dept

[feichen]

America has a debt that is rising with 70.000 dollar each second.
The total american dept is about 34 trilioun dollar.
Thats about 119.422 dollar per civilian.

http://mwhodges.home.att.net/debt.htm
http://mwhodges.home.att.net/debt.html

there's also a site that calculates the debt for each second, but couldnt find it....

i wonder where all the money is comming from and how (if) they are gonna repay it

 

[Cown]

If they are in debt that needs to be paid or need money for something that the have no funding for they borrow money, which created the large debt... but I must say that amount is crazy

 

[CalcuoCuchicheo]

How are they going to repay it? Hmmm?

Their solution will be, as it's always been, two fold.

1. Screw the people ('the people' being ordinary persons worldwide)

2. Never fully pay it back. Like a lot of individuals to with credit cards (although, grantd, on a much smaller scale), pay a little bit off now & again & immediately spend what you have paid off. Countries, like people, are very rarely debt-free at any given moment.

 

[Glockmatic]

Missile Defense = 10 billion a year for 6 years for something that doesn't even work and will never work. Gotta love the new budget you guys have

 

[BC_BIGBUDZ420]

so if iraq made you guys broke what do you think is gon happen when you invade iran

you can prob x that by 3-4


have fun

 

[chaos]

What u guys must realise the bigger the debt the bigger the economy, most of the worlds economies and currencies are based on a debt system, which is why this is the case, no country will ever be able to repay all of its debt because of interest added to the debt, which means countries will always have to continue to pay.

 

[Dave D]

Its like that for nearly all countries I believe .. not at this extreme rate, but everyone is in debt.

 

[devils_advok8]

I just cant understand how a nation could have some much money to pay back?

 

[Missy "C"]

I just cant understand how a nation could have some much money to pay back?

you would if you lived here, Argentina! it's something crazy here...

 

[hussain4891]

especially the boca and river fans

 

[The.Menace]

I can not understand why people care that less about all the depts Bush made in his first years. No, they did vote him again and he keeps going this way but one day, ya all have to pay for this you know. And did you read about the new Budget? Cuttin down on social and health issues (for the poor) while increasing the amout of money for military and homeland security. :great job:

 

[chaos]

you would if you lived here, Argentina! it's something crazy here...

Argentina is a perfect example of the problems with the debt based monetary system that runs the world, and how despite all its resources a country like that can lose so much.