this year's federal budget deficit will hit a record $445 billion. dont let this turn into a bush vs. democrats vs. republicans vs. johnny liberal finger pointing event. the damage is done. i dont see a point in further dividing the country with another waste-of-time debate on which party is to blame. we've lost too much time already and IMO need to get off the la-z-boys and fvcking hustle. now how do we, as a nation, go about digging ourselves out of this sh1thole we are in? discuss.

 

i thought it was in the trillions

 

the federal debt doesn't matter.

 

yes it does.

 

well to an extent yes...but not as much as most people think.

 

It doesn't in the sense that we wont have collectors knocking on the Whitehorse's door, BUT we are paying interest on that debt, which makes our tax dollars less effective.

Having a small deficit is nominal and is resultant from people investing in the government... What we do have is an out of control spiral from bad leadership and economic decisions.

 

9/11 + two wars + recession = cost money

 

More like the last 2 decades kind of thing :happysad:

 

regardless of how much we are in debt, there are countries who are in debt to us, so its kinda balances out, not perfectly, but balances

 

yes it is, the USA nationnal debt is arround 7 000 000 000 000$ us fund obviously! What Frankie sais is this budget has a deficit of 445B$ that will be added to the national debt...
And i wonder really how much money ither nations owe to the US goverment?