What a difference 100 years makes...

What a difference 100 years makes...

This is a discussion on What a difference 100 years makes... within the Off Topic & Humor Discussion forums, part of the The Back Porch category; In 1900, the national debt per person was $16 In 1999, $20,800 Mar 2009, $36,131 In 1900, the average annual income was around $450, so ...

Page 1 of 2 12 LastLast
Results 1 to 15 of 25
  1. #1
    VIP Member Array Kerbouchard's Avatar
    Join Date
    Dec 2007
    Location
    Texas
    Posts
    2,894

    Thumbs down What a difference 100 years makes...

    In 1900, the national debt per person was $16
    In 1999, $20,800
    Mar 2009, $36,131

    In 1900, the average annual income was around $450, so each persons percentage of the national debt was around .035% of their annual income.

    In the 1990's, the average income had risen to 23,000, but national debt per person had reached 20,800, or 90% of their annual income.

    Anybody care to guess how many years each of us have to work for free to pay off our current debt?
    Last edited by Kerbouchard; March 22nd, 2009 at 09:00 PM.
    There are two sides to every issue: one side is right and the other is wrong, but the middle is always evil.

    http://miscmusings.townhall.com/

    Who is John Galt?


  2. #2
    Senior Member Array thebigdl86's Avatar
    Join Date
    Mar 2009
    Location
    OK
    Posts
    662
    I try to stay out of debt as much as possible. No credit cards and such here. Aside from my car note i am debt free!
    "Anyone worth shooting, is probably worth shooting several times."

  3. #3
    VIP Member Array Kerbouchard's Avatar
    Join Date
    Dec 2007
    Location
    Texas
    Posts
    2,894
    Quote Originally Posted by thebigdl86 View Post
    I try to stay out of debt as much as possible. No credit cards and such here. Aside from my car note i am debt free!
    I'm not talking about personal debt...I was referring to the debt that the government has graciously borrowed based upon your future production.
    There are two sides to every issue: one side is right and the other is wrong, but the middle is always evil.

    http://miscmusings.townhall.com/

    Who is John Galt?

  4. #4
    VIP Member Array rottkeeper's Avatar
    Join Date
    Jul 2008
    Location
    Upstate New York
    Posts
    3,194
    We will never live long enough too see it payed off.
    For as the lightning comes from the east and flashes to the west, so also will the coming of the son of man be. Mathew 24:27

    NRA Member

  5. #5
    VIP Member Array Kerbouchard's Avatar
    Join Date
    Dec 2007
    Location
    Texas
    Posts
    2,894
    Quote Originally Posted by rottkeeper View Post
    We will never live long enough too see it payed off.
    Heck, we'll never live to see the day when it stops going up, much less see it going down.
    There are two sides to every issue: one side is right and the other is wrong, but the middle is always evil.

    http://miscmusings.townhall.com/

    Who is John Galt?

  6. #6
    Senior Member Array thebigdl86's Avatar
    Join Date
    Mar 2009
    Location
    OK
    Posts
    662
    What do you mean? Taxes?
    "Anyone worth shooting, is probably worth shooting several times."

  7. #7
    Moderator
    Array Rock and Glock's Avatar
    Join Date
    Nov 2005
    Location
    Colorado at 14,650'
    Posts
    12,541
    Heck, a Hundred years ago - No Income Tax in USA! Woo Hooo!

  8. #8
    VIP Member Array Kerbouchard's Avatar
    Join Date
    Dec 2007
    Location
    Texas
    Posts
    2,894
    Quote Originally Posted by thebigdl86 View Post
    What do you mean? Taxes?
    No. It is every person who is alive in America's share of the national debt...i.e. national dept per capita.

    In effect, it is the amount of money per person the federal government is leveraging against every person in America's future productivity.
    There are two sides to every issue: one side is right and the other is wrong, but the middle is always evil.

    http://miscmusings.townhall.com/

    Who is John Galt?

  9. #9
    VIP Member Array paramedic70002's Avatar
    Join Date
    Jun 2006
    Location
    Franklin, VA
    Posts
    5,135
    Can the USA go bankrupt and then we can call a 'do over'?
    "Each worker carried his sword strapped to his side." Nehemiah 4:18

    Guns Save Lives. Paramedics Save Lives. But...
    Paramedics With Guns Scare People!

  10. #10
    Member Array GizmoHD's Avatar
    Join Date
    Feb 2009
    Location
    Lexington, SC
    Posts
    78
    Quote Originally Posted by paramedic70002 View Post
    Can the USA go bankrupt and then we can call a 'do over'?
    Isnt that what we did in 1776? when we were being taxed to death?
    "Deeds Not Words" - Motto of the USS Gettysburg
    NRA Life Member
    http://www.alioofficium.com/ (Personal Responsibility)

  11. #11
    Member Array OMEGA2669's Avatar
    Join Date
    Mar 2009
    Location
    Lakewood, Colorado
    Posts
    262
    Well I hate to say it but when Clinton was running things there was a guesstimated national surplus by 2015. But things change I guess. I'm all for paying less taxs. But looking at it in a way that is best for our country, it would probably be best to get out of debt. Can't get out of debt when we lower the national income and increase spending. I mean... who decided it was a good idea to "stimulate" the economy with money that doesn't exist. It's all going to come back and rape us in the bum. If the United States were any of us it would have been foreclosed on long ago and the banks would own the country.
    AT3 (O-Level) United States Navy - NRA Life Member
    "Molan labe! Just try... I'll show you the strength of my conviction... and I'll sleep well that night..."

