[rogerhb]

$this->bbcode_second_pass_quote('Counterpunch', '[')This] administration in only four years has added twice as much debt to the nation's books as were run up in its first two hundred years COMBINED.

[holmes]

it will be a 3rd world nation soon enough. Man I still cant get over how much we squandered in such a short time. Mind boggling.

[LadyRuby]

$this->bbcode_second_pass_quote('holmes', '8')O it will be a 3rd world nation soon enough. Man I still cant get over how much we squandered in such a short time. Mind boggling.

[FireJack]

It makes me really wonder if the bush administration is really convinced the world is going to end soon and it doesn't matter. Or have people really become that shortsited? I don't understand how they could be so stupid. Ow well, I guess all I can do is prepare. Other people can shoot themselves in the foot all they like.

[Cool Hand Linc]

Is this the exponential function in action?

All the government needs to do is to take all the silver, gold and jewels from everybody giving them pennies on the dollar. Then re-value the silver, gold and jewels and sale them on the open market.

That could cut that big old debt in half!

There is light at the end of the tunnel.............

[jaws]

And every time the Fed hikes interest rates the servicing cost on the debt increases, so that means they have no choice but to hyperinflate. Hahahaha.

[Heineken]

The national debt is now about $8 trillion, I believe. It can and will never be repaid, so consider how that fact will ultimately work itself out.

[falser]

I wouldn't worry. I'm sure George Bush has a plan. And we all know how well his plans work out. I absolutely love how supporters use the "debt as percentage of GDP" argument to say that things are all fine. Yet they completely ignore where current GDP growth is coming from and where it's going to come from in the future.

[peaker_2005]

$this->bbcode_second_pass_quote('Heineken', 'T')he national debt is now about $8 trillion, I believe. It can and will never be repaid, so consider how that fact will ultimately work itself out.

[TnAndy]

$this->bbcode_second_pass_quote('Cool Hand Linc', '
')
All the government needs to do is to take all the silver, gold and jewels from everybody giving them pennies on the dollar. Then re-value the silver, gold and jewels and sale them on the open market.

[DesertBear2]

$this->bbcode_second_pass_quote('Heineken', 'T')he national debt is now about $8 trillion, I believe. It can and will never be repaid, so consider how that fact will ultimately work itself out.

[fossilnut2]

This is clock you won't want to watch:

http://www.toptips.com/debtclock.html

and this is under Republicans?

Iraq is too expensive a hobby for our tastes but you Americans must just love the place.

Fortunately there is no people as innovative and entrepreurial as the Americans. You need to kick yourself in the butt and kick Bush-boy out the door. The world needs a dynamic USA.

[pup55]

$this->bbcode_second_pass_code('', 'it's manageable at an interest rate of 4% or $400 billion in interest payments per year.')

Yep, that's right.

We would have to raise taxes to make revenues exceed expenses by $400 so we would have this around to pay off the debt.

Currently, expenses exceed revenues by about $400B. So, we would have to in essence come up with $800B to pay this off.

Personal income tax revenues are around $800B/y so this in essence means that all they would have to do is double the tax rate and the debt would be paid off, per your plan.

[Heineken]

$this->bbcode_second_pass_quote('DesertBear2', '')$this->bbcode_second_pass_quote('Heineken', 'T')he national debt is now about $8 trillion, I believe. It can and will never be repaid, so consider how that fact will ultimately work itself out.

[duke3522]

$this->bbcode_second_pass_quote('Heineken', 'T')he national debt is now about $8 trillion, I believe. It can and will never be repaid, so consider how that fact will ultimately work itself out.

[Clouseau2]

Any tax increases will just be absorbed with greater spending. Republicans are drunk with power & spending. What we need is a Democratic Congress and Republican President, or vice versa, or a Democratic Congress and a Clinton-clone.

[rogerhb]

$this->bbcode_second_pass_quote('Clouseau2', 'A')ny tax increases will just be absorbed with greater spending. Republicans are drunk with power & spending. What we need is a Democratic Congress and Republican President, or vice versa, or a Democratic Congress and a Clinton-clone.

[Clouseau2]

$this->bbcode_second_pass_quote('rogerhb', '')$this->bbcode_second_pass_quote('Clouseau2', 'A')ny tax increases will just be absorbed with greater spending. Republicans are drunk with power & spending. What we need is a Democratic Congress and Republican President, or vice versa, or a Democratic Congress and a Clinton-clone.

[Seadragon]

$this->bbcode_second_pass_quote('duke3522', '
')And this doesn't included the off the book debts. Such as the money owed to the SS trust fund, the under funded federal pension liabilities, and the fact that the feds will soon be on the hook for a whole bunch of broken pension plans.

US Fed debt is a minimum of $15 trillion and rising.

[Heineken]

I predict that the future America, or what's left of it, will collectively vilify Bush and the current GOP bunch. The damage they've done across the board is breathtaking and---more important---irreparable. But they hold all the power now---Congress, White House, State Houses, Supreme Court, and Media. Ironically, the only hope left now is the American Sheeple. (Reminds me of the recurrent line in "1984": "If there is any hope, it lies with the proles.")