America Will Pass $13 Trillion In Total Debt Next Tuesday; $397 Billion In Debt Rolled Month To Date

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Fri, 05/21/2010 - 18:14 | 366796 Argos
Argos's picture

Ho hum, just another day in Crazyland.

Fri, 05/21/2010 - 20:51 | 367038 Rusty Shorts
Sat, 05/22/2010 - 09:35 | 367499 Crime of the Century
Crime of the Century's picture

No sorry - you skipped the first tune:

http://www.youtube.com/watch?v=ke3ua0kLhYA

your dance party has been preempted...

Sat, 05/22/2010 - 11:11 | 367581 66Sexy
66Sexy's picture

 

ah.. that explains last weeks volatility, perhaps even the fat finger discount.

Sat, 05/22/2010 - 11:34 | 367608 Damn the Federa...
Damn the Federal Reserve to Hell's picture

We need this man to be elected President!!!!!!

http://www.youtube.com/watch?v=jU7fhIO7DG0

Sat, 05/22/2010 - 15:33 | 367866 chumbawamba
chumbawamba's picture

President?  More like Mother Fucking Global Dicator for Life!!!

I am Chumbawamba.

Fri, 05/21/2010 - 22:00 | 367133 ISEEIT
ISEEIT's picture

Is it just me or does 'community activist' as Prez seem like a somewhat short of brilliant idea? I just finished observing the 'ONE' on CSPAN. Haven't laughed so hard, nor felt so gut check sick before in my life.

We are living the definition of surreal.

Sat, 05/22/2010 - 15:49 | 367892 chumbawamba
chumbawamba's picture

A Community Activist has every bit of succeeding at President as anyone in any other profession.  Exceptionalism can be found in all walks of life.

The problem is duping an entire populace into believing they have "elected" a leader who is in reality a pre-chosen figurehead for a hidden group of "elites" that actually call the shots.

I am Chumbawamba.

Sat, 05/22/2010 - 19:53 | 368084 spekulatn
spekulatn's picture

Al Sharp would call that an UNCLE TOM, no?

Sat, 05/22/2010 - 21:51 | 368171 tip e. canoe
tip e. canoe's picture

i believe he would.  perhaps one day he will.

Sun, 05/23/2010 - 13:04 | 368754 ISEEIT
ISEEIT's picture

With all due respect (lots), I would say that the larger problem is a populace so easily duped. American idol as prez...WTF?

Mon, 04/04/2011 - 03:26 | 1131541 jessiejune
jessiejune's picture

it is really a question i meet too.
the day after tommorow will be a happy day and maybe we should go anywhere else to make fun .just say something about Maize Milling Machine

Fri, 05/21/2010 - 23:22 | 367211 Clinteastwood
Clinteastwood's picture

When they call the roll in the Senate, the Senators do not know whether to answer "Present" or "Not guilty." Theodore Roosevelt

Sat, 05/22/2010 - 20:01 | 368089 Moneygrove
Moneygrove's picture

but the tax cuts are just kicking in !!!!!!!! GDP to the moon !!!!!!!!!!!!!!! 5.5 trillion plus the 2 wars on g.w`s watch suckers !!!!!!!!!! p.s. can I get a no bid contract to clean up the gulf oil spill ??????????????????

Fri, 05/21/2010 - 18:19 | 366809 Common_Cents22
Common_Cents22's picture

We can buy time as long as other countries continue to blow up financially.  You can't outrun a bear in the woods, but you can buy time by outrunning your buddies.

Fri, 05/21/2010 - 19:04 | 366869 VegasBD
VegasBD's picture

Ha! Great analogy!

Fri, 05/21/2010 - 19:56 | 366941 UGrev
UGrev's picture

Thread winner!

Sat, 05/22/2010 - 03:05 | 367359 John_Coltrane
John_Coltrane's picture

And smear some "greece" on their European asses just to make sure!  Bears love greece.

Sat, 05/22/2010 - 11:13 | 367585 66Sexy
66Sexy's picture

grease and bears stop it im gettin horned up

Fri, 05/21/2010 - 19:59 | 366946 LeBalance
LeBalance's picture

The Great and Proud United States of America:: tier together of friends' shoelaces.

Sat, 05/22/2010 - 01:45 | 367306 DaveyJones
DaveyJones's picture

From the film Collapse, Mike Ruppert

Sat, 05/22/2010 - 08:55 | 367477 tizzleofdoom
tizzleofdoom's picture

if any of your buddies are faster than you.........trip them!

Fri, 05/21/2010 - 18:21 | 366813 bigdumbnugly
bigdumbnugly's picture

Yeah but you know, a couple umteen trillion here and a couple umteen trillion there, and pretty soon your talking real money.

Fri, 05/21/2010 - 18:21 | 366814 sheeple
sheeple's picture

hey Miscreant, time to rehearse your "roll roll roll your debt"

Fri, 05/21/2010 - 19:11 | 366836 Hephasteus
Hephasteus's picture

LOL.

Roll roll roll your debt gently down the stream. Merrily merrily merrily life is but a dream.

Kite kite kite your check gently cross the sky. Merrily merrily merrily life is but a cry.

