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How Much Does The US Owe? How Big Is The US Debt?

Hits: 25048 | Rating: (2.8) | Category: News & Politics | Added by: AntEconomist
Page: 1 2 3 4 5 Next >   Jump to: Bottom    Last Post
dang007
Male, 30-39, Southern US
 594 Posts
Friday, February 18, 2011 1:48:40 PM
The problem with these types of graphs is that they are comparing data over multiple time frames. The GDP numbers are for ONE year, while the unfunded mandates are multi year obligations.

D3rAnG3d
Male, 18-29, Eastern US
 1603 Posts
Tuesday, February 15, 2011 11:25:31 AM
We had our fingers crossed when we promised that money... doesn't count

Flashpacker
Male, 18-29, Europe
 665 Posts
Tuesday, February 15, 2011 7:05:06 AM
Ah, silly little human

Samsquanch
Male, 30-39, Canada
 794 Posts
Tuesday, February 15, 2011 3:51:59 AM
TheShgn2...what you'll see happen is an unrest within the "empire". Economic trade will decrease significantly to the country, and it's "puppet" states will begin to grow unruly, and begin to topple the regimes the empire had put into place long ago. Soon, it will lose control of all of it's overseas holdings, and it will begin to collapse internally.
Look what happened to the USSR in 1990.

michaelcsr
Male, 40-49, Western US
 598 Posts
Tuesday, February 15, 2011 3:33:51 AM
You know, if the greedy politians (from both ignorant parties) would have just left Social Security alone, our problem wouldn't have been half this bad. If we stop spending money on stupid s h i t, and cut some pay for the rich bastards in DC, we could take care of the other half in 10 years. This is why the two party system is doomed to fail or will destroy the nation, which ever comes first.

Angilion
Male, 40-49, Europe
 11645 Posts
Monday, February 14, 2011 8:27:16 PM
How come no one ever comes up with the numbers of what other countries owe us for money we gave them in world war II. Not trying to be a douche, if it's paid off then so be it, but I've heard it's not and we've essentially forgiven them their debts


Can you find any actual evidence of unpaid loans? Not what you've heard, but actual evidence?

If we're getting into that, can we have payment from the USA for the following things we gave them in WW2 and in many cases deliberately suppressed in the UK to give the USA free run at profiting from them after the war.

RADAR
Jet engine
Programmable electronic computer
Controllable supersonic aeroplane

Just 4 off the top of my head. I could find the rest if I looked it up, or at least the transfers that were declassified in the 90s.

In case you're wondering, the UK also repaid its post-war rebuilding loan from the USA in full, with interest.

TheShgn2
Male, 13-17, Southern US
 631 Posts
Monday, February 14, 2011 7:49:20 PM
I honestly want to know, no sarcasm or anything, who's going to make the us pay their debts? Its not like nuking us would get money from us.

SilverThread
Male, 30-39, Western US
 3377 Posts
Monday, February 14, 2011 5:35:24 PM
Eh, sure but the world's gonna end in 2012 anyhow.

DotCommunism
Male, 18-29, Eastern US
 29 Posts
Monday, February 14, 2011 3:54:42 PM
The rest of the world wouldn't keep buying up our debt if they didn't NEED to because WE buy all of the stuff THEY make. It's a messed up situation for sure, but our ridiculous debt isn't really anything to worry about UNTIL India/China have a large and legitimate middle class with expendable income.

phoneybone
Male, 18-29, Western US
 1750 Posts
Monday, February 14, 2011 3:29:40 PM
How come no one ever comes up with the numbers of what other countries owe us for money we gave them in world war II. Not trying to be a douche, if it's paid off then so be it, but I've heard it's not and we've essentially forgiven them their debts

Boredered
Male, 18-29, Western US
 2918 Posts
Monday, February 14, 2011 11:11:18 AM
Chimmey got ma hopes up
yeay america

SwyvedLegacy
Female, 18-29, Canada
 162 Posts
Monday, February 14, 2011 8:48:03 AM
"so in the last 100 years we have borrowed a little more then the world makes in a year? the GDP of the U.S. is around 13 trillion monies... In other words we owe what our country makes in 5 years..."

So essentially it's like the US mortgaged a really nice house?

BTW, what is the exchange rate on monies in dollars?

chimmeychang
Male, 30-39, Southern US
 682 Posts
Monday, February 14, 2011 7:53:16 AM
so in the last 100 years we have borrowed a little more then the world makes in a year? the GDP of the U.S. is around 13 trillion monies... In other words we owe what our country makes in 5 years...

Angelmassb
Male, 18-29, S. America
 15498 Posts
Monday, February 14, 2011 6:56:40 AM
If I could have 1% of all that money

shadowarrior
Male, 18-29, Eastern US
 229 Posts
Monday, February 14, 2011 6:40:21 AM
Reminds me of Fable 3...

KPres
Male, 30-39, Eastern US
 309 Posts
Monday, February 14, 2011 6:22:40 AM
"Where does he get the 65 trillion figure? I would like the CFR on such. I think he has over-hyped the sum. The gross national debt is around 14 trillion and is currently offset by the 6 trillion in US trust funds making a total of 9 trillion in debt held by the public."

That doesn't include entitlement programs. When you add those in, you get the $60 trillion figure. He even talked about all that in the video.

keith2
Male, 18-29, Midwest US
 2578 Posts
Monday, February 14, 2011 6:12:14 AM
China got deebo'd the most.. sittin there holdin their busted eye runnin back to their daddy's escort cryin

keith2
Male, 18-29, Midwest US
 2578 Posts
Monday, February 14, 2011 6:10:10 AM
To all the other countries we owe money to: That's our money now punk! (Daaayum! you got knocked the fxck out!!)

Dagaz20
Female, 18-29, Canada
 382 Posts
Monday, February 14, 2011 6:07:04 AM
holy poo!

KPres
Male, 30-39, Eastern US
 309 Posts
Monday, February 14, 2011 5:57:07 AM
"Interesting but misleading."

Here's a way of saying it that's not misleading: If the total debt is $60 trillion, then each American owes around $200,000. That's a new house you could have bought with straight cash were it not for the debt.

wiscesq
Male, 30-39, Midwest US
 97 Posts
Monday, February 14, 2011 5:26:00 AM
Interesting but misleading. Debt figures are totals, GDP is an annual figure. What he is really saying is that all US debt and future social security and medicaid payments could be paid off with one year's worth of the total GDP of the world. The debt and future social security/medicaid payment are liabiities spread out over 30-80 years.

martinikene
Male, 18-29, Europe
 307 Posts
Monday, February 14, 2011 4:50:30 AM
So countries like Mexico is going to have immigrants from US mow their lawn and stuff?

rebetikas
Male, 30-39, Australia
 216 Posts
Monday, February 14, 2011 4:03:03 AM
Seems like one big ass pyramid scheme you guys have going there.

Thonious
Male, 40-49, Western US
 952 Posts
Monday, February 14, 2011 2:51:11 AM
You can manipulate figures to make things appear worse or better than they are to serve your agenda.

The correct representation would have been the present value of future obligations, which is considerably less than the amounts he showed.

Comparing long-term debt to current GDP is incredibly misleading.

phoneybone
Male, 18-29, Western US
 1750 Posts
Sunday, February 13, 2011 11:30:55 PM
these are dumb. I don't want or care to know how much the gov't has "promised" to may me or anyone, just how much we OWE. I can promise to pay my buddy 100 trillion dollars in 50 yrs, but my creditors would not say I'm in debt by 100 trillion dollars.

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