US Inching Towards Debt Deadline
During Reagan's Presidency the US went from a Creditor to Debtor nation...since then under the Bush's and now Obama its only gotten worse. Major risk of a default next month
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Added: Jun-19-2012 Occurred On: Jun-19-2012
By: ElegantDecline
In: World News, Politics
Tags: US, Debt, Crisis, Global, Economy
Location: Washington, District of Columbia, United States (load item map)
Marked as: approved
Views: 623 | Comments: 21 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
By: ElegantDecline
In: World News, Politics
Tags: US, Debt, Crisis, Global, Economy
Location: Washington, District of Columbia, United States (load item map)
Marked as: approved
Views: 623 | Comments: 21 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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It's all planned. WWIII is underway!!! RUN FOR THE HILLS, or just site and drink tea and coffee like I do :)
Posted Jun-19-2012 ByBurnley (54.60) 
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If you think Greece and Spain are problematic, how about this for a party-pooper...
Lets all hope US Congressmen have the brains and balls to not trigger a five continent recession straight off the back of the last one...
Posted Jun-19-2012 ByElegantDecline (2134.28) 
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@ElegantDecline Very interesting upload, thanks. But may I ask how old this video is? Is is recent mate?
Posted Jun-19-2012 Byo0Tao0o (511.28) o0Tao0o View Channel Send Message
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@o0Tao0o Thanks, Today...this is all kicking off over the coming weeks
Posted Jun-19-2012 ByElegantDecline (2134.28) 
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@o0Tao0o It's a few months old, from before they raised the debt ceiling. I think that was done in December or January. Here's the debt clock they were looking at: http://www.usdebtclock.org/index.html
We're coming up on $15.8 trillion in debt. I think the new cap they set was $16 trillion so we've burned through most of that already.
What I think really sucks, if you look down at the bottom, they've got what they call "unfunded liabilities." That means a bunch of stuff that they don More..
Posted Jun-19-2012 Bykajidono (686.36) 
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@o0Tao0o I screwed up didn't I Heh heh...in all fairness it is all set to kick off again post-election
Posted Jun-19-2012 ByElegantDecline (2134.28) 
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@ElegantDecline ;)
Posted Jun-19-2012 Byo0Tao0o (511.28) o0Tao0o View Channel Send Message
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Blah, blah blah.. Congress has more pressing issues to deal with. Roger clemens steriod use, John Edwards paying off his mistress.
Posted Jun-19-2012 Bydaveporter (323.40) 
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Just fucking great
Posted Jun-19-2012 ByBIGLOUBRUNO (1959.60) 
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It will be entertaining when the fucking ni66er welfare runs out.
Posted Jun-19-2012 ByLickMyDuck (540.90) 
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Funny how they would default on a loan, so they borrow more in order to pay the interst on the money we already owe.
They have effectively trapped us all into debt peonage. This also entraps our children and their children.
Posted Jun-19-2012 ByKmanbay (689.36) Kmanbay View Channel Send Message
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At 0:47 he says that by 2015 the US debt per person will be $48K. If you go to the US debt clock at http://www.usdebtclock.org/ it is already past $50K. Unless the US does some SERIOUS debt management they are screwed and will take a lot of the G20 with them. I really believe that neither political party will do anything to fix the problem.
Posted Jun-19-2012 ByCanuckSailor (92.14) 
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During FDR's presidency, the U.S. went from a creditor to debtor country.
Posted Jun-19-2012 Bygovett (943.80) govett View Channel Send Message
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;( no $ 4 more war, boo hoo hoo.
Posted Jun-19-2012 Byrozza2012 (393.98) 
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@rozza2012 go stir your Ramen Noodles
Posted Jun-19-2012 ByBIGLOUBRUNO (1959.60) 
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And strangely enough all major faiths condemn usury.
Posted Jun-19-2012 Bywhatduh (440.96) 
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@MrScabs Sure when you get the Owners of the Federal Reserve over here to pay you..
Which would be a couple of families that live over there that financed the bank
Posted Jun-19-2012 ByMyheavynuts (500.50) 
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