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(NYPost)   Debt per household reaches $1 million. Where's your stimulus now?   (nypost.com) divider line 168
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2700 clicks; posted to Politics » on 14 Jun 2009 at 8:35 PM (5 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2009-06-14 06:47:27 PM
It's up scaremitter's ass.
 
2009-06-14 06:57:08 PM
You know what they say about owing large amounts of money -- it's the bank that has the problem, not you.
 
2009-06-14 07:30:48 PM
Sorry, I didn't ask Bush to run the debt up in my name.
 
2009-06-14 07:33:13 PM
I didn't sign anything, so ... prove it ;)
 
2009-06-14 07:42:15 PM
It's in my bottom nightstand drawer with the batteries removed.

/were we talking about something else?
 
2009-06-14 07:53:45 PM
As long as we're doing irrelevant statistics, thanks to Wolfram Alpha I know there would be 3.12 x 1015 metric tons of vitamin c in a carrot the size of the moon.
 
2009-06-14 08:14:43 PM
My total debt is a $20,000 car loan and $10,000 in student loans.

Since the median income in the US is ~$50,000, does that mean I owe 3/5 of an American's salary? If so, can I just get one person a job and call myself even?

Numbers + Meaningless Correlation = Meaningless Numbers
 
2009-06-14 08:30:39 PM

News Corp, the same people that own those the wack jobs at Fox news presents:

FOX NEWS

img0.fark.net
PRINT EDITION
 
2009-06-14 08:38:55 PM
So... lemme get this straight. 11 trillion/300 million=36666 (we actually have 320 million or so, I just rounded to make it easier).

So... it is 1 million per household if you have 30 people in your house :)
 
2009-06-14 08:40:52 PM
7of7: As long as we're doing irrelevant statistics, thanks to Wolfram Alpha I know there would be 3.12 x 1015 metric tons of vitamin c in a carrot the size of the moon.

I also learned while looking up info on the ext4 fs that:

if each byte of data were represented by one molecule of water, 1018 water molecules would weigh just under 3 hundredths of a milligram (0.0299 mg) and the spherical droplet of this amount of water would have a diameter of only 0.385 millimeters.
 
2009-06-14 08:40:52 PM
Hey I can make up numbers too!

Estimated federal budget for the next 3,500 years:
3 trillion/year

total taxpayer debt:
10.5 quadrillion dollars

debt per household:
$105 MILLION!WARGARBL!!11
 
2009-06-14 08:42:31 PM
Anyone have change for this Billion dollar bill? I don't have anything smaller
 
2009-06-14 08:44:39 PM
holiday_inn_in_cambodia: Estimated federal budget for the next 3,500 years:
3 trillion/year

total taxpayer debt:
10.5 quadrillion dollars

debt per household:
$105 MILLION!WARGARBL!!11


Wow! We're really gonna need to start cutting taxes. Something about a bigger pie or something. All I know is our debt will get paid off faster if the Gov't has no incoming cash.
 
2009-06-14 08:45:01 PM
NYPOST is garbage.
 
2009-06-14 08:45:10 PM
Hyperinflation is gonna suck.
 
2009-06-14 08:47:23 PM
Cubansaltyballs: holiday_inn_in_cambodia: Estimated federal budget for the next 3,500 years:
3 trillion/year

total taxpayer debt:
10.5 quadrillion dollars

debt per household:
$105 MILLION!WARGARBL!!11

Wow! We're really gonna need to start cutting taxes. Something about a bigger pie or something. All I know is our debt will get paid off faster if the Gov't has no incoming cash.


You dare question the wisdom of St. Reagan? Heretic.
 
2009-06-14 08:47:49 PM
godofusa.com: Hyperinflation is gonna suck.

I'm going to miss your dumb trolling ass when society collapses because we have no oil and haven't properly invested in clean energy
 
2009-06-14 08:48:28 PM
I haven't run up any debts.

I probably have a couple hundred on my cards right now, but I pay those at the beginning of each month.

