Comments on: National Debt At $9 Trillion http://www.fundmasteryblog.com/2007/11/08/national-debt-at-9-trillion/ Mutual Funds, Investing, Retirement, Economy, Personal Finance Tue, 07 Oct 2008 06:25:24 +0000 http://wordpress.org/?v=2.3.1 By: Howard http://www.fundmasteryblog.com/2007/11/08/national-debt-at-9-trillion/#comment-1566 Howard Thu, 02 Oct 2008 17:06:03 +0000 http://www.fundmasteryblog.com/2007/11/08/national-debt-at-9-trillion/#comment-1566 America has to borrow and tax more, just to pay off the interest on the money we already (over) borrowed. If you cut through the crap, and go back to simple basics, all economists agree that the first thing an individual should do to get their finances back into the black, is to pay off their credit cards, and get out from under paying the interest each month. The U.S. is no different. Instead of solving the problem by borrowing hundreds of Billions more, and assuming Billions more in interest, our first priority should be to pay off our loans, and stop paying all that interest on loans !!! America has to borrow and tax more, just to pay off the interest on the money we already (over) borrowed. If you cut through the crap, and go back to simple basics, all economists agree that the first thing an individual should do to get their finances back into the black, is to pay off their credit cards, and get out from under paying the interest each month. The U.S. is no different. Instead of solving the problem by borrowing hundreds of Billions more, and assuming Billions more in interest, our first priority should be to pay off our loans, and stop paying all that interest on loans !!!

]]> By: Aquinas82nd http://www.fundmasteryblog.com/2007/11/08/national-debt-at-9-trillion/#comment-1124 Aquinas82nd Fri, 25 Jul 2008 06:47:43 +0000 http://www.fundmasteryblog.com/2007/11/08/national-debt-at-9-trillion/#comment-1124 Kamal, Please read the original post again. The US is in much better shape than you give it credit for. Regards, Aquinas82nd Kamal,

Please read the original post again. The US is in much better shape than you give it credit for.

Regards,

Aquinas82nd

]]> By: KAMAL AHMAD KHAN http://www.fundmasteryblog.com/2007/11/08/national-debt-at-9-trillion/#comment-1113 KAMAL AHMAD KHAN Tue, 22 Jul 2008 04:34:51 +0000 http://www.fundmasteryblog.com/2007/11/08/national-debt-at-9-trillion/#comment-1113 THE ALARMING HEALTH OF THE US ECONOMY The health of U.S. has been on the rocks ever since the Gramm-Rudmann-Hollings Law was amended/scrapped by President Bush. The Repercussions on the Consumer/Common man on the street will be felt when the Debt Servicing gets to above 3 Percent of GDP. which it already is. That means inflation will follow for the next 5-7 years followed by a Period of Stagflation possibly 3 years i.e. I see Interest rates back above double digits in 7-10 years. with the economy performing poorly. Recession should show its indication from 2009. Outflow of investments should pick up speed 2009 onwards. Bankruptcies to double in the next 5 years. Unemployment to double in next 5 years. The USD to FALL , the Stock market to Fall to 7,000 levels . The banking sector to lead the way as FDIC doesn’t have enough money to bail out a Top 20 US Bank. The Blame (I Feel) goes ALL to US Congress-Senate especially PRESIDENT BUSH for his policies to gain Votes and popularity NOW at the cost of the Future of the US People as the Consumer/Common people in USA will feel the HIT 5-7 years down the road in a Big way. First Recession followed by Stagflation after 3-5 years will and should be hitting the economy in 2009 onwards as the Sub-Prime Mortgage crises is ONLY the forewarning of worse gloom and doom to follow. UNLESS AND UNTIL THE TWIN DEFICITS ARE CONTROLLED NAMELY BUDGET AND TRADE DEFICITS THEN IF DEVALUATION OF THE DOLLAR ON A MASSIVE SCALE PLUS SPENDING CUTS ARE CARRIED OUT THE BALOON WILL BURST SOONER RATHER THAN LATER SPELLING GLOOM AND DOOM ON A FAR MASSIVE SCALE THAN 1929 (GREAT DEPRESSION). Who is going to Bail out the USA ? EU ? World Bank ? IMF ? Japan ? China ? Who ??? Have your forgotten that the Governement has increased TAX on OIL and is earning Billions every year and even then the situation is worsening. Note what I have written down now as Time will tell you IF I am right or wrong. Today 08 July 2008. (This is my analysis and my own working) Regards Kamal Ahmad Khan Analyst/Consultant 0092-300-2209309 THE ALARMING HEALTH OF THE US ECONOMY

The health of U.S. has been on the rocks ever since the Gramm-Rudmann-Hollings Law was amended/scrapped by President Bush. The Repercussions on the Consumer/Common man on the street will be felt when the Debt Servicing gets to above 3 Percent of GDP. which it already is. That means inflation will follow for the next 5-7 years followed by a Period of Stagflation possibly 3 years i.e. I see Interest rates back above double digits in 7-10 years. with the economy performing poorly. Recession should show its indication from 2009. Outflow of investments should pick up speed 2009 onwards. Bankruptcies to double in the next 5 years. Unemployment to double in next 5 years. The USD to FALL , the Stock market to Fall to 7,000 levels . The banking sector to lead the way as FDIC doesn’t have enough money to bail out a Top 20 US Bank. The Blame (I Feel) goes ALL to US Congress-Senate especially PRESIDENT BUSH for his policies to gain Votes and popularity NOW at the cost of the Future of the US People as the Consumer/Common people in USA will feel the HIT 5-7 years down the road in a Big way. First Recession followed by Stagflation after 3-5 years will and should be hitting the economy in 2009 onwards as the
Sub-Prime Mortgage crises is ONLY the forewarning of worse gloom and doom to follow.

UNLESS AND UNTIL THE TWIN DEFICITS ARE CONTROLLED NAMELY BUDGET AND TRADE DEFICITS THEN IF DEVALUATION OF THE DOLLAR ON A MASSIVE SCALE PLUS SPENDING CUTS ARE CARRIED OUT THE BALOON WILL BURST SOONER RATHER THAN LATER SPELLING GLOOM AND DOOM ON A FAR MASSIVE SCALE THAN 1929 (GREAT DEPRESSION).

Who is going to Bail out the USA ? EU ? World Bank ? IMF ? Japan ? China ? Who ???

Have your forgotten that the Governement has increased TAX on OIL and is earning Billions every year and even then the situation is worsening.

Note what I have written down now as Time will tell you IF I am right or wrong. Today 08 July 2008.
(This is my analysis and my own working)

Regards
Kamal Ahmad Khan
Analyst/Consultant
0092-300-2209309

]]> By: mark gill http://www.fundmasteryblog.com/2007/11/08/national-debt-at-9-trillion/#comment-943 mark gill Sat, 21 Jun 2008 13:18:08 +0000 http://www.fundmasteryblog.com/2007/11/08/national-debt-at-9-trillion/#comment-943 But, what about the 400 billion paid just for interest on the debt? That amount is greater than most other pieces of the federal expenditure pie.......... I mean, 400 billion!!!! Out of a projected 3 trillion dollar budget..........If it were, say, 200 billion, the other 200 billion could mean less of a tax increase in the future, or it could be used for domestic policies, which always suffer horribly under Republicans........ But, what about the 400 billion paid just for interest on the debt? That amount is greater than most other pieces of the federal expenditure pie……….

I mean, 400 billion!!!! Out of a projected 3 trillion dollar budget……….If it were, say, 200 billion, the other 200 billion could mean less of a tax increase in the future, or it could be used for domestic policies, which always suffer horribly under Republicans……..

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