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Old 08-25-2009, 06:31 AM   #1
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Default Yeah, I think we are broke!

http://www.usdebtclock.org/

WOW, just flipping WOW! I am no financial wizard, but this is going to be tough to pay off.
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Old 08-25-2009, 08:13 AM   #2
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Default Re: Yeah, I think we are broke!

This congress and President haven't stopped spending...not by a LONG shot.

One of the things that really stands out to me is the Medicare fraud, which is approaching 40 billion. Medicare has been referred to a LOT as a government run healthcare system that's really super great and efficient, and, I guess, compared to other government programs it is all those things, but compared to reality, or even a company like McDonald's it seems like a very corrupt and inefficient system. The scary thing is it is relatively small when contrasted against a true single payer system...it's really difficult to extrapolate just how amplified that fraud number may eventually end up being (not to mention the ramifications it will have on some of the other numbers on this site) if the Nancy Pelosi's of this World have their way.
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Old 08-25-2009, 08:24 AM   #3
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Default Re: Yeah, I think we are broke!

That is some scary stuff.

Awaiting the "PANIC" smiley from the left in 1, 2, 3. . . . .
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Old 08-25-2009, 08:36 AM   #4
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Default Re: Yeah, I think we are broke!

Come on... lets just "hope" things will "change"....
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Old 08-25-2009, 12:12 PM   #5
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Default Re: Yeah, I think we are broke!

Yup...And just wait till the 644 trillion in toxic debts hit.

And according to Charles Payne the totals on the clock are very, very conservative.
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Old 08-25-2009, 12:19 PM   #6
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Default Re: Yeah, I think we are broke!

I've been round and round on this already, but the bottom line is that if spending isn't checked, this country will either be bankrupt in 10 years, or tax rates will be through the roof. And before any liberal here even says it, yes, I know Obama inherited this debt. But his massive spending bills, whether they've been implemented or have been proposed, do nothing but make the problem that much worse. I'm tired of the government running on a "credit card" mentality. Time to start tightening the belt.
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Old 08-25-2009, 12:33 PM   #7
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Default Re: Yeah, I think we are broke!

Quote:
Originally Posted by X-Terminator View Post
I've been round and round on this already, but the bottom line is that if spending isn't checked, this country will either be bankrupt in 10 years, or tax rates will be through the roof. And before any liberal here even says it, yes, I know Obama inherited this debt. But his massive spending bills, whether they've been implemented or have been proposed, do nothing but make the problem that much worse. I'm tired of the government running on a "credit card" mentality. Time to start tightening the belt.

What? Didn't you know that spending trillions will actually lower the deficit and create or save millions of jobs.
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Old 08-25-2009, 12:38 PM   #8
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Default Re: Yeah, I think we are broke!



Cmon, dont you guys know that this is just a right wing scare tactic...crazy coservative nutcases just panicking over nothing................right Tony
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Old 08-25-2009, 02:38 PM   #9
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Default Re: Yeah, I think we are broke!

"We have to spend a lot of money to keep from going bankrupt"

< Joe Biden >

That's pretty much all you need to know about "Obamanomics"
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Old 08-25-2009, 03:37 PM   #10
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Default Re: Yeah, I think we are broke!

Change yes we can,,,,,,ummmmm NO he cant !!
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