Joined: Sun Oct 17, 2004 12:19 am Posts: 530 Location: Lexington, KY Gender: Male
Funny how, if I'm in debt a few thousands of dollars and I can't pay, I get the IRS hunting me down, taking my property and cutting up my credit cards. If my government is trillions of dollars in debt and can't/won't pay, they basically just raise the credit limit on their credit card.
_________________ Ode to a peppered-pumpkin tour with a bus driver who lured, killed, then ate his victims
Ahhhhhh yes, nobody cares. The federal government is so mind-numbingly incompetent it actually owes 7.4 trillion dollars, a figure so large it is truly incomprehendible. Who's responsible for it? You and I, kids, because you see, the federal government actually has no money, it spends the money it takes from us.
It's our debt, ain't it great?
_________________ For your sake I hope heaven and hell are really there but I wouldn't hold my breath
Post subject: Re: U.S. government hits $7.4 trillion credit limit.
Posted: Wed Oct 20, 2004 3:58 am
Spaceman
Joined: Mon Oct 18, 2004 1:03 am Posts: 24177 Location: Australia
Man in Black wrote:
Just who exactly do we owe 7.4 trillion dollars to?
Me. And I will be increasing interest rates.
_________________ Oh, the flowers of indulgence and the weeds of yesteryear, Like criminals, they have choked the breath of conscience and good cheer. The sun beat down upon the steps of time to light the way To ease the pain of idleness and the memory of decay.
Post subject: Re: U.S. government hits $7.4 trillion credit limit.
Posted: Wed Oct 20, 2004 12:43 pm
Johnny Guitar
Joined: Mon Oct 18, 2004 3:26 pm Posts: 240
Man in Black wrote:
Feds will perform "accounting manipulations" to stay under the cap until congress can raise the debt ceiling(which of course inevitably they will).
It does beg the question: How does the richest nation on earth get 7.4 trillion dollars in debt?
Also: Just who exactly do we owe 7.4 trillion dollars to?
...the answers are fatal.
I guess when you live in the supposed richest nation in the world, you don't even start to understand how poor you really and truly are. You can only live on credit and loans for so long. No wonder they stopped the debt clock in NYC. It was starting to get a little stupid to say the least.
"Look how rich we are, but look at the debt we are racking up."
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