  12. #12
    Distinguished Member Array P7fanatic's Avatar
    Join Date
    Jun 2007
    Location
    Texan in NWFlorida
    Posts
    1,588

    Cool

    Quote Originally Posted by Kerbouchard View Post

    Anybody care to guess how many years each of us have to work for free to pay off our current debt?
    I'd say a never because this administration has only just begun. He'll double it in less than four years(probably two).
    A lot of people complained of Bush's spending and the facism of his administration. ha-ha.
    They haven't seen nothing yet, on either count.




    "The price of freedom is eternal vigilance." -Thomas Jefferson

    "Liberalism is a Mental Disorder." -Michael Savage

    GOOD Gun Control is being able to hit your target! -Myself

  13. #13
    VIP Member Array Kerbouchard's Avatar
    Join Date
    Dec 2007
    Location
    Texas
    Posts
    2,894
    I don't want to get into Obama bashing, or administration bashing, or anything like that.

    It's just amazing that not much more than a 100 years ago, our country still operated on the premise, if we can't afford it, we won't do it. It hasn't been that way for a while now.

    I hate to say I agree with Omega...If I ran my household the way we run our government, I would be under investigation for tax fraud, my home would have been reposessed, but I would still have the fanciest smart phone out there and a ride with rims that cost more than the car.
    There are two sides to every issue: one side is right and the other is wrong, but the middle is always evil.

    http://miscmusings.townhall.com/

    Who is John Galt?

  14. #14
    VIP Member Array edr9x23super's Avatar
    Join Date
    Jun 2006
    Location
    Texas
    Posts
    2,108
    Ok, lets get this straight;

    THERE WAS NEVER ANY NATIONAL SURPLUS DURING THE CLINTON YEARS!

    In fact, since LBJ started his "great society" nonsense, we have been running in the red. What has given the illusion of a surplus is all of the voodoo accounting practices employed by our government to try and show something positive.

    Ever wonder why all those firms like Enron went under? because all of their phony accounting practices caught up with them. Think about it: just 2 years ago, there was absolutely nothing worng with Fannie & Freddie. Now?

    The same fate awaits us as well, the government is just trying to stave off the dogs right now, hoping the economy will turn around and they can go back to their ways of robbing peter to pay paul. I had my brother, our family math whiz, figure out how long it would take us at our current debt level to pay off all of the debt that has been foisted on us; this is what he came up with:

    IF we cut off all defense spending and did away with our military it would still take us almost 200 years to pay it all off.

    IF we cut off all social programs like medicare/medicaid & social security obligations it would take 194 years to pay it off.

    IF we cut off both it would take 105 years to pay it off...........

    So, sports fans, it ain't gonna happen anytyime soon.
    "Guard with jealous attention the public liberty. Suspect everyone who approaches that jewel. Unfortunately, nothing will preserve it but downright force. Whenever you give up that force, you are inevitably ruined". - Patrick Henry

  15. #15
    VIP Member Array rodc13's Avatar
    Join Date
    Jun 2006
    Location
    San Antonio, Texas
    Posts
    2,753
    Quote Originally Posted by OMEGA2669 View Post
    If the United States were any of us it would have been foreclosed on long ago and the banks would own the country.
    Yes, and then the bankrupt banks would own the bankrupt country. Thanks, dubya.
    Cheers,
    Rod
    "We're paratroopers. We're supposed to be surrounded!" Dick Winters

Page 1 of 2 12 LastLast

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
  •  

Similar Threads

  1. What a difference training makes
    By keroseneburner in forum Concealed Carry Issues & Discussions
    Replies: 1
    Last Post: August 13th, 2010, 07:29 PM
  2. Kimber Pro Raptor II - holster makes a difference
    By txgolfer45 in forum Defensive Carry Guns
    Replies: 1
    Last Post: August 9th, 2009, 08:58 PM
  3. What a difference a brain makes
    By Army22rpr in forum The Second Amendment & Gun Legislation Discussion
    Replies: 11
    Last Post: September 15th, 2008, 02:30 AM
  4. What a difference a belt makes
    By ExactlyMyPoint in forum Defensive Carry Holsters & Carry Options
    Replies: 10
    Last Post: February 11th, 2008, 10:03 PM
  5. Wow what a difference a sturdy belt makes.
    By Gamisou in forum Related Gear & Equipment
    Replies: 22
    Last Post: January 3rd, 2008, 04:28 PM

Search tags for this page

15 things different in new york today than what it was100 years ago

Click on a term to search for related topics.

» Log in

User Name:

Password:

Not a member yet?
Register Now!

» DefensiveCarry Sponsors