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national debt. to whom do we owe it.
national debt. to whom do we owe it
the outstanding public debt as of 04 oct 2008 at 10:53:57 pm gmt is: $10,155,032,878,962.91 the estimated population of the united states is 304,848,581 so each citizen's share of this debt is $33,311.73. the national debt has continued to increase an average of $3.08 billion per day since september 28, 2007! there were no fireworks so a lot of people probably missed it. we even forgot to mention it here on the swamp when it happened though we saw the reports. anyway, on the last day of september, the national debt hit $10 trillion plus. president bush signed legislation in july that raised the debt ceiling to $10.615 trillion. meanwhile, the financial bailout legislation passed by the senate last night would raise the debt ceiling further to $11.315 trillion. here's something else worth knowing. the gross national debt as a percentage of the gross domestic product has, under the bush administration, hit a 50-year high. the following two charts illustrate the trend nicely. debt_topped_10_trilli.html>source debt_clock/>debt clock
in america's earliest days, there were barn-raising parties in which neighbors helped each other build up their farms. today; in some churches, there are debt liquidation revivals in which parishioners chip in to free each other from growing credit card debts that are driving american families to bankruptcy and desperation. in debt we trust is the latest film from danny schechter, "the news dissector," director of the internationally distributed and award-winning wmd (weapons of mass deception), an expose of the media's role in the iraq war. the emmy-winning former abc news and cnn producer's new hard-hitting documentary investigates why so many americans are being strangled by debt. it is a journalistic confrontation with what former reagan advisor kevin phillips calls "financialization"--the "powerful emergence of a debt-and-credit industrial complex." while many americans may be "maxing out" on credit cards, there is a deeper story: power is shifting into fewer hands.....with frightening consequences. in debt we trust shows how the mall replaced the factory as america's dominant economic engine and how big banks and credit card companies buy our congress and drive us into what a former major bank economist calls modern serfdom. americans and our government owe trillions in consumer debt and the national debt, a large amount of it to big banks and billions to communist china.
a 30-min condensed version of the i.o.u.s.a. documentary. overviews americas current national debt, deficits, and how we americans are screwed.
this guy owes his mate 100 bucks and doesn't have the money to pay up. his friend tells him he will forget about the debt if he lets him taze him at full power.
another sign of the times.
total white trash attacks a guy doing his job, craziest thing is the first she attacks isnt even his, sorry if this anyones mother.
money theory.
this is not the hope you are looking for.
let's take a little ride. buckle up!
a romanian man has handed over his wife to a creditor as payment for his debts.
emil iancu, from tighisu nou, gave his wife daniela to 72-year-old jozef justien lostrie when he turned up on his doorstep to collect a $4400 debt.
iancu said: "i had no money to pay the debt and when i told lostrie he said he would take my wife instead. "i was scared of what he would do and so i signed a document saying daniela would live with him."
but daniela says the deal has proved better for her. "before i had to clean the house and look after our three children on my own, while emil did nothing, but now i'm treated like a guest and hardly have to raise a finger," she said.
source
a bill collector was arraigned today after roseville police said he offered to make a city woman’s bill go away in exchange for a sex act and then exposed himself to her before leaving her home. george herron, 43, of detroit was ordered held on $10,000 bond on criminal sexual conduct and aggravated indecent exposure, both misdemeanors, in roseville’s 39th district court, police said. they said he is an account representative for rent-a-center and went to the 21-year-old woman’s home oct. 22 to discuss a delinquent account. during the discussion, he turned the conversation into a sexual nature, offering to make her bill go away in exchange for a sex act, police said. herron then exposed himself to her while taking her hand and placing on himself. the woman pulled away and herron completed the sex act upon himself before leaving her home, police said. later, police said, herron called the woman and again expressed an interest in exchanging a sex act for eliminating her debt to the company. she then reported the incident to police. source
full - i.o.u.s.a. boldly examines the rapidly growing national debt and its consequences for the united states and its citizens. burdened with an ever-expanding government and military, increased international competition, overextended entitlement programs, and debts to foreign countries that are becoming impossible to honor, america must mend its spendthrift ways or face an economic disaster of epic proportions.
