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2008-09-30 8:33 PM

Elite
3130
2000100010025
Subject: National Debt to Cross $10 Trillion Very Soon

 

$ 9,945,578,231,981.59    as of Sept 29

Watch it live here:

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



Edited by ScottoNM 2008-09-30 8:34 PM


2008-09-30 9:12 PM
in reply to: #1707590

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Master
1821
1000500100100100
Subject: RE: National Debt to Cross $10 Trillion Very Soon
that's ~29000 mcdonald's apple pies for every person in the US.

http://www.thedailyshow.com/video/index.jhtml?videoId=185195&title=...
2008-09-30 9:22 PM
in reply to: #1707590

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Elite
4564
200020005002525
Boise
Subject: RE: National Debt to Cross $10 Trillion Very Soon
As soon as I saw the title of this thread I knew it was you posting Scotto
2008-09-30 9:59 PM
in reply to: #1707711

Elite
3130
2000100010025
Subject: RE: National Debt to Cross $10 Trillion Very Soon

JoshR - 2008-09-30 10:22 PM As soon as I saw the title of this thread I knew it was you posting Scotto

Yes I tend to be a bit obsessive. I think that's why I gravitated to triathlon.

 

2008-09-30 11:39 PM
in reply to: #1707590

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Extreme Veteran
594
500252525
Austin, TX
Subject: RE: National Debt to Cross $10 Trillion Very Soon
Bank of America does debt consolidation. Problem solved. Let them turn a 10 trillion dollar debt into a few thousand. No biggie.
2008-10-01 10:42 AM
in reply to: #1707590

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2008-10-01 12:21 PM
in reply to: #1707590

Champion
5345
500010010010025
Carlsbad, California
Subject: RE: National Debt to Cross $10 Trillion Very Soon

May be a sign of the times but the price for "Credit Default Swaps" on Treasury Debt has tripled in price since the beginning of the year. (Due to higher demand)

Many folks would say this is the biggest joke taking out 'Default Insurance' on 'National Debt Instruments' but in the end, increased demand is just a measure of the sour outlook that more and more folks are having. (Obviously, some are betting that the Fed will default)

As a balance, Moody's did recently re-affirm the US Treasury's AAA Rating.

2008-10-01 1:37 PM
in reply to: #1707590

Expert
1357
10001001001002525
Mukwonago, WI
Subject: RE: National Debt to Cross $10 Trillion Very Soon
Sounds like a good time to reduce taxes.
2008-10-01 2:17 PM
in reply to: #1707590

Elite
3130
2000100010025
Subject: RE: National Debt to Cross $10 Trillion Very Soon

WE DID IT!!!!!!

 

10,024,724,896,912.49   Sept 30, 2008

 

U-S-A!!!    

U-S-A!!!

U-S-A!!!

2008-10-01 2:58 PM
in reply to: #1709454

Elite
4564
200020005002525
Boise
Subject: RE: National Debt to Cross $10 Trillion Very Soon
ScottoNM - 2008-10-01 2:17 PM

WE DID IT!!!!!!

 

10,024,724,896,912.49   Sept 30, 2008

 

U-S-A!!!    

U-S-A!!!

U-S-A!!!

 

I think it's a clear sign of our awesomeness that no other country is even close to us.

2008-10-01 3:02 PM
in reply to: #1709564

Expert
691
500100252525
Cape Elizabeth, Maine
Subject: RE: National Debt to Cross $10 Trillion Very Soon
JoshR - 2008-10-01 2:58 PM
ScottoNM - 2008-10-01 2:17 PM

WE DID IT!!!!!!

 

10,024,724,896,912.49   Sept 30, 2008

 

U-S-A!!!    

U-S-A!!!

U-S-A!!!

 

I think it's a clear sign of our awesomeness that no other country is even close to us.


And we are no quitters either, I am sure we will pass 11 trillion in just a few short years!  Go USA!



2008-10-01 3:39 PM
in reply to: #1709454

Subject: ...
This user's post has been ignored.
2008-10-01 5:12 PM
in reply to: #1709579

Elite
4564
200020005002525
Boise
Subject: RE: National Debt to Cross $10 Trillion Very Soon
Blueraider_Mike - 2008-10-01 3:02 PM
JoshR - 2008-10-01 2:58 PM
ScottoNM - 2008-10-01 2:17 PM

WE DID IT!!!!!!

 

10,024,724,896,912.49   Sept 30, 2008

 

U-S-A!!!    

U-S-A!!!

U-S-A!!!

 

I think it's a clear sign of our awesomeness that no other country is even close to us.


And we are no quitters either, I am sure we will pass 11 trillion in just a few short years!  Go USA!

 

I highly doubt it will be years. We aren't amateurs. This is the big leagues.

2008-10-01 5:59 PM
in reply to: #1710013

Elite
3130
2000100010025
Subject: RE: National Debt to Cross $10 Trillion Very Soon
JoshR - 2008-10-01 6:12 PM

I highly doubt it will be years. We aren't amateurs. This is the big leagues.

the way things are going it could happen next week!

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