Who do I pay? And do they take American Express... 
I could probably get a couple of first class airline tickets in the process... ;)
Posted on 11/18/2005 11:40:48 AM PST by Robert Drobot
According to the Treasury Department, from 1776-2000, the first 224 years of U.S. history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions, but in the past four years alone, the Bush administration borrowed $1.05 trillion. ... "No American political leadership has ever willfully and deliberately mortgaged our country to foreign interests in the manner we have witnessed over the past four years," said Tanner. "If this recklessness is not stopped, I truly believe our economic freedom as American citizens is in great jeopardy." [CNSNews]
I wonder if there are any implications...
"The facts are not partisan, and they're not ideological," said David Walker, the nation's comptroller general. He should know. He's the nation's chief accountant and signs off on the government's balance sheet. America's fiscal future, he said, "is worse than advertised."
When the government next reports these numbers Dec. 15, the total is expected to reach $46 trillion to $50 trillion.
How much is $50 trillion? About $166,000 for each of the almost 300 million Americans. [Seatle Times]
American "wealth" is an illusion based on borrowed funds that will soon be cut off, followed by creditor claims. Are you ready to repay the $166,000 spent on your behalf?
There's still time to stop it.
If I give them $166,000 do I get my Liberty back?
I hereby announce that I am defaulting on my part of that $166k. Go ahead and put it on my credit report. One more ding against my credit won't make any difference.
Wow, that's great that the government owes me this much. I'll be sure to buy bonds so I make money off the interest paid on this.
Can I pay it back now and not have to pay tax anymore?
I'll write a check.
But remember. Keep voting Republican because....because....because....well I know there's an excuse or two the party faithful remind us we have to keep voting Republican, but for the life of me I can't remember it...
Can you explain the implications of this in better detail? The comments up to now see to imply that massive debt is no issue and is of no concern.
Yup. Japan is gonna foreclose on us. Guess we'll just have to hand over the keys to the Capitol and become serfs.
Who do I pay? And do they take American Express... I could probably get a couple of first class airline tickets in the process... ;)
Me and my kids - 4 of us, owe $664,000? To who?
Naw. I'm passing my share on to the next generation. In fact, I'll do what I can to borrow more against their labors. /drippysarcasm
"According to the Treasury Department, from 1776-2000, the first 224 years of U.S. history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions, but in the past four years alone, the Bush administration borrowed $1.05 trillion"
Is this true? Seems to be to be complete irresponsiblity on the part of Bush if it's true.
To the Democrats in Congress who are spending your money at record rates.
What rock have you been hiding under?
That's what I was gonna say. Get in line - LOL.
Meanwhile, the new Medicare prescription plan already costs double what they first projected. Yet we went ahead with that without reservation.
There are no more Republicans or Democrats anymore. Just politicians who have spent too much time away from the private sector, producing for the consumer.
I see no end to this without economic collapse.
How about the Democrats in Congress?
Where is their blame?
Already paid mine and retired. Good luck!!!
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