Saturday morning hangover?

Mo_Gearhead · 04-03-2010, 04:58 AM

These numbers should help you sober up:

U.S. National Debt Clock : Real Time

( or perhaps cause you to begin drinking again? )

widgeon13 · 04-03-2010, 06:12 AM

Some very interesting figures there. debt to GDP ratio = 88.??% and population on 308 million. It's all very depressing.

cgarr · cgarr's Garage

What number comes next after a thousand trillion?

widgeon13 · 04-03-2010, 07:09 AM

I'm sure the "O"man will make up a name, he's making up all the other rules as he goes along.

EarlyPorsche · 04-03-2010, 07:41 AM

I am indifferent about national debt. Why? Because at any time when there is huge debt, a new technology that we can sell abroad is all that is necessary to knock it down QUICK. Stem cells, clean energy, or aerospace are all ways that our GDP can suddenly skyrocket.

EarlyPorsche · 04-03-2010, 07:42 AM

Quote:

Originally Posted by widgeon13

I'm sure the "O"man will make up a name, he's making up all the other rules as he goes along.

You don't have to make up a name. Its called a quadrillion.

EarlyPorsche · 04-03-2010, 07:43 AM

Quote:

Originally Posted by cgarr

What number comes next after a thousand trillion?

Quadrillion.

widgeon13 · 04-03-2010, 07:59 AM

Quote:

Originally Posted by EarlyPorsche

I am indifferent about national debt. Why? Because at any time when there is huge debt, a new technology that we can sell abroad is all that is necessary to knock it down QUICK. Stem cells, clean energy, or aerospace are all ways that our GDP can suddenly skyrocket.

That's only if any money is left over for R&D. Since 1929 can you sight a time when US GDP has skyrocketed. I have looked at the figures and it hasn't happened at least by my standards. As the GDP increases in magnitude, it's also less likely that it will skyrocket as a percent of the current figure.

I'm not trying to be argumentative as much as I really would like to better understand your rational.

EarlyPorsche · 04-03-2010, 11:29 AM

Quote:

Originally Posted by widgeon13

That's only if any money is left over for R&D. Since 1929 can you sight a time when US GDP has skyrocketed. I have looked at the figures and it hasn't happened at least by my standards. As the GDP increases in magnitude, it's also less likely that it will skyrocket as a percent of the current figure.

I'm not trying to be argumentative as much as I really would like to better understand your rational.

I understand. What I should point out is that my mentality is that the type of business that will help us "quickly" boost our economy and in turn reduce debt is not something that we can imagine right now. If we can imagine it then its not going to be amazing. What will help us grow quick is something that has a low probability of working but a huge impact if it works. This could be pioneering stem cell technology therefore having a huge influx of people looking for US treatment. This could be a new green technology that we simply don't allow china to reverse engineer.

I misstated my position. "Skyrocket" is not the choicest word to use. Hopefully you see how I predict we can have social programs (so on and so forth) AND low debt. I am not saying it is easy or 100% possible but there is a potential for it to happen.

widgeon13 · 04-03-2010, 11:37 AM

We're going to need it! Good points.

Joeaksa · 04-03-2010, 01:01 PM

Quote:

Originally Posted by widgeon13

Some very interesting figures there. debt to GDP ratio = 88.??% and population on 308 million. It's all very depressing.

And we somehow cannot get them to STOP spending. Vote the bastards out of office as soon as possible!