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  1. #1
    Cassandra Syndrome Cassandra Syndrome is offline
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    US Government Debt passes $16 Trillion

    Another milestone in the exponential rise in US debt. It was only last September that $15 Trillion was reached. US GDP is just over $15 Trillion per annum. Here are the projected numbers

    $17 trillion on June 10, 2013;
    $18 trillion on March 23, 2014;
    $19 trillion on January 3, 2015; and
    $20 trillion on October 16, 2015
    $16,OOO,OOO,OOO,OOOBAMA! | ZeroHedge



    What more is there to say?
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  2. #2
    odlum odlum is offline
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    Boring. The US can eternally print it's way out of it's problems and will always benefit from exceptionalism. Move along. Nothing to see here.
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  3. #3
    RobertW RobertW is offline
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    Quote Originally Posted by Cassandra Syndrome View Post
    What more is there to say?
    The debt really took off in the early 80s when Reagan came to power.

    Slowed down slightly under Clinton.

    Took off again under idiot Bush Jr.

    What more is there to say?

    Don't elect Republicans.
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  4. #4
    bogtrotter bogtrotter is offline

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    They are on their way to becoming a 3rd world economy...
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  5. #5
    Tea Party Patriot Tea Party Patriot is offline
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    Quote Originally Posted by odlum View Post
    Boring. The US can eternally print it's way out of it's problems and will always benefit from exceptionalism. Move along. Nothing to see here.
    Yes the worlds largest economy burying itself under a pile of debt is boring. There will be a tipping point in this unsustainable cycle, the magic money tree is not going to last.

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  6. #6
    gerhard dengler gerhard dengler is offline
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    Phenomenal level of debt.

    This $16 trillion is distinct from other categories of debt such as American student indebtedness, personal levels of indebtedness, mortgage debt, corporate debt...................
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  7. #7
    Tea Party Patriot Tea Party Patriot is offline
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    Quote Originally Posted by RobertW View Post
    The debt really took off in the early 80s when Reagan came to power.

    Slowed down slightly under Clinton.

    Took off again under idiot Bush Jr.

    What more is there to say?

    Don't elect Republicans.
    Really? The incumbent Democrat has just managed to nearly double it and will more that do so if he is left in office.
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  8. #8
    Cassandra Syndrome Cassandra Syndrome is offline
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    Quote Originally Posted by RobertW View Post
    The debt really took off in the early 80s when Reagan came to power.

    Slowed down slightly under Clinton.

    Took off again under idiot Bush Jr.

    What more is there to say?

    Don't elect Republicans.
    Indeed, don't forget poxy Nixon, he took the dollar off the Gold Standard in 1971. Everything went nuts since then. What more is to say is that you forgot Obama. When he became President the debt was at just over $10 trillion. Now its $16 trillion and he's a Democrat.
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  9. #9
    Cassandra Syndrome Cassandra Syndrome is offline
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    Quote Originally Posted by odlum View Post
    Boring. The US can eternally print it's way out of it's problems and will always benefit from exceptionalism. Move along. Nothing to see here.
    What securities can the Federal Reserve eternally buy to keep printing?
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  10. #10
    West-Cork West-Cork is offline

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    I don't profess to understand the complexities of the financial world, but the graphics on this page do surely make you stop and wonder...

    Derivatives Bank Exposure

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