National Debt Grows At $1 Million A Minute

AP   |  Tom Raum   |   December 3, 2007 05:43 PM


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Like a ticking time bomb, the national debt is an explosion waiting to happen. It's expanding by about $1.4 billion a day - or nearly $1 million a minute.

What's that mean to you?

It means almost $30,000 in debt for each man, woman, child and infant in the United States.

Even if you've escaped the recent housing and credit crunches and are coping with rising fuel prices, you may still be headed for economic misery, along with the rest of the country. That's because the government is fast straining resources needed to meet interest payments on the national debt, which stands at a mind-numbing $9.13 trillion.

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- Tator See Profile I'm a Fan of Tator permalink

And you Liberal dunderheads think Social Security, National Health Care.....and on and on will be around in 30 years. Fools.

    Favorite    Flag as abusive Posted 05:51 AM on 12/05/2007
- Ramirez See Profile I'm a Fan of Ramirez permalink

The best real time "Debt Clock" on the web can be found at The Skeptical Optimist.

http://www.optimist123.com/

    Favorite    Flag as abusive Posted 02:15 PM on 12/04/2007
- SisterAnn See Profile I'm a Fan of SisterAnn permalink

Forget Ron Paul. He is worse than the republicans.

    Favorite    Flag as abusive Posted 12:35 PM on 12/04/2007
- Grannysue See Profile I'm a Fan of Grannysue permalink

I almost wet my pants laughing at Bush telling everyone this morning in his little "news Confrence", more like a propaganda confrence, how the Democrats are going to be sending him a bill with a lot of pork in it and by golly he's going to Veto it! HAHAHAHAHAHAHA, the eintire time the GOPERS were in power he never questioned, vetoed, etc., anything he wanted he got. As a result our country is bankrupt, and those who are heading for retirement sooner rather then later will suffer, as does our infrastructure, schools, you name it.
I figure since all the oil companies and their croonies have become mult millionares and in some cases billionaires, then send them the bill. Tell them George charged up his credit card way to much and they will have to bail him out. Because the American public are going bankrupt too.
I'm not sure our country can survive another year of Bush/Cheney. Because our price tag will have doubled by then and guess what folks, these people are laughing all the way to the bank.

    Favorite    Flag as abusive Posted 11:48 AM on 12/04/2007
- SolarPowerGuy See Profile I'm a Fan of SolarPowerGuy permalink

$1 million per minute?

Let's do the math: at roughly $100 billion/year, "supplemental" Iraq spending accounts for $190,000/minute.

A really, really quick way to correct 19% of our overspending would be to STOP THE WAR.

If we can be honest about the growth in the rest of the military budget -- the part that isn't called "supplemental spending" -- then we would find at least another $100 billion being flushed down the Pentagon.

Finally, at the time that they were passed into law, the Bush tax cuts of 2001 were widely described as costing the government $1 trillion over ten years. If you reverse those tax cuts, you have another $100 billion/year.

All we have to do is ignore the fear and greed which Republicans are so good at cultivating, and we can easily reduce deficit spending by 60 percent in one year.

    Favorite    Flag as abusive Posted 11:47 AM on 12/04/2007
- LorettaSingbiel See Profile I'm a Fan of LorettaSingbiel permalink

The National Debt expansion will explode, meaning almost $30,000 in debt for each man, woman, child and infant in the United States.

(That's CHUMP CHANGE for our war profiteers and THEIR loved ones!)

Bush calls for deficit reduction with vetoes and veto threats on "entitlement programs".

(Such as Baby Boomers' Social Security and Medicare benefits, putting new demands on the government"s resources!?)

When the National Debt EXPLOSIVES are strapped to every man, woman, child and infant in the United States, some "entitlement programs" may be needed to help EACH of them pay that THIRTY THOUSAND DOLLARS in debt!?

The national debt is up from $5.7 trillion when President Bush took office in January 2001, and will top $10 trillion sometime right before or right after he leaves in January 2009.

Aggravating the debt picture: the WARS in Iraq and Afghanistan, which the nonpartisan Congressional Budget Office estimates could cost $2.4 TRILLION over the next decade.

Democrats are blaming Bush and his Republican allies for resisting improvements in health care, education and other vital areas, while seeking nearly $200 BILLION in NEW Iraq and Afghanistan war spending.

Listen up folks! DO NOT allow Bush to PASS THE BUCK to the next President! No more MONEY for WAR! No more WAR for OIL!

Bringing our troops home and taking care of them, along with ALL americans ... PRICELESS!!!

