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US Debt Soars By $54 Billion Overnight, Closes May At Record $15,770,685,085,364.10

Tyler Durden's picture


There was one thing that the Roller-Upper-Of-Sleeves-In-Chief forgot to mention in his 1 pm rehearsed oratory today: the highlighted number below. And certainly the chart below showing the relative change in US GDP and debt. Since we can only assume the president was too busy pontificating on other very important things, we are happy to fill in the hole.

As of May 31:

Source: DTS

And the bigger picture:


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Fri, 06/01/2012 - 16:35 | 2485834 drink or die
drink or die's picture

What is the official ZH prediction for the date on hitting the limit?

Fri, 06/01/2012 - 16:38 | 2485855 Rahm
Rahm's picture

Be afraid.  Be very afraid.

Fri, 06/01/2012 - 16:47 | 2485899 MendozaErika
MendozaErika's picture

my friend's mother makes $82 every hour on the computer. Re­a­d m­or­e www.LazyCash9.Com

Fri, 06/01/2012 - 16:54 | 2485936 midgetrannyporn
midgetrannyporn's picture

Worst reputational score I have ever seen:

Fri, 06/01/2012 - 16:57 | 2485958 lineskis
lineskis's picture

And pension reforms are getting sensitive, in Illinois at least:

Fri, 06/01/2012 - 17:12 | 2486012 otto skorzeny
otto skorzeny's picture

not the best of rants if you don't know what he's talking about-stay on topic! If it were me(being an IL taxpayer like Santelli)I would have said"IF YOU EXPECT ME TO PAY HIGHER TAXES SO SOME IL STATE COP OR IDOT WORKERCAN MAKE A 6 FIGURE PENSION W FULL HEALTH INSURANCE FOR LIFE  AFTER RETIRING AT FIFTY YOU ARE FUCKING CRAZY"

Fri, 06/01/2012 - 17:18 | 2486028 10mm
10mm's picture

Coming to a State near me.Penna already talking change in order with pension.Broke is broke.

Fri, 06/01/2012 - 17:23 | 2486050 AldousHuxley
AldousHuxley's picture

It is simply a game between DEBT vs. UNEMLOYMENT


Fed WILL print more DEBT. there is no other way.

Fri, 06/01/2012 - 17:21 | 2486038 camaro68ss
camaro68ss's picture

does that extra 10 cents really matter? lol who counts in pennys any more when you can count in trillions

Sat, 06/02/2012 - 08:37 | 2487047 drmfh
drmfh's picture

Well, if I pay off the 10 cents and about 150 trillion other people do the same, then we're good to go, right???

Fri, 06/01/2012 - 17:21 | 2486039 SilverIsKing
SilverIsKing's picture

Obummer was pontificating on how every under water homeowner should have the ability to refinance their mortgage at a lower rate.  LOL

He asked, "wouldn't everybody like an opportunity to save $3,000 a year?"

And the sheep all applauded on cue.



Fri, 06/01/2012 - 17:45 | 2486106 otto skorzeny
otto skorzeny's picture

and then he should have said "but whatever you save will be destroyed by inflation bichezzz-I'm going out to the Choom Wagon! OBUMMER OUT!!!"

Fri, 06/01/2012 - 19:10 | 2486302 BlackholeDivestment
BlackholeDivestment's picture

...and then he should have said, ''enjoy the Apple, you shall not surely die. In your FaceBook. Prophetic peace out. (does satanic gang sign as he struts out of the White House Presstitue Room) ...bitchez, I got a dance date with Rahm at the Dimon House to get to in ''short'' (new world) order''.

Fri, 06/01/2012 - 23:27 | 2486702 Estrella
Estrella's picture


Look there is this thing called reality. Illinois has the cops and the cops have the guns. So, when the government says that Santelli is going to have to pay more taxes so that the cop can retire at 50, well, then, he is going to pay more taxes. No ifs, ands, or buts about it.

Sorry, wish it weren't so.

Sat, 06/02/2012 - 02:34 | 2486869 natty light
natty light's picture

He's mad because he can't figure out the vig.

Fri, 06/01/2012 - 18:25 | 2486197 Blankenstein
Blankenstein's picture

And the Chicago Teachers Union wants  a 30% raise over the next 2 years.  They must not have read the articles on Chicago's pension crises.  No surprise, though, as they are part of the same group who kept voting for one of the devil's henchmen from Illinois, Richard Daley, and all of his bribes of (unfunded) great wages and pensions that have left the city drowning in debt.

