Economic Stimulus.. Where are the jobs?

**ghettopalmetto** · July-19-09, 07:38 PM

Originally Posted by ccbatson

The country can't withstand another stimulus....heck, I am not sure we can handle the first pork laden, liberal power grabbing nonstimulus package that has yet to be paid for and will cost 1 trillion in INTEREST ALONE each year.

Do you enjoy making up numbers as a hobby?

**oladub** · July-19-09, 10:01 PM

The interest on the federal debt was $451B in 2008. I came across estimates of between $500-565B for 2009. Dividing 306M Americans into $500B = $1,634/American.

The Federal debt per citizen = $37,400
Federal annual spending per citizen = $6,890
US unfunded liabilities per citizen = $189,326
http://www.usdebtclock.org/

**ghettopalmetto** · July-19-09, 10:28 PM

Does www.usdebtclock.org also explain how principal of approximately $800 billion has such an astronomical interest rate that the annual interest payments exceed 120% of that amount?

:-)

**Papasito** · July-19-09, 10:47 PM

Originally Posted by lilpup

The guy's been in office less than six months and you expect him to turn around a ship that's been gaining momentum in the wrong direction for almost 30 years.

He said he had a plan when he was running for office.
He pushed and passed the stimulus
No excuses

**Papasito** · July-19-09, 10:49 PM

Thanks to cap and trade and health care, there wont be any employers anyway.

Companies are going to move where carbon isn't taxed and they can pollute as they please [[about 1/2 the world's countries fall into that category), and thanks to our free trade policies they have nothing to lose and everything to gain by doing it.
Private Health Insurance companies are going to be dropping like flies, and tens of thousands of Americans are going to be out of work, due to the cheaper government backed insurance coming onto the scene.

The recovery is a long way away, every time things start to turn around, the government does something to put it back in the tank again.

people wanted change, they got it.

**oladub** · July-19-09, 10:56 PM

Originally Posted by ghettopalmetto

Does www.usdebtclock.org also explain how principal of approximately $800 billion has such an astronomical interest rate that the annual interest payments exceed 120% of that amount?

:-)

Upper left corner - The US National debt is $11.4T, and increasing rapidly under Obama.

If the interest is $500B this year on just $11.4T then the interest rate would be 4.38%. Recent treasuries have been selling for over 4% so that sounds about right.