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Public Debt Touches $8 Trillion
Bureau of Public Debt ^ | 10/21/2005 | U.S. Government

Posted on 10/21/2005 8:17:33 AM PDT by philsfan24

Current Month: 10/18/2005

Debt Held by the Public: 4,625,430,149,447.35

Intragovernmental Holdings: 3,378,467,257,463.89

Total: 8,003,897,406,911.24

(Excerpt) Read more at publicdebt.treas.gov ...


TOPICS: Government
KEYWORDS: publicdebt
anyone else see the public debt reached $8 trillion on wednesday? its back under today but thats still pretty pathetic. we need real conservatives in government in '06.
1 posted on 10/21/2005 8:17:33 AM PDT by philsfan24
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To: philsfan24
A trillion here and a trillion there and now you're talking real money...
2 posted on 10/21/2005 8:19:55 AM PDT by AmericaUnited
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To: AmericaUnited
There is a bit too much detail:

Couldn't they have at least rounded up to the nearest dollar?

3 posted on 10/21/2005 8:23:01 AM PDT by C210N (While DOGS Have MASTERS, CATS Have STAFF!)
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To: philsfan24

So what? I am hurting the country by buying savings bonds?


4 posted on 10/21/2005 8:23:27 AM PDT by Smogger
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To: philsfan24

One of my favorite sites to prove we have not had a surplus since 1960.


5 posted on 10/21/2005 8:23:34 AM PDT by Andy from Beaverton (I only vote Republican to stop the Democrats)
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To: philsfan24

I like how under their FAQ they provide info on how you can make a contribution to reduce the debt. Great!!! Where's my checkbook? </sarc>

Now if they let me make a contribution which would forgive me from ever having to pay increased taxes to service the fiscal insanity of the past few years, I might consider it.


6 posted on 10/21/2005 8:26:03 AM PDT by eraser2005
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To: philsfan24

Kool-aiders will be along shortly to assure us that as a % of GDP, we're actually doing quite well.


7 posted on 10/21/2005 8:29:13 AM PDT by Huck (Miers Miers Miers Miers Miers--I'm mired in Miers.)
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To: philsfan24
I am 79 and it seems to me the national debt has always been increasing as long as I was aware there was one. If we have balanced budgets in the past why hasn't it gone down. I think the idea of a balanced budget is all smoke and mirrors. My point is I don't ever think it will be eliminated merely by watching the annual budget. Maybe some of the vast lands the government owns should be put on sale bet they add up to a hell of a lot more than three trillion.
8 posted on 10/21/2005 8:32:10 AM PDT by sinbad17
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To: AmericaUnited

...as my tagline states.....


9 posted on 10/21/2005 8:32:17 AM PDT by taxed2death (A few billion here, a few trillion there...we're all friends right?)
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To: sinbad17

Meant eight trillion.


10 posted on 10/21/2005 8:33:24 AM PDT by sinbad17
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To: sinbad17
If we have balanced budgets in the past why hasn't it gone down.

Because there are many 'off-budget' accounts that get stacked on the debt pile. When Slickster was claimning a balanced budget, the debt ceiling went up something like 350 billion.

11 posted on 10/21/2005 8:39:20 AM PDT by AmericaUnited
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To: Andy from Beaverton

Well, to be fair, you can show a VERY small surplus in 1999 and 2000 from the CBO numbers, but those are calculated differently... If you issue $20 billion in securities on Sept. 28th to finance 2006 activities, that would impact the debt numbers on the BPD page for FY end 2005, but it wouldn't show up on the CBO until FY 2006. Its all trickery, really... I wouldn't call the CBO numbers from 99 and 00 anything to get excited over, but they were closer to a balance in 00 than anytime in recent history...

But adding $554 billion in a year is nuts.... But hey! That's a $41 billion improvement! </sarc>


12 posted on 10/21/2005 8:41:02 AM PDT by eraser2005
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To: philsfan24

Get the pit boss over here. I want to put it all on one roll, double or nothing.


13 posted on 10/21/2005 8:51:56 AM PDT by KarinG1
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To: Huck

Don't worry Huck. In 2008 hildebeast will fix this right up for you! (sarc)

LLS


14 posted on 10/21/2005 9:08:41 AM PDT by LibLieSlayer (Preserve America... kill terrorists... destroy dims!)
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To: philsfan24

Almost $8 trillion? I guess we'll cross that bridge when we come to it (oops, I mean it will be a cold day in Alaska before we spend that kind of money).


15 posted on 10/21/2005 9:13:08 AM PDT by Piranha
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To: LibLieSlayer
Don't worry Huck. In 2008 hildebeast will fix this right up for you!

