This is a lot of money, I wonder where it's at Options

[darksecret]

Toward the end of Clinton's first year in office: 09/30/1993 $4,411,488,883,139.38

8 years later: 09/29/2000 $5,674,178,209,886.86

Toward the end of Bush's first year in office: 09/28/2001 $5,807,463,412,200.06

Current: 08/19/2005 $7,926,125,407,102.74

From the Bureau of the Public Debt.

This post has been edited by darksecret: Aug 23, 2005 - 11:05 AM

[mr_dude]

Indeed, the remedy for a recession is deficit spending. The problem is, spending the money to keep aircraft carriers running doesn't stimulate economic growth. The link I posted mentions the lack of money put into science and technology - the two things that have provided us monetary gains on a national level.

were number one and nobody has balls enough to ask for their money back.

I'm glad you're proud to be an American, but that's not how national debt works. Just like taking out a car loan, we pay interest. It amounted to $314,909,670,536.68 in FY05 (http://www.publicdebt.treas.gov/opd/opdint.htm). The #3 budget expenditure. The government has never defaulted on a loan (many of which are bonds that American citizens buy), if it did then we'd be in much much worse shape.

My unit didnt get anything until iraq war and now theyve got all new vehicles and armor. We spent 750k just on our plasma tvs for the command center.

I'm not even going to go into the absurdity of specific purchases or a war "to free the people of Iraq."