US Debt in Pictures

[Tigerslayer]

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

[bathad]

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.

[Tigerslayer]

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

[nakatago]

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

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

[Tigerslayer]

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

[nakatago]

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

I hear Foxconn needs robots.

[ScoobyDoes]

Can take them from the schools here.

[Calmday]

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.

[Manthink]

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.

[nakatago]

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?

[Strong Eagle]

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.

[Calmday]

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.

[nakatago]

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.

[Calmday]

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

[revhappy]

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?