Maxing Out the National Debt Clock

Hi!

Great idea, but will this work over the long run?

DAlbert of AL @ Jul 13, 2009 13:15:52 PM

Good People?

Where are they? In today's society, the cool things are sex, quick money, glamous, power of violence, diminishing all the serious punishment for bad guys, who wants to be a good guy?

I remember in Regan's era, the capatism boomed to the fullest, rich people get richer, debts is not a problem, deregulation of most commercial ban, introducing of Hollywood style life style as reuglar, talking tough and acting muchle....

Isn't moral deteriating since then?

I think capitalism promote greed and socialism retrict people's freedom of doing bad but giving power to a few that strive to get on top (so we have to depend on their capabality or goodness to function in life). Indeed, there are two of the evils, which one works better, depends on the situation we are in.

As for virtues, who are defining them and practising them?

Churches? Schools? Congress? Courts? TV stations? Hollywood?

Prisident? Or general people? I need the answer.

HH

HH of MA @ Jun 26, 2009 14:17:50 PM

the real problem

The real problem here is not fiscal -- it's moral. Good people do not need tons of regulations designed to force them to do the right thing. Yes, i'm a capitalist but i know that theoretically either Capitalism or Socialism would work under one very important condition -- that all people perfect. The more we are self-centered, greedy, lacking care for others, and unconcerned about our neighbor, the more short-lived any economy will be; laws are powerless but to delay what only a spiritual and moral awakening can reverse.

I think that if we look at the moral state of our nation, we will find that the economic rot we see is only one indicator of our moral rot in all areas. It's seen in the pornography purveyed in the name of advertising, the glorification of thievery and murder in order to sell video games, the excusing of a President's perjury to cover up adultery, the abandonment of church dogma in order to retain membership, and the lust of clergyman who not only sell their own souls but destroy innocent children in the process. It's the same disease whether it's destroying GM or eating up our family structure. No government can bail out our hedonism or buy us self-control.

It is a story worth repeating: once when The Times asked several prominent authors to write essays on the subject "What's Wrong with the World?" they received the following reply:

Dear Sirs,

I am.

Sincerely yours,

G. K. Chesterton

Marty of NY @ Jun 22, 2009 17:25:05 PM

National Debt

Capitalism, Socialism, Communism....you end up with the same thing, politicians who are irresponsible when it comes to expenditures and citizens who demand to be taken care of, but resent paying for it. All the regulations in the world are not going to prevent the eventual collapse of economies and financial structures. It's just a repeat of the arms race. Regulations spur the development of plans and methods to avoid them. A deficit the size of the one that the U.S. is currently building will eventually destroy the value of the dollar and probably take down a good deal of other currencies with it. Be realistic. You cannot borrow your way out of debt.

Walt of WA @ Jun 17, 2009 16:58:26 PM

National Debt

I have been concerned about the national debt since 1976 when I learned at age 20 the debt was $60 billion. Now were at $1.7 trillion for 2010. Are we looking at total collapse of the dollar and hyper-inflation and then bankruptcy. A new government will appear and it will not be good. Please explain how we as a people can survive?

Ed of CT @ Jun 03, 2009 01:15:22 AM

Debt clock

Will,

You miss the point. The clock is privately owned by a person who wants everyone to see what is going on!!!

The government does not pay for or want anyone to see the clock!

Craig of OR @ May 31, 2009 14:35:51 PM

Truth In Economy

Seriously, folks!

The US learned long ago we would NEVER be able to move backward in our spending. Our economy, Capitalism, complete with crooks, greedy folk, and the rest of us living beyond our means should have been a red flag long ago. Do you honestly believe we can afford luxury for what little we contribute. We are either ripping off the rest of the world to live like we did, or worse, we are lying to ourselves and printing money that pays things. If we were to take a step back and get a grip on our reality, we would definitely see what we saw this year with the banks...because THAT issue IS reality.

Let the deficit grow and enjoy life and, last of all shhhhhhh-don't tell the rest of the world!

Tom Ellis of NC @ May 27, 2009 13:55:00 PM

WHAT!?

This is the most rediculose thing ive ever herd, the money they wana use to make that clock go to 16 digits should be going to paying are debt so it dosnt hit that! heres the current debt people... 11,200,000,000,000.. this is what there saying it could hit... 9,999,999,999,999,999, do you have 1/304,000,000% of that money cause thats the u.s population. are goverment has failed us royaly and its are time to make a change, start saving your money!!

Phil the informer of VA @ May 17, 2009 18:53:15 PM