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March 29, 2010 Total Debt Subject To Limit: $12,629,674,000,000
March 29, 2010 Total US Debt Subject To Limit: $12,629,674,000,000.
Total debt at the beginning of March: $12,383,717,000,000
Net debt (includes Trust Funds and marketable debt) issuance month to date: $246 billion
- Net Bills issued: $107 billion
- Net Notes issued: $138 billion
- Net Bonds issued: $13 billion
Debt limit: $14,294,000,000,000.
Debt capacity: $1.665 trillion and dropping. At $220 mBillion per month in net new issuance as projeced by the CBO, this will last the US just under 8 months.
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Unfortunately, I think you mean "At $220 Billion per month..."
So the economy is doing great, but we're having to issue more debt per month than we used to issue per year? Sound promising. I'd hate to see an economy that wasn't doing too well.
These numbers are simply incomprehensible to the average Joe. So they just let it roll off their back and move on. The problem is so huge as to be impossible, so why even break a sweat over something that is impossible.
Besides, the President and the other people on TV say things are getting better. Who am I to argue with them. I mean, if it really was that bad, wouldn't they be doing something about it? Right? Someone? Anyone? Hello, anybody home?
Pink Floyd sings about Ben, the Banksters and the Sheeple:
http://www.youtube.com/watch?v=JWnapx502uQ
Whatever dude. No Roger, no Floyd. Get it together man!
+1.
"Floyd lite" ain't Floyd.
Debt per month than per year you say? Try and wrap you head around this:
"It took 169 long years and seven major wars -- from 1776 to 1945 -- to rack up a cumulative deficit that matches the gaping budget hole of just 28 short days in February 2010." -- Marty Weiss
Well, something is growing in this economy...
Like fungus or mold, on an exponential curve no less.
The hockey stick formation is whats growing
That doesn't look like a hockey stick growing on my shower curtain. :>)
You would think debt was going out of style....oh, wait....
Time to impose even more capital controls to insure we can service this nonsense....
I imagine Tax-cheat Tim and Banana Ben sit around for after work drinks and just laugh and laugh that they are still getting away with bankrupting the United States.
lol, and probably on FB/Mafia Wars!
Coming to a town near you immediately after the election:
VAT tax
Needs based social security
Inceased retirement age
govt mandated treasury retirement accounts
The sheeple haven't seen anything yet; the nightmare has just begun.
Means-tested Medicare too.
Yes sir, ONE more slap in the face of the fiscally responsible paying the price for illegals, and fools that have not saved, invested ONE dime of their life's labors.
The OLD rules of the Republic, and fiscal responsibility are now SINS.
We, the responsible, pay for the dead beat SOB's.
You forgot death panels. Followed by death squads. Followed by roving death squads, then robots, then zombies.
lol...
i'm thinking zombies then robots.
ya, the robots will be the last ones standing.
There's refuge from the zombies:
http://tarichmond.com/2010/03/23/abandoned-mall-selected-as-safe-zone-for-upcoming-zombie-apocalypse/
Remember they have to save SS for their families. This also helps save Medicare if the death squads kill before they have used the money they paid into the syste. The elites have to have good medical care, they don't want to chane MD likes the rest of us as the companies drop their plans.
You forgot cap and trade.
I don't think cap and trade will make it.
Crap n' Tax DOA. Boxer won't even touch it anymore as she fights for her job.
Beware of amnesty for illegals, though......Crap n' Tax II.
> govt mandated treasury retirement accounts
I've been thinking about this lately. Maybe they plan on doing it sooner than that. Maybe thats why they are jacking up this market so much and won't let it fall. I wonder if this is in the Dodd bill? I couldn't find it, but it does talk a lot about retirement accounts (1336 pages.)
http://banking.senate.gov/public/_files/ChairmansMark31510AYO10306_xmlFinancialReformLegislationBill.pdf
You nailed it, I am amazed the Joint Chiefs of Staff are allowing this to happen....
Time they acted on their Oaths..........
Last reading,the Constitution did not allow for a take over of the Republican form of Democracy, provided by the Founding documents.
When the VAT tax is enacted, WHY would anyone want to try to make a living?..15-25% additional tax, not including state sales taxes, and Federal Income Taxes..........
Finally the AG of SC, is tring to get a Con Con called.
If 34 states won't agree, we deserve what we get.
This is the last hope to stop this machine.
Ah... so our GDP is 14'ish trillion, and we are projected to roll through 100% debt to GDP by the end of the year? Fabulous.
<Cough> Umm.... That's without Fannie Freddie? Right? Wars, either? Entitlements, no?
Well this is going to be fun.
