Gross US Debt Surges By $240 Billion Overnight, US Debt To GDP Hits Post World War II High 97.2%, Official Debt Ceiling Increase Only $400 Billion

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Wed, 08/03/2011 - 18:11 | 1522177 km4
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"If debt is the problem, how is more debt the solution"
- Ron Paul

You have my vote !

Wed, 08/03/2011 - 18:13 | 1522182 JW n FL
JW n FL's picture

so now Ron Paul is Change We Can Believe in?

Like Obama was?

if Lobby Whore Government got us here? how is more Lobby Whore Government going to get us out of this mess?

Wed, 08/03/2011 - 18:21 | 1522201 wang (not verified)
wang's picture

Not only is the debt surging, so too is ZH site traffic.

Congrats ZH according to Quantcast you are on the verge of breaking into the Top 1000 (US) reaching 2m people/mth. I know you don't boast about traffic the way Mr. Wall Street,  Ritholtz (LOL) does. 

Wed, 08/03/2011 - 18:50 | 1522242 Spastica Rex
Spastica Rex's picture

Yeah, but only 3 ZHers bewteen the ages of 3 and 12.

Wed, 08/03/2011 - 20:06 | 1522419 Almost Solvent
Almost Solvent's picture

ZeroHedge IPO Baby!!

 

/sarc (but not that it wouldn't be the best IPO of the last 10 years)

Wed, 08/03/2011 - 22:34 | 1522720 CompassionateFascist
CompassionateFascist's picture

Make that 4 as I am 7 years of age. Previous statement has same truth value as any economic stat emitted by US gov't.

Wed, 08/03/2011 - 19:17 | 1522293 Use of Weapons
Use of Weapons's picture

Don't forget that many readers won't show up on Quantcast tables [nor any other trackers, such as google analytics].

 

Wed, 08/03/2011 - 19:32 | 1522339 mr66
mr66's picture

i agree

Wed, 08/03/2011 - 19:43 | 1522359 Chuck Mentzel
Chuck Mentzel's picture

What the heck, those statistics look weird. 55% of US ZH readers are older than 50 years, 77% are male, 87% have no kids and 50% make more than $100k/year.

You guise are pretty hip for some old farts..

Wed, 08/03/2011 - 20:14 | 1522433 Dapper Dan
Dapper Dan's picture

What does that mean Chuck? want you're ass kicked?

Now help me out of this chair and find my glasses!

Thu, 08/04/2011 - 04:12 | 1523080 Cast Iron Skillet
Cast Iron Skillet's picture

50 is not old, padawan. ... now 60, 60 is old ... ;-)

Thu, 08/04/2011 - 06:58 | 1523133 rufusbird
rufusbird's picture

60 is not old, pawdner, now 80, 80 is old...;-)

Thu, 08/04/2011 - 00:56 | 1522993 jonjon831983
jonjon831983's picture

Wow, that's pretty neat.

That many people's ideas shaped by one site.

Wed, 08/03/2011 - 18:28 | 1522214 inkarri9
inkarri9's picture

He may not be but can it really get much worse than what we have now?  Obama set the bar pretty low I think in terms of boneheadedness.  

Wed, 08/03/2011 - 18:29 | 1522228 inkarri9
inkarri9's picture

Besides, Dr. Paul's mottos is "End the Fed"....that's pretty smart if you ask me.

Wed, 08/03/2011 - 19:21 | 1522307 Diatribe
Diatribe's picture

I'm a Ron Paul-ite myself, but careful:  Obama said he'd have us out of Iraq 3 years ago.

Wed, 08/03/2011 - 19:59 | 1522397 Vic Vinegar
Vic Vinegar's picture

I gave you a greenie for your avatar.  But man you just don’t get it.

Re: you question below, only Tyler’s friends get to post pics.  Re: your comment here, have a B9K9 comment on me. 