Stay safe, healthy and happy,
Love, Loretta

    Favorite    Flag as abusive Posted 10:06 AM on 12/04/2007
- chronic See Profile I'm a Fan of chronic permalink

National Debt Grows At $1 Million A Minute








Conservative spending has destoryed our economy!!!!!

    Favorite    Flag as abusive Posted 08:27 AM on 12/04/2007
- BenjitheWolfdog See Profile I'm a Fan of BenjitheWolfdog permalink

No need to worry, there is a simple cure that we have always relied on, its called inflation. Sure its a little hard on the little people but who cares as long as Bush and his privileged friends come out ahead.

    Favorite    Flag as abusive Posted 12:05 AM on 12/04/2007
- researcher See Profile I'm a Fan of researcher permalink

spend more who cares our grandchildren will have to pay for it not us. american's shop till you drop it is good for the economy.

any country that does not care for the 47 million without health care is not going to get that upset with some debt their grandchildren have to pay off.

who cares if america is becomming a nation of billionaires and have nots. I plan on being one of the have mores.$$$$$$$$

this is all about me individualism is the american way. we are the best of everything in the world. even hannity says that and I trust him he is on a fair and balanced tv station.

greed is good is our motto. besides after we bomb iran all that oil from iraq and iran will pay off that debt. puppets governments are wonderful.

get a life and quit worrying about the future bush and cheney have everything under control.

I trust them they are good christian men. we can only hope we do away with term limits so they can run the country 8 more years.

signed
evangel neo con

Ps god I love capitalism. jesus was a capitalist you know.

    Favorite    Flag as abusive Posted 10:54 PM on 12/03/2007
- Stevelagain See Profile I'm a Fan of Stevelagain permalink

The Democrats are spending more than the Republicans and have become another corrupt, do-nothing congress.

Where is the balanced budget?

Where is a fix for social security?

Where is a fix for Medicare?

Where is our secure southern boarder?

where is national health care?

Why is the democrat congress doing nothing about these major issues?

    Favorite    Flag as abusive Posted 10:48 PM on 12/03/2007
- GreedyOldPsychopaths See Profile I'm a Fan of GreedyOldPsychopaths permalink

That's $1,000,000 per minute at 7.50 points on the prime. Wait till Bernanke pushes the debt rate accelerator to 7.25 or even 7.00 points and see how fast it grows.

    Favorite    Flag as abusive Posted 10:05 PM on 12/03/2007
- shockmagog See Profile I'm a Fan of shockmagog permalink

United States national debt clock:
http://www.babylontoday.com/national_debt_clock.htm

United States Population clock:
http://www.census.gov/population/www/popclockus.html

Well, I don't like this one bit. The debt clock WAS rolling backward for a little while before the year 2000.

    Favorite    Flag as abusive Posted 10:01 PM on 12/03/2007
- themodernleader See Profile I'm a Fan of themodernleader permalink

Dishonest leaders and timid opponents who have no confidence in the good sense of the American people have brought us to this sorry state of affairs. As we face a mountain of public debt, our infamous leaders have given a bunch of crooked financiers the keys to the treasury...rather the printing press: the treasury is empty.
Bush Bunch have averred that the stock market is everything to their power. Therefore, it is safe to assume that the Federal Reserve will risk the total credibility of the dollar for the sake of Stock Market strength, the hell with fundamentals. Such a shameful policy will turn the responsible citizentry savings into worthless paper, as was the experience of the Weimar Republic.
This mortal danger is another reason why the President should be impeached and his entire cabinet and other officials resign as a patriotic duty to our beleagured Republic. Otherwise, all options may be shut off from rational discourse and ameloriation as events spin out of control, as was the terrible lesson in Germany of trying to pay off debt with a degraded currency.

    Favorite    Flag as abusive Posted 09:49 PM on 12/03/2007
- MetalCanuck See Profile I'm a Fan of MetalCanuck permalink

R. Paul warns about the country being bankrupted all the time, where will the social programs be if you have no money or the money is worthless? He says he wants to end all unnecessary foreign operations that could save up to a trillion a year and he says he will not have to cut the programs.

    Favorite    Flag as abusive Posted 09:45 PM on 12/03/2007
- MetalCanuck See Profile I'm a Fan of MetalCanuck permalink

Ron Paul warns about the country being bankrupted all the time, where will the social programs be if you have no money or the money is worthless? He says he wants to end all unnecessary foreign operations that could save up to a trillion a year and he says he will not have to cut the programs.

    Favorite    Flag as abusive Posted 09:44 PM on 12/03/2007
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