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發表於 2008-10-6 05:59 AM
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i saw this on facebook:
National Debt
After reading about the 700 billion, i thought hey, what about our national debt. Well, as we all know, it's about 10 trillion, tetering around 11 trillion, and i have facts to prove it.
In fact, aside from my little commentaries, all statistical facts are from the Treasury website, you know, where Paulson works.
So how much exactly does the US owe? Down to the PENNY?
Current Debt 10/02/2008
Held by the Public 5,869,084,491,601.97
Intragovernmental Holdings 4,279,664,792,482.18
Total Public Debt Outstanding
10,148,749,284,084.15
See that BIG FAT number under DEBT HELD BY THE PUBLIC?
That's what we owe. But that's not doing it justice, no, not even close. Let's break it down, TREASURY style.
What is the Debt Held by the Public?
The Debt Held by the Public is all federal debt held by individuals, corporations, state or local governments, foreign governments, and other entities outside the United States Government less Federal Financing Bank securities. Types of securities held by the public include, but are not limited to, Treasury Bills, Notes, Bonds, TIPS, United States Savings Bonds, and State and Local Government Series securities.
Now apparantly individuals and corporations are in the same category, because you know we make millions if not billions in our entry level jobs with no benefits and can barely cover rent, I know I DO. Now suddenly the market collapses, oh no! We have to save these corporations even though they're the ones who have been gouging the market with 1) outsourcing 2) firing low level employees to protect the assets of the HIGH management 3) selling companies like commodities thereby creating an unstable work place and fluid work force who will shift from job to job. Then there are the banks, who lend money of course. To people who have a history of not paying back money, SUB-PRIME mortgages they call it. Wow, that sounds like an awesome idea, give money to people who don't pay it back. Sounding similiar to something else? HOLD ON for JUST a second. Now let's see for a second, 5,869,084,491,601.97, who's been hitting the shopping? You? Me? We could but that would mean that we will have to spend just about 24/7 buying from Armani and Hermes, and buying everything in bulk of 200 ( i dont know, i'm just making an example). Still, who do you think contributed to this debt the most? The individuals or the corporations? Probably the latter right? So apparantly it's fair that we foot that bill. Of course.
Now back to that point earlier i told you to hold onto. Remember the details?
1)Loan LOTS of money
2)to a person(s) with NO CREDIT
3)and is not expected to be paid back "in full", in full is a direct quote
4)the money is used to buy assets
well, let's see how it goes. Well since you're buying with borrowed money, it's a mortgage right? I mean we've played monopoly. Having no credit, that's not being "good" or "top"
So NOT so good/top quality mortgages. What's it called again? sub-good? no. that word is used with Ribs too. PRIME. there we go. SUB-PRIME MORTGAGES!
Wait, so in order to save the economy from these bad sub-prime mortgages, we dish out a 700 billion dollar SUB-PRIME MORTGAGE.
And we vote for these people? Not bernanke and paulson, they get appointed. That's the government's way of saying "haha" (in the nelson muntz voice of course)
http://www.treasurydirect.gov/NP/BPDLogin?application=np
http://www.treasurydirect.gov/go ... debt.htm#DebtMakeup
[ 本帖最後由 Lee3 於 2008-10-6 06:45 AM 編輯 ] |
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發表於 2008-10-4 05:28 AM
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