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On Tue, 04 Oct 2005 13:27:13 +0000, OlBlueEyes wrote:
By your reading, the Louisiana Purchase was illegal, and should be given back to the French. If you knew ANYTHING about the history of the US you'd know that Thomas Jefferson explicitly STATED that the LP was in fact illegal. He had concerns about stepping on states rights, but he made the deal anyway. So, should we give the Louisiana Purchase back to the French? |
OlBlueEyes wrote: Direct quotes from websites, you cocksucking mother****ing faggot son os a ****sucking infected ****. Now THAT tripe certainly makes you credible, huh? |
Kevin,
That quote sounded as if you are Harry made the post. wrote in message ups.com... OlBlueEyes wrote: Direct quotes from websites, you cocksucking mother****ing faggot son os a ****sucking infected ****. Now THAT tripe certainly makes you credible, huh? |
Dixon wrote:
The Gordon Lightfoot song about the Edmund Fitzgerald carrying 26,000 tons of iron ore makes for an interesting comparison. It is said all the gold in the world would weigh just over 100,000 tons. (a final Jeopardy question a while back). This is four Edmund Fitzgerald loads. At the current gold price of $ 465 per oz., how would you think the entire worlds gold supply would compare to our national debt?----- The value of the all the worlds gold would not even pay one- fifth of our debt. Trouble coming? Dixon Check my math guys, but I have the US national debt at $7,939,664,349,738.56 so figure $465(price of gold) X(16/.083 (troy OZ to US oz))x2000 (pounds/ton) x 100,000 (tons of gold in the world = $17,927,710,843,373.49 |
Jim, wrote:
Dixon wrote: The Gordon Lightfoot song about the Edmund Fitzgerald carrying 26,000 tons of iron ore makes for an interesting comparison. It is said all the gold in the world would weigh just over 100,000 tons. (a final Jeopardy question a while back). This is four Edmund Fitzgerald loads. At the current gold price of $ 465 per oz., how would you think the entire worlds gold supply would compare to our national debt?----- The value of the all the worlds gold would not even pay one- fifth of our debt. Trouble coming? Dixon Check my math guys, but I have the US national debt at $7,939,664,349,738.56 so figure $465(price of gold) X(16/.083 (troy OZ to US *pounds*)x2000 (pounds/ton) x 100,000 (tons of gold in the world = $17,927,710,843,373.49 |
thunder wrote: On Tue, 04 Oct 2005 03:31:48 -0700, tschnautz wrote: and be back to almost $8 TRILLION in debt, (thank GWB for the last $2.5 trillion of that) before we know it. And who is resposible for the previous 5.5 tril? I got an Idea, but then again, that wasn't his fault, now was it? Uh, it might not be who you think. http://zfacts.com/p/318.htm Nice chart. A casual eyeballing shows that when Truman took office, the national debt was at 90% of the GNP. During his administration, the national debt dropped to 70% of the GNP. Under Eishenhower, the national debt dropped from 70-55% of the GNP. Under Kennedy and Johnson, the national debt dropped (during a time of war) from 55-40% of the GNP. Under Nixon and Ford, the national debt dropped (while there was still a war going on) from 40-35% of the GNP. Under Carter, during a time of high inflation and recession, the national debt only dropped a few percent, from about 35% of the GNP to about 32% of the GNP. Under Ronald Reagan and Bush the First, the national debt *rose* from 32% of the GNP to 65% of the GNP. *Doubled as a percentage of the GNP* (!) Under Clinton, the national debt dropped from 65% of the GNP to about 57% of the GNP. In retrospect, Clinton should have done more to reduce the debt as we had a "boom" economy throughout much of the 90's- but at least it went down as a percentage of the GNP during his term. Under Bush the Second, the national debt has risen from 57% of the GNP to 65% of the GNP. As a percentage of the GNP, he has run up the debt as a percentage of the GNP to as high a humber as we have seen since Bush the First was in office, and almost as high as when Eisenhower took office and we were still paying off WWII. Here's the scary part. The debt has actually increased in dollars something like 40% since the begining of Bush II's administration. If the economy stumbles on the price of oil, the sword rattlers get us involved with Iran and/or North Korea, or even the tiniest little burp sends us into a recession we could theoretically see increased spending and decreased GNP that would put us into unimaginable national debt vs. GNP numbers. |
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wrote in message oups.com... Under Bush the Second, the national debt has risen from 57% of the GNP to 65% of the GNP. As a percentage of the GNP, he has run up the debt as a percentage of the GNP to as high a humber as we have seen since Bush the First was in office, and almost as high as when Eisenhower took office and we were still paying off WWII. Nice try, Chuck. But Debt as a percentage of GDP peaked in 1995 and 1996, when it was 67.2 and 67.3% respectively. It was over 70% when Eisenhower was in office...and never topped 65% until 1994 when Clinton was in office. http://www.whitehouse.gov/omb/budget...6/pdf/hist.pdf (see Table 7.1...which is on page 119) |
"Jim," wrote in message ... Jim, wrote: Dixon wrote: The Gordon Lightfoot song about the Edmund Fitzgerald carrying 26,000 tons of iron ore makes for an interesting comparison. It is said all the gold in the world would weigh just over 100,000 tons. (a final Jeopardy question a while back). This is four Edmund Fitzgerald loads. At the current gold price of $ 465 per oz., how would you think the entire worlds gold supply would compare to our national debt?----- The value of the all the worlds gold would not even pay one- fifth of our debt. Trouble coming? Dixon Check my math guys, but I have the US national debt at $7,939,664,349,738.56 so figure $465(price of gold) X(16/.083 (troy OZ to US *pounds*)x2000 (pounds/ton) x 100,000 (tons of gold in the world = $17,927,710,843,373.49 100,000 tons x 2000 lbs./ ton = 200,000,000 lbs.= 2,916,666,560 troy oz.(1 lb. = 14.583332797487612 troy oz) x $465 =$1,356,249,995,000 or roughly 1.35 trillion. The nat debt is roughly 7.94 trillion. 7.94 trillion divided by 1.35 trillion is 5.88. Dixon |
Shortwave Sportfishing wrote in message ... On Tue, 04 Oct 2005 10:43:48 -0400, thunder wrote: Hell yeah - let the Frenchies pay for rebuilding New Orleans. When they are finished, threaten them, they give up and we get it all back. France has it's own problems. Funny, it seems the focus is always on the USA. http://news.yahoo.com/s/nm/20051004/...erty_france_dc Eisboch |
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