The National Debt Clock

[A Theist]

I posted this link on another discussion board, but thought I'd post it here as well for discussion and thoughts.
This is the U.S. "debt clock". The numbers are astounding...

http://www.usdebtclock.org/

[Shinylight]

Something will come along and save them. Probably the rest of the World bending over backwards.

[ib.me.ub]

Bullshit. The crap is going to hit the fan sooner or later. That clock can only go so high before it fucking explodes, and the rest of the World with it.

Take a look at the UK. About too loose 500,000 jobs and slash their defence spending. Capatalism is all fucked up. It can never work in the long term!!!

[Tiberius]

That has nothing to do with capitalism, it has everything to do with government spending; more specifically, Labour spending more money than they had on things we didn't need for 13 years.

The only solution to stopping the debt is to cut down on unnecessary public spending, and to shift a load of public jobs to the private sector. Capitalism is saving the country at the moment.

[ib.me.ub]

Dosen't capatilism require growth, hence spending, to operate correctly?

[Shinylight]

The cause was neither Socialism nor Capitalism, it was an incompetent Government.

[ib.me.ub]

Yes, an incompetent Government using an incompetent sysytem! A Government can only be as strong as its sysytem.

[A Theist]

Yes, an incompetent Government using an incompetent sysytem! A Government can only be as strong as its sysytem.

No, it's not the system that's incompetent. It's the incompetent people running the system. I totally agree with Tiberius...

[downbeatplumb]

That has nothing to do with capitalism, it has everything to do with government spending; more specifically, Labour spending more money than they had on things we didn't need for 13 years.

The only solution to stopping the debt is to cut down on unnecessary public spending, and to shift a load of public jobs to the private sector. Capitalism is saving the country at the moment.

Um do the terms the terms 'banking crisis' and 'toxic debt' ring a bell.
The crisis was caused by unrestrained capitalism and wide boy chancers making a quick buck at the expense of the rest of us.

We had to bail them out apparently, I would have been more inclined to let them fail and pick the pieces afterwards.

We would be still stuffed but at least the rich bastards wouldve been made to pay for their banditry rather than being cushioned by vast amounts of money from us normal workers.

[Skipper]

That has nothing to do with capitalism, it has everything to do with government spending; more specifically, Labour spending more money than they had on things we didn't need for 13 years.

The only solution to stopping the debt is to cut down on unnecessary public spending, and to shift a load of public jobs to the private sector. Capitalism is saving the country at the moment.

Um do the terms the terms 'banking crisis' and 'toxic debt' ring a bell.
The crisis was caused by unrestrained capitalism and wide boy chancers making a quick buck at the expense of the rest of us.

We had to bail them out apparently, I would have been more inclined to let them fail and pick the pieces afterwards.

We would be still stuffed but at least the rich bastards wouldve been made to pay for their banditry rather than being cushioned by vast amounts of money from us normal workers.

Had the banks not been bailed out we would have been in an even worse position. Granted it's not ideal but letting them fail would have been really cutting your own nose off to spite your face.

I agree completely with Adrian, capitalism is NOT the issue here, it's government incompetence from Labour for well over a decade of spending and borrowing more despite not needing to. Had we have made better savings during the last 13 years and not enlarged the dependence on the state (blatant vote buying) for employment to needlessly high levels we would have been in a much better position to deal with the global financial problems.

Capitalism is the worst system we have. Except for all the others.