Kick kick kick your can. Gently down the road. Merrily merrily merrily freedoms going to corrode.

Fri, 05/21/2010 - 19:46 | 366921 SayTabserb
SayTabserb's picture

...brilliant.  But for cadence:  2nd verse -

we're all gonna die

3rd verse -

merrily merrily merrily, waiting to explode...

Although we need as many verses as possible - this game is going to go on for a while...

Fri, 05/21/2010 - 19:59 | 366947 Hephasteus
Hephasteus's picture

Perfect.

+1000

Sat, 05/22/2010 - 03:45 | 367372 akak
akak's picture

Since we're singing debt songs, I had one from another thread that I might interject here:

 

My charge card 'tis of thee

sweet tool of usury

please bring me bling.

 

Land where my credit died

land of the card: DENIED

from gallows far and wide

watch debt slaves swing!

Sat, 05/22/2010 - 05:55 | 367403 i.knoknot
i.knoknot's picture

generally clever, but "please bring me bling" hit a 'chord' - classic.

Sat, 05/22/2010 - 15:58 | 367907 chumbawamba
chumbawamba's picture

Nice!

Here's mine:

27 EU Nations in the EMU

27 EU Nations

Take one down, in debt make it drown,

26 EU Nations in the EMU

Eh, they cadence is all fucked up :(

I am Chumbawamba.

Sat, 05/22/2010 - 03:06 | 367360 John_Coltrane
John_Coltrane's picture

"A rolling loan carries no loss"  Famous quote from Depression era banker.

Sat, 05/22/2010 - 09:42 | 367503 Crime of the Century
Crime of the Century's picture

+1

Fri, 05/21/2010 - 18:21 | 366816 Henry Chinaski
Henry Chinaski's picture

It was $11,700,000,000,000 only 10 months ago.

Sat, 05/22/2010 - 01:52 | 367316 Celsius
Celsius's picture

Let it ride on black 14. We are the USA! We can never lose...

Fri, 05/21/2010 - 18:23 | 366817 cougar_w
cougar_w's picture

It's less scary if you write it as "$13T".

Actually no, it isn't. Just kill me now.

Fri, 05/21/2010 - 19:05 | 366871 dumpster
dumpster's picture

even better

.0000$14trillion

DR death

Fri, 05/21/2010 - 19:14 | 366884 MaxVernon
MaxVernon's picture

or, in scientific notation (!)  1.3 x 10^10 !!!

Fri, 05/21/2010 - 20:01 | 366951 silvertrain
silvertrain's picture

or just say it real fast.

Sat, 05/22/2010 - 01:43 | 367303 EscapeKey
EscapeKey's picture

float's will run out of precision soon... time to start emigrating all that code to double's.

 

Sat, 05/22/2010 - 06:24 | 367415 JacksCompleteLa...
JacksCompleteLackOfSuprise's picture

+true

Sat, 05/22/2010 - 16:00 | 367909 chumbawamba
chumbawamba's picture

Naw, just store it as a text string.  PHP will handle the rest.

I am Chumbawamba.

Sat, 05/22/2010 - 03:09 | 367362 John_Coltrane
John_Coltrane's picture

Hey, its still smaller than a mole (6 x 10^23) of $!

Sat, 05/22/2010 - 09:26 | 367494 Byte Me
Byte Me's picture

It is now, but in a few years?

Sat, 05/22/2010 - 09:44 | 367506 Crime of the Century
Crime of the Century's picture

Better get that mole checked, looks like cancer...

Sat, 05/22/2010 - 16:04 | 367918 chumbawamba
chumbawamba's picture

HA!

You don't have to be a chemisty nerd to appreciate that one.

I am Chumbawamba.

Fri, 05/21/2010 - 18:32 | 366826 hambone
hambone's picture

Yeah, whatever...but more importantly - who's going to win American Idol next week...Lee or Chrystal?  I'm kinda pulling for Lee.  He's got that good grunge thing going but Chrystal really has a great voice.  I'm on pins and needles!!!

Sat, 05/22/2010 - 16:05 | 367919 chumbawamba
chumbawamba's picture

You actually know the names of the AI contestants?

I am aghast, and Chumbawamba.

Fri, 05/21/2010 - 18:34 | 366829 RobotTrader
RobotTrader's picture

So far, the more debt we rack up, the appetite for our bonds has become even more voracious.

To wit, note that the 30-yr. yield came within a hairsbreadth of 3.99% this morning, and the 10-yr. at 3.1%.

Thirty years ago, our debt was less than a fourth of what it is now and interest rates were driven up to 15% by the "bond vigilantes".

Seems like as we lurch from one "convulsion" to the next, investors will instantaneously flee to our gilt-edged bonds and our currency for safety.

Bond shorts have been destroyed the last two months.

 

 

Fri, 05/21/2010 - 20:49 | 367036 Kina
Kina's picture

If the bus slows down too much it explodes. The never ending journey. Hope it is a solar powered bus, as the stock market tells us the sun is always shining.

Sat, 05/22/2010 - 01:48 | 367312 Double down
Double down's picture

When this is over I doubt there will be any currencies left other than the USD.

That debt sealing is as fragile as a soap bubble is to a bullet.  

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