Typical brain-dead response.

16 posted on 10/21/2005 9:19:32 AM PDT by Huck (Miers Miers Miers Miers Miers--I'm mired in Miers.)
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To: sinbad17
The reason the national Debt is rising since 1960 is that a Democratically controlled house senate and President moved the Social Security fund (protected) to the general fund ledger in mid 1960's.

The Slope of the public debt starts to increase in that decade and continues to get larger and larger as government got larger and larger.

Way to go Dems /sarcasm
17 posted on 10/21/2005 9:19:37 AM PDT by PureTrouble
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To: Huck

Yeah but Delay said we've pared Government down as much as possible.

And Republican Ted Stevens said he would resign if the GOP Congress didn't give him his bridges to nowhere. The happily obliged him.


18 posted on 10/21/2005 9:22:13 AM PDT by Panic in the Streets ("Mayor, I've confirmed the data: the hippies ARE planning a massive jam band concert!"- Eric Cartman)
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To: philsfan24
Just wait until the Medicare prescription drug entitlement kicks into full gear!
19 posted on 10/21/2005 9:23:18 AM PDT by Constitutionalist Conservative (Have you visited http://c-pol.blogspot.com?)
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To: philsfan24

I'm slowly trying to get things paid off. It isn't easy. One thing at a time. I have two kids with braces on their teeth, and college expenses.

Life is not easy. It is also not easy when citizens of this country are expected to pick up expenses of all the DEAD WOOD people who refuse to work.

END WELFARE. Instead of raising taxes, put the people on the dole on notice.


20 posted on 10/21/2005 9:28:16 AM PDT by television is just wrong (http://hehttp://print.google.com/print/doc?articleidisblogs.blogspot.com/ (visit blogs, visit ads).)
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To: PureTrouble

Republicans aren't doing any better than the Dumbrats on the government spending problem. Bush has been a real disappointment to me, he hasn't shown any backbone and pushed back on spending. That bridge in Alaska really says it all.


21 posted on 10/21/2005 9:33:56 AM PDT by doggieboy (Bush's exit strategy for Iraq is through Iran.)
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To: Huck
Huck, you are beyond comprehension. You bitch, moan, whine, attack, and generally bash the President on any thread remotely mentioning him. Then you have the audacity to call me brain-dead.

You and your fellow haters will rue the day you attacked those of us who are Conservatives, but disagree on letting this process mature (by following the Constitution)... and allowing the hearings to take place. If you think I am full of crap, fine... but Charles Krauthammer (on Brits show Wednesday) stated the same thing that I just re-stated. I guess Charles is brain-dead also? At least I am in good company!

LLS
22 posted on 10/21/2005 9:36:53 AM PDT by LibLieSlayer (Preserve America... kill terrorists... destroy dims!)
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To: LibLieSlayer
If one supports ballooning federal government and national debt being bought by China to use against us, it would be hard for one to claim that one was a conservative.
23 posted on 10/21/2005 9:40:37 AM PDT by mysterio
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To: philsfan24

Republicanism...The party of small government and fiscal restraint....Say what?????????????


24 posted on 10/21/2005 9:43:32 AM PDT by cynicom
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To: Huck

That argument is used to lull the unwashed masses back to sleep.


25 posted on 10/21/2005 9:44:47 AM PDT by cynicom
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To: mysterio

Where do you even infer that I support that. I hate the Chicoms (we will probably have to kick their ass one day), and I refuse to buy Chicom products. I hate liberal spending (and let's face it, the debt is far more past FDR/Johnson "great society" crap (and pork) than anything else).

The one exception that I make is National Defense. I DO NOT CARE how much money we spend to fight Islamofacism, or to continue to keep our country ahead of all enemies with regards to technology.

I don't understand why you would even think that I would support the things that you mentioned? One can be against these things, and still support President Bush on the things with which we agree. If you disagree, then we will just have to agree to disagree.

LLS


26 posted on 10/21/2005 10:12:07 AM PDT by LibLieSlayer (Preserve America... kill terrorists... destroy dims!)
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To: LibLieSlayer
Then you have the audacity to call me brain-dead.

Incorrect. I said your response was brain-dead. It was. You can't just say "Hillary's comin' to get you" as a response to criticism. It's just dumb. Sorry, but it is. I've never voted for a Democrat in my life.

As for criticizing the president, everyone always says, "If you don't vote, you can't complain." Well, I voted for GWB, so I think I have a right to say my peace about his performance. Sorry you don't approve. Just rah-rah, is that it?

You and your fellow haters will rue the day you attacked those of us who are Conservatives, but disagree on letting this process mature (by following the Constitution)... and allowing the hearings to take place.