Fri, 06/01/2012 - 17:46 | 2486109 css1971
css1971's picture

Interesting site, bookmarked. Reputation is one of the big unsolved problems.

Fri, 06/01/2012 - 18:36 | 2486220 NotApplicable
NotApplicable's picture

Whassa matta? All of those "like" buttons fail to satisfy?

Fri, 06/01/2012 - 17:54 | 2486128 koan
koan's picture

LOL well with a name like "lazycash" who do you think they are targetting? Not people that research.

Sat, 06/02/2012 - 03:39 | 2486915 bloostar
bloostar's picture

Nope, wait a minute... (tap tap tap 'return').... Now it is!

Fri, 06/01/2012 - 18:42 | 2486241 lakecity55
lakecity55's picture

So, she's doing BJ videos on Skype?

Sat, 06/02/2012 - 07:57 | 2487023 JamesBond
JamesBond's picture

yeah, i saw her on the 'frustrated housewives from russia' webcam site.

take it where you can get it

Fri, 06/01/2012 - 16:39 | 2485856 Dr. Richard Head
Dr. Richard Head's picture

It depends on how much is left in the Federal Employee Pension Fund. 

Fri, 06/01/2012 - 20:16 | 2486450 John Wilmot
John Wilmot's picture

Did they ever repay what they took from it last time? (serious question, I don't remember)

Sat, 06/02/2012 - 12:41 | 2487282 Sudden Debt
Sudden Debt's picture

Once the pension age is raised to 199 years, that won't be a problem anymore. 1$ should be enough the fund it all!

Fri, 06/01/2012 - 16:39 | 2485859 redpill
redpill's picture

December 21, 2012.

Fri, 06/01/2012 - 16:47 | 2485901 X. Kurt OSis
X. Kurt OSis's picture

As of today, there is approximately $666 million in more debt to pile on before almost breaching the ever increasing debt ceiling.

Fri, 06/01/2012 - 16:47 | 2485904 somecallmetimmah
somecallmetimmah's picture

Dude, we're no where *near* that lucky.

Fri, 06/01/2012 - 16:45 | 2485889 battle axe
battle axe's picture


Sat, 06/02/2012 - 12:43 | 2487284 Sudden Debt
Sudden Debt's picture

No printing is needed, you only have to imagine it.
Like in the wizard of Oz: click your heels 3 times...

Fri, 06/01/2012 - 16:57 | 2485953 LeonardoFibonacci
LeonardoFibonacci's picture

No problem as the Rockefeller/Rothschild partnership will fix all these quirks.

Sat, 06/02/2012 - 14:54 | 2487515 Hugh G Rection
Hugh G Rection's picture

Maybe Rabbi Dov will give back the $3trillion plus he stole while at the Pentagon?  That would get us back to $12T.


The parasite Israel will suck every resource out of this country until the host is dead.

Sat, 06/02/2012 - 23:47 | 2488421 Joseph Jones
Joseph Jones's picture

What about our "unbreakable bond" with the victims of the holohoax? 

Sun, 06/03/2012 - 02:30 | 2488608 Hugh G Rection
Hugh G Rection's picture

The holohoax is a great PR campaign, bread and butter propaganda for Zionist Hollywood and Zionist MSM.


I have Christian ancestors that were among the 60 million dead under Jewish Bolshevism... where's our Christian state going to get set up?  When are the blockbuster tearjerk movies going to be released?


Zionism Delenda Est!

Fri, 06/01/2012 - 16:37 | 2485836 ZippyBananaPants
ZippyBananaPants's picture

Zimmerman, John (something or another last name) some Senator, man charged with driving a lawn mower while intoxicated.  


Thats all the news we need this weekend to keep people busy!!

Fri, 06/01/2012 - 16:39 | 2485862 Dr. Richard Head
Dr. Richard Head's picture

In his defense, that is the only way to mow one's lawn - intoxicated.

Fri, 06/01/2012 - 17:55 | 2486132 koan
koan's picture

Not if you own a small dog.

Fri, 06/01/2012 - 18:40 | 2486233 NotApplicable
NotApplicable's picture

And I haven't had rain in a friggin month!

Oh well, at least I can water my newly-seeded lawn while drinking (while trying not to think about how expensive my water is).

Fri, 06/01/2012 - 18:58 | 2486271 otto skorzeny
otto skorzeny's picture

the water is free-it's the cost of the chemicals that they put in that water that has shot up-thank The Bernank!!!

