I wish the R stood for Research and the D stood for Development.
Tax, spend, rinse, repeat
Comments ... #
The graph is wrong. It shows annual deficit dollars.
The National Debt is more than 9 trillion dollars, and heading for 10 trillion.
Verrrry interrrresting.
I googled the topic and found another site with a lot of scary graphs. http://www.die.net/musings/national_debt/</a>
Too bad we (America) has gone into some kind of depression-induced, apathetic coma to A. pay attention or B. have the cognitive ability to understand it.
It's actually at least $14 trill if you include all gubbermints in the US.
This article is from 2000:
http://www.whatreallyhappened.com/ARTICLE3/index.html...In summary, the combined state and federal debt of the United States now stands at $14 trillion. The United States, the world's largest creditor nation when Ronald Reagan took office, is now the world's largest debtor nation.
...A serious doubt exists as to whether this huge debt and its crushing interest payments ($60,000 per taxpayer since 1960) are really the responsibility of the taxpayers. Considering that the law under which this debt was incurred was voted into law before most of us were born, it's clear that the taxpayers have never really had a choice in the matter. Certainly the young people of today, not yet old enough to vote, have had no choice regarding the continuing payment of interest charges for a debt not of their making. To hand such a huge debt to our children and order them to pay it is indentured servitude at best, outright slavery at worst. No valid argument exists as to why children not yet old enough to vote are obliged to pay the debts of reckless government officials who held office before these children were born. The government decides that children shall be slaves to the debt, so slaves they shall be (until some courageous parents decide to put a stop to it).
...Does the fact that Hitler won his election prove that all Germans approved of the death camps?
...Do We The People owe that $14 trillion? No, we do not. It was borrowed without our permission. No citizen agreed to repay that money.
Yes, graph shows annual deficit amounts, not national debt, which I wonder how the 14 trillion in debt is broken down. For instance, how much of it is caused directly by tax incentives and bridges to nowhere, and special treatments for oil companies, coal companies, industry, the corporations who have no loyalty and no country.
The hundred year old "personhood" granted to them by the supreme court is what enables them to buy our politicians , our entire government. We've been a fascist nation for over a hundred years and didn't even know it. The schools continue to brainwash our kids in "history" class. Maybe it was that way from the start.
How do you change all that?
"American capitalism is really socialism for the rich."
---George Bernard Shaw
Actually, I think the president has less to do with spending than the Congress. The President proposes spending and signs the bills, but only after Congress has passed them.
What would really be telling would be the same graph with the control of Congress - either R or D - and with the numbers of each.
Personally, my gut tells me that with closer numbers of R's and D's, there'd be less spending (due to gridlock) than if either party had larger majorities.
Please note that this is not a defense of Congressional Republicans - many of them have forgotten the core GOP principles of less spending, less taxation and limited government.
posted by MaggieThurber on Jan 15, 2008 at 09:14:50 pm #
yes, limited government controlled by the corporations and the rich.
What happened to all the fiscally conservative Republicans, Mags? Was there a Night of the Long Knives that I missed noticing in the 1990s?
What happened to all the fiscally conservative Republicans, Mags? Was there a Night of the Long Knives that I missed noticing in the 1990s?
Come on, you know what happened... they finally got a pResident in office, and it just looks bad to have one of your own veto bills.
Anyway, they keep the Veto Crayons and Veto Fingerpaints locked away from Chimpy, and make sure he doesn't have any kind of writing or marking device other than under direct supervision so he doesn't scrawl all over bills... I mean, would we really want to have the Supreme Court have to decide whether or not "Pelosi is a poopy-head" scrawled on a bill means it's been vetoed?
posted by anonymouscoward on Jan 16, 2008 at 10:32:22 am #
GZ - I wonder the same thing...
posted by MaggieThurber on Jan 16, 2008 at 06:56:58 pm #
"yes, limited government controlled by the corporations and the rich."
- this bears repeating ad nauseum.
AC, if "Turd Blossom" is a confirmed nickname in use at the White House, then "poopy-head" seems at least highly probable.
"Gee, Maw!"
*chuckles
posted by jhostetler on Jan 13, 2008 at 05:44:44 pm #