Interesting...."US Debt visualized"

Interesting...."US Debt visualized"

This is a discussion on Interesting...."US Debt visualized" within the Off Topic & Humor Discussion forums, part of the The Back Porch category; US debt problem visualized: Debt stacked in 100 dollar bills Interesting.......

Results 1 to 13 of 13
Like Tree4Likes
  • 1 Post By QKShooter
  • 1 Post By ArkhmAsylm
  • 2 Post By walleye

Thread: Interesting...."US Debt visualized"

  1. #1
    Member Array Ianator's Avatar
    Join Date
    Jul 2010
    Location
    Texas
    Posts
    304

    Interesting...."US Debt visualized"



  2. #2
    VIP Member Array Eagleks's Avatar
    Join Date
    May 2008
    Location
    Kansas
    Posts
    7,874
    Sure puts it in perspective in a hurry, doesn't it. Seems insurmountable, doesn't it.
    I don't make jokes. I just watch the government and report the facts. --- Will Rogers ---
    Chief Justice John Roberts : "I don't see how you can read Heller and not take away from it the notion that the Second Amendment...was extremely important to the framers in their view of what liberty meant."

  3. #3
    Senior Member Array sigs's Avatar
    Join Date
    May 2009
    Location
    Florida
    Posts
    549
    The comparison that gets it for me is the fact that Apple Computers has more cash than the US government.

  4. #4
    VIP Member
    Array Hopyard's Avatar
    Join Date
    Jun 2006
    Location
    Disappeared
    Posts
    12,092
    It seems like an enormous debt, and it is enormous, but not when compared to the size of our economy, and NOT when one considers that there is effectively an infinite life-time on which to amortize it.

    Most folks with conventional mortgages start out with a debt that is 2 to 2.5 times their annual income; they have additional debt burdens for cars, and additional monthly expenses for utilities, taxes and insurance. In any given month only a small portion of their income goes to paying down the mortgage; but it gets paid over time.

    Our present debt is huge, but there is an infinite time period on which to pay it back.

    Those who think we should or can run a nation as a household are, besides using meaningless slogans, not even considering that in a certain sense, that is precisely how we handle our long term debt. The only difference is we can pay it off over eternity, a household gets 30 years.
    If the Union is once severed, the line of separation will grow wider and wider, and the controversies which are now debated and settled in the halls of legislation will then be tried in fields of battle and determined by the sword.
    Andrew Jackson

  5. #5
    Administrator
    Array QKShooter's Avatar
    Join Date
    Dec 2004
    Location
    Off Of The X
    Posts
    35,910
    I think that we'll probably get our national debt crisis solved long before Hopyard ever actually agrees with a DC forum thread topic.
    ErnieNWillis likes this.

  6. #6
    Member Array exdee40's Avatar
    Join Date
    Feb 2010
    Location
    Kentucky
    Posts
    20
    Quote Originally Posted by Hopyard View Post
    It seems like an enormous debt, and it is enormous, but not when compared to the size of our economy, and NOT when one considers that there is effectively an infinite life-time on which to amortize it.

    Most folks with conventional mortgages start out with a debt that is 2 to 2.5 times their annual income; they have additional debt burdens for cars, and additional monthly expenses for utilities, taxes and insurance. In any given month only a small portion of their income goes to paying down the mortgage; but it gets paid over time.

    Our present debt is huge, but there is an infinite time period on which to pay it back.

    Those who think we should or can run a nation as a household are, besides using meaningless slogans, not even considering that in a certain sense, that is precisely how we handle our long term debt. The only difference is we can pay it off over eternity, a household gets 30 years.
    Actually, that is not the only difference. Does your mortgage significantly increase every day? Does it triple in 3 years? This would only be logical reasoning if in fact our deficit stayed the same or only slightly increased.

  7. #7
    Senior Member Array Cold Shot's Avatar
    Join Date
    Apr 2011
    Location
    Texas
    Posts
    932
    eternity? really?

  8. #8
    Senior Member Array Tzadik's Avatar
    Join Date
    Jun 2011
    Location
    Suffolk, Virginia
    Posts
    607
    When the interest payments encroach on your ability to fund your purpose for existing it becomes a huge problem.

    Things need to be fixed. That doesn't mean we need to extend our credit limit, it means fixing the spending problem.

    We are not addressing the cause of our debt and until we do, our ability to borrow when it becomes necessary becomes more costly and difficult.

    This thread can easily get out of hand quick. I reccomend a mod interject before I really start to rant

  9. #9
    VIP Member
    Array Hopyard's Avatar
    Join Date
    Jun 2006
    Location
    Disappeared
    Posts
    12,092
    Quote Originally Posted by exdee40 View Post
    Actually, that is not the only difference. Does your mortgage significantly increase every day? Does it triple in 3 years? This would only be logical reasoning if in fact our deficit stayed the same or only slightly increased.
    Ah, but our country grows in size and GDP increases even during a recession. Therefore debt can be added.

    And, a nation isn't a household, so that household model so many are fond of is a simplistic analogy that doesn't really hold up to scrutiny. The same for all those out there who proclaim they would run government like a business.