Fri, 06/01/2012 - 16:36 | 2485839 Temporis
Temporis's picture

How do we dig ourselves out of a hole like this?

... we dont.


Fri, 06/01/2012 - 16:41 | 2485872 john39
john39's picture

lock the bankers up, throw away the key, erase any debt owed to them for starters....  the collateral damage will be huge, but, will it be any better if any other course of action is taken?

Fri, 06/01/2012 - 16:52 | 2485933 smb12321
smb12321's picture

What a cheap cop out.  Throwing folks in jail will solve the problem?  Bankers did not vote for politicians with ludicrous "free" programs. They didn't clammor for programs that could only be paid with massive debt.  They didn't formulate the ponzi schemes of Social Security and Medicaid, both bankrupt.  If you want to find someone to blame, look in a mirror.

Fri, 06/01/2012 - 17:01 | 2485968 somecallmetimmah
somecallmetimmah's picture

Exactly.  Locking people up doesn't generate revenue.  *Fining* thes does.

Fri, 06/01/2012 - 17:16 | 2486021 LawsofPhysics
LawsofPhysics's picture

LOL!!!  Yeah that has worked well.  Restore real fucking consequences  for bad behavior or the people who actually create real goods and services will continue to walk away.  Fuck the paper pushers you moron, they add NO real value and have caused the crisis in the first place.

The "markets" would rally big time if the fraud was actaully prosecuted and companies were actually allowed to fail when their leadership and shareholders made bad decisions.  instead the taxpayer is forced to bailout private equity and you want the fucking criminals to go free, fuck you.

This is now way past revenues idiot, it is about restoring a real fucking market.   Either you we do this or other markets will emerge and the fascim will get worse.  History is very clear on how that plays out.

Fri, 06/01/2012 - 17:17 | 2486029 LawsofPhysics
LawsofPhysics's picture

What a fucking idiot.  Restore the rule of law and real fucking consequences for bad behavior or it all goes offline, period.  Fine with me, at least then we get to find out precisely what the real value of everyone's labor is.  Fucking bring it moron.

Fri, 06/01/2012 - 18:15 | 2486173 GubbermintWorker
GubbermintWorker's picture

You're right, throwing them in jail will not solve anything and since they can more than afford any fines.....we should just hang em!

Fri, 06/01/2012 - 21:23 | 2486551 azzhatter
azzhatter's picture

I would like one week in jail first so Dimon can get ass raped by Bubba from Birmingham a few times before we hang him

Fri, 06/01/2012 - 16:48 | 2485914 somecallmetimmah
somecallmetimmah's picture

We're half-way to China, Dude.  Keep digging!

Fri, 06/01/2012 - 17:31 | 2486080 css1971
css1971's picture

Actually it's real simple. But the interested parties all have 12 figure sums on the line keeping the status quo.

Fri, 06/01/2012 - 16:37 | 2485846 CommunityStandard
CommunityStandard's picture

Did the estimated ceiling breach date move up, or are we still pegged for mid-September?

Fri, 06/01/2012 - 16:53 | 2485940 somecallmetimmah
somecallmetimmah's picture

Bold prediction: 31 August @ 5:37pm EST (just before the long Labor Day weekend).

Sat, 06/02/2012 - 23:51 | 2488427 Joseph Jones
Joseph Jones's picture

One week before the 9ers kick Green Bay's butt in the opener @ Lambeau Field?  Perfect!  

Fri, 06/01/2012 - 16:37 | 2485849 bob_dabolina
bob_dabolina's picture

This is clearly Bush's fault

Fri, 06/01/2012 - 16:43 | 2485883 Sock Puppet
Fri, 06/01/2012 - 16:39 | 2485864 A Lunatic
A Lunatic's picture

So this is what decreasing the deficit looks like............

Fri, 06/01/2012 - 16:43 | 2485879 CommunityStandard
CommunityStandard's picture

We just have to start selling at negative interest rates like the Swiss.

Fri, 06/01/2012 - 18:42 | 2486239 xtop23
xtop23's picture

It's stretched out over 10 years. You can't see the reductions. But they're there. Promise.

Fri, 06/01/2012 - 16:40 | 2485866 VulpisVulpis
VulpisVulpis's picture

It's just paper right? What's another $60B?

Back the truck up.

