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Forum Post: The Debt.

Posted 2 years ago on Jan. 29, 2012, 4:03 p.m. EST by JonFromSLC (-107) from West Valley City, UT
This content is user submitted and not an official statement

This is what OWS should be against.

www.usdebtclock.org

15 Comments

15 Comments


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[-] 2 points by XaiverBuchsIV (508) 2 years ago

Nope. We should be against the kind of irresponsibility that allowed the accumulation of such debt, starting with Reagan's tax cuts and extending to absolute corporate control of the electoral and legislative process.

[-] -2 points by JonFromSLC (-107) from West Valley City, UT 2 years ago

how about the 195ish years it took for us to accumulate 1 TRILLION in debt, from Washing to Reagan, then the 30 years hence that we've accumulated 15 more.

[-] 2 points by XaiverBuchsIV (508) 2 years ago

Debt to GDP in 1945 was 120%. Debt to GDP in 1980 was around 30% thanks to progressive tax policy. Reagan tripled the debt with massive deficit spending, and it has been downhill ever since.

It's long past time to educate yourself, but that doesn't mean it's too late to start.

[-] 0 points by JonFromSLC (-107) from West Valley City, UT 2 years ago

what's your point exactly?

[-] 1 points by XaiverBuchsIV (508) 2 years ago

Debt is not the problem, it is a symptom of the problem.

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[-] -1 points by JonFromSLC (-107) from West Valley City, UT 2 years ago

thanks for hijacking my post with your spam.

[-] 1 points by nucleus (3291) 2 years ago

You are an idiot. Bank Guarantees and Standby Letters of Credit are a commentary on the stupidity of your topic post.

[-] 1 points by MonetizingDiscontent (1257) 2 years ago

-Good Post- JonFromSLC


::::::::::::::::::::: ¥1,086,000,000,000,000 (Quadrillion) In Debt And Rising ::::::::::::::::::::

::::::::::::::::: And WhyThe ¥ Will Soon Be A $: "A Lost Decade... Or Two" :::::::::::::::::

http://www.zerohedge.com/news/%C2%A51086000000000000-quadrillion-debt-and-rising-and-whythe-%C2%A5-will-soon-be-lost-decade-or-two

-01/26/2012-

Also please Consider: http://occupywallst.org/forum/15oooooooooooo-its-official-total-us-debt-passes-1/


:::::::::::::::::::: Debt Ceiling 101, Rick Santelli Sounds Off ::::::::::::::::::::

(((CNBC News Video))) http://www.zerohedge.com/news/debt-ceiling-101-santelli-sounds

-01/27/2012-

In an effort to reach the angry mob, CNBC's Rick Santelli goes all Sesame Street on the numbers behind the US Debt Ceiling Rise. Focusing for two minutes on what this practically means for every man, woman, child, and politician, the shouting Chicagoan points out that when the US breaches this new limit then the world's entire population will be on the hook for $2,346 each.

(and $52,409 per US person).


[-] 1 points by MattLHolck (16833) from San Diego, CA 2 years ago

taxes run all governments

[-] 0 points by JonFromSLC (-107) from West Valley City, UT 2 years ago

debt kills all governments.

[-] 1 points by NKVD (55) 2 years ago

I don't think most Americans care about the debt. They should. But I don't think even congress really cares about it .

[-] 1 points by JonFromSLC (-107) from West Valley City, UT 2 years ago

of course they dont, it's been 1000 days since they passed a budget... congress is inept and should be thrown out of office for disobeying their oath.

[-] 0 points by FreeDiscussion1 (109) 2 years ago

In the evenings my wife typically watches shows on TV where there is a competition between 3 or 4 people. The winners usually get $20 to $50K. Some even more. At the end of the show the winners are jumping up and down and sometime cry. The host of the shows always ask them, "So what are you going to do with the money?" With tears running down their face they usually say, "Pay off all my loans and debt then maybe go on a vacation." This in almost every show. My question, if nearly every person on TV has a huge debt and are willing to do really stupid things to win and pay down their debt, why are people on here never interested in paying down the $15 Trillion debt that our children will be paying off? Everybody but liberals want to get rid of debt. Why would you want to live your life with huge debts?

[-] 0 points by economicallydiscardedcitizen (761) 2 years ago

Hey neighbor in UT! Was ready to post usdebtclock.org if your post did not have it included. Yes, even famed big time real estate mogul Sam Zell concurs see www.nreionline.com "The era of 'Pretend and Extend' is over!"

Best from Reno, NV