Exactly. Having seen the exact same movie many times before, it would be the height of foolishness not to be positioned to both survive & thrive during the next iteration.

We've been in Iraq now for 6.5 years - twice as long as WWII. If it wasn't really just a make work program combined with resource consolidation, we would have been done & gone years ago.

Given these facts, one basically has two options: (a) be pessimistic; or (b) be optimistic. You can moan about how 'it will never end', or ... you can get excited about realizing that 'it will never end'. Get the distinction?

Imagine going to Vegas, and knowing that you would never lose. That's what option (b) implies - it will never end; ergo you will never lose. Therefore, a guaranteed means of gaining & securing wealth for oneself.

If you continue to reside in the US, mentally practice being a virtual ex-pat. Shed any vestiges of patriotic attachments and look dispassionately at the host. Do the people & its system even warrant sympathy? Or does it deserve everything it's going to get?

Once you view the world throught the lense of the latter perspective, you'll find yourself free to think clearly about what's goin' down.

http://www.zerohedge.com/article/deflation-vs-hyperinflation-debate-steroids-or-mish-vs-gonzalo-lira-octagon#comment-576140

Wed, 08/03/2011 - 21:17 | 1522556 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

O/T

Japan has intervened in the currencie market.

Wed, 08/03/2011 - 22:39 | 1522736 CompassionateFascist
CompassionateFascist's picture

It'll end when IsrAmerica attacks Iran. Quite a few things will end about then.

Thu, 08/04/2011 - 07:00 | 1523136 rufusbird
rufusbird's picture

Sounds like they have to look at a financial statement to know when to end a war...? Rufusbird

Wed, 08/03/2011 - 18:31 | 1522233 InconvenientCou...
InconvenientCounterParty's picture

maybe he can reach the W. Bush benchmark of quality?

Wed, 08/03/2011 - 19:01 | 1522245 saulysw
saulysw's picture

Actually, the shock of withdrawal will kill the patient. He will be vilified for actually doing the right thing. Taking on the US economy now as a responsibility is a "hospital pass" - which in football is when you get the ball just before several big guys tackle you and wipe you out. I'm really mixing my metaphors today, sorry about that. It’s an onion thing. Anyway, Ron Paul, as much as I like him, will be used in this game before the end. It will be when there is absolute certainty of failure. Libertarian ideals will be crushed as it will be too late for them to work. Then the drastic NWO desired outcomes are implemented in the dead of night. Now, where are my meds? Ah, here they are – tucked safely inside my foil hat. Yummy.

Thu, 08/04/2011 - 07:03 | 1523141 rufusbird
rufusbird's picture

I like it...Ron, Hospital Pass, Paul...sounds catchy!

Thu, 08/04/2011 - 08:27 | 1523274 madbomber
madbomber's picture

lol

 

Thu, 08/04/2011 - 08:27 | 1523275 madbomber
madbomber's picture

lol

 

Wed, 08/03/2011 - 19:05 | 1522263 Rainman
Rainman's picture

How bad can it get, you ask ??

How bout the Mexicans leaving California to find a job in Mexico ?

http://www.sacbee.com/2011/07/28/3799513/improving-mexican-economy-draws.html

Wed, 08/03/2011 - 19:20 | 1522303 Careless Whisper
Careless Whisper's picture

maybe mexico will build that fence to keep their own people from coming back.

Wed, 08/03/2011 - 19:39 | 1522355 MsCreant
MsCreant's picture

You almost had it Careless, they will build it to keep us OUT!

Wed, 08/03/2011 - 20:49 | 1522489 FeralSerf
FeralSerf's picture

They're waiting for us to finish building the fence to keep the Americans in.

Wed, 08/03/2011 - 21:24 | 1522582 decon
decon's picture

Just returned from a week in Mexico last night and I'm really starting to notice that the dollar is not as welcome as it used to be.  I've been going there for a long time and in the last year or two I've noticed that people sometimes say they would prefer pesos rather than dollars.  That never happened until recently.  Many merchants won't give you as favorable a conversion rate as the official rate either.