Fri, 06/01/2012 - 16:40 | 2485869 EscapeKey
EscapeKey's picture

SAN FRANCISCO (MarketWatch) -- Egan-Jones Ratings Co. on Friday lowered Italy's sovereign rating to B+ from BB, noting that the country is in "miserable shape." "Italy's independent ability to support its banks is questionable given the country's weak condition," said the ratings agency in a statement. It also warned that Italy cannot support its debt if the European economy falters. Egan-Jones put the possbility of a default by Italy in the next year at 6%. It had cut Spain's rating to B from BB- earlier this week, citing the possibility that the government will likely have to extend more support to its banking sector.

Fri, 06/01/2012 - 16:50 | 2485927 ThirdWorldDude
ThirdWorldDude's picture

Don't Egan Jones know it's friday? 

Darn, they ruined our party!

Fri, 06/01/2012 - 21:24 | 2486556 azzhatter
azzhatter's picture

"in miserable shape"   running out of adjectives to describe the PIIGS

Fri, 06/01/2012 - 16:42 | 2485871 Jlmadyson
Jlmadyson's picture

This fall is going to be so much fun.... if we make it. Timmy is gonna be into those federal pension funds in no time with more days like this. Of course everybody here has known d-day is coming right at elections which should make for a grand ole time.


Fri, 06/01/2012 - 16:41 | 2485873 debtor of last ...
debtor of last resort's picture

What would a Chinese guy think when he reads:

for Gods sake?

Fri, 06/01/2012 - 16:49 | 2485922 hedgeless_horseman
hedgeless_horseman's picture



Fri, 06/01/2012 - 18:43 | 2486244 NotApplicable
NotApplicable's picture

You really think O'bummer's a top?

I always assumed that was Michele's position.

Fri, 06/01/2012 - 16:41 | 2485875 Everybodys All ...
Everybodys All American's picture

empty suit.

Fri, 06/01/2012 - 17:18 | 2486032 Squid Vicious
Squid Vicious's picture

40 minutes 'til wapner... i mean Cramer...

Fri, 06/01/2012 - 18:44 | 2486249 NotApplicable
NotApplicable's picture

"Facebook sucks."

Fri, 06/01/2012 - 16:45 | 2485887 Stimulati
Stimulati's picture

Now I wonder - whose economic theory would argue that record high debt could coincide with record low interest rates?

Fri, 06/01/2012 - 16:44 | 2485888 Sock Puppet
Sock Puppet's picture

Now is the time to max the credit cards out on PMs and Survival items.

Fri, 06/01/2012 - 16:47 | 2485905 Evil Bugeyes
Evil Bugeyes's picture

Let the good times roll! Uh, LET THE GOOD TIMES ROLL! OK, someone go find the good times.

Fri, 06/01/2012 - 16:50 | 2485921 somecallmetimmah
somecallmetimmah's picture

...then chop off its head.

Sat, 06/02/2012 - 10:27 | 2487110 NumberNone
NumberNone's picture


Fri, 06/01/2012 - 16:48 | 2485912 All Out Of Bubblegum
Fri, 06/01/2012 - 16:51 | 2485929 Imminent Collapse
Imminent Collapse's picture


Fri, 06/01/2012 - 16:53 | 2485931 q99x2
q99x2's picture

He should get another job--in Kenya. Indonesia would be ok too.

Fri, 06/01/2012 - 16:54 | 2485939 Caviar Emptor
Caviar Emptor's picture

Remember ZHers:

In today's markets we say : Bulls lose money, Bears lose money but PIIGS will fry! 

Fri, 06/01/2012 - 16:58 | 2485948 Balmyone
Balmyone's picture

So who else thinks the gold and silver divergence from stocks is sustainable.

All I can say is about friggin time.

You gotta love it when gold goes up 4%, silver goes up 3%, and stocks go down 2.2%+.

I had a great day with physical gold and silver, and my only remaining stock holding, CDE was up 8.58%. And yes, I've held the dumb thing since $31, so I kinda am still hurting.

Ben's gonna print, cause that's he reason for existence. The government's budget deficit and therefore debt is just going to get worse and worse. I can't wait to see how the get around the Budget Stability Act cuts in 2013, but I'm sure they will. Can't cut spending by $1 trillion dollars. Although I'd love to see what the economy looks like if they actually show the balls to do so.



Fri, 06/01/2012 - 16:58 | 2485954 combatsnoopy
combatsnoopy's picture

What are "hope" bonds?  "I hope you can pay me back" bonds?  Do you collateralize bets with those?  The bets that this country can pay off those debts?  


Fri, 06/01/2012 - 18:55 | 2486264 Bollixed
Bollixed's picture

Hope Bonds?

