National Debt stuck at 18 Trillion for 3 weeks

[Captain Crawfish]

Debt makes no difference when you print your own money. We are the worlds currency with an infinite supply. The U.S. can never go broke

[slow99]

Buy gold - guaranteed to increase in value!!

[Forever_frost]

Debt makes no difference when you print your own money. We are the worlds currency with an infinite supply. The U.S. can never go broke

http://www.zerohedge.com/news/2015-04-15/china-takes-aim-dollar-reserve-status-promotes-yuan-new-bank

China disagrees

[Captain Crawfish]

China can't live without us! They need us to buy all their shit.

[slow99]

Earlier this year, China adjusted its GDP target down to 7%. Yesterday, the quarter GDP came in at ... 7%. No fucking way!!!!!!!!!!!!!!!!!!!!!!!!!!

[Captain Crawfish]

Buy gold - guaranteed to increase in value!!

You saw that infomercial too?

[AnthonyS]

The US is bankrupt and indebted to the Fed which is a private bank fucktards. The average comprehension of this website makes the movie, Idiocracy, look like a prophecy instead of a comedy.

[slow99]

The US is bankrupt and indebted to the Fed which is a private bank fucktards. The average comprehension of this website makes the movie, Idiocracy, look like a prophecy instead of a comedy.

We all can't be as enlightened as you.

[AnthonyS]

We all can't be as enlightened as you.

Actually most of you should be more enlightened than I am, but most of you are too lazy and illiterate to learn anything. It's a huge fucking problem and it's killing our entire country.

[YALE]

The US is bankrupt and indebted to the Fed which is a private bank fucktards. The average comprehension of this website makes the movie, Idiocracy, look like a prophecy instead of a comedy.

What about foreign direct investment surpluses and portfolio investment surpluses?

[AnthonyS]

What about foreign direct investment surpluses and portfolio investment surpluses?

All you need to know about that the US government is taking in more money than ever before and at the same time going further and further into debt.

Surpluses? You're kidding right? You realize if the predicted future spending is 220 trillion, but a law passes and predicted future spending drops to 219 trillion, the government books that 1 trillion as a surplus. You realize that don't you? We are going trillions and trillions and more into debt, and booking shit as a surplus that is "less future spending." It's called Enron accounting and it's illegal for any company. If Exxon does it they go to jail, but the US Government does it.

Want to know the real debt? Go to www.usdebtclock.org and read the entire page.

The top lines are the "legal" debt using Enron accounting. The very bottom lines are the actual debt using real accounting methods covering "total liabilities" which is the way companies have to report for their taxes. The unfunded liabilities are currently only at $95 trillion. This more than offsets any "surplus" reported in any area. There are no surpluses only imaginary future savings.

What surplus?

[slow99]

Actually most of you should be more enlightened than I am, but most of you are too lazy and illiterate to learn anything. It's a huge fucking problem and it's killing our entire country.

You nailed it; I'm lazy and illiterate. I stopped ascribing any value to your posts after your illogical dribble in the silver thread in the back porch.

[racrguy]

Actually most of you should be more enlightened than I am, but most of you are too lazy and illiterate to learn anything. It's a huge fucking problem and it's killing our entire country.

You seem awful angry. Are you alright? LDS, perhaps?

[YALE]

All you need to know about that the US government is taking in more money than ever before and at the same time going further and further into debt.

Surpluses? You're kidding right? You realize if the predicted future spending is 220 trillion, but a law passes and predicted future spending drops to 219 trillion, the government books that 1 trillion as a surplus. You realize that don't you? We are going trillions and trillions and more into debt, and booking shit as a surplus that is "less future spending." It's called Enron accounting and it's illegal for any company. If Exxon does it they go to jail, but the US Government does it.

Want to know the real debt? Go to www.usdebtclock.org and read the entire page.

The top lines are the "legal" debt using Enron accounting. The very bottom lines are the actual debt using real accounting methods covering "total liabilities" which is the way companies have to report for their taxes. The unfunded liabilities are currently only at $95 trillion. This more than offsets any "surplus" reported in any area. There are no surpluses only imaginary future savings.

What surplus?

Not budget surplus. We have a massive foreign investment surplus (or had, very recently), and a lot of offshore capital has come back into the US recently. It's a capital account surplus. Balance of payment stuff.

[Captain Crawfish]

debt makes no difference everything is well until the string pullers say it isn't.