Our national debt..

[Albert0373]

The debt clock in Manhantan ran out of spaces for digits!





Live debt clock: http://oddhammer.com/tutorials/debt_clock/

TWO extra spaces?? What are they expecting?...appalling...

[jacobnbr1]

Originally Posted by Albert0373

The debt clock in Manhantan ran out of spaces for digits!





Live debt clock: http://oddhammer.com/tutorials/debt_clock/

TWO extra spaces?? What are they expecting?...appalling...

I don't even know why they even put a counter on it anymore....

They are expecting to run it skyhigh and then look to the people we owe and say "Well the people have the absolute power and they didn't seem to care, we were just answering their prayers when we heard them cryout"

Das right, blame it on the people for not abolishing a corupt government and taking a stand.

[englishman26]

There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.
- Richard Feynman

[madcowdisease]

Deficit is ever more in vogue these days:

http://online.wsj.com/article/SB122401475528233583.html

[concrete]

Here's my suggestion for eliminating the debt:

Start a program that has three specific missions.

1- Convert all US Debt to US Citizen owned debt
2- Institute "savings note" retirement and savings instruments to replace social security
3- Sequester National Debt/Retirement Fund away from ALL National Budget consideration.

This would provide a program where US Citizens would own the debt, make the profits on the interest reduce the debt through timed reduction of debt instruments and push toward Retirement fund accounts. After Citizens held savings bonds for X years [10-15] conversion to traditional investment instruments would be fully optional.

This would give 100% ownership in the US Debt to citizens, keeping all interest "in house", allowing reinvestment to accelerate both debt reduction and savings augmentation to supplement diminishing SSI account status.

It would need to be treated like the old War Bonds program at first to get the interest up. It would, once started and with proper incentive [fair interest rate] move many folks into investing in their future, eliminating need for government assistance at retirement.

[Wardaddy]

Originally Posted by concrete

Here's my suggestion for eliminating the debt:

Start a program that has three specific missions.

1- Convert all US Debt to US Citizen owned debt
2- Institute "savings note" retirement and savings instruments to replace social security
3- Sequester National Debt/Retirement Fund away from ALL National Budget consideration.

This would provide a program where US Citizens would own the debt, make the profits on the interest reduce the debt through timed reduction of debt instruments and push toward Retirement fund accounts. After Citizens held savings bonds for X years [10-15] conversion to traditional investment instruments would be fully optional.

This would give 100% ownership in the US Debt to citizens, keeping all interest "in house", allowing reinvestment to accelerate both debt reduction and savings augmentation to supplement diminishing SSI account status.

It would need to be treated like the old War Bonds program at first to get the interest up. It would, once started and with proper incentive [fair interest rate] move many folks into investing in their future, eliminating need for government assistance at retirement.

I'm voting for you as prez concrete. The only problem is that a big majority of Americans are too dumb and ignorant to invest in their future, whether it helps the country or not.