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Suddenly Your Debt Doesn't Seem So Bad (4 pics)

  • Category: Pics  |
  • 7 Jul, 2014  |
  • Views: 7458  |
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If you think your level of debt is really bad, this will put things into perspective for you.

1 Suddenly Your Debt Doesn't Seem So Bad (4 pics)


2 Suddenly Your Debt Doesn't Seem So Bad (4 pics)


3 Suddenly Your Debt Doesn't Seem So Bad (4 pics)


4 Suddenly Your Debt Doesn't Seem So Bad (4 pics)


Do you like it?



№1 Author: Jimmy Johnson (7 Jul 2014 03:35) Total user comments: 5518


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US debt is over $205 trillion which includes internal long term debt such as social security and 401K payouts (economicpolicyjournal.com).

The $17.6 trillion figure is what the US government owes to foreign countries now.
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№2 Author: styopa (7 Jul 2014 07:00) Total user comments: 916


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Yeah but that $205 trillion number is a "future promise to ourselves" like promising to pay yourself $200 next week - it doesn't really count (and if it did, it would need to be offset against the potential EARNINGS over that time as well)...
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№3 Author: saint357 (7 Jul 2014 13:46) Total user comments: 2366


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funny how we're so in debt yet hand out so much :15:
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№4 Author: Jimmy Johnson (7 Jul 2014 19:37) Total user comments: 5518


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styopa - That's not actually how it works.

The idea was to take the money you worked for that was docked off salaries as "taxes" to accrue interest in stocks, bonds, gold, mutual funds, etc.

You realize the population of retirees that will be seeking benefits they paid for in the next 10 years or so, as baby boomers will be eligible for such. The money supposedly set aside to accrue interest is gone. The only option is to print more money which creates hyperinflation.

What is Zimbabwe doing with their useless $100 trillion bank notes? People use it for wallpaper.
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№5 Author: Shay (7 Jul 2014 19:38) Total user comments: 1248


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^^ to a lot of countries who lay the hate.
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№6 Author: Louie (8 Jul 2014 22:33) Total user comments: 8189


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ok
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