Anonymous A started this discussion 15 years ago#9,822
The whole world is waiting for August 2 when the United States could default on its spending obligations if the compromise between Congress and Obama wouldn't happen. Let's see how large the US national debt actually is, using the well-known $100 bill.
Anonymous A (OP) replied with this 15 years ago, 24 seconds later, 3 minutes after the original post[^][v]#175,384
And here are 114.5 trillion dollars. This is US unfunded liabilities. The 114.5 Trillion dollar super-skyscraper is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions.
Foxygen !FXYGNx1XR. joined in and replied with this 15 years ago, 19 minutes later, 22 minutes after the original post[^][v]#175,400
@previous (A)
We should make a building entirely out of money like that.
hamfist !!snnYcROO9 joined in and replied with this 15 years ago, 2 minutes later, 24 minutes after the original post[^][v]#175,402
why dont we just change the value of money duh
congress are dumbasses
protip !!pMmAiEwOm joined in and replied with this 15 years ago, 37 minutes later, 1 hour after the original post[^][v]#175,435
Anonymous K replied with this 15 years ago, 16 minutes later, 6 hours after the original post[^][v]#175,800
(Citing a deleted or non-existent reply.) > The 114.5 Trillion dollar super-skyscraper is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions.
From an accounting perspective, it's not debt yet, but from an economic perspective it's our real debt, unless we make some serious changes. Like cut the government's lucrative pension program that allows some people to retire with a pension at age 38.
Anonymous F replied with this 15 years ago, 1 hour later, 8 hours after the original post[^][v]#175,983
@previous (K)
Long-term debt is still a debt you have to list on your balance sheet that at least needs non-liquid assets (or better) to balance against.
Anonymous K replied with this 15 years ago, 12 hours later, 20 hours after the original post[^][v]#176,476
(Citing a deleted or non-existent reply.)
Well it hasn't been spent yet, hasn't been borrowed yet, and by most definitions of "budget", no, they have not properly budgeted for it.
bobby2sox !!ztPBX/o0I joined in and replied with this 15 years ago, 1 hour later, 22 hours after the original post[^][v]#176,529
Pssst Wanna loan?
Anonymous N joined in and replied with this 15 years ago, 5 hours later, 1 day after the original post[^][v]#176,943
@175,384 (A)
Waiting for the pile o' money pic with the sun and a Borg cube hanging around in the picture as references to scale.