I'm OK with the hearings taking place. Hell, I'll be ecstatic if she hits a home run. I'll be thrilled if she makes it on the court and proves me wrong. I'll learn from the experience, AND get a good justice. I'd be fine with all that. All I'm doing here is commenting and sharing my thoughts. I don't see the harm in it.

My reaction to Miers started out ballistic, then I calmed down and decided to just wait and see, then I saw some of her writing, which was appallingly bad, then I read some of the John Fund stuff, the Rich Lowry stuff, the Byron York stuff, the Rush Limbaugh stuff, and I have the impression things are going exceedingly bad for Ms. Miers. But I'm looking forward to the hearings. Nov. 7th can't come soon enough for me.

I guess Charles is brain-dead also? At least I am in good company!

This Charles Krauthammer?

It's no secret that I think the Harriet Miers nomination was a mistake.

27 posted on 10/21/2005 10:22:25 AM PDT by Huck (Miers Miers Miers Miers Miers--I'm mired in Miers.)
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To: sinbad17
Maybe some of the vast lands the government owns should be put on sale bet they add up to a hell of a lot more than eight trillion.

It's hard to find an exact number but the best I can determine there are about 470 million acres of federally owned land, including mountains, deserts, national forests, etc. Assuming half of it could somehow be sold, it would have to sell for about $35,000 per acre to equal the eight trillion of debt.

28 posted on 10/21/2005 10:31:11 AM PDT by layman (Card Carrying Infidel)
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To: LibLieSlayer
Well, if you are a one issue voter, then I see how you can stand with Bush. He has taken the war on terror seriously, although the patriot act is something I can't support and a power which would have never been given to Clinton under the same circumstances. But Bush has abandoned the two most important conservative issues :

1. Making government smaller.

2. Making government less intrusive.

Without these two issues, Bush is not a conservative. He may be a neocon, but not a conservative.
29 posted on 10/21/2005 11:02:59 AM PDT by mysterio
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To: doggieboy
Its a tough balance to have a war and not increase taxes to pay for the additional expense. The US economy was in a situation that if you increased taxes, in a recession you would drive it further into recession. As it stands, from the start of 2000 there have been a lot of unexpected costs to the government and to say that Bush is out of control spending is to take that out of context.

Bush had a declining economy when he took office. The shock of 9/11 to the markets took another significant blow to tax revenue along with now having to fund a war, and creating the Department of Homeland Security.

Then funding 2 wars with less tax revenue has not helped the issue.

Yes there have been a couple of other spending bills, but try subtracting the Bill for the war and the Bill for the department of homeland security since 9/11 and see how much the Debt would have increased. You might be pretty surprised at the difference.
30 posted on 10/21/2005 11:13:41 AM PDT by PureTrouble
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To: Huck

"Incorrect. I said your response was brain-dead."

It stings the same, however.

"It was. You can't just say "Hillary's comin' to get you" as a response to criticism. It's just dumb. Sorry, but it is. I've never voted for a Democrat in my life."

I never have accused you of voting dim, and I never would. I have no problem with criticism of policy, and I respect anyone's opinion here on FR (except for trolls). My point is that weakening President Bush through attacking him as has been done in the press and here on FR (and you know that many attacks have nothing to do with Miers, and are far more hateful of the man than any of his policies dictate), it will only help to defeat us in 2006. Anything that weakens the Republican party will help hildebeast in 2008. It is simple deduction, and it happens to be true.

"As for criticizing the president, everyone always says, "If you don't vote, you can't complain." Well, I voted for GWB, so I think I have a right to say my peace about his performance. Sorry you don't approve. Just rah-rah, is that it?"

See my comment above.



"I'm OK with the hearings taking place. Hell, I'll be ecstatic if she hits a home run. I'll be thrilled if she makes it on the court and proves me wrong. I'll learn from the experience, AND get a good justice. I'd be fine with all that. All I'm doing here is commenting and sharing my thoughts. I don't see the harm in it."

If all of your posts were as clear and focused as this last above statement, I would have no problem with it at all. I RESPECT your dissenting opinion, but I disdain personal hate-filled rants against a man that does NOT deserve it... even from disgruntled supporters. I do not put dissenting opinion in with rants and hate speech.

"My reaction to Miers started out ballistic, then I calmed down and decided to just wait and see, then I saw some of her writing, which was appallingly bad, then I read some of the John Fund stuff, the Rich Lowry stuff, the Byron York stuff, the Rush Limbaugh stuff, and I have the impression things are going exceedingly bad for Ms. Miers. But I'm looking forward to the hearings. Nov. 7th can't come soon enough for me."

