Almost 10.7 Trillion and Still Counting!!!!

These number are too large for me to even try to wrap my brain around. The amount of the debt ascribed to each citizen $34,769.17 is even scarier to me because that amount of money is something that I could never even contemplate having to pay back. Especially as I did not authorize the spending!

Well many say Bush is the worst president ever because he increased the national debt by almost $5 trillion in 8 years. That is certainly a problem and nothing to brag about. Obama is planning to increase that debt by $1 trillion within 2 WEEKS of taking office! If it takes him 2 WEEKS to hit 20% of what happened under Bush, where will we be after 4 YEARS

I know what it looks like on paper. I have been living with horrible numbers . Can you imagine someone earning a quadrillion dollars. I mean after trillion you go to quadrillion. Although I have to concede that you have a valid point my dear. A trillion US dollars is a lot of money. But lets hope the new administration will cough up a few ideas in the right direction and make things work.

Look down therre, no...Waaaaaydown there. See that? You hear that sound? thats the sund of the dollar crashing to the bottom of the pit. Your going to first see deflation, which people might think is a good thing, lower prices = good thng right? Wrong, As businesses slow and prices fall, so do profit margins and the cost of producing goods and providing services climbs, business continue fialing. then, when things are bad the effects of printing all that money begin to take hold and as the dollar falls, prices are going to skyrocket.

Just get ready for a depression, no nation can have economic prosperity with that kind of debt. Frequently contact your representatives and senators and tell them to cut that spending junk. I would say we would be better off voting out about 90% of those in office, send them a shocking message that they need to buckle up, follow the Constitution, and stop wasting our money.

Yay for depression!

I'm more worried about the price of food. I would stock up on bottled water and any other food supplies that stay around a long time. The economy is doomed and it will only get a whole lot worse. This will linger for another 10 + years. Obama is right about finding new energy sources. We need more nuclear power in this country. I lived by a nuclear power plant for the past 10 years and I haven't grew any extra arm. A terrorist attack will never happen to a nuclear power plant because that place is so locked down. China is no longer buying our bad debt which makes it difficult for the USA. China has its hand tied too now because they can't make a profit from USA. They are in just a bad a situation as us. Don't think that China is trying to wreck America or buy America. They aren't. They are investing in America as any other American would. We buy their goods, we were a good investment. Why then would they want to hurt us?