I've got a chart here that shows our debt-to-GDP ratio. And while we did run deficits in the past, we now number our debt in trillions rather than in billions. And I think that represents a long-term danger, especially to the, the American dream.
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Adjusting American Credit Ratings
17.3
trillion dollars
staggering
US faulting
on debt
flee
higher internet
rates 4 money rejecting
big business spending
cuts
but
American mega
rich are exempt
from all taxes pending
just raise debt ceiling
it's
been raised spending
countless times infesting
poor people's pockets
political leadership whims
sleight
of hand finances
American magic markers
erases 4 trillions
in American gross debt
Copyright © Terence George Craddock
Written in July 2011 on the 5.7.2011.
poem by Terence George Craddock
Submitted by Poetry Lover
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The debt and the deficit is just getting out of control, and the administration is still pumping through billions upon trillions of new spending. That does not grow the economy.
The New American Way # 3
lets see.
you finance your multi-trillion dollar
wars 100% with China ... and leave
the burden of the debt for the
American taxpayer to pay.
meanwhile, you take the billions
(maybe trillions) of dollars profit
that you make on defense contracts,
etc ... and put it in your pockets.
i've only been in the business world
for about 25 years but i know.
(forgetting the moral and ethical
implications) as we say
here in the south:
'that dog dont hunt! '
poem by Eric Cockrell
Submitted by Poetry Lover
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Over Now
Good night...
Yeah, its over now, but I can breathe somehow
When its all worn out, Id rather go without
You know its been on my mind
Could you stand right there
Look me straight in the eye and say
That its over now
We pay our debt sometime
Well its over now, yet I can see somehow
When its all gone wrong, its hard to be so strong
You know its been on my mind
Could you stand right there
Look me straight in the eye and say
That its over now
We pay our debt sometime
Yeah, we pay our debt sometime
We pay our debt sometime
Yeah, we pay our debt sometime
Guess its over now, I seem alive somehow
When its out of sight, just wait and do your time
You know its been on my mind
Could I stand right here
Look myself in the eye and say
That its over now
We pay our debt sometime
Yeah, we pay our debt sometime
We pay our debt sometime
Yeah, we pay our debt sometime
song performed by by Alice In Chains
Submitted by Lucian Velea
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Right now, a majority of the debt is owed to foreign interests, Japan being the largest purchaser of government debt today, soon to be surpassed by China as the number one purchaser of our debt in this Nation.
All we're getting from the Democratic majority in Congress and from this White House is more bailouts, more spending, more planned stimulus, more deficits and debt, and the American people have had it.
quote by Mike Pence
Submitted by Lucian Velea
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It is day after day in this institution, borrow money, run up the debt, run up the deficits and then with a straight face say, we are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people.
quote by Richard Neal
Submitted by Lucian Velea
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Mr. Obama denounced the $2.3 trillion added to the national debt on Mr. Bush's watch as ""deficits as far as the eye can see."" But Mr. Obama's budget adds $9.3 trillion to the debt over the next 10 years. What happened to Obama the deficit hawk?
This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.
Extremely Left
Some would see me as a left extremist, but I'm not, I understand economics very well, I understand why our system isn't functioning correctly. I have no degree to state this but it doesn't make me any less wrong. I have read though enough articles and documents how this or that would fix our system. It is the monetary system itself that is part of the problem, it is the governance of that system that is part of the problem, it is the way our money is both created and distributed that is the problem. They're too many facts pointing all in one direction to ignore. We must open our eyes and see behind the smooth talkers, manipulating anything and everything for there own benefit before it is too late. I don't hate government. I don't hate small business. I'm not an anarchist. I believe they have there place. But I also believe when corruption is in the open and no one cares we have a problem.
Some might think I'm off my rocker, but how do you get trillions of dollars in debt? Where does this debt come from? I recently saw a chart 1/3 of it came from bush era tax cuts for the rich. I heard someone say the corruption is now in the form of consolidation of what little wealth we have left. While that maybe true, I still believe that is in preparation for the second collapse. Or the first one that never really happen. Depending on your perspective. A soften fall by printing money that doesn't exist that's written upon government debt. Be confident people it won't hurt if you keep spending. But what your continuously spending is really doing is perpetuating the cycle of corruption. Providing more money to corporations they can use to influence our government more. Another words the debt was created to give corporation more power. I would say boycott everything if I thought that was possible. I would say lets have modern Boston tea party if I thought we could get away with it. But that method I believe is useless. The only ones I think can stop it are the politicians. Will they though? I doubt it. I have a voice as you do and we must keep speaking. And that is right now my number one objective. Will it solve anything? I don't know, but I must try. So I can say I was not one of those good people who did nothing.
poem by Ace Of Black Hearts
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Remembering Grandpa
grandpa was strict
i remember
for a Red Cross Donation
that i asked from him
and which he considers
as my debt
he did not forget
to remind me and
thus collect
i was then 12 and he
was 60
i was disappointed but
he did not mind
a debt is a debt and must
be paid
the years may have buried
him for good
but the memory of a debt
paid still lingers
the numbers are clear
as always
some words may have faded
but the feeling
sticks like a scar
in my face....
poem by Ric S. Bastasa
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We can pay our debt to the past by putting the future in debt to ourselves.
quote by John Buchan
Submitted by Lucian Velea
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America You Can Do It
America’s fund for freedom fighters goes deeper in dept
Another war against terror deeper in debt
If you just thought of yourselves
You would have trillions in the banks,
General McArthur’s ‘I shall return’
We all for this gave thanks,
America will return with the dept in the black
America you can do it to pay all your debt back.
You put man on the moon
Come on you can do it make it soon,
U S of A you are made up from every nation on earth,
Most of who chose to live there
........................................ ..... for freedoms worth.
poem by Ken e Hall
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If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.
quote by Jeffrey Sachs
Submitted by Lucian Velea
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My Cancellation
I cancel my debt to the school of law,
This I do by making a promise to my grandpa:
Reside in jail and spend a war
For those who sin and win what you are.
This debt I can cancel resides in my head,
And I want my jail and number, the bed.
We see the problems of law, and we see them then,
Yet what life does this law bring when it is again.
poem by Naveed Akram
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When our most important issue is the debt that we're piling on our children and grandchildren, I think it's pretty helpful to have someone in the U.S. Senate who has actually managed billions of dollars and knows how to cut billions of dollars.
quote by Carly Fiorina
Submitted by Lucian Velea
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I think we are not serious about attacking the long-term debt problem, and that's one of the things that he's going to have to find a way to get on the agenda.
quote by Michael Bloomberg
Submitted by Lucian Velea
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Write Off The Debt
WRITE OFF THE DEBT (Chorus)
ME SAY WRITE OFF THE DEBT
ME SAY WRITE OFF THE DEBT
AND STOP THE THIRD WORLD A FRET
I SAY THE IMF PUT ON TOO MUCH INTEREST
CERTAIN MAN PON THE STREETS CAN'T EVEN BUY A LITTLE VEST
I SAID THE EAST AND THE WEST THEM JUST A BUILD UP DEM CHEST
CERTAIN MAN IN THE THIRD WORLD CAN'T EVEN DIGEST
song performed by by UB40 from Cover Up
Submitted by Lucian Velea
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Solving a problem created by debt... by creating more debt is a fool's errand.
quote by Olivier Sarkozy
Submitted by Lucian Velea
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A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money.
quote by G. Gordon Liddy
Submitted by Lucian Velea
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