$24.5 Trillion In US National Debt, $144 Trillion In Unfunded Liabilities In... 2015

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Mon, 12/20/2010 - 18:28 | 819579 velobabe
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why do they call woman's breasts, J U G s?

Mon, 12/20/2010 - 19:38 | 819739 StychoKiller
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I calls 'em Daddy's play-toys!

Mon, 12/20/2010 - 14:29 | 818979 Strider52
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"Using the figures above..." That's pretty funny, considering Tex's avatar is just above that line.

  I'd like to use the figures above Tex's avatar - which, I noticed, got cropped recently - she had a pretty face too.

Mon, 12/20/2010 - 19:42 | 819749 StychoKiller
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Google up "Karina Hart" or "Danni Ashe" -- every bit as sexy as Denise Milani (or whatever), and willing to show ya everything!

Mon, 12/20/2010 - 19:57 | 819778 Fearless Rick
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Hey, I know those knobs! Cynthia Myers, Playboy playmate December 1968. According to some, the greatest centerfold ever. Ms. Myers starred in some Russ Meyer flicks, like "Beyond the Valley of the Dolls" and a few others.

Mon, 12/20/2010 - 13:40 | 818812 Cursive
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Default/Restructure.

Mon, 12/20/2010 - 13:40 | 818814 Shameful
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1.2 million per taxpayer...no problem.  They should be able to make that over their natural lives, just need a 100% tax rate and put in a little OT.

Mon, 12/20/2010 - 13:47 | 818842 Sudden Debt
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I think they'll let you have 0,1% so you'll be able to buy a bowl of rice every 2 days.

Mon, 12/20/2010 - 13:40 | 818817 SheepDog-One
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But...but...economy recovered! Can I get a 'Hooray'?

Mon, 12/20/2010 - 13:48 | 818848 Sudden Debt
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MORE BLUE PILLS PLEASE!!!

Mon, 12/20/2010 - 19:43 | 819750 StychoKiller
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Boo-yah for SD-1!

Mon, 12/20/2010 - 13:41 | 818822 Amish Hacker
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You think 6-8 debt ceiling increases over the next 5 years spell disaster? Wait till you see what happens when congress fails to raise the debt ceiling.

Mon, 12/20/2010 - 13:44 | 818830 SheepDog-One
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Yea, who even thinks the debt ceiling increase in Jan is some surefire in-the-bag deal?? I dont.

Mon, 12/20/2010 - 14:36 | 819000 ATTILA THE WIMP
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SD1, That's the first thing you ever said that I thought was whacko.

Mon, 12/20/2010 - 13:46 | 818834 Me XMan
Me XMan's picture

HAHAHA! Congress will always raise the debt ceiling.

Mon, 12/20/2010 - 13:49 | 818853 Sudden Debt
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you may put always in capital, fat and underline.

Mon, 12/20/2010 - 13:51 | 818858 SheepDog-One
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Congress will 'ALWAYS' raise the debt ceiling by a couple trillion? Thats just ignorant.

Mon, 12/20/2010 - 15:45 | 819222 Popo
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The power of debt markets is so poorly understood...

Mon, 12/20/2010 - 13:56 | 818876 Dr. No
Dr. No's picture

One thing for sure, the debt ceiling will be used for political leverage.  Both party leaders want the ceiling raised rather than cut spending.  But with the election results, the Repubs have an opportunity to use a debt ceiling increase to their advantage.  There will be bluffs, deals, pandering to get it passed.  Boehner is old school GOP and wants the debt celing increased as much as dems; but he will leverage it for as much as he can.

Mon, 12/20/2010 - 13:59 | 818881 Shameful
Shameful's picture

So the ceiling increase will go with more money to the military to kill people around the world.  Smooth.  It's a good idea to piss off as many people as possible before we had a debt implosion, wouldn't want friends in the moments after the collapse.

Mon, 12/20/2010 - 14:48 | 819036 Amish Hacker
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This is the key point. The debt ceiling will be raised (it has to be), but not until the politicos have postured and ranted and waved their arms about. Accusations will be made, blame will be hurled, straw men will be set up and knocked down, and the end result will be another huge waste of time.

Really, none of it would matter, except that time is the most serious shortage we face.

Mon, 12/20/2010 - 19:44 | 819753 StychoKiller
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Darn it!  And I was so looking forward to gridlock Kabuki!

Mon, 12/20/2010 - 21:46 | 819951 UninterestedObserver
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No shit next he'll be saying Congress is going to give themselves pay cuts and reduce their benefits and then cut their expense budgets too.

Mon, 12/20/2010 - 17:54 | 819511 trav7777
trav7777's picture

nothing will happen.

Anymore than not having a budget this year or Belgium not even having a government.

As long as the people shrug and take it, nothing matters

Mon, 12/20/2010 - 13:43 | 818823 johnnymustardseed
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The guy who sells the government ink for printing dollars is laughing!

Mon, 12/20/2010 - 13:46 | 818838 SheepDog-One
SheepDog-One's picture

Funny part is, they dont even have to buy ink or paper for this daily 'printing' at 0%, they just add some more decimal points on a screen.

Mon, 12/20/2010 - 15:01 | 819076 The Navigator
The Navigator's picture

Then the answer is to invest in makers of wide, wide computer monitors that will accommodate those long list of 0's - 000,000,000,000,000,000,000,000,000

Mon, 12/20/2010 - 15:16 | 819127 FreedomGuy
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Could we start a pool on when we cross a quadrillion? I think it would have been fun to do back in the early 80's on when we'd cross trillions in debt on an annual basis.

