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US Debt increased $438 billion first 6 monts of FY06.

Iriemon

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Total US Debt:

9/30/05: 7,932,709,661,723.50
3/31/06 8,371,156,293,376.33

http://www.publicdebt.treas.gov/opd/opdpenny.htm

A $438 billion increase in debt in just six months. At this rate, the debt increase will be $876 billion this fiscal year.

This is freaking out of control.
 
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anomaly

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Quite right. However, I think capitalism is probably on the decline in the advanced nations. So such developments are to be expected.

China and Japan are currently financing the US debt. And what when they stop? Inevitably, as the Chinese capitalist economy continues to develop, this will happen.

The age of social democracy is over. Now, it's either revolution or despair. I choose the former.
 

anomaly

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Well, anyway, just seeing how you guys are doing. Pretty well, as you're over 2,000 members, though with only 500 active.

Revleft has 7,000, but I don't know how many are active.

And to any socialists/anarchists/communists here, I don't know how you can bear it.

http://revleft.com
 

128shot

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Wow. Now I hear afrom the anti-socialists and the Capitalist. The 2 I loved for so long are finally back.


Fantasea where are you? ;)
 

tecoyah

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Look at the bright side....it's likely only going to get worse.

"When the administration submitted its original budget for the Iraq war, it didn't provide money for continuing the war this year or any other. We could end up spending up to $1 trillion in supplemental budgets for this war."


http://abcnews.go.com/International/story?id=1866779&page=1
 

Iriemon

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tecoyah said:
Look at the bright side....it's likely only going to get worse.

"When the administration submitted its original budget for the Iraq war, it didn't provide money for continuing the war this year or any other. We could end up spending up to $1 trillion in supplemental budgets for this war."


http://abcnews.go.com/International/story?id=1866779&page=1
With the conservatives in power determined to slash taxes even more, lead by pass the buck heros like "deficits don't matter" Cheney, no doubt you are correct.

We are failing our children and our future.
 

128shot

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Not me! all my assets are in Euros!
 

Simon W. Moon

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Toward the end of 2003 I moved my humble retirement savings into instruments that were valued in foreign currencies. I've had great returns on paper ever since. The actual value has been far outpaced by it's value in U$D do to the decline of the dollar.

When we get a conservative back in the White House I'll bring my money back to U$D valued instruments. Until then, I'll keep it where the value is more stable.
 
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