/dev/null Posted July 16, 2013 Share Posted July 16, 2013 Sixteen trillion six hundred ninety ninety billion four hundred twenty one million ninety five thousand six hundred seventy three dollars of debt Say that 10 times fast Hell, just say that once Link to comment Share on other sites More sharing options...
SBUffalo Posted July 16, 2013 Share Posted July 16, 2013 http://www.cracked.com/article_20454_5-scary-myths-you-probably-believe-about-economy.html Every country is in a shitload of debt. We own a lot of debt from around the world, as well. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted July 16, 2013 Share Posted July 16, 2013 http://www.cracked.com/article_20454_5-scary-myths-you-probably-believe-about-economy.html Every country is in a shitload of debt. We own a lot of debt from around the world, as well. "First of all, China only owns 8 percent of the total U.S. debt. That's probably not enough to repossess Rhode Island..." Who cares... Let them repo Rhode Island... Isn't that where TYTT Lives... :-) Link to comment Share on other sites More sharing options...
3rdnlng Posted July 16, 2013 Share Posted July 16, 2013 "First of all, China only owns 8 percent of the total U.S. debt. That's probably not enough to repossess Rhode Island..." Who cares... Let them repo Rhode Island... Isn't that where TYTT Lives... :-) Hell, give them California, but not without giving LA, Wacka, Dante, Chef Jim and any other miscreants notice. Link to comment Share on other sites More sharing options...
Koko78 Posted July 16, 2013 Share Posted July 16, 2013 No problem guys, I've got this one. Link to comment Share on other sites More sharing options...
DC Tom Posted July 16, 2013 Share Posted July 16, 2013 We own a lot of debt from around the world, as well. Too bad we don't expect them to pay it back. Or they pay it back with foreign aid they get from us. Or we own it through some half-assed arrangement through the IMF or World Bank, so we don't REALLY own it... Link to comment Share on other sites More sharing options...
Nanker Posted July 16, 2013 Share Posted July 16, 2013 Sixteen trillion six hundred ninety ninety billion four hundred twenty one million ninety five thousand six hundred seventy three dollars! That's more than I make in a week! Link to comment Share on other sites More sharing options...
Dante Posted July 16, 2013 Share Posted July 16, 2013 http://www.cracked.c...ut-economy.html Every country is in a shitload of debt. We own a lot of debt from around the world, as well. cracked.com? Link to comment Share on other sites More sharing options...
Chef Jim Posted July 16, 2013 Share Posted July 16, 2013 "First of all, China only owns 8 percent of the total U.S. debt. That's probably not enough to repossess Rhode Island..." Who cares... Let them repo Rhode Island... Isn't that where TYTT Lives... :-) And this is with historically low interest rates. Wait until we see double digit interest rates again. It's going to be ugly. IMO this is a big reason why the Fed has kept rates low. Link to comment Share on other sites More sharing options...
Cinga Posted July 16, 2013 Share Posted July 16, 2013 And this is with historically low interest rates. Wait until we see double digit interest rates again. It's going to be ugly. IMO this is a big reason why the Fed has kept rates low. yup, through "Quantum Easing"... But that will also blow up in our faces soon and in theory anyway, cause hyperinflation... Wondering what the debt payments will be if we hit 20% interest rates let alone that hyper crap... Link to comment Share on other sites More sharing options...
/dev/null Posted July 16, 2013 Author Share Posted July 16, 2013 yup, through "Quantum Easing"... But that will also blow up in our faces soon and in theory anyway, cause hyperinflation... Wondering what the debt payments will be if we hit 20% interest rates let alone that hyper crap... I read somewhere that the amount we pay to service the debt on $16T is comparable to what we paid to service the debt in 2000. But if interest rates today were the same as in 2000, which is still a fraction of 20%, it would be the highest single piece of the budget Forward! Link to comment Share on other sites More sharing options...
Nanker Posted July 16, 2013 Share Posted July 16, 2013 Not to worry. B.O. will be out of office in three years which will be about when this house of cards will implode. It'll be the next guy/gal's problem. Link to comment Share on other sites More sharing options...
Koko78 Posted July 17, 2013 Share Posted July 17, 2013 Not to worry. B.O. will be out of office in three years which will be about when this house of cards will implode. It'll be the next guy/gal's problem. I wonder if it will still be Bush's fault... Link to comment Share on other sites More sharing options...
DC Tom Posted July 17, 2013 Share Posted July 17, 2013 I wonder if it will still be Bush's fault... 40 years from now, people are still going to be blaming Bush and Iraq for everything. Link to comment Share on other sites More sharing options...
3rdnlng Posted July 17, 2013 Share Posted July 17, 2013 I wonder if it will still be Bush's fault... It will always be Bush's fault. The Jetsons will be claiming he inpregnated "Pebbles". Link to comment Share on other sites More sharing options...
John Adams Posted July 17, 2013 Share Posted July 17, 2013 Not to worry. B.O. will be out of office in three years which will be about when this house of cards will implode. It'll be the next guy/gal's problem. Bush's spendathon is our problem. Obama's spendathon is our problem. Congress's spendathon is our problem. "We the people" are the problem. Link to comment Share on other sites More sharing options...
TPS Posted July 17, 2013 Share Posted July 17, 2013 Deficit.....zzzzzzzz....snore...... Link to comment Share on other sites More sharing options...
ICanSleepWhenI'mDead Posted July 17, 2013 Share Posted July 17, 2013 (edited) Deficit.....zzzzzzzz....snore...... Just wait a while . . . http://www.youtube.com/watch?v=9WyHZ4O1KeI Edited July 17, 2013 by ICanSleepWhenI'mDead Link to comment Share on other sites More sharing options...
drinkTHEkoolaid Posted July 18, 2013 Share Posted July 18, 2013 Holy crap that's a lot of money. Our government should just print more, that will fix it. Link to comment Share on other sites More sharing options...
/dev/null Posted July 18, 2013 Author Share Posted July 18, 2013 Holy crap that's a lot of money. Our government should just print more, that will fix it. on a somewhat related note, this has the makings of a paul krugman column/rant... http://news.cnet.com/8301-17852_3-57594146-71/paypal-makes-man-$92-quadrillion-richer-temporarily/ Link to comment Share on other sites More sharing options...
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