US National Debt

[Ignited Mind]

Stumbled upon this website. The stats are shocking to say the least. Have a look:

U.S. National Debt Clock : Real Time

 

[Ignited Mind]

US debt hits all-time record $14 trillion

US government debt has ballooned to an all-time record of more than $14 trillion, which is $45,300 for each and every US citizen if divided equally.


The US Congress must now decide whether to lift the debt limit or cut spending, although some political analysts say the real debt level is much higher than the announced figure, a Press TV correspondent reported from Washington.

US President Barack Obama has urged Congress to pass a bill allowing an increase of the debt limit to help protect the US economy.

However, the Republicans say there is too much money being spent on various programs.

After the Republicans won the majority of seats in the House of Representatives in the November election, they announced that one of their major objectives would be to cut spending.

The Democrats want the debt ceiling to be raised because they say the government programs are necessary.

They contend that in the period when the US is coming out of recession, cutting some of these spending initiatives would significantly slow down economic growth.

With the Republicans in control of the House and the Democrats in control of the Senate, political analysts predict some levels of concessions over the issue.

In 2006, when Obama was a senator, Republicans wanted to raise the national debt ceiling.

At that time, Obama argued that it was a sign of “leadership's failure” that the debt ceiling was being raised and was a sign that the US government could not pay its own bills and was dependent on financial assistance from foreign countries to finance former President George W. Bush's reckless fiscal policies.

Most experts say the debt ceiling cannot be raised until Democrats and Republicans reach an agreement on lowering federal deficit spending, reallocating funding for various programs, and making other spending cuts.

 

[xixi]

Easy, easy, US is a rich country.
Americans lives much comfortable than people in developing countries. They have huge GNP and very low exploition rate. By importing cheap goods from poor countries like China or India, their companies get 95% of total profit, companies in those developing countries get 4.5% of total profit, and workers there share the 0.5% left. Every 5 dollars those countries earn from the US, US get profit of 95 dollars. And don't forget US dollars are paper printed by the US. They can print more when it's not enough, and that's exactly what they are doing now.
Before worrying about the US, you should worry more about your countries' economic status.

 

[Ignited Mind]

Before worrying about the US, you should worry more about your countries' economic status.

I never understand how that 'logic' works with some people.

BTW, I'm just a curious observer, in a sympathetic way and not a satirical one. Notice the 'unhappy' icon in the thread title?

India is the country where US is most popular outside the US. I'm just one of those Indians who appreciate the US and who feel concerned about its economy.

My two cents:

The American people need to take a real hard look at the way their politicians are shaping up their country's economic policies.

 

[xixi]

I never understand how that 'logic' works with some people.

BTW, I'm just a curious observer, in a sympathetic way and not a satirical one.

What a nerve! Did I mention India in what I said in the last sentence? I said your countries, with no intention to offend anyone. I'm just an observer, in a sympathetic way to see how someone fawns some country.

 

[Ignited Mind]

Wow, don't be so sensitive. I said that with no intention to offend anyone. I'm just a observer, in a sympathetic way.

Ha Ha Ha!

Do you have something to contribute to the discussion?

 

[gambit]

Before worrying about the US, you should worry more about your countries' economic status.

It is not so much 'worrying' about US economic status but more about focusing on our problems to escape theirs. What people do not understand, or refuse to understand in order to continue that escapism, is that the American populace is rejecting the past 'big government' mentality that led US to the current economic problems. That rejection will involve painful remedies but it will cleanse the American political system of socialism, which Europe is trying to do. The result will be a stronger country in politics, economic, military, and an assertive foreign affairs policy.

 

[Ignited Mind]

What a nerve! Did I mention India in what I said? I said your countries, with no intention to offend anyone. I'm just a observer, in a sympathetic way.

You really need to work on your English, you know.

You said: your countries'

Which essentially means 'of your countries' i.e. belonging to India and others

You didn't say: your countries

Pay attention to what your English teacher says in class.

Ok? Bye for now!

 

[xixi]

You really need to work on your English, you know.

You said: your countries'

Which essentially means 'of your countries' i.e. belonging to India and others

You didn't say: your countries

Pay attention to what your English teacher says in class.

Ok? Bye for now!

Here comes a good Indian English teacher.

 

[Paan Singh]

Here comes a good Indian English teacher.

i think its xeixei

xeixei ni

 

[Ignited Mind]

Ha Ha Ha!

Do you have something to contribute to the discussion?

Here comes a good Indian English teacher.

I guess not.

 

[xixi]

I guess not.

Bye. Don't be so nervous. Take pills every morning.