That was the question raised by President Obama during an interview in China (one of our biggest creditors), as cartoonists seized the opportunity to comment on America's looming national debt. "It is important," said Mr.
Will a Delay on the Climate Treaty be Time Well-Spent?
Scott Bittle
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World leaders flatly admitted this weekend what everyone pretty much knew: there won't be a major deal on climate change at the big conference in Copenhagen next month. Instead, leaders will try to keep the process going, in hopes of coming up with a deal next year.
I broke the dollar amounts for China and Japan (just for the heck of it). They are China, it puts us in debt to the tune of $736 BILLION (and they hate us and send us poisonous/deadly products that we don't dare not buy and have them call in their loans) and to Japan $672 BILLION.
Another real time debt site (constantly updating and giving you how much your family owes):
Some interesting info on our current debt from Glenn Beck's book Common Sense:
"Our debt: $11,000,000,000,000 (that's $11 TRILLION).
Interest payment each MONTH is $26,000,000,000 ($26 Billion)
So over $300 Billion PER YEAR)
With ONE monthly interest payment of $26 Billion we could fully fund the ANNUAL BUDGETS for the
Center For Disease Control ($6.1 Billion)
Coast Guard ($8.7 Billion)
and the Department of Interior (11.1 Billion)
With the ANNUAL interest payment of $300 Billion we could FULLY FUND FOR A YEAR the Deparments of:
Commerce ($8.1 Billion)
Education ($68 Billion)
Homeland Security ($42.3 Billion)
Housing & Urban Development ($52.3 Billion)
Energy ($23.2 Billion), Justice ($25 Billion)
Labor ($49 Billion)
& in 2019 ANNUAL INTEREST PYMT $806 Billion --- This $806 Billion is MORE than it cost to fund for ALL OF LAST YEAR:
the entire Department of Debense ($583 Billion)
Veterans Affairs ($86.6 Billion)
Department of Transportation ($68.7 Billion) AND
The State Department ($18.9 Billion)"
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Chinese gov't, oil interests in the persian gulf, japan gov't , euro gov'ts and US private interests
Here is a great website that will also take you to some of the Federal government websites. This first one explains the types of debt and who owns it: http://useconomy.about.com/od/fiscalpolicy/p/US_Debt.htm
I broke the dollar amounts for China and Japan (just for the heck of it). They are China, it puts us in debt to the tune of $736 BILLION (and they hate us and send us poisonous/deadly products that we don't dare not buy and have them call in their loans) and to Japan $672 BILLION.
Another real time debt site (constantly updating and giving you how much your family owes):
http://useconomy.about.com/gi/dynamic/offsite.htm?zi=1/XJ&sdn=useconomy&...
Some interesting info on our current debt from Glenn Beck's book Common Sense:
"Our debt: $11,000,000,000,000 (that's $11 TRILLION).
Interest payment each MONTH is $26,000,000,000 ($26 Billion)
So over $300 Billion PER YEAR)
With ONE monthly interest payment of $26 Billion we could fully fund the ANNUAL BUDGETS for the
Center For Disease Control ($6.1 Billion)
Coast Guard ($8.7 Billion)
and the Department of Interior (11.1 Billion)
With the ANNUAL interest payment of $300 Billion we could FULLY FUND FOR A YEAR the Deparments of:
Commerce ($8.1 Billion)
Education ($68 Billion)
Homeland Security ($42.3 Billion)
Housing & Urban Development ($52.3 Billion)
Energy ($23.2 Billion), Justice ($25 Billion)
Labor ($49 Billion)
& in 2019 ANNUAL INTEREST PYMT $806 Billion --- This $806 Billion is MORE than it cost to fund for ALL OF LAST YEAR:
the entire Department of Debense ($583 Billion)
Veterans Affairs ($86.6 Billion)
Department of Transportation ($68.7 Billion) AND
The State Department ($18.9 Billion)"
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