I agree. I hope that you understand that I will NOT be uspet if she fails to convince. She will stand or fall on her own merit. There will be no ill will coming from me, regardless of outcome. I just can't stand to see our side turn on one another over what should and could be a reasoned and well thought out debate. Just reading this thread, and seeing some of the hate within it, should convince you that what I say is true.

"This Charles Krauthammer?


It's no secret that I think the Harriet Miers nomination was a mistake."

Yes that very one. He said, "I do not agree with the attacks that are coming from some on the right. While I still feel that her nomination was a mistake, I believe that some Conservatives will regret some of the things that they have said."

He also stated that he believed that President Bush was a Conservative, and it was unfair to misrepresent him as a liberal.


LLS


31 posted on 10/21/2005 11:14:51 AM PDT by LibLieSlayer (Preserve America... kill terrorists... destroy dims!)
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To: mysterio

No, we will just have to disagree. He is a Conservative in my eyes. He is also a Conservative to Charles Krauthammer, even though he still thinks Miers was a mistake. Same statement came from Kristol yesterday (on Laura Ingraham's show). I am not alone in my opinion, and I am a Conservative (whether you wish to believe me or not)

LLS


32 posted on 10/21/2005 11:21:24 AM PDT by LibLieSlayer (Preserve America... kill terrorists... destroy dims!)
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To: philsfan24

Further proof of Bush's true antipathy toward conservative principles. Cut taxes - great, but cut the da*n spending too you idiots! Any sane person knows when their income drops their purchases have to go down too.


33 posted on 10/21/2005 11:25:00 AM PDT by piceapungens
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To: philsfan24

Further proof of Bush's true antipathy toward conservative principles. Cut taxes - great, but cut the da*n spending too you idiots! Any sane person knows when their income drops their purchases have to go down too.


34 posted on 10/21/2005 11:25:17 AM PDT by piceapungens
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To: piceapungens
House Majority Leader Tom DeLay said yesterday that Republicans have done so well in cutting spending that he declared an "ongoing victory," and said there is simply no fat left to cut in the federal budget.

Mr. DeLay was defending Republicans' choice to borrow money and add to this year's expected $331 billion deficit to pay for Hurricane Katrina relief. Some Republicans have said Congress should make cuts in other areas, but Mr. DeLay said that doesn't seem possible.

"My answer to those that want to offset the spending is sure, bring me the offsets, I'll be glad to do it. But nobody has been able to come up with any yet," the Texas Republican told reporters at his weekly briefing.

Asked if that meant the government was running at peak efficiency, Mr. DeLay said, "Yes, after 11 years of Republican majority we've pared it down pretty good."

35 posted on 10/21/2005 11:28:03 AM PDT by petercooper (The Republican Party: We Suck Less.)
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To: petercooper

That's just BS, why aren't we talking about completely eliminating entire divisions of the federal govenment like The Gipper did? I'll respond for you - because we have no leadership from the POTUS..


36 posted on 10/21/2005 11:30:54 AM PDT by piceapungens
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To: piceapungens

The truth gets you flamed here. The neo-con massive government apologists don't like to hear this stuff.


37 posted on 10/21/2005 11:40:02 AM PDT by Capitalism2003
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To: LibLieSlayer
I appreciate all that you said. As far as this goes:

Anything that weakens the Republican party will help hildebeast in 2008. It is simple deduction, and it happens to be true.

All I can say is that's pretty much out of my control. I'm not the Republican party. I'm just a voter. If the Republican party weakens, it's not my fault, any more than the weather is the weatherman's fault. I would also say that there is some debate as to whether or not internal debates like this truly weaken the GOP or not. I happen to believe that obedience weakens the GOP, also. It's a fine line. Like I said, I've pretty much tried to hold my fire on this since my first two days of meltdown. Whatever I'm saying at this point is probably pretty much par for the course for me (bitch, whine, moan, etc.)

When you consider my default point of view on GWB, my current demeanor is actually pretty laid back. I'm not piling on. I'm following the news. I'm reacting to it. But I'm not stoking the fires. I find the constant threat of Clinton/Gore/Kerry/Clinton etc etc frustrating, because there will always be external threats. That can't possibly mean that we voters are not supposed to hold the GOP accountable. I understand we can't cut off our own noses, but there has to be some wiggle room to apply pressure, or else why even pay attention?

38 posted on 10/21/2005 11:55:02 AM PDT by Huck (Miers Miers Miers Miers Miers--I'm mired in Miers.)
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To: philsfan24

We are gonna hit the ceiling by the end of the week.

12/30/2005 $8,170,424,541,313.62


39 posted on 01/04/2006 1:57:13 AM PST by Capitalism2003
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