A Valentine to Future Generations: $8,738,700,362,432.03 - The National Debt, to the Penny, 2/15/07

CorpGovActivist

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Sat Feb-17-07 06:10 PM
Original message

A Valentine to Future Generations: $8,738,700,362,432.03 - The National Debt, to the Penny, 2/15/07

http://www.treasurydirect.gov/NP/BPDLogin?application=np

Already, the GOP candidates are lining up to praise extending the Bush tax cuts.

In 1962:

68% of the budget was discretionary spending
06% of the budget was interest on the national debt
26% of the budget was mandatory spending

By 2006:

38% of the budget was discretionary spending
09% of the budget was interest on the national debt*
53% of the budget was mandatory spending

* That's 9% of a much larger number by 2006, too.

http://www.whitehouse.gov/omb/budgetcharts/02-05-07_presentation.pdf

Albert Einstein once said that compound interest is the greatest mathematical discovery of all time - he must have been a lender, rather than the world's greatest borrower.

- Dave

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Karenina

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Sat Feb-17-07 06:37 PM
Response to Original message

1. Pretty soon you'll be talking about

some REAL MONEY!!! ;-)

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CorpGovActivist

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Sat Feb-17-07 07:24 PM
Response to Reply #1

2. A Billion Here, A Billion There...

; )

- Dave

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whistle

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Sat Feb-17-07 07:54 PM
Response to Original message

3. Yet another failure on George Bush's presidency, by this time he wanted

...a national debt of $11.0 trillion and when he departed in January 2009 he was shooting for $13.5 trillion. To do that he really needs a war with Iran and at least one other sovereign nation

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CorpGovActivist

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Sun Feb-18-07 11:38 AM
Response to Reply #3

4. The National Debt Is a True WMD...

... destroying the hopes of future generations.

- Dave

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TheBaldyMan

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Sun Feb-18-07 11:43 AM
Response to Original message

5. when the dollar collapses that will be worth a second-hand Camry

Republicans keep saying they are the party of fiscal responsibility, dems are "tax and spend".

It's better to be 'tax and spend' than 'tax-cut and borrow'.

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CorpGovActivist

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Sun Feb-18-07 12:06 PM
Response to Reply #5

6. Wow...

... a Scottish flag *and* a JKG quote! A guy I'd like to have a pint with!

; )

- Dave

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TheBaldyMan

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Sun Feb-18-07 12:11 PM
Response to Reply #6

7. how about a couple?

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CorpGovActivist

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Sun Feb-18-07 12:21 PM
Response to Reply #7

8. That Works Too!

Pints go better in pairs!

; )

- Dave

P.S. I had the privilege of hearing JKG lecture, and he was every bit as witty in person and on the fly as his printed quotes suggest.

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