So I think Uncle Sam can go bum off of someone who gives a shiat about his addictions to "Wars on X" and 650 dollar toilet seats. Stop thinking because YOU spend it, Sam, that I should pay it.

If I had a say in where my money was going, I would not be so unamused.
 
2009-06-14 08:49:06 PM
Because when I want to know something about the economy, I only trust former Bush administration officials.
 
2009-06-14 08:49:11 PM
holiday_inn_in_cambodia: godofusa.com: Hyperinflation is gonna suck.

I'm going to miss your dumb trolling ass when society collapses because we have no oil and haven't properly invested in clean energy


Ah yes. We will power our homes with wind and the sun, while the rest of the world goes nuclear. Let's destroy our currency with unsustainable borrowing and spending. I'm invested abroad anyway.
 
2009-06-14 08:49:17 PM
img41.imageshack.us
 
2009-06-14 08:52:24 PM
Be patriotic, but short the dollar.
 
2009-06-14 08:53:06 PM
It's beginning to dawn on me that some of you people really are genuine simpletons. That's is probably a good thing, since it will allow us reality-facers to divert more of the upcoming shiatstorm to you.
 
2009-06-14 08:53:56 PM
My total debt's about to go up to 200K. Buying a house.
 
2009-06-14 08:54:26 PM
Terrified Asexual Forcemeat: You know what they say about owing large amounts of money -- it's the bank that has the problem, not you.

What if the bank is China, and they stop taking my IOUs?
 
2009-06-14 08:54:32 PM
Hau Ruck: You dare question the wisdom of St. Reagan? Heretic.

I'm sorry. I was actually trying to blaspheme but I never finished my degree at the Blasphemite Institute.
 
2009-06-14 08:54:54 PM
Get in line. Nevermind, Uncle Sam forces himself to the front of the line.

When you include compounding interest, this does not paint a pretty picture. It will just keep snowballing.
 
2009-06-14 08:56:21 PM
holiday_inn_in_cambodia: Hey I can make up numbers too!

Estimated federal budget for the next 3,500 years:
3 trillion/year

total taxpayer debt:
10.5 quadrillion dollars

debt per household:
$105 MILLION!WARGARBL!!11


Motherfarking number crunchers and their motherfarking numbers. Time for a Red Bull.
 
2009-06-14 08:58:05 PM
12349876: Because when I want to know something about the economy, I only trust former Bush administration officials.

As you should. Because the current administration is only playing a shell game with the numbers and isn't actively trying to fix anything. You know, because both parties are one and the same and all of that. Besides, Obama has already failed, it's been almost 6 months since he took office. [1]

[1] Citation given to our Fark Independents TM so as to avoid copyright infringement for my paraphrasing.
 
2009-06-14 08:58:36 PM
Erebus1954: Be patriotic, but short the dollar.

um
you must be a republican
cause shorting the dollar is not patriotic
it is voting AGAINST the US .....
 
2009-06-14 08:59:20 PM
Hah, jokes on you. Right before he said he didn't want to run my household, Obama fired me. I'm no longer responsible, but I understand he's appointed an eighth grader to over see the operations. I happily refer all questions regarding my stimulus to them.
 
2009-06-14 08:59:58 PM
godofusa.com: . I'm invested abroad anyway.

If we go down, we're taking the rest of the world with us.
 
2009-06-14 09:02:55 PM
To be fair, I doubt I've applied for $1 million in credit just yet. Let me get my PHd and get back to you.
 
2009-06-14 09:05:01 PM
namatad: Erebus1954: Be patriotic, but short the dollar.

um
you must be a republican
cause shorting the dollar is not patriotic
it is voting AGAINST the US .....


You got me there, I'm betting against the US treasury by shorting the US dollar.

But I'm still patriotically hoping the US gets its act together. Until it does, I see no reason to suffer the financial fallout personally.

This is a non partisan thing though. Money doesn't care about parties. The markets don't care.
 
2009-06-14 09:07:22 PM
godofusa.com: holiday_inn_in_cambodia: godofusa.com: Hyperinflation is gonna suck.

