The USA is financially 'up the creek' and we keep hearing about how they are 14 Trillion in debt.
So I went looking for the official 'Live' US National Debt clock and found it.
Look how fast their debt goes up!
U.S. National Debt: 14 Trillion and climbing fast! (Top Left numbers)
You will notice the debt climbs at a rate of $100,000 every 3 seconds.
Please DO NOT turn this into a political thread.
I only post this so you can see how fast their debt is rising.
Keep ALL political comments to yourself.
wow ken both time clocks are amazing!!!!!
i to don't want to get political but the american clock and dept how do they slow it down and start to pay back the loan... it just looks out of control???
And I'm pretty sure NASA's not responsible for that - it's time we devoted a few extra minutes worth to the good guys. (Is that a political comment? - at least it's on topic )
Queensland,SA and Tas are decreasing their debt interesting. Sorry I just noticed that SA is rising again. Thats if I have read the Aussie debt clock properly
The USA is financially 'up the creek' and we keep hearing about how they are 14 Trillion in debt.
So I went looking for the official 'Live' US National Debt clock and found it.
Look how fast their debt goes up!
U.S. National Debt: 14 Trillion and climbing fast! (Top Left numbers)
You will notice the debt climbs at a rate of $100,000 every 3 seconds.
Please DO NOT turn this into a political thread.
I only post this so you can see how fast their debt is rising.
Keep ALL political comments to yourself.
EDIT: look at the U.S. Total Debt! (see it at about centre of the whole clock)
55 Trillion!
1/ Interesting how the pollies have one rule for themselves an another for the rest of us. We save, they spend.
2/ Nauseating that this is our money they are spending
3/ Get ready for the crunch... Its gonna hurt
4/ I'm going bush next year, and we'll be off the grid more or less within a couple of years.
1/ Interesting how the pollies have one rule for themselves an another for the rest of us. We save, they spend.
For a change I don't think this is a case of different rules for different classes; I think the govt's genuinely believe they are getting the correct advice from the current crop of economists, the advice being that you can perpetually avoid economic downturns with more borrowing. This method allows the natural downside of the business cycle to be avoided for a time but eventually the debt becomes overwhelming and we get depression/war rather than a series of recessions. That's the way I see it anyway.
Thankyou all for your intelligent treatment of this thread.
No Political agendas mentioned anywhere
H, I am half way through that video. Thanks for mentioning it. Going to watch the other half later tonight after I finish checking out the sky while it's clear for a change.
I must admit I don't follow finances/politics much but I'm honestly suprised that a state like WA is increasing in debt. I just figured with all the mineral resources they have and not such a huge population compared to the bigger eastern states that they would of faired better.
Good to see my home state (SA) leading the charge and making money.
For a change I don't think this is a case of different rules for different classes; I think the govt's genuinely believe they are getting the correct advice from the current crop of economists, the advice being that you can perpetually avoid economic downturns with more borrowing. This method allows the natural downside of the business cycle to be avoided for a time but eventually the debt becomes overwhelming and we get depression/war rather than a series of recessions. That's the way I see it anyway.
Politicians and Economists.... They are those sad individuals who believe that the only way to exist and be happy on this planet is to continually grow, population, consumption infrastructure... yadda yadda. We ought to shove a few, (all?), of them in orbit to enlighten them to the fact that there is a limit.
Part of me is debating whether there should be some kind of life support system involved....
Look how fast their debt goes up!
)
