National Debt hits $16 000,000,000,000!!!!!!!! | TigerDroppings.com
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taylormade
Alabama Fan
Tumbleton
Member since Jan 2011
8540 posts

National Debt hits $16 000,000,000,000!!!!!!!!

That's 16 million - million dollars!!!

LINK /


GRETA VAN SUSTEREN, FOX NEWS HOST: We're back live in Charlotte, and tonight the Democratic National Convention opening. Just as the U.S. national debt tops $16 trillion. Republicans are blasting President Obama for the out-of-control debt. Here is vice presidential nominee, Paul Ryan, at an Iowa rally today.

Read more: LINK


This post was edited on 9/6 at 3:06 pm



southernelite
LSU Fan
New Orleans
Member since Sep 2009
43313 posts
Online

re: National Debt hits $16 000,000,000,000!!!!!!!!
germans


taylormade
Alabama Fan
Tumbleton
Member since Jan 2011
8540 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
Should be a sticky!!!
Almost 4 billion a day since 2007..


Queen
LSU Fan
383 miles from Death Valley
Member since Nov 2009
2779 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
And I bet they mention that little factoid exactly zero times tonight.


taylormade
Alabama Fan
Tumbleton
Member since Jan 2011
8540 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
All they talk about are how we will do this & free this & that..
Sickening...


Queen
LSU Fan
383 miles from Death Valley
Member since Nov 2009
2779 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
Nah they want it to be paid for...just by those who don't already contribute their fair share.


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BestBanker
LSU Fan
stuck in a moment
Member since Nov 2011
4080 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
quote:

should be a sticky


Better yet, the OP should read,

"16,000,000,000,000!"

wow is all I can emit. That's a a lot, and about 1/3 was added during this past administration's "reign".
This post was edited on 9/6 at 7:52 am


CamdenTiger
Member since Aug 2009
29746 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
quote:

should be a sticky


Yep, 800lb Gorilla, that no one wants to acknowledge.


DownshiftAndFloorIt
LSU Fan
The devil dreams on an idle horse
Member since Jan 2011
43006 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
quote:

Almost 4 billion a day since 2007


Boy does that ever put it into perspective


BestBanker
LSU Fan
stuck in a moment
Member since Nov 2011
4080 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
4 BILLION!

PER DAY!


Cmon?! We deserve better than this.


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BestBanker
LSU Fan
stuck in a moment
Member since Nov 2011
4080 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
Let's say that the president is reelected.

What is his plan to reduce or solve this problem?
Certainly there are not enough tax dollars that can be collected from the populace that can reducw this debt, especially in this depressed economy. Our gross economy produces something like 2 trillion per year? Is this a correct number?


a want
LSU Fan
North America
Member since Oct 2010
11502 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
IMO our deficit/debt woes are the biggest problem facing our country, but don't act like the republicans party is serious about getting it under control. They have been very effective at convincing people they are fiscally responsible but in practice...they're just as bad as the democrats. How many significant spending cuts have been implemented since the 80s? Answer: 0 maybe 1.


CamdenTiger
Member since Aug 2009
29746 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
Ryan is at least trying, even has a budget that got votes. Its not hard to guess who would be better in this issue. Some interest group will have to experience pain, or we all will....


Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
121325 posts
Online

re: National Debt hits $16 000,000,000,000!!!!!!!!
quote:

IMO our deficit/debt woes are the biggest problem facing our country, but don't act like the republicans party is serious about getting it under control. They have been very effective at convincing people they are fiscally responsible but in practice...they're just as bad as the democrats. How many significant spending cuts have been implemented since the 80s? Answer: 0 maybe 1.

Agreed

Unfortunately the only way to address it is to have entitlement reform

Both parties have lacked the leadership to be honest and address this issue


a want
LSU Fan
North America
Member since Oct 2010
11502 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
quote:

Ryan is at least trying


with $0 defense cuts?



a want
LSU Fan
North America
Member since Oct 2010
11502 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
quote:

Unfortunately the only way to address it is to have entitlement reform

Both parties have lacked the leadership to be honest and address this issue

yup. Unfortunately there's no political will b/c everybody in office want "the next guy" to deal with it.


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Ford Frenzy
New Orleans Saints Fan
337 posts
Member since Aug 2010
5730 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
quote:

with $0 defense cuts?
because that's the ONLY way to reduce the deficit


BestBanker
LSU Fan
stuck in a moment
Member since Nov 2011
4080 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
quote:

because that's the ONLY way to reduce the deficit


U.S. military spending embodies approximately 20 percent of the total budget!!!


quote:

Will notes that the U.S. defense budget “is about 43 percent of the world’s total military spending—more than the combined defense spending of the next 17 nations.” To put this argument in perspective, Americans spend 14 times more money on charitable giving ($307 billion in 2008) than the Italians, seven times more than the Germans, and three-and-a-half more times than the French. Does this mean that Americans should discontinue their generosity because it far outweighs similar spending in other nations? Also, Americans spent approximately $48.3 billion on pet care in 2011. This figure is higher than the individual defense expenditures of France, Germany, Saudi Arabia, India, Brazil, South Korea, Canada, Australia, and Israel.

quote:

In the end, the U.S. defense spending should be based on what is needed to defend Americans and not on arbitrary comparisons to other countries.

quote:

U.S. military spending embodies approximately 20 percent of the total budget and is only 4 percent of overall gross domestic product. In contrast, entitlement spending will soon represent the entire federal budget if left unbridled.


LINK


Scruffy
USA Fan
Member since Jul 2011
38309 posts
Online

re: National Debt hits $16 000,000,000,000!!!!!!!!
Yes, defense spending should be reduced, but the more important factoid is the last sentence of your post.

quote:

In contrast, entitlement spending will soon represent the entire federal budget if left unbridled.
That is a serious problem.


BestBanker
LSU Fan
stuck in a moment
Member since Nov 2011
4080 posts

re: National Debt hits $16 000,000,000,000!!!!!!!!
Exact point that was made! Entitlement spending is the killer, but 1/2 the people do not accept this reality.


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