U.S. debt passes $15 trillion milestone

[BOLLOCKS]

Oh Lawdy, only Ron Fecking Paul could have teh world now.

[F l i c k e r]

The solution was Hitler, he saw what his country was becoming and who it was run by and what wouldve happened to it. Just look at USA today and Europe today, EXACTLY what people predicted would happen.

psa: The Founding Fathers were AGAINST a Federal Reserve and all that BS.

A private corporation that doesnt answer to anyone that prints and controls all the money? Yea, nothing can go wrong.

Exactly and there is only one presidential candidate that shares that same view and wants to get rid of that system.

I mean check this out if you haven't already. http://www.ronpaul2012.com/the-issues/end-the-fed/

What's your view on it?

[Jim Jeffries]

Actually thats 100% wrong, to get a strong economy you have to to de-flate your dollar so it becomes worthless, look at China, their dollar was worth crap and they came out balling. Inflation just ruins your dollar and economy.

I believe Vet was pointing out that inflation will be a consequence of monetizing our skyrocketing debt (as the Fed has been doing) after other countries either don't have the ability (Japan) or the desire (China) to keep financing it.

But you appear to be confused. Hyper inflation leads to a weakened dollar and deflation to a stronger dollar, but too little money chasing too many goods and a detrimental effect on exports.

Germany tried to print their way out of the massive reparations they were forced to pay after WWI and in a period of less than 3 years, went from about 150 reichsmarks to the dollar to not being worth the paper they were printed on. Zimbabwe's currency was devalued more than 100 quadrillion to 1 before being reduced to using US currency.

Accentuating the difficulties in this country are highly intelligent (though misinformed, or bereft of integrity) people like Rachel Maddow telling people that "we're not broke, we have plenty of money" and hordes of people thinking that our debt doesn't really matter. As we approach 4 trillion dollars in annual Federal Government spending, a number that almost doubles every 10 years, even under a supposed "conservative" like George W Bush. When we have a president that increases spending even as revenues plummet. When the argument is not to reduce spending, but to reduced slightly the increase in spending.

When the "solution" consists of a millionaire tax on the 0.2% of wage earners (that already pay 21% of our income taxes,) which totals 43.3 billion dollars annually. Not to go towards (less than 3%) of our current annual deficit, but for more spending.

Then we're in serious trouble.

[arraamis]

There cannot be an economic recovery, when every other politician is an agent for the major Corporations, Israel and China. Sorry, not singling out Israel to start a bashing session -- But, why is it such a high priority for US politicians to cater to AIPAC and other Jewish organizations that are designed from the ground up to benefit a foreign Nation?

The Federal Reserve's answer to the economic situation is to PRINT money with no foundation. Meaning that money is not backed by gold, silver, platinum, **** ... nothing!!! It is the PROMISE of VALUE, yet to be determined, if ever!!!

No nation in history, that undermined and devalued its own currency has had longevity. If one day the Organization of the Petroleum Exporting Countries made the decision to start trading oil for the EURO, then all US debt held by China and other nations would become valueless. The economy would collapse and we would see a recession\depression in the US the likes that has never been seen in human history.

The US economy has become a complex smoke & mirrors show, and its on the brink of destabilization. All because of a massive GREED system, orchestrated and engineered by multi-national corporations and Wall street. In a true FREE-MARKET economic system, there is no such thing as "TOO BIG TO FAIL". If there was anything to take away from the 2008 real estate disaster is that the US GOVERNMENT NOW SERVES CORPORATIONS, NOT THE US CITIZENS. How can it be LEGAL for elected officials to take taxpayer money, that is collected for the sole purpose of providing services to the citizens of the US -- to bail out CORPORATIONS.

The US leadership has been brought and sold to the highest bidder and that is not the US citizen. It is the multi-national corporations that spend millions through lobbyists lining the pockets of politicians, so that the will of corporations are fulfilled and not the will of the people.

I don't care how much they tax the rich, it will not correct decades of fleecing of the American tax system. By the very politicians elected to safeguard it.

The US tax coffers have been used to fill the pockets of politicians, Banks, Multi-national corporation CEO's, foreign countries and the list goes on and on. While at the same time 15 MILLION Americans are out of work and cut off from all economic support from the very tax system they paid into all their lives.

"We the people" is dead and gone, US citizens do not have a place in this economic system other than being CONSUMERS!!!!!

That is what US citizens have been reduced to: "MINDLESS CONSUMERS" who spend all their earnings feeding a system that no longer serves them.

There is not one politician in office or on the horizon, that can pull this economy out of the ditch, it took decades to dig. The politicians have destroyed this country with their unbridled greed and now all of us have to pay for the National Black Credit Card that is well over the limit.