Rookie120 0 #1 November 8, 2007 QuoteWASHINGTON (AP) -- The national debt has hit $9 trillion for the first time. The Treasury Department, which issues a daily accounting of the debt, said Wednesday that the debt subject to limit was at $9 trillion on Tuesday. It was $8.996 trillion on Monday. Last month, Congress passed and President Bush signed into law an increase in the government's borrowing ceiling to $9.815 trillion. It was the fifth debt limit increase since Bush took office in January 2001. Those increases have totaled $3.865 trillion. The administration contends the rising debt reflects such factors as slow economic growth during the 2001 recession, the Sept. 11 attacks and the cost of fighting terrorism. Democrats place much of the blame for the exploding debt on Bush's first-term tax cuts, which they say are tilted to the wealthy. The administration says those tax cuts helped to jump-start the economy and resulted in falling budget deficits in recent years. The tax cuts are set to expire at the end of 2010. The administration and Republicans in Congress want to see them made permanent; many Democrats would like to see them revamped to provide more benefits to lower and middle-income taxpayers. The budget deficit for the 2007 budget year, which ended Sept. 30, was $162.8 billion, the lowest in five years. In 2004, the deficit was $413 billion, a record in dollar terms. The national debt is the total of the annual budget deficits plus money that the government borrows from the Social Security and other government trust funds. The total national debt is actually higher than $9 trillion because it includes borrowing by some agencies that are not covered by the congressional debt limit. That total was $9.086 trillion on Tuesday. It took the country from George Washington until Ronald Reagan to reach the first $1 trillion in debt. Yah! I hope everybody got there little pet projects funded. This is such bullshit. After reading the stuff so much of this money is wasted on it makes me want to puke. If any of us ran a business like they run the govt we would have been bankrupt long ago. How long until the American people get tired of this stuff. But all we hear from politicians is the new projects they want to start if they get elected. You never hear about how they will cut spending. I need a drink after reading this!If you find yourself in a fair fight, your tactics suck! Quote Share this post Link to post Share on other sites
idrankwhat 0 #2 November 8, 2007 Bravo! What took you so long? Quote Share this post Link to post Share on other sites
rushmc 23 #3 November 8, 2007 They have to get the money for Hillary's and Schumer's hippy museum from somewhere "America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
kallend 2,150 #4 November 8, 2007 Quote They have to get the money for Hillary's and Schumer's hippy museum from somewhere Maybe you should take a look at the money being spent on the optional war you support.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rehmwa 2 #5 November 8, 2007 Quote Quote They have to get the money for Hillary's and Schumer's hippy museum from somewhere Maybe you should take a look at the money being spent on the optional war you support. OOOOOHH, it would be a great big pile of money... (since it's tax dollars, then we all "support" the war - financially - but baiting rush like that via semantics is just trolling you know....) ... Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants Quote Share this post Link to post Share on other sites
kallend 2,150 #6 November 8, 2007 Quote Quote Quote They have to get the money for Hillary's and Schumer's hippy museum from somewhere Maybe you should take a look at the money being spent on the optional war you support. OOOOOHH, it would be a great big pile of money... (since it's tax dollars, then we all "support" the war - financially - but baiting rush like that via semantics is just trolling you know....) Do you know how high a pile of $1 bills equal to the national debt would be?... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
rushmc 23 #7 November 8, 2007 Quote Quote They have to get the money for Hillary's and Schumer's hippy museum from somewhere Maybe you should take a look at the money being spent on the optional war you support. At least that money is for a good cause!"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
billvon 3,119 #8 November 8, 2007 >At least that money is for a good cause! Exactly! Saving people's lives from hurricanes? A waste of money. Killing tens of thousands of people? Heck, let's spend another trillion on that! Quote Share this post Link to post Share on other sites
SpeedRacer 1 #9 November 8, 2007 and they wonder why people support Ron Paul. Until we get rid of the usual Republicrats, we will continue to live in a bloatocracy. Speed Racer -------------------------------------------------- Quote Share this post Link to post Share on other sites
idrankwhat 0 #10 November 8, 2007 Quote Do you know how high a pile of $1 bills equal to the national debt would be? I don't know that one but I do know that we spend about the same amount on alternative energy development annually as we spend on one day's interest on the national debt. Quote Share this post Link to post Share on other sites
rehmwa 2 #11 November 8, 2007 QuoteDo you know how high a pile of $1 bills equal to the national debt would be? depends on how you 'pile' them up and if it's windy or not ... Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants Quote Share this post Link to post Share on other sites
rushmc 23 #12 November 8, 2007 Quote >At least that money is for a good cause! Exactly! Saving people's lives from hurricanes? A waste of money. Killing tens of thousands of people? Heck, let's spend another trillion on that! Nice spin billvon come on bbbbaaaaaabyyyyyy, lets do the twist"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
quade 4 #13 November 8, 2007 Quote Quote Quote They have to get the money for Hillary's and Schumer's hippy museum from somewhere Maybe you should take a look at the money being spent on the optional war you support. At least that money is for a good cause! Please tell us all about the "good" it did us to invade Iraq. Are we actually safer now?quade - The World's Most Boring Skydiver Quote Share this post Link to post Share on other sites
rushmc 23 #14 November 8, 2007 Quote Quote Quote Quote They have to get the money for Hillary's and Schumer's hippy museum from somewhere Maybe you should take a look at the money being spent on the optional war you support. At least that money is for a good cause! Please tell us all about the "good" it did us to invade Iraq. Are we actually safer now? Yes"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