That's what they use to tie your hands to your ankles while they rape you up the ass.

Fri, 06/01/2012 - 16:58 | 2485956 yogibear
yogibear's picture

Quick Bernanke and the fed,  make more money out of thin air until there is a run on the US dollar! Washington would love to double and triple the debt. Keep spending and printing until it all blows up, then Bernanke and DC will propose a new currency. 

A perpetual shell game.

Bernanke and US policy is to produce nothing, shuffle paper and print until the gig blows up. 

Fri, 06/01/2012 - 17:01 | 2485966 BankruptBanker
BankruptBanker's picture

Relax, it's just the dinner check for the Bilderberg conference on the taxpayer's tab :D

Fri, 06/01/2012 - 18:48 | 2486252 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

That's very funny!

Fri, 06/01/2012 - 17:01 | 2485972 tony bonn
tony bonn's picture

adolph obama is plundering amerika for his bankster overlords.....

Fri, 06/01/2012 - 17:05 | 2485981 constantine
constantine's picture

If US Trasheries go to a negative yield, will they pay me to take TBT shares?  I'm placing a buy order for 10,000 at -$1.00 per share.  Could be the easiest $10,000 I ever make... brilliant...


Fri, 06/01/2012 - 17:05 | 2485989 TWSceptic
TWSceptic's picture

It's ok folks, Mike Norman said debt is a myth, not a problem:

Fri, 06/01/2012 - 17:16 | 2486020 riphowardkatz
riphowardkatz's picture

he is lobbying for Fed Chairman 2020

Fri, 06/01/2012 - 17:08 | 2486002 Rainman
Rainman's picture

First of the month is SNAPS card fill er up time .

Fri, 06/01/2012 - 17:11 | 2486008 EvlTheCat
EvlTheCat's picture

Well shit, lets go to war with Syria, Iran, China, Russia, and Venezuela.  That should help.....Right?

Fri, 06/01/2012 - 17:27 | 2486069 css1971
css1971's picture

Krugman says so.

Fri, 06/01/2012 - 18:16 | 2486176 EvlTheCat
EvlTheCat's picture

Glad I didn't need a fucking /sarc tag

Fri, 06/01/2012 - 20:32 | 2486478 John Wilmot
John Wilmot's picture

Experts agree that directing all resources to the production of useless shit which you then blow up with high explosives is grrrrreat for the economy.

And if the non-combatants meanwhile dig holes and fill them back in on alternating days, we'll all be rich in no time!

In other news, did you know you can use old motor oil to fertilize your lawn?

Fri, 06/01/2012 - 21:23 | 2486550 BooMushroom
BooMushroom's picture

"In other news, did you know you can use old motor oil to fertilize your lawn?"

Also, salt.

Sat, 06/02/2012 - 03:51 | 2486935 BankruptBanker
BankruptBanker's picture

And a simultaneous alien invasion would only double our portfolio.

Fri, 06/01/2012 - 17:13 | 2486014 web bot
web bot's picture

and by the way... the chart is in millions of dollars...

It's absolutely unbelievable.

Fri, 06/01/2012 - 17:13 | 2486015 riphowardkatz
riphowardkatz's picture

remove the debt from the government spending part of the equation and that graph looks a little bit different

GDP = private consumption + gross investment + government spending + (exports ? imports)


Fri, 06/01/2012 - 17:13 | 2486016 monopoly
monopoly's picture

There is no doubt, we pay our dues here at Zero Hedge. We are ridiculed, laughed at, advised how stupid we are. The trolls are all over us whenever gold, silver are lower. Well, our patience, and knowledge of the end game is beginning to pay off.


Fri, 06/01/2012 - 17:17 | 2486023 Al Huxley
Al Huxley's picture

They're just trying to meet the huge fucking demand for US Treasury paper.

Fri, 06/01/2012 - 17:20 | 2486041 outamyeffinway
outamyeffinway's picture

June 20th, the announcement of "GDP Targeting"...


Fri, 06/01/2012 - 17:30 | 2486075 crawldaddy
crawldaddy's picture

Mint a one off 15 trillion dollar coin, toss it in fort knox, problem solved.

Fri, 06/01/2012 - 21:58 | 2486617 saulysw
saulysw's picture

It could be done, but it might have to be a fraction larger than this one....

Fri, 06/01/2012 - 18:02 | 2486142 The Gooch
The Gooch's picture

Meanwhile Air-Farce 1 is touching down in Chicago, so TOTUS can take Marine 1 downtown for....  a.... FUNDRAISER!

