I personally have no debt -- environmental discussion

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, [2], 3, 4, 5, 6, 7, 8, 9, 10 ]

Subject: I personally have no debt

Author:
Oropan

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 05:18:29 11/08/07 Thu
In reply to: Bev 's message, "According to you everything in the US is peachy keen . Guess its easy for some to overlook the debt" on 19:00:13 11/07/07 Wed

As far as the National debt goes, it still is just a tiny fraction of the GDP.
The current debt crisis that individuals are facing is due to banks and others borrowing money to people that were poor credit risks. These are the same poor credit risks that leftists bitched about for years that weren't getting loans from banks. Now they got them and you see what happens.

> Look where bush policies have put us
>
>Source: Reuters
>snip
>WASHINGTON, Nov 7 (Reuters) - The U.S. Treasury
>Department said on Wednesday publicly held U.S. debt
>breached $9 trillion this week for the first time
>ever, just five weeks after Congress had raised the
>statutory borrowing limit.
>
>At the end of September, U.S. President George W. Bush
>signed a measure to increase the debt limit ceiling to
>$9.815 trillion from $8.965 trillion, allowing the
>government to keep issuing debt.
>
>The increase in the debt limit is the fifth since Bush
>took office in January 2001. The U.S. debt stood at
>about $5.6 trillion at the start of his presidency.
>
>In approving the debt limit increase, Congressional
>lawmakers said the $850 billion increase should be
>large enough to allow the government to continue
>borrowing into 2009, well beyond next year's
>presidential and congressional elections.
>
>Read more: >href="http://www.reuters.com/article/bondsNews/idUSN075
>457902...">http://www.reuters.com/article/bondsNews/idU
>SN075457902...

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Replies:

Subject	Author	Date
No matter how you cut it up we are having to borrow money from foriegn entities	Bev	15:11:42 11/08/07 Thu