Mon, 12/20/2010 - 15:21 | 819139 iDealMeat
iDealMeat's picture

+1  I bet we'll start seeing calculators with a 000 button on them.

Mon, 12/20/2010 - 15:58 | 819270 VisualCSharp
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Brilliant! +1

Mon, 12/20/2010 - 17:48 | 819502 Shameful
Shameful's picture

Scientific notation FTW!  Will be able to tell all the kids in school off when they ask

"When will I ever need to know scientific notation?"

"When you try to buy a loaf of bread"

Just wait till they have to upgrade systems to use quad floating point instead of double.  After all double will only carry to about 1 * 10^308 :)

Mon, 12/20/2010 - 19:17 | 819688 WaterWings
WaterWings's picture

.308??

Did someone just say .308?

Mon, 12/20/2010 - 21:46 | 819954 UninterestedObserver
UninterestedObserver's picture

Yeah this article is reminding me that I need more

Mon, 12/20/2010 - 13:48 | 818851 doomandbloom
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isn't creation of money just adding bits on the hard drive at the push of a button?

no more printing..its all electronic...

cant wait to get my hands on the Facebook credits.....my farm will be the best.

Mon, 12/20/2010 - 14:08 | 818917 jahbless
jahbless's picture

that got a small lulz from me - thx.  Gallows humour in dispicable times.

Mon, 12/20/2010 - 14:52 | 819050 traderjoe
traderjoe's picture

And that's why BB can say he's not "printing" money. 

Tue, 12/21/2010 - 01:29 | 820313 Oh regional Indian
Oh regional Indian's picture

Exactly TJ.

You see, these guys are not evolutionists but creationists.

Now we can all understand better when they say they are doing "God's" work. An angry god's work at that.

Can they create PM's though?

We'll see.

 

ORI

http://aadivaahan.wordpress.com

Mon, 12/20/2010 - 14:08 | 818921 SheepDog-One
SheepDog-One's picture

Oh yea 1 more thing, the REALLY funny part of the ACTUAL money printing they attempt with $100 billion in these new supercool BennieBux...they cant even get THAT right and screwed up the whole batch! Probably cost us about $120 billion to print that $100 billion which now much be thrown in the incinerator.

Mon, 12/20/2010 - 15:26 | 819157 Common_Cents22
Common_Cents22's picture

 

no wonder cotton has skyrocketed! 

Tue, 12/21/2010 - 01:10 | 820287 traderjoe
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Nicely played. 

Mon, 12/20/2010 - 13:44 | 818831 sodbuster
sodbuster's picture

>Was that a pin dropping?<

Nope- that was me shitting myself.

Mon, 12/20/2010 - 15:47 | 819230 Popo
Popo's picture

Me too. But I'm so freaked out, I think I shat a pin!

Mon, 12/20/2010 - 23:04 | 820058 Hephasteus
Hephasteus's picture

The FBI is searching through your shit. Something about a Waddle and Reed in a haystack.

Mon, 12/20/2010 - 13:45 | 818832 Dr. No
Dr. No's picture

I appreciate this enhancement.  Previously, i would have conversations with head-in-the-sand older realatives (close relatives), who are the first out-of-the-pan boomers, about SS/Medicare funding.  Their eyes would glaze over as they couldnt understand the meaning.  After providing a quick "well if the government wouldnt rob the SS fund to pay the general fund..." retort, they would move on to "i cant believe they want to lower taxes..."

I point out that the money is gone - water under the bridge, look forward, not backward.  Second, I tell them with the numbers the way they are, they could cut taxes to zero or increase them to 100% with the same outcome - default. 

With this new debt counter I may be able to get them to look at the numbers themselves in order to adjust to the inevitable.  I do not expect a change in thought however.

Mon, 12/20/2010 - 14:27 | 818972 A Texan
A Texan's picture

"Second, I tell them with the numbers the way they are, they could cut taxes to zero or increase them to 100% with the same outcome - default. "

 

So why pay taxes?  After all, Bennie can just miracle up a few hundred billion anytime he wants, and what's a few hundred more or less in the overall scheme of things.

 

No, SERIOUSLY, why the fuck should my kids pay taxes for debts they never voted for (or had the chance to), for goods and services that didn't benefit them in any way?  Why should they, or anyone in their generation?  Fuck it, why should I?  After all, I've gotten virtually zero benefit out of it (save student loan guarantees, long since paid back in full, and the DoD, which generally does a good job of keeping those who want to hurt us very far away, and sometimes dead and far away).  Really, what benefit do I get for my taxes?

 

There's going to be a BIG tax revolt in this country sometime soon, and that is when the entire system will fall apart - all because of the leechfucks and their enablers.

Mon, 12/20/2010 - 14:36 | 818999 primefool
primefool's picture

Correct - agreed. This idea that we are passing along huge debts to the grandchildren is laughable. The grandkids will just refuse to honor you stoopid leetle obligations - there. 

Mon, 12/20/2010 - 15:19 | 819135 FreedomGuy
FreedomGuy's picture

Don't count on that. Our kids and grandkids have been government educated in the stoopid leetle ideas of collectivism and government as savior. It could break either way.

Mon, 12/20/2010 - 14:49 | 819040 Dr. No
Dr. No's picture

Which is why I am for the tax cut.  Might as well gets some purchasing power while the gettin is good.

Mon, 12/20/2010 - 16:03 | 819284 Dr_Dazed
Dr_Dazed's picture

I pay taxes because I like having a virgin butt.  Stop paying and you get a free taxpayer  sponsored vacation to Club Fed.

Mon, 12/20/2010 - 13:47 | 818845 sabra1
sabra1's picture

tonite the americans will fire a missile into south korea, tell them the north did it, and all will be well again!

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