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Topic: WE ARE DOOMED
madisonman's photo
Thu 02/07/08 03:58 PM
http://www.gotomyvideo.com/Billions-V2/player.html

no photo
Thu 02/07/08 04:05 PM
I'm gonna sing the Doom Song now.
Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom DoomDoom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom
Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom DoomDoom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom
Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom DoomDoom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom Doom

MsTeddyBear2u's photo
Thu 02/07/08 04:08 PM
I say print more money... ohwell

boredinaz06's photo
Thu 02/07/08 04:11 PM
that sucks!

madisonman's photo
Thu 02/07/08 04:15 PM
vote republican for a balanced budget......NOT

boredinaz06's photo
Thu 02/07/08 04:16 PM
it doesn't matter! the only difference between republicans and democrats is the spelling.

madisonman's photo
Thu 02/07/08 04:25 PM

I say print more money... ohwell
http://www.smirkingchimp.com/thread/12679

madisonman's photo
Thu 02/07/08 04:26 PM

it doesn't matter! the only difference between republicans and democrats is the spelling.
I like what Nader said.......the only differance between dems and repubs is the velocity in wich there knees hit the ground for big business

HealthyLifestyle's photo
Thu 02/07/08 05:22 PM
Yeah, they are all "Money Whores"!!!

boredinaz06's photo
Thu 02/07/08 06:31 PM


it doesn't matter! the only difference between republicans and democrats is the spelling.
I like what Nader said.......the only differance between dems and repubs is the velocity in wich there knees hit the ground for big business


laugh laugh laugh

no photo
Thu 02/07/08 06:56 PM
Edited by crickstergo on Thu 02/07/08 06:57 PM
Watched the video. It was an apples to oranges comparison as far as I am concerned. The top 100 corporations in the Us could knock the debt way down just with one years profits. Exxon could chip in about 85 billion just over the last two years. Even though the video is misleading it is true that the national debt is a growing cancer on the US but far from any DOOMMMMMMMMMMMMMM!!!!!!!!

madisonman's photo
Thu 02/07/08 07:02 PM

Watched the video. It was an apples to oranges comparison as far as I am concerned. The top 100 corporations in the Us could knock the debt way down just with one years profits. Exxon could chip in about 85 billion just over the last two years. Even though the video is misleading it is true that the national debt is a growing cancer on the US but far from any DOOMMMMMMMMMMMMMM!!!!!!!!
how was it an apples to oranges comparison explain please? the were bascily dealing
with numbers and do you honstly think any of those corperations would volunterr to pay down the debt or even pony up to payingfor some of our military that guards there ascets in the middle east?

no photo
Thu 02/07/08 07:09 PM
The national debt is paid by taxes so compare it to tax revenue that is collected in one year not to individual pieces of money.I know Exxon will not contribute their profits but it does show a more accurate depiction of comparison than to individual pieces of currecy.

no photo
Thu 02/07/08 07:11 PM
left wing, right wing..it's the same bird

madisonman's photo
Thu 02/07/08 07:11 PM
sorry I dont follow you on this..debt is debt its a negative number. sad thing is its at interest so its realy not even the true debt

no photo
Thu 02/07/08 07:15 PM
Edited by crickstergo on Thu 02/07/08 07:17 PM
For a comparison, take the total national debt and look at total tax dollars collected by our government for one year and that would be just one unit of measurement on your video - Not $1 or $1000 bills individually .

madisonman's photo
Thu 02/07/08 07:21 PM

For a comparison, take the total national debt and look at total tax dollars collected by our government for one year and that would be just one unit of measurement on your video - Not $1 or $1000 bills individually .
Ok but they are talking debt not budgets or any of that, simply this is our debt due to defecit spending.

no photo
Thu 02/07/08 07:37 PM
Edited by crickstergo on Thu 02/07/08 07:43 PM
So you agree that a better comparison would be to one year of tax dollars as a unit of measurement. And yes the interest is a big contributing factor to the US overcoming the paying down of the debt. We are going to have to start one day because there will be a point of doom if the US doesn't come up with a plan to address this. I'd say were are certainly headed down that road of trouble and need to turn around.

no photo
Thu 02/07/08 07:48 PM

The national debt is paid by taxes so compare it to tax revenue that is collected in one year not to individual pieces of money.I know Exxon will not contribute their profits but it does show a more accurate depiction of comparison than to individual pieces of currecy.


crickstergo,

The 'debt' is what is left to be paid AFTER ALL TAX+ REVENUES HAVE BEEN ACCOUNTED FOR.

As for your suggestion that Exxon and other 'great patriotic' Corporations would contribute THEIR PROFITS to wipe out the US government 9,3 trillion$ debt, and climbing, DO YOU KNOW SOMETHING NO ONE ELSE KNOWS, THAT WOULD STOP THE STOCKMARKET FROM COLLAPSING, AND TAKING OUR WHOLE ECONOMY WITH IT, THE DAY THIS WOULD TAKE PLACE???

Not for the partisan dimension, but strictly to compare the evolution of the debt under the two most recent administrations, and why it TRULY IS a matter of HUGE concern, as in, NOT BUSINESS AS USUAL.

For the 8 years Clinton was in office, the national debt went for 4,3 trillion to 5,6 trillion. More importantly, the proportion of 'debt' to 'GDP' decreased from 70% to 56%.

For the 8 years 'W' will have been in office, the national debt will have grown from the 5,6 trillion mark to a stratospheric 10,4 trillion.

That's close to 5 trillion in 8 years, as opposed to 1,3 in the previous 8 years.

More disturbing yet, the proportion of debt to GDP will exceed 73%. That is a reversal of the significant improvement of the previous admin., and then some.

As if that weren't enough, more than 50% of that debt is now

in the hands of foreign countries, with Japan and China on top of that list.

THAT'S 5 TRILLION DOLLARS EVERY US CITIZENS OWE TO FOREIGN COUNTRIES.

What kind of clout do you think the US has over China, to mention only that country, when it is owed nearly 2 trillion of that debt, and you depend on them to keep buying more of those 'debt' bonds in the future to finance US OVERSPENDING?!?!?

The same clout you have with your banker, when your mortgage is a few months behind, and you want to complain about service charges!!!

Check out the 'National Debt Clock' :

http://zfacts.com/p/461.html .

Chazster's photo
Thu 02/07/08 07:55 PM
Its not really that much when you think of the nation as a whole. It was making it sound like soo much cause it was like.. what if we paid back a dollar a second. Microsoft alone makes $471/sec. (thats profits not income)

http://ryanhemelaar.blogsome.com/2005/08/02/how-much-money-does-microsoft-really-profit-every-second/

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