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US debt clock
Old 02-05-2010, 06:15 PM   #1
Recycles dryer sheets
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US debt clock

Has anyone seen this site?

U.S. National Debt Clock : Real Time

Scary stuff!
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Old 02-05-2010, 06:34 PM   #2
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Awesome avatar.

Yeah. I seen it. Not scary. Probably wont be scary till something super drastic happens. Like soldiers entering my home. A loaf of bread costing 10 dollars. The dollar is worth more to burn than wood... Yeah not so scary yet.
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Old 02-05-2010, 09:07 PM   #3
Full time employment: Posting here.
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Looks absolutely bleak. That's why they say those who are oblivious lead happier lives...
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Old 02-05-2010, 09:27 PM   #4
Recycles dryer sheets
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And the numbers are so big! Could have rounded them off to trillions, billions or even millions.
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Old 02-05-2010, 09:45 PM   #5
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A nice inheritance to leave for future generations.
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Old 02-05-2010, 09:49 PM   #6
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For shear terror, I think the debtclock beats any Steven King/Friday the 13th movie.
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Old 02-07-2010, 06:01 AM   #7
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Yes and it stresses me out. I'm not going to open that link....
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Old 02-07-2010, 07:42 AM   #8
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Tough choice ahead.






If our politicians and electorate were mature enough to deal with this like responsible adults it's still a pretty manageable problem. But I fear we've long passed the era of dealing with things as adults.
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Old 02-07-2010, 07:57 AM   #9
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So to those who wonder whether the answer to the deficit is lower spending or higher taxes, the answer is YES to both.

In 2010 spending as a % of GDP is 25.4%, its highest level since 1945. Meanwhile tax receipts are expected to be 14.8% of GDP, their lowest level since 1950.

Its pretty clear that the way we got here is by both spending too much and taxing too little. Both sides have to come down from the barricades and meet in the middle if this is ever going to get solved. I'm not optimistic.
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Old 02-07-2010, 08:18 AM   #10
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Here is an interesting take on it.
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Old 02-07-2010, 08:28 AM   #11
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I believe in equilibrium. We are not there yet.
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