Korean Job Discussion Forums

Wangja · Joined: 17 May 2004 Location: Seoul, Yongsan

As at 17 November 2005 this stood at 8,083,374,482,184.25 USD, around 27,000 USD for each man, woman and child in the country. Interest at, say, 4% costs around 1,000 USD per person per year.

The debt is increasing at an approxinate rate of 333 USD per day per person.

You can do your bit to reduce that enormous problem.

Please follow these important steps to make a contribution to reduce the debt.

Make check payable to the Bureau of the Public Debt. In the memo section of the check, notate Gift to reduce Debt Held by the Public.

Mail check to -

ATTN DEPT G
BUREAU OF THE PUBLIC DEBT
P O BOX 2188
PARKERSBURG, WV 26106-2188

(This is better than paying tax, as it is a direct reduction in debt).

http://www.publicdebt.treas.gov/opd/opdfaq.htm

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

This is a con, right?

Wangja · Joined: 17 May 2004 Location: Seoul, Yongsan

I have been wrong before and I could be wrong again ...... but I don't think so.

If a spoof, it is a bloody good one. Websites with the "gov" suffix ain't that easy to get.

Here's the home page http://www.publicdebt.treas.gov/

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

It looks real to me too. I am appalled that we would have a bureau separate from the Treasury Department just to do whatever it is they do. I guess it helps explain why we have such an enormous debt. Not only that, if the debt were ever paid off these guys would be out of a job, so you can just imagine how hard they work.

Nowhere Man · Joined: 08 Feb 2004

http://www.truemajorityaction.org/oreos/

Real Reality · Joined: 10 Jan 2003 Location: Seoul

US National Debt by Presidential Term, Percentage of GDP,1976-2004
US National Debt by Presidential Term, per Capita,1976-2004
http://www.skymachines.com/US_National_Debt_Per_Capita_Percent_of_GDP_and_by_President_1976-2004.htm

National Debt as % of GDP

http://zfacts.com/metaPage/lib/National-Debt-GDP.gif
http://zfacts.com/p/318.html

National Debt Clocks
http://zfacts.com/p/461.html

http://www.brillig.com/debt_clock/history.gif

http://www.mydd.com/images/user/1360/Natl_Debt_Chart_2004.gif

Wangja · Joined: 17 May 2004 Location: Seoul, Yongsan

Isn't it amazing that those periods of small government increase the debt so much and those "socialists" reduce it?

Another of the delightful paradoxes that are America.

70% of GDP!

Christ, that's banana republic level, or Italy. Even more than Belgium.

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994