    A business doesn't have a lot of control over what its customers decide to do. If they decide to go elsewhere, or nowhere, a business has no options. A government has a variety of options to raise revenue.
    Ours only chooses not to do so.

    There is also the matter of owned assets or net worth v the amount of debt. Uncle owns huge amounts of assets and has a huge net worth. So it isn't just a matter of income (gdp) to debt ratios. In the business world your brand name and reputations are assets. Uncle has a brand name and a reputation as well.

    We need to be very careful about further eroding the brand name and reputation with foolish moves.
    If the Union is once severed, the line of separation will grow wider and wider, and the controversies which are now debated and settled in the halls of legislation will then be tried in fields of battle and determined by the sword.
    Andrew Jackson

  10. #10
    VIP Member Array 357and40's Avatar
    Join Date
    Jun 2011
    Location
    St. Charles, Missouri
    Posts
    2,479
    I think the last guy that managed our budget like the current administration was Hoover... This time it will not be Hoovervilles, it will be Bama-towns...
    "I've seen things you people wouldn't believe. Attack ships on fire off the shoulder of Orion. I watched c-beams glitter in the dark near the Tannhäuser Gate. All those moments will be lost in time, like tears in rain."
    - Roy Batty

  11. #11
    Senior Member Array Tzadik's Avatar
    Join Date
    Jun 2011
    Location
    Suffolk, Virginia
    Posts
    607
    Quote Originally Posted by Hopyard View Post
    Ah, but our country grows in size and GDP increases even during a recession.
    But our deficit grows exponentially compared to actual GDP Growth. Our interest payments are a huge percentage of
    our actual spending. They are quickly reaching being unsustainable.

    Quote Originally Posted by Hopyard View Post
    A business doesn't have a lot of control over what its customers decide to do. If they decide to go elsewhere,
    or nowhere, a business has no options. A government has a variety of options to raise revenue.
    A buisness responds to the desires of it customers in order to generate more business. They don't want nor need "control" over their customers.
    If the buisnesses of the USA decide to go elsewhere, the Government has no options. They can no longer take revenue from the businesses nor their customers.

  12. #12
    Distinguished Member Array ArkhmAsylm's Avatar
    Join Date
    Mar 2011
    Location
    St. Paul, Minnesota
    Posts
    1,411
    -
    Nice visualization. Though I noticed this in part of the narrative:

    Note: On the above 114.5T image the size of the base of the money pile is half a trillion, not 1T as on 15T image.
    The height is double. This was done to reflect the base of Empire State and WTC more closely.


    Nothing like obscuring facts with a little false reasoning for doing so...
    Ianator likes this.
    "Historical examination of the right to bear arms, from English antecedents to the drafting of the Second Amendment, bears proof that the right to bear arms has consistently been, and should still be, construed as an individual right." -- U.S. District Judge Sam Cummings, Re: U.S. vs Emerson (1999)

  13. #13
    Ex Member Array walleye's Avatar
    Join Date
    Jul 2011
    Location
    erie PA
    Posts
    677
    Quote Originally Posted by Hopyard View Post
    It seems like an enormous debt, and it is enormous, but not when compared to the size of our economy, and NOT when one considers that there is effectively an infinite life-time on which to amortize it.

    Most folks with conventional mortgages start out with a debt that is 2 to 2.5 times their annual income; they have additional debt burdens for cars, and additional monthly expenses for utilities, taxes and insurance. In any given month only a small portion of their income goes to paying down the mortgage; but it gets paid over time.

    Our present debt is huge, but there is an infinite time period on which to pay it back.

    Those who think we should or can run a nation as a household are, besides using meaningless slogans, not even considering that in a certain sense, that is precisely how we handle our long term debt. The only difference is we can pay it off over eternity, a household gets 30 years.
    As a percent of the Gross Domestic Product needed for payment on the debt - it's not really out of line with past periods of debt - which doesn't mean it's good - but it means some of the hysteria is over the pure dollar amount, but that means nothing unless the dollar amount is related to the percentage of the yearly out-put of the country tied up in servicing that debt.

    Figure it this way. if I'm $500,000 in debt and last year it was only $300,000, a big debt already sounds like it's getting catastrophic. But if I made $30,000,000 during the year I owed $300,000 that doesn't seem so bad - especially since you're talking interest payments, not the debt itself. If this year I'm $500,000 in debt I make $50,000,000 - well it's better.

    The struggle and crazy delay in Washington is political and not economic. Which is too bad. Months have been wasted that could have been spent addressing built-in economic problems - and they sit as the never ending bad economy grows worse.

    A good President would have stopped this nutsiness months ago - called a spade a spade - and gotten on with the real work of the government.
    Hopyard and Ianator like this.

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Search tags for this page

humor jokes deficit debt
,
interesting u.s. debt
,
obama
,
our national debt visualized
,
powered by mybb humor jokes
,
powered by mybb option arm mortgages
,
powered by mybb to bear arms
,
us debt humor
,

us debt visualized

,
us debt visualized household debt
,
us debt visualized! years!
,
us dept visualized
,
usa debt visualized
,
usdebtvisualized.com
,
www.usdebtvisualized.com
Click on a term to search for related topics.