsible. The problem now is that nobody wants to get it under control.

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nakatago
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Postby nakatago » Fri, 05 Aug 2011 11:47 am

Calmday wrote: The problem now is that nobody wants to get it under control.


I beg to differ; the problem is everybody greatly disagrees on how to do it. And some people don't want to compromise--they just want things done their way or not at all.

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Calmday
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Re: US Debt in Pictures

Postby Calmday » Fri, 05 Aug 2011 11:59 am

nakatago wrote:
Manthink wrote:It may not be logical comparison nor a plausible alternative, but if Apple or any cash-rich US company can help, why not?


Ha. You wished. Have you seen the opposition to raising the taxes for the rich?
Ya raising taxes on the only people paying them sounds like a great idea. Especially to the 50% who don’t pay anything. Every time I hear little obama say that the rich need to pay their fair share when they are already footen the entire bill, I just want to cry in frustration.
Liberals are insane.
http://www.american.com/archive/2007/no ... -the-taxes

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Postby revhappy » Fri, 05 Aug 2011 12:05 pm

Dow Jones down 500 pts.

There is blood on street all across Asia today.

Taiwan is 400 pts down! Hong Kong 1000 pts down. Holy shit. Is this the beggining of a new recession?


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