The Down Range Forum
Member Section => Down Range Cafe => Topic started by: runstowin on February 15, 2009, 02:13:29 AM
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WND MONEYNETDAILY
Trillions? Get ready for quadrillion
Debt clock in NYC modified to handle incomprehensible growth
Posted: February 13, 2009
11:35 pm Eastern
By Jerome R. Corsi
NEW YORK – The Obama administration economic stimulus package is going to force the Treasury to borrow approximately $2.5 trillion in 2009 and another $4 trillion in 2010, with the result of increasing the current $10 trillion national debt by 65 percent in just two years.
If the Obama administration increases the national debt by 65 percent every two years, the debt will be $16.5 trillion in 2010 and $27.225 trillion by 2012, the year of the next presidential election.
To answer the question of how big a problem borrowing $6.5 trillion will be over the next two years, consider the fact that 1 trillion is the number 1 followed by 12 zeroes
If you had gone into business on the day Jesus was born, and your business lost a million dollars a day, 365 days a year, it would take you until October 2737 to lose $1 trillion.
If you spent $1 million a day, every day since Jesus was born, you would still be only slightly more that three-quarters of the way to spending $1 trillion.
http://wnd.com/index.php?fa=PAGE.view&pageId=88903
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Democrats don't mind (mere chump change),.... the inflationary ramifications are what is going to be the reality slap in a few years.
Interest rates for homes back in the 8 to 15% range, for people with great credit.
Corporations that did not get bailout funds, Exxon, Shell, BP, will manipulate refinery production, (since no new ones will be built), and gas will creep back up, (as it is starting to do now).
Healthcare costs will become the gorilla in the room, and wait for it,........
Defense Cuts WILL happen.... Its a liberal tradition, they can't help it....
Oh, we will be one national disaster, or terrorist attack from a real crisis.
Stocking up your provisions?
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Good to see Obama 1st action is following through on what he said he would do (screw the U.S economy even more)
Nothing like mortgaging our kids & grandkids futures. KRudd wants to do the same here, and run debt to $200 billion in the next two or so year.
FYI Aust was debt free a while ago and our budget has been in surplus for ages
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I truly have to try and not think about this as it makes me physically ill every time I do. I get this aching in my gut......any one else? :-X
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I truly have to try and not think about this as it makes me physically ill every time I do. I get this aching in my gut......any one else? :-X
It's not my GUT that gets sore. :(
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Democrats don't mind (mere chump change),.... the inflationary ramifications are what is going to be the reality slap in a few years.
Interest rates for homes back in the 8 to 15% range, for people with great credit.
Corporations that did not get bailout funds, Exxon, Shell, BP, will manipulate refinery production, (since no new ones will be built), and gas will creep back up, (as it is starting to do now).
Healthcare costs will become the gorilla in the room, and wait for it,........
Defense Cuts WILL happen.... Its a liberal tradition, they can't help it....
Oh, we will be one national disaster, or terrorist attack from a real crisis.
Stocking up your provisions?
Healthcare has been the 800 pound gorilla for some time - not only the lack of decent care for some people but also the cost of the Federal programs. I was working for a state gummint when Medicaid became the highest priced care around, and how nervous the Fed people responsible were (CMS) - the Congressional spotlight was on them. Then Congress passed Medicare Part D and the spotlight swung back to Medicare. At that time, Medicaid was $350 Billion - who knows what it is now, but together they alone have to be near a trillion.
Feel that? That was the water being raised a few more degrees, fellow frogs.
Amen on everything else,TW.
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Health care cost are already huge. What really sucks is if you have nothing your covered, but if you only have a little bit(couple grand in the bank, you know like a couple trying to save up to buy thier 1st house) your screwed.
What is really messed up is that they charge diffrent people diffrent prices. That really needs to stop.
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It's not my GUT that gets sore. :(
here you go
(http://1.bp.blogspot.com/_DxLDVeowigY/SFDShwdfToI/AAAAAAAABTY/DOfNBYnJg_Q/s320/KY%2BJelly.jpg)
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Has anyone considered what's going to happen if the countries buying our debt start insisting on property for collateral. What happens if the Chinese demand Hawaii in exchange for further loans? Would you give up your Social Security to keep the 50th state?
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Healthcare costs will become the gorilla in the room, and wait for it,........
Health care is not a proper function of government.
A huge part of our present problem, is the fact that people who claim to be conservative, accept, and take advantage of socialist government programs.
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Would you give up your Social Security to keep the 50th state?
The answer is no, however I will repudiate social security, medicare medicaid etc. because they are wrong in principle.
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Has anyone considered what's going to happen if the countries buying our debt start insisting on property for collateral. What happens if the Chinese demand Hawaii in exchange for further loans? Would you give up your Social Security to keep the 50th state?
Be even more interesting if China CAN'T buy our debt because of the economic problems they are having.
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Healthcare costs will become the gorilla in the room, and wait for it,........
Health care is not a proper function of government.
A huge part of our present problem, is the fact that people who claim to be conservative, accept, and take advantage of socialist government programs.
Yes they are and no they are not.
The general welfare of the population is a proper function of the goverment( no one complained when they were going around to school giving the polio vaccine.) It is not the place of the goverment to give free medical care to any adult.
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The "latest" current plan for the increased borrowing is that the Fed willl be the one buying the debt, which will require them to "print" more money. Anyone with a brain should be able to figure out what will happen next, unfortunately we probably have less than 2 years before the effects of said policy are felt.
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no one complained when they were going around to school giving the polio vaccine.) It is not the place of the goverment to give free medical care to any adult.
My son is school age and he does not get vaccines of any sort, so I would not complain about a free vaccine, I would merely say HELL! NO!
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Would you give up your Social Security to keep the 50th state?
Nah. And we should cut PR loose as well. Unfortunately, nobody will give us much for that, even though it is waterfront property.
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no one complained when they were going around to school giving the polio vaccine.) It is not the place of the goverment to give free medical care to any adult.
My son is school age and he does not get vaccines of any sort, so I would not complain about a free vaccine, I would merely say HELL! NO!
In the 60s you didn't have a choice... just like now with TB. you take your meds, or you go to what ammounts to a jail. What if at your school they had a meningitis out break... would you want your public health dept to do nothing? I was unlucky enough to catch it in HS, cost me most of my jr year, thankfully the dept of health and the CDC tracked down every one that had been exposed. I was lucky, I got it but didn't get sick. Seeing as it was during the middle of the wrestling season I was making direct and prolong contact with atleast a dozen teen agers each week. But your right public health is a bad thing...
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When there is that kind of outbreak you quarantine. Vaccines and immunizations are dangerous poisons, I simply exercised my God given responsibility as a parent, and when I took my son to the witch doctor for his first school physical, I told him in no uncertain terms no vaccinations, by any name, by any person, at any time, for any reason, end of discussion.
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millions of lifes have been saved by them... People not getting the shot are why they are coming back.
if this was a shot that could prevent aids would we still be talking?
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millions of lifes have been saved by them... People not getting the shot are why they are coming back.
if this was a shot that could prevent aids would we still be talking?
\How do you know?