Among all the Stories Circulating Here and Elsewhere

[stepnw1f]

I am suprised, the issue of the US borrowing cash from foreign countries, to keep our gov going, has not been mentioned more. This issue is huge!!!!!

The GOP has bankrupted us. How in the World can these nutcases be considered "Conservative". You know what's worse than a "Big Gov"? Corporations controlling your gov, is worse.

[Fridays Child]

1. Shine a light on it and let's get it to the Greatest page.

Do you have any article links? If you do, use them to start a new thread, with "U.S. borrowing foreign cash," or words to that effect, in the title. I'll kick it and recommend it for the Greatest page, if you do.

Now is the time to strike. Freepturds and other repukes are none too happy with the Bushistas, regarding wiretapping and the ports issue, so the iron is definitely hot.

[stepnw1f]

2. I'll Have to Do This After Work (nt)

[Fridays Child]

3. Okay.

I'll watch for it. If you don't see me on the thread you start about it, PM me.

[johnaries]

4. here's some

http://democraticwhip.house.gov/docuploads/budget05_tanner.pdf

http://mwhodges.home.att.net/debt.htm

http://www.bloomberg.com/apps/news?pid=10000103&sid=aQQZOxhDWxUg&refer=us

Increasingly Dependant

Foreigners bought $18.3 billion more Treasuries than they sold in December, down from a record $54.5 billion in November. The amount of Treasuries held outside the U.S. was little changed at $2.18 trillion, 52 percent of the securities outstanding.

The Treasury is increasingly reliant on foreign investors. As recently as four years ago, non-U.S. investors held less than 35 percent of the Treasury market.

The White House estimated on Feb. 6 that the budget deficit for the fiscal year that ends Sept. 30 will widen to a record $423 billion from last year's $319 billion as spending for prescription drugs and rebuilding after last year's hurricanes climbs.

http://www.epinet.org/content.cfm/Issuebrief203

(2004)Debt and the dollar
The United States damages future living standards
by borrowing itself into a deceptively deep hole...

• With no improvement in the current account deficit, the external debt of the United States will rise from 24% of total U.S. gross domestic product (GDP) at the end of 2003 to 64% by 2014.

• The cost of servicing just the additional debt incurred from 2004 to 2014 will rise to 1.7% of GDP by 2014, the equivalent of $250 billion in 2004 dollars.

[stepnw1f]

5. Awesome... Thank You!

I just around to this thread.

[stepnw1f]

6. U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 21 Feb 2006 at 02:44:10 AM GMT is:



The estimated population of the United States is 298,581,260
so each citizen's share of this debt is $27,630.12.

The National Debt has continued to increase an average of
$2.21 billion per day since September 30, 2005!
Concerned?

http://www.brillig.com/debt_clock/

[stepnw1f]

7. U.S. moves to miss hitting debt ceiling

By Robert Schroeder, MarketWatch
Last Update: 11:24 AM ET Feb 16, 2006


WASHINGTON (MarketWatch) -- The U.S. Treasury acted Thursday to avoid hitting the national debt limit and said it's "imperative" Congress raise the debt ceiling by the middle of March.

Treasury is suspending reinvestment in the so-called "G-Fund," an investment vehicle for a federal employees' retirement system. The action will free up $65.266 billion, a Treasury spokeswoman said.

"Without this action we would reach the debt limit today," spokeswoman Brookly McLaughlin said Thursday.

Congress and the Bush administration have been negotiating an increase in the current $8.18 trillion debt limit. On Wednesday Treasury said it would suspend sales of state and local government non-marketable securities.

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B29B8475F%2DEABA%2D4E5C%2DAE8B%2D69EE4C007B07%7D&siteid=google">http://www.marketwatch.com