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National Debt Tops $7 Trillion


lummox

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i saw some stat that the national debt of 7 trillion when spread out over all americans comes to over 20 grand each. damn. i could use money like that. i say lets bump that debt to 21 trillion and give each of us 40 grand and we will jumpstart the economy by buying stuff.

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what'll start trickling down? Turds?
no no no the trickle down effect is an ecinomic term started by regan. the idea was that if the rich people had money they would spend it would jump start the economy.
The term Trickle Down predated Reagan. It was first used during the Great Depression era, I believe. Then it was considered a positive thing. It was used pejoratively by Reagan detractors.
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Hmmm, I'm below average. My share of the national debt is only 12K.

 

What happens if the US defaults on its loans? Will the bond holders start repossing the country's assets? If so I got dibs on a fighter jet.

i want one of them ram v10 monster trucks from the forest service. and a smokey the bear hat to go with it.

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