2013년 11월 26일 화요일

About 'us debt clock widget'|A Brief Debt / Immigration Rant







About 'us debt clock widget'|A Brief Debt / Immigration Rant








It               is               often               said               that               time               is               money.

In               some               cases,               it               is               quickly               disappearing               money.

There               are               actually               clocks               to               prove               it.

For               many               who               did               not               know,               there               is               a               clock               in               Times               Square               that               keeps               track               of               the               national               debt               of               the               United               States,               called,               appropriately               enough,               the               National               Debt               Clock.

U.S.

News               &               World               Report               says               that               it               is               running               out               of               available               space,               that               debt               is               accumulating               so               rapidly               that               it               is               down               to               its               last               digit               -               and               that               after               the               clock               was               altered               to               replace               the               "$"               sign               in               September               to               accommodate               the               "1"               that               starts               off               ten               trillion               dollars.
               At               present,               the               national               debt               is               at               a               staggering               $10.2               trillion               and               climbing.

It               does               not               reflect               the               extremely               unpopular               $700               billion               bailout               rescue               package               just               passed               by               Congress,               which               economists               expect               to               send               the               national               debt               past               the               $11               trillion               level.
               The               National               Debt               Clock               was               created               by               Seymour               Durst               in               1989.

The               Manhattan               real               estate               developer               thought               it               a               good               idea               to               inform               the               public               about               the               profligate               government               debt               being               accumulated               at               an               ever-growing               rate.

When               the               National               Debt               Clock               was               first               placed               in               operation,               the               national               debt               was               $2.7               trillion.

When               President               Bill               Clinton               left               Office,               it               was               at               $5.7               trillion               and               had
               The               Durst               Organization,               which               is               run               by               Seymour               Durst's               son,               Douglas               Durst,               is               working               on               a               newer               clock               that               will               track               into               the               quadrillions.

The               new               National               Debt               Clock               is               scheduled               to               be               erected               in               2009.
               The               Associated               Press               reports               that,               according               to               the               Treasury               Department,               the               national               debt               has               risen               by               more               than               half               a               trillion               dollars               per               year               since               2003.
               There               is               a               simple               reason               for               this:               the               Iraq               War.
               What               A               Difference               A               War               --               And               A               Balanced               Federal               Budget               --               Will               Make
               Of               course,               the               Iraq               War               does               not               account               for               all               of               the               $500               billion               per               year               debt,               but               it               accounts               for               much               of               it.

Added               to               the               wanton               deficit               spending               of               the               Bush               administration,               however,               it               accounts               for               most               of               it,               including               defense               overspending               and               tangentials.

And               while               many               believe               that               the               Iraq               War               appropriations               are               included               in               the               budget,               the               opposite               is               true.

Those               appropriations               are               made               in               addition               to               the               federal               budget.

That               is               why               the               president               must               go               before               Congress               every               three-to-four               months               and               ask               Congress               for               military               appropriations.
               It               is               a               disingenuousness               that               the               additional               war               appropriations               funds               are               not               included               when               the               national               fiscal               deficit               is               announced.

And               yet,               it               remains               very               much               a               part               of               our               national               debt.

The               two               -               the               Iraq               War               and               the               national               debt               -               are               inextricably               linked.

A               rise               in               the               former               means               a               subsequent               rise               in               the               latter.
               And               there               is               a               clock               to               track               how               much               the               Iraq               War               is               costing               the               American               taxpayer               as               well.

It               can               be               found               at               Zfacts.com.

The               Iraq               War               Clock               is               fast               approaching               $600               billion.
               Before               it               draws               to               a               conclusion,               the               War               in               Iraq               is               expected               to               surpass               three               trillion               dollars               and               more.

Joseph               E.

Stiglitz,               Nobel               Prize               winner               for               Economics               and               the               author               of               The               Three               Trillion               Dollar               War,               notes,               "When               the               full               price               of               the               war               has               been               paid,               trillions               of               dollars               will               have               been               added               to               our               national               debt.

Invading               Iraq               has               also               driven               up               oil               prices.

In               these               and               other               ways,               the               war               has               weakened               our               economy."               Included               in               the               "other               ways"               are               the               hidden               costs               of               the               war:               loss               of               manpower               in               key               areas,               loss               of               resources               to               the               war,               and               benefits               for               healthcare               to               returning               vets.
               They               will               be               needing               the               new               National               Debt               Clock               shortly,               it               seems...
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               National               Debt               Clock
               Cost               Of               Iraq               War               Clock
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               Sources:
               USNews.com
               Associated               PressZfacts.com               
               Widgetbox.com






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