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10,615,000,000,000
by RogueState2

Dear Tax payer:

Here's your final balance. Please write a check for the above amount to "Biggest Bailout."

Total Public Debt
Subject to Limit 9,582,272 9,574,849 9,580,508 8,921,343
Statutory Debt Limit 10,615,000 10,615,000 10,615,000 9,815,000
Act of July 30, 2008, permanently increased the statutory debt limit
to $10,615 billion

Re: 10,615,000,000,000
by kunigunda

Not permanent by a long shot. We'll never pay down any substantial portion of the national debt.

Re: 10,615,000,000,000
by RogueState2
That's the miffing part. How do legislators raise money? They raise the "ceiling" on the debts.
Re: 10,615,000,000,000
by wmou

We could start by cutting spending. Start by eliminated harmfuld bureacracies and work your way down through incompetent and finally be left with poorly run constitutional duties. Then try to do those well.

We need to revitalize our manufacturing base. The best thing would be to eliminate all federal taxes on corporations. Then go through the regulations eliminating the counter productive, ineffective, and instute simple but monitorable regulations. Sarbanes Oxley is extremely oppressive and ineffective. Stupid laws like that chase corporations away. Not because they do not want to comply, but because the cost of compliance is very high,

Re: 10,615,000,000,000
by Unamuno
According to Ron Paul, they print it when they want it. Called a fiat money system
Re: 10,615,000,000,000
by mark14
Know what Phil Gramm said about you?
What planet are you on?
by duckandcover
We've spend a trillion on an optional war. We added to that with deficit spending because of the tax cuts. And now we just added another trillion. All the measures that you have specified (harmful beuracracies) are trivial compared to these. Its right up there with "stop welfare". "stupid laws chase corporations away" uh, sure. We can't pay people as little as poor countries do and so, left unfettered, that's where they go. Those problems are trivial to the damage that the lack of regulation has done.
Wanna make it 20 trillion for 10?
by alex
Vote Palin/McCain
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