blacklistednews.com says paying off national debt impossable

As the article says , it is mathamatically impossable. Well then why doesent the gov declare bankruptsy??? Does anybody know how much that debt share is per person ,including children?

Link

Mod Edit: Added link.

[edit on 2/5/2010 by maria_stardust]

reply to post by itsawild1


can you link to the article?

Who needs an article?
..it's plain as day and clearly obvious that the national debt was never intended to be payed off!

[edit on 5-2-2010 by Alxandro]

reply to post by itsawild1


Doesn't surprise me at all.
No point in declaring bankruptcy - this is not the plan.
We are to be bled (further) dry.

It's a turkey shoot and we're wearing the feathers!


[aside from that, Mrs. Lincoln, how was the play?]

It's right if you just assume their numbers and outlook, but totally wrong in real world application.

I have heard this argument before, but they forget that all gov. has to do is decrease spending like 1% for the next 80 years and it will be paid off. Don't quote me on the percentage or years, but we have been through this debate/argument before.

There are many other ways for the government to pay this off.

Do not forget countries are not on the line for debt all at one time, they just "reschedule".

If the US economy goes bankrupt....so does the world. Anyone watching the Greece, Portugal and Spain possible bankruptcies????

wouldnt cutting back on the military budget help pay the debt off

reply to post by wdkirk


Again, rescheduled debt.

Besides Spain, Greece, Portugal, [Insert any other small Euro country] all put together most likely dont equal what Microsoft brings in every year.. fun to talk about, but not really anything too big.

Remember Dubai's terrible problem etc.. yeah

I would like to see the article.

reply to post by itsawild1


G'day itsawild1

Apart from your spelling.....

I can't see much that is "alien" in this thread.

Kind regards
Maybe...maybe not

OK.....I see this has been moved

[edit on 6-2-2010 by Maybe...maybe not]

And this has to do with Aliens and UFOs? How?

reply to post by genius/idoit


Ok, here you go.
This is what I was able to find but I really should be teaching a man to fish.

article here

reply to post by GreenBicMan


True....Greece GDP is about 343 billion (2008)

Public debt 97.4% of GDP (2008 est.)
Revenues $126.5 billion
Expenses $144.4 billion (2008 est.)

Not exactly on par with a Mega-Corp....even the devalued ones after the market crash.

Originally posted by wdkirk
reply to post by GreenBicMan

 

True....Greece GDP is about 343 billion (2008)

Public debt 97.4% of GDP (2008 est.)
Revenues $126.5 billion
Expenses $144.4 billion (2008 est.)

Not exactly on par with a Mega-Corp....even the devalued ones after the market crash.

Thats like 10 amazon.com's put together. Or like a percentage of BRK.A stock even after the recent drop. US markets piss 144 billion.

reply to post by itsawild1


There are heaps of countries in similar positions.
Heaps.
Greece.
Spain.
Iceland.
Zimbabwe.
India.
Italy.
Japan(I think the national debt to GDP was like 170%).
GDP to debt ratios are incredibly high all around the globe.

reply to post by whaaa


Aliens make us buy stuff.
So our debt is high.
That is how!

Percentage of GDP, the numbers are available on Wikipedia and several US.gov sites.
Most simple, current deficit is now approx. 12 trillions dollars, that 12000 billion dollars (12 000 000 million dollars). US population is 308 million. Debt per capita is 12 000 000 / 308 = 38961 dollars. What to worry about, debt as percentage of US GDP* is about 80% and that is normal/not so high international standards.

* US GDP 2009 ~ 14.5 trillion dollars.

we can get out of any problem we got into.

it might just be harder to get out of it than to enter it.

The reason everyone is in debt, is because this is the mechanism the World Bank/IMF uses to control nations policies.

When a nation becomes so deeply in debt it is ruined, the UN banksters offer a juicy deal.

You do X______ policy changes and we forgive your debts.

Everyone plays along. It works like a charm.

Look it up.

Debt = Control

WAR IS THE ONLY ANSWER!!!!!!!! they are setting the stage right now and we need to keep a close watch on our freedoms they will try and take them if we let them. We are living in historic times and in truth the only way out is to go to war or a big natural disaster.