Us Debt = $$$ 8,969,803,128,789.47 $$$

anabolicrhino

anabolicrhino

Well-known member
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Ok, so if we take 8,969,803,128,789.47 and divide it by 300,000,000 people or so than means we should each owe
about $290,000 each, oh boy we are f*cked !

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Time for the 10 yr cycle of national debt outrage I guess.
 
anabolicrhino said:
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Ok, so if we take 8,969,803,128,789.47 and divide it by 300,000,000 people or so than means we should each owe
about $290,000 each, oh boy we are f*cked !

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Click to expand...

So what if its $9trillion dollars. Is that big or small? You can't tell. The absolute size of the deficit is simply not that informative. Same goes for an individual's credit card debt. Is a credit card bill of $10,000 big or small? The answer depends on whether you are Bill Gates or a hotel maid. For Bill Gates, it's a drop in the bucket. For a maid, it's huge. The only way to tell the scope of the number is to look at the size of the deficit relative to the size of the economy.
 
spunkles182 said:
So what if its $9trillion dollars. Is that big or small? You can't tell. The absolute size of the deficit is simply not that informative. Same goes for an individual's credit card debt. Is a credit card bill of $10,000 big or small? The answer depends on whether you are Bill Gates or a hotel maid. For Bill Gates, it's a drop in the bucket. For a maid, it's huge. The only way to tell the scope of the number is to look at the size of the deficit relative to the size of the economy.
Click to expand...

:wtf: ...ok then, what ?
 
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U.S. GDP Gross Domestic Product Forecast
Billion US Dollars. Annual Rate Seasonally Adjusted.

Forecast Value

2007 Aug 13,887
2007 Sep 13,887
2007 Oct 14,022
2007 Nov 14,022
2007 Dec 14,022

2008 Jan 14,113

50% Correct 32 40 45 49 53 56
80% Correct 54 66 75 81 87 92
Updated Saturday, August 11, 2007



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Current-dollar GDP

Current-dollar GDP -- the market value of the nation's output of goods and services -- increased
6.2 percent, or $204.0 billion, in the second quarter to a level of $13,755.9 billion. In the first quarter,
current-dollar GDP increased 4.9 percent, or $159.6 billion.

So, if you take the GNP at about $14 trillion with a ~3% growth

You still have a $9 trillion of debit

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Unexpectedly strong revenue growth" has improved the outlook quite a bit, says Mr. McMullen.

In the CBO projections, for example, the nation's public debt is forecast to fall from 37 percent of GDP in 2006 to 30.5 percent of GDP in 2012.

(These figure are done with out the compounded interest of the foreign owed debt.)

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Inflation rate (consumer prices): 2.5% (2006 est.)

Investment (gross fixed): 16.6% of GDP (2006 est.)

Public debt: 64.7% of GDP (2005 est.)

Budget:

revenues: $2.409 trillion

expenditures: $2.66 trillion; including capital expenditures of $NA (2006 est.)

When the public debt is a higher % of the GDP and investment is a lower % of the GDP, and expenditures are greater than revenues, we have an "negative economic imbalance"

So, that is why a 9 trillion dollar debt structure that is owned by international monetary corporations(banks) is an important economic indicator of economic stress. This is not limited to the USA it is world wide. The $900,000 billion or so collected from personal income tax is used to pay the interest on this imbalance, so there is really no chance of a recovery, just staying off the inevitable collapse.
 
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