US DEBT BURDEN GROWS

KRAM1 · June 6, 2012

The CBO (Congressional Budget Office) released new projections of a worsening U.S. fiscal outlook....the CBO reports that by the end of this year (2012) cumulative federal debt will be roughly 70% , that's SEVENTY PERCENT, of the gross national product.

That is up from 40% in 2008!

Projections are, that if something drastic does not happen to change it, that federal debt will be 200% of GDP in just 25 years!

Folks, if that doesn't scare you, nothing will. Hello Europe debt crisis...hello Greece, hello Spain, hello Italy....

Good grief......

meangreendork · June 6, 2012

ALL TOPICS MUST BE TITLED IN ALL CAPS!

LOUD NOISES!

KRAM1 · June 6, 2012

ALL TOPICS MUST BE TITLED IN ALL CAPS!

LOUD NOISES!

Appreciate your adding such a thoughtful and in depth analysis to the discussion. Somehow, I don't hear the noise of which you speak...it's the Internet, right? No "real" sound on GMG.Com or have I missed a link to the GMG.Com sound system?

But, now that you mention it...a growing US debt burden is worthy of loud noises as way too many people either are not paying attention or have no clue as to the dire consequences should the US not get this under control very soon. However, I do see you have a firm grasp of what's important in the dicussion.

GreenMachine · June 6, 2012

ALL TOPICS MUST BE TITLED IN ALL CAPS!

LOUD NOISES!

So when you don't have an opinion or solution, just throw out some random dribble?

Quoner · June 6, 2012

So when you don't have an opinion or solution, just throw out some random dribble?

Or a virtual business card.

meangreendork · June 6, 2012

So when you don't have an opinion or solution, just throw out some random dribble?

Why not? I mean, I can tell you that we can sit here and debate all sorts of ways to handle spending and taxation, and that the real solution is systemic reform and that I don't see a major shift happening until government is actually forced into it by a huge economic drop, but that's no fun is it?

glick1980 · June 6, 2012

The same problem that goes on in a lot of American households is what has been happening to out government for the past two decades. We are living beyond our means. Until people understand this and create reform in their own homes, I doubt we will see reform in the government.

Censored by Laurie · June 6, 2012

We are living beyond our means.

We're not all VP's of finance.

Quoner · June 6, 2012

We're not all VP's of finance.

What are you gonna do? Go write about it?

yyz28 · June 6, 2012

What are you gonna do? Go write about it?

Classic. Well played, sir.

Shuke-D · June 6, 2012

I bet you my debt burden is a helluva lot bigger than a first grader's. Suck it toddlers.

forevereagle · June 6, 2012

I bet you my debt burden is a helluva lot bigger than a first grader's. Suck it toddlers.

Censored by Laurie · June 6, 2012

What are you gonna do? Go write about it?

Good job. Good effort.

GreenMachine · June 6, 2012

Or a virtual business card.

don't you have a poem to write or something?

GreenMachine · June 6, 2012

We're not all VP's of finance.

A few of you guys make it easy to see why some get ahead in life and others don't.

Quoner · June 6, 2012

A few of you guys make it easy to see why some get ahead in life and others don't.

Because we make fun of one of 18 VPs of Finance for Cumstane and Sons Family Bank?

Or post on the internet all day...because...well, you're here, too.

GreenMachine · June 6, 2012

Because we make fun of one of 18 VPs of Finance for Cumstane and Sons Family Bank?

Or post on the internet all day...because...well, you're here, too.

Must have hit a nerve or you just defending your bf CBL? I have seen you at a football game before and well, never mind. Run along now and write your poem.

Quoner · June 6, 2012

Must have hit a nerve or you just defending your bf CBL? I have seen you at a football game before and well, never mind. Run along now and write your poem.

Well this isn't fun. I really want to follow the poem insult (I guess because poems are gay or because at the WKU game I was busy kissing the guy next to me while reading Stopping by Woods on a Snowy Evening), but I'm mostly just confused. Want to meet up at S4 and talk it out? Do we have tickets near each other? Would that put us in the same tax bracket?

Oh, and make sure your LinkedIn password is updated. I hear bad things are happening in that business world I hope to learn more about some day.

GreenMachine · June 6, 2012

Well this isn't fun. I really want to follow the poem insult (I guess because poems are gay or because at the WKU game I was busy kissing the guy next to me while reading Stopping by Woods on a Snowy Evening), but I'm mostly just confused. Want to meet up at S4 and talk it out? Do we have tickets near each other? Would that put us in the same tax bracket?

Oh, and make sure your LinkedIn password is updated. I hear bad things are happening in that business world I hope to learn more about some day.

You are getting predictable, I thought your type was more creative.

GrayEagle · June 6, 2012

Another thread stolen by the wits of this board. Thanks dork for giving a relative reply.

GreenMachine · June 6, 2012

Another thread stolen by the wits of this board. Thanks dork for giving a relative reply.

No prob

By the way, everybody on this board is either a wit or a dork.

Edited June 6, 2012 by GreenMachine

Quoner · June 6, 2012

Another thread stolen by the wits of this board. Thanks dork for giving a relative reply.

What's the proper response? There was no question posed, Kram reported a fact, Dork had a good response and Greenmachine did what he do while he got his chops ever so playfully busted. If you want to piggyback on that, there's plenty of room. Personally, I'd prefer you do it in poetry form, though.

forevereagle · June 6, 2012

Another thread stolen by the wits of this board. Thanks dork for giving a relative reply.

Yeah, because this wouldn't have turned into the same thread we have seen over and over where people disagree and offer long posts to support their opinion.