"Why We Build the Wall"
We build the wall to keep us free....
http://www.youtube.com/watch?v=PtdLl05UcRU
that border fence, is not to keep people out
from the daily reckoning today: "In the last ten years US Federal Debt per person has gone from $20,000 to $40,000. If we were to also include the present value of the government's future unfunded liabilities like Social Security and Medicare, the debt per person would soar to more than $250,000!"
Welcome to the ZimUSA
Actually with all of it, more like 400k per person. Ah those shackles are nice and tight masta'!
so what, around 1% of the population can afford their share of the debt?
somebody - tell me some lies so I can sleep tonight.
The...uhm....the world is....the world.....the people of the world....uhhh...crap, I had one too.
Wait...ok...the US is the worlds biggest....uh...the biggest...uh..China is...wait, ok...China has....ok, no, Japan....Japan is....no.....Africa....no that won't work.....South, wait no.....Europe....Europe has....the fuckin.....Europe has the fuckin....fuck! I don't know, nevermind.
lol, awesome. but then, i'm drinking.
ha ha. there was a twinkie in the pantry & a beer in the fridge, like the rest of America, I slept well without any worries that anything is wrong.
Lets just keep the good times rolling. We still have 2 trillion until we hit the ceiling...wohoooo
The Macro View
http://themacroview.wordpress.com
if you spent $1 per second, it would take 32,000 years to spend 1 trillion dollars
Shit, I could buy a round for the bar in every bar I stumbled into for the rest of my life and still have some change left over after the tip. Get lots of hot chix too.
if you were traveling @ the speed of light you could have it spent before you got to the nearest galaxy.
Better have your Hitchhiker's Guide to the Galaxy ready then... the real one not the novel.
...this will last the US just under 8 months."
which is damn-near Election Day. big parts of this mess are starting to come into focus.
That was obvious when they did it. As is this apparent increase in economic activity, just enbough to make it seem like the economy is recovering, or at least enough to make it so pundits can claim it is, and that anyone who says it isn't is being partisan.
This 3-legged debt donkey's going to make it to the Xmas eve finish line no matter what.
Backfill the sheet with profits from the Citi share sale.
I wait with bated breath for April 1, day after QE1 "expires". What is their next foible?
Great Expectations! Would this be the Mother of All Window Dressing quarters ever recorded should this thing come apart on that day! Perhaps just a dream many on this site may have but one event to celebrate that's for sure if something does happen.
Unfortunately, I'm skeptical anything happens at all on 4/1. Although, it will be interesting to see how Sunday night develops should the UE report uncover a "backbreaking" stat! Well, maybe just a dream.
DEBT ... BITCHES!!!!!
Slavery snitches!
Limits and budgets they are so confining.
hey guys dont worry Zimbabwe Ben Man is with his trusty sidekick Turbo Tax Geithner in the Fed Reserve cave with new printing presses to liquidate the debt very soon. Do not worry the Zimbabwemobile is on the rescue to save US. Hmm where is FDIC girls Blair? Hey look its the ZIMUSA symbol for our hero,time's man of the year,depression buff Bernanke!!!!
Perhaps Mugabe was a recess appointment not disclosed? Or one of those czars in the WH?
Hell, those numbers don't even include the interest we pay each month on this crap they have issued. That is debt in itself that probably never is added to the total each month.
Look around, the US is already overrun with zombies. The zombies are all around us.
Wow, who was the genius that picked a debt ceiling number that will require a Congressional vote raising the debt ceiling again right around election time in November? That will help get the vote out!
Someone who doesn't need votes to keep their job.
A jobless recovery being something akin to sexless pornography, nonetheless, you can now prosper by sending a stamped, self-addressed envelope to 1600 Pennsylvania Ave. Washington, D.C. Attn:"Don't Worry, I've Got Your Ass Covered". Within a week, you will receive a packet of money-tree seeds. Planted in your back yard, they will quickly grow and within a month you will be picking $100 dollar bills off it's laden limbs - 100% guaranteed to work or get your money back - "As seen on TV". What are you waiting for?
Sometimes, you just gotta laugh....
http://www.worstpreviews.com/headline.php?id=10364
So let's say they fail to approve a new statutory debt limit and just keep spending anyway? What happens? Does someone saw off Florida and tow it away as a foreclosure?
We keep hearing people say "The debt is awful. it will cripple the children." We never hear exactly how this will happen. A dominant post for this site would explain in painful anatomical detail how the debt will actually damage the US.
I say that because an awful lot of people just walk around thinking we are totally immune from consequence.
Government runs out of funds, people stop getting paid, and they start shutting down..
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