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-   -   The Edmund Fitzgearld & the National debt (https://www.boatbanter.com/general/61121-edmund-fitzgearld-national-debt.html)

thunder October 4th 05 03:43 PM

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?

[email protected] October 4th 05 04:04 PM


OlBlueEyes wrote:

Direct quotes from websites, you cocksucking mother****ing faggot son os a
****sucking infected ****.


Now THAT tripe certainly makes you credible, huh?


Starbuck's Words of Wisdom October 4th 05 04:16 PM

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?




Jim, October 4th 05 05:11 PM

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, October 4th 05 05:15 PM

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


[email protected] October 4th 05 06:06 PM


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.


Dave Hall October 4th 05 07:49 PM

On 3 Oct 2005 17:17:43 -0700, wrote:


OlBlueEyes wrote:
"Dixon" wrote in
:

The value of the all the worlds gold
would not even pay one- fifth of our debt.


But selling the superfluous properties the govt owns would pay it all off.


Hell yes. Who needs some wide open space where the deer and the
antelope play, anyway?


Whoever it is would be willing to pay for it, I am sure.

Yellowstone? Pave that sucka and put up a WalMart. They can use
geothermal energy for heat.


Best idea I have heard recently, although I am sure that there are
more profitable uses of Yellowstone
Yosemite? Can you say ticky tacky condos? We could hang actual pictures
in all the picture windows, so the new residents will know what the
place looked like before the cinderblocks blocked the view.


OK

Gettysburg? Leave a statue off in a corner someplace, and carve it up
with cul-de-sacs and a strip mall.


OK

Little Bighorn? Put up a refrigerated desert concession and advertise
it as Custard's Last "Stand".

Doubt anyone would come. Nobody goes as is.

If there are any of those pesky darned birds and animals still hanging
around, shoot the critters after sending a couple of dozen off to
various zoos. Lop off those dang trees while we're at it. Didn't Rush
Limbaugh tell us all that pollution is actually caused by trees?

As far as the Capitol Mall goes, who the hell needs that in this day
and age? Send all the congresspeople home, let them debate in chatrooms
and vote on the internet. No point in maintaining the Federal Justice
Building, either; we'll just let Bush decide who gets shot and who
should live, much simpler than screwing around with a bunch of ACLU
liberal lawyers in any case.

Once we get the debt down to zero by selling off all the government
property in the US, we can go back to spending like a bunch of drunks
on a holiday and be back to almost $8 TRILLION in debt, (thank GWB for
the last $2.5 trillion of that) before we know it.


NOYB October 4th 05 09:34 PM


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)



Dixon October 5th 05 12:05 AM


"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



Eisboch October 5th 05 12:42 AM


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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