Wed, 08/03/2011 - 21:45 | 1522627 Vendetta
Vendetta's picture

that happened to me in Canada

Wed, 08/03/2011 - 18:53 | 1522244 tmosley
tmosley's picture

Ron Paul has been totally consistent his entire career, which is a LONG one.  If you can't see that then you are just stupid, ignorant, or both.

Wed, 08/03/2011 - 19:25 | 1522314 mtomato2
mtomato2's picture

Good to see you, Tmos.  Where you been hidin'?

Wed, 08/03/2011 - 20:02 | 1522404 Blano
Blano's picture

I think you can find him on Turd's blog on occasion.

Wed, 08/03/2011 - 19:36 | 1522349 Rusty_Shackleford
Rusty_Shackleford's picture

Bingo.

Wed, 08/03/2011 - 19:14 | 1522285 Sgt.Sausage
Sgt.Sausage's picture

"lobby whore" and ron paul in th same sentence???

Bwaaahahahahahahahaha

Not too familiar with Mr. Paul, are we?

Wed, 08/03/2011 - 19:43 | 1522360 JW n FL
JW n FL's picture

he is one man surrounded by a sea of lobby whores.. does it make more sense now that it has been dumbed down to a 3rd graders level?

you fucking idiots are the problem.. if there was a sea of ron pauls you stupid fucks would elect Bush again

Wed, 08/03/2011 - 21:06 | 1522523 XenoFrog
XenoFrog's picture

Go tell it to your Iranian handlers. They might care.

Wed, 08/03/2011 - 22:43 | 1522750 CompassionateFascist
CompassionateFascist's picture

Go tell it to your Zionist handlers. They might care.

Thu, 08/04/2011 - 08:04 | 1523232 tarsubil
tarsubil's picture

Can I give you a hug? You are right, we are stupid. But aren't we all?

Wed, 08/03/2011 - 19:32 | 1522335 YesWeKahn
YesWeKahn's picture

debt has never been a problem. But getting elected or reelected is.

Wed, 08/03/2011 - 20:39 | 1522469 clymer
clymer's picture

Either you are a troll, or clearly clueless about Ron Paul. Lemme guess: Obama supporter, 2008

Wed, 08/03/2011 - 20:45 | 1522481 XenoFrog
XenoFrog's picture

Do you have a solution that doesn't involve genocide?

Wed, 08/03/2011 - 22:45 | 1522753 CompassionateFascist
CompassionateFascist's picture

Where Jews are conerned, it always involves "genocide"...only question is "who/whom".

Wed, 08/03/2011 - 23:28 | 1522846 mason5566
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Thu, 08/04/2011 - 12:15 | 1524125 Gold Man-Sacks
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Lobbyists just walk right past his office.  They know he can't be bought.

Wed, 08/03/2011 - 18:16 | 1522191 MarketTruth
MarketTruth's picture

It's like telling a fat guy to lose weight he needs to eat more donuts.

Wed, 08/03/2011 - 20:27 | 1522450 Animal Cracker
Animal Cracker's picture

More like telling fat people that it's the bun on a bacon cheeseburger that makes them fat.

Millions of people bought into that as well.  

Wed, 08/03/2011 - 18:31 | 1522232 bbq on whitehou...
bbq on whitehouse lawn's picture

Because without increaseing the debt you will have no fresh money. Like a wife who maxi's out your credit card. Do you get a home line of credit on your 10million dolar home to pay for a 1million balance on your credit card. Or do you default on that card and take aout a 3million creditline on your home?

 

Kids, pets and lawn aside there are reasons to increase the credit limit...if done in a non-stupid way.

But doiing so to make another shoping trip to the  Walmart may not be the best.

Its not the limit on the debt its the ability and willingness to pay. Like a crackhead with a HELOC your going to end in court.

 

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