Shutting down LSD on a Friday @ 5 p.m.

Yes we CON!


Fri, 06/01/2012 - 19:07 | 2486298 otto skorzeny
otto skorzeny's picture

I was downtown building a River North high rise for the yups in 2004 during the boom when G.W.B. AF2ed into Grant Park for a fundraiser @ the Sheraton on the river- we weren't supposed to stand by the edge of the building(we did anyway) and the convoy with about 20 black SUVs never went less than 40mph winding through the downtown streets-SS had those things on 2 wheels taking corners-pretty wild. and they closed down LSD for about 2 hours prior to the landing

Fri, 06/01/2012 - 18:26 | 2486202 bait_n_switch
bait_n_switch's picture

Learn about the Comprehensive Annual Financial Report (CAFR).  You will be surprised to see that our government is wealthier than wealthy : $110 TRILLION!! Politicians are either fucking liars or fucking ignorant.

They use creative accounting that  promotes debt and hides the assets.  For instance, a government can list it has a billion dollars in investments but we have future liabilities to pay so it can show that a billion dollar fund is a negative.  It would be like you or I saying we have a $10,000 account but we have to make $1000 payments on our car so we report to the IRS that we’re in the negative by $2,000  The wealth is hidden under future liabilities.

The CAFR is the argument to end all arguments.  CAFR is the independent audit of the books of the 230,000  corporations under the umbrella of federal government  The best kept open secret in history

Fri, 06/01/2012 - 18:41 | 2486238 Vince Clortho
Vince Clortho's picture

somebody was in the cookie jar.

Fri, 06/01/2012 - 18:59 | 2486279 otto skorzeny
otto skorzeny's picture

God I love class warfare-it's the only way mankind progresses

Fri, 06/01/2012 - 21:36 | 2486578 f16hoser
f16hoser's picture

Congrats Amerikan taxpayer. Tim Geithner just bailed-out Greece/Spain/IMF with your money!

Sat, 06/02/2012 - 13:37 | 2487396 Alpha Monkey
Alpha Monkey's picture

Not my money, that's the fed's money.  My money is gold, I don't think they are bailing anything with that. Let them destroy their paper, my gold will still be sitting here, looking better and better!

Fri, 06/01/2012 - 22:56 | 2486672 John Law Lives
John Law Lives's picture

The Chairsatan has been subsidizing reckless spending by Congress through providing nearly free money.  That SOB needs to be put on trial.

ONLY Dr. Ron Paul has the guts to make tough decisions to get spending back in order.  I voted for him in the Texas GOP Primary this week.  Too bad more Americans are not on board with the only POTUS candidate worthy of the office.

Sat, 06/02/2012 - 16:02 | 2487653 Walt D.
Walt D.'s picture

Hey only another $20 billion to go before we hit the $1 trillion mark for the fiscal year.

Sat, 06/02/2012 - 18:50 | 2487910 Tom Green Swedish
Tom Green Swedish's picture

Nobody should get a bailout. Not the banks. Not Mr and Mrs America. NOBODY. (except of people who are really disabled) Being bailed out is un American. Paying less in taxes and running a deficit is unamerican. Did we ever ask for a bailout when we came here with nothing? Americans are the most productive people in the world in 200 short years we have risen to the only superpower in the world. Now we are a bunch of babies crying about the banks. Americans do not ask for bailouts. This country has turned into a bunch of little crybabies.

its not as complicated as you think. If each person were to just pay an extra 4000 dollars in taxes a year (this is an average it can be tweaked to income levels) the deficit could be eliminated or at least contained, if some reasonable cuts were made we could eliminate the deficit. So the next time you get that big refund back from Uncle Sam and go spend on your kids at Wal Mart on Chinese stuff think of me. I'm the guy who they took the money from so you can go "stimulate" the economy. In fact the only way I can get ahead now is to knock some girl up and soak up money from it. I grew up like it was 1948 and had nothing and I doubt my parents spent more than they received in tax money on me. Stop thinking and go turn your kids into mommy's kids who won't even be able to get their way out of a wet paper bag without you or some cash from the government. Why don't you teach your children something they can use in their life instead of going to Wal Mart and buying items? If you don't want to be a "debt slave' look at all the things that are making you a "debt slave" and try to figure out how to do them yourselves. Think before you do something. Don't go out and buy that house you can't afford just because someobdy told you you need a house.  Go read a book. This crisis could have been avoided if people weren't so lazy and stupid. Bunch of lazy crybabies.
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