I'm going to miss your dumb trolling ass when society collapses because we have no oil and haven't properly invested in clean energy

Ah yes. We will power our homes with wind and the sun, while the rest of the world goes nuclear. Let's destroy our currency with unsustainable borrowing and spending. I'm invested abroad anyway.


Have you been saving your allowance and putting it into baseball cards?
 
2009-06-14 09:07:48 PM
Erebus1954: You got me there, I'm betting against the US treasury by shorting the US dollar.

Is that you Soros?
 
2009-06-14 09:10:28 PM
Well as soon as banks start loaning again this crisis will be solved!
 
2009-06-14 09:12:06 PM
12349876: godofusa.com: . I'm invested abroad anyway.

If we go down, we're taking the rest of the world with us.


Not really. China is trying to find a way to abandon the dollar. They don't want to be on the hook for our debt any more. Hell, they even laughed right in tax cheat Geitner's face.

Schiff's YT Channel (new window)

Peter predicted this entire mess and he's going to be right about the dollar.
 
2009-06-14 09:12:30 PM
jake3988: So... lemme get this straight. 11 trillion/300 million=36666 (we actually have 320 million or so, I just rounded to make it easier).

So... it is 1 million per household if you have 30 people in your house :)


11 trillion is only our government's foreign debt, iirc. This is talking about combined public and private debt, which is about 75 trillion $. At a population of 350 million or so that's about 200k$/person, or a million per household of 5.

Their calculated value is a million per household of 4, so they're probably discounting part of the population for some reason. Possibly not counting people under 18 who can't own debt? That would make the 'family of 4' kind of nonsensical as most such families have only two debt-holders, but meh.

Their analytical ability is questionable, but their math is fine.
 
2009-06-14 09:13:06 PM
What if we break down what's owed by coorporations amongst their employees? Like, how much does each employ of GM owe? How much does each employee of those banks owe?

Factor that in, then let me know what I owe for the interstate highway... that just got rebuilt... early and under budget...
 
2009-06-14 09:14:17 PM
LadyHawke: It's in my bottom nightstand drawer with the batteries removed.

/were we talking about something else?


Now that's funny...
 
2009-06-14 09:14:58 PM
our party is no longer in power so suddenly we care about the national debt now!
 
2009-06-14 09:19:20 PM
LadyHawke: It's in my bottom nightstand drawer with the batteries removed.
 
2009-06-14 09:20:12 PM
godofusa.com: Not really. China is trying to find a way to abandon the dollar. They don't want to be on the hook for our debt any more. Hell, they even laughed right in tax cheat Geitner's face.

If we go down, their factories that make all the stuff we buy go down, they go down too.
 
2009-06-14 09:22:20 PM
PumpUpDaFark: LadyHawke: It's in my bottom nightstand drawer with the batteries removed.

*fap*
 
2009-06-14 09:23:11 PM
12349876: If we go down, their factories that make all the stuff we buy go down, they go down too.

eyup
one of the fun parts of global economy
we buy their stuff
they buy our notes

they can talk all they want about dumping the dollar, but until they can sell their plastic crap to someone else, we are the only game in town
 
2009-06-14 09:24:18 PM
falcon176: our party is no longer in power so suddenly we care about the national debt now!

Being fiscally conservative is easy when you don't have any money to spend.
 
2009-06-14 09:30:06 PM
Oh everyone calm down. It's not like we're ever going to pay it off anyway.
 
2009-06-14 09:30:48 PM
LadyHawke: It's in my bottom nightstand drawer with the batteries removed.

alacritous.wolodko.net
 
2009-06-14 09:30:56 PM
12349876: godofusa.com: Not really. China is trying to find a way to abandon the dollar. They don't want to be on the hook for our debt any more. Hell, they even laughed right in tax cheat Geitner's face.

If we go down, their factories that make all the stuff we buy go down, they go down too.


Not exactly. The yuan will go up significantly and the Chinese will be able to buy their own crap. Notice how they started buying up American companies (what was left of them). They've also been hoarding natural resources the last decade and have double their gold supply in the last 5 years. They know what they're doing.
 
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