Nearly $500 billion will be paid just to service the FY07 debt.

[RUMMYisFROSTED]

The third largest expenditure of the Federal Govt. after Defense and Health and Human Services.

Year after year after year.

A quarter of our budget is being skimmed every year and the number one recipient of those funds is the Fed and other Central Banks around the world. Quite a cash cow.







We're Number 163!!!! :party:


Rank Country Current account balance
(million US$)
1 People's Republic of China 249,900
2 Japan 170,500
3 Germany 147,800
4 Saudi Arabia 104,100
5 Russia 94,470
6 Switzerland 63,490
7 Netherlands 57,520
8 Norway 55,210
9 Kuwait 51,000
10 Singapore 41,290
11 United Arab Emirates 35,160
12 Algeria 29,040
13 Sweden 27,500
14 Venezuela 27,170
15 Hong Kong 20,900
16 Canada 20,790
17 Malaysia 17,860
18 Libya 14,500
19 Brazil 13,500
20 Iran 13,130
21 Nigeria 12,590
22 Qatar 12,510
23 Republic of China (Taiwan) 9,700
24 Finland 8,749
25 Iraq 8,134
26 Angola 7,700
27 Oman 7,097
28 Belgium 6,925
29 Austria 5,913
30 Argentina 5,810
31 Chile 5,063
32 Denmark 4,941
33 Philippines 4,900
34 Luxembourg 4,630
35 Trinidad and Tobago 3,259
36 Azerbaijan 2,737
37 Egypt 2,697
38 Korea, South 2,000
39 Bahrain 1,999
40 Gabon 1,807
41 Botswana 1,698
42 Yemen 1,690
43 Indonesia 1,636
44 Peru 1,515
45 Israel 1,643
46 Uzbekistan 1,410
47 Burma 1,247
48 Republic of the Congo 1,215
49 Vietnam 1,029
50 Ecuador 727
51 Bolivia 688
52 Papua New Guinea 661
53 Namibia 572
54 Ivory Coast 460
55 Cameroon 419
56 Morocco 389
57 Bangladesh 339
58 Turkmenistan 321.2
59 Equatorial Guinea 175
60 British Virgin Islands 134.3 (1999)
61 Kazakhstan 113
62 Cook Islands 26.67 (2005)
63 Palau 15.09 (2004)
64 Tuvalu 2.323 (1998)
65 Samoa -2.428 (2004)
66 Tonga -4.321 (2005)
67 Comoros -17 (2005)
68 Kiribati -19.87 (2004)
69 Swaziland -23.13
70 São Tomé and Príncipe -24.4
71 Vanuatu -28.35 (2003)
72 Federated States of Micronesia -34.3 (2005)
73 Anguilla -42.87 (2003)
74 Cape Verde -44.43
75 The Gambia -54.61
76 Burundi -57.84
77 Haiti -58.72
78 Tajikistan -73.95
79 Lesotho -75.44
80 Seychelles -78.59
81 Antigua and Barbuda -83.4 (2004)
82 Guyana -84.3
83 Rwanda -104.1
84 Honduras -160
85 Zambia -165.4
86 Republic of Macedonia -167
87 Belize -173.4
88 Malawi -186
89 Ghana -219
90 Armenia -247.3
91 Togo -261.9
92 Zimbabwe -264.6
93 Kyrgyzstan -287.3
94 Paraguay -300
95 Chad -324.1
96 Benin -342.7
97 Guinea -344
98 Cambodia -369
99 Mexico -400.1
100 Uganda -423
101 Eritrea -440.5
102 Mozambique -444.4
103 Fiji -465.8
104 Panama -467
105 Madagascar -504
106 Laos -404.2
107 Belarus -511.8
108 Syria -529
109 Moldova -561
110 Uruguay -600
111 Burkina Faso -604.6
112 Mauritius -651
113 Albania -679.9
114 Georgia -735
115 Tunisia -760
116 Slovenia -789.2
117 Nicaragua -883
118 Senegal -895.2
119 Thailand -899.4
120 Tanzania -906
121 Malta -966.2
122 Jamaica -970
123 Cyprus -1,051
124 El Salvador -1,059
125 Sri Lanka -1,118
126 Kenya -1,119
127 Dominican Republic -1,124
128 Costa Rica -1,176
129 Cuba -1,218
130 Guatemala -1,533
131 Bosnia and Herzegovina -1,730
132 Estonia -1,919
133 Ukraine -1,933
134 Colombia -2,219
135 Serbia -2,451 (2005)
136 Latvia -2,538
137 Lithuania -2,572
138 Jordan -2,834
139 Croatia -2,892
140 Iceland -2,932
141 Ethiopia -3,384
142 Slovakia -3,781
143 Czech Republic -4,352
144 Sudan -4,510
145 Poland -4,548
146 Bulgaria -5,100
147 Lebanon -5,339
148 Pakistan -5,486
149 Hungary -6,211
150 Ireland -9,136
151 New Zealand -9,373
152 India -10,360
153 Romania -12,840
154 South Africa -16,280
155 Portugal -18,280
156 France -28,320
157 Greece -29,710
158 Turkey -31,760
159 Australia -41,140
160 Italy -47,310
161 United Kingdom -88,100
162 Spain -106,400
163 United States -811,500

http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance

[gratuitous]

1. Thanks for this

I have a couple of people on other boards that this little statistic should cram very nicely up their pasty white asses.

[RUMMYisFROSTED]

2. You will never hear this mentioned on the Tube. Ever.

You always hear about the cost of Health and Human Services.

Occasionally the massive Defense budget is mentioned.

But never is the transference of wealth to the Central Banks mentioned. Never.

[Coexist]

10. ... and they can somehow afford to send all all CHECKS. WTF??

[predfan]

3. here's the elephant in the room that neither party is real thrilled

to discuss. Someday someone ( our children and grandchildren) will be paying this back and hating our generation. Think about what we could be doing with that half a trillion dollars a year, as per becoming energy self sufficient and improving our overall health.

[RUMMYisFROSTED]

4. For comparison, Exxon, the largest co. in the world, is valued at $385B.

That's the total value of Exxon.

The equivalent of 1 1/4 Exxon's is swallowed up every year.

[mainegreen]

5. I swear, if NASA had the DOD's budget we really WOULD have moon cities by now.

Damn damn damn.

[EmperorHasNoClothes]

6. For some reason people don't understand

that without this huge debt that Reagan/Bush/Bush have rung up, we could have a HUGE tax cut. None of this $600 per year crap.

[RUMMYisFROSTED]

7. And the money we pay wouldn't be funneled to 3rd parties.

[RUMMYisFROSTED]

8. 25 cents on the dollar kick

:kick:

[indepat]

9. The good news is the US can continue its massive twin deficits into perpetuity without ever having

to pay the piper nor lowering the US standard of living or value of the dollar. Moreover, the rest of the world will gladly continue to fund our vast defense structure which spends more on military spending than the rest of the world so we can exert our will on the rest of the world. :9

[progressoid]

11. If only we could get rid of those "welfare moms". That would fix the problem.

[Octafish]

12. Most of the debt incurred under GOP pretzeldunces.

Thanks for the heads-up, RUMMYisFROSTED!

[RUMMYisFROSTED]

13. We need a new graph.

As big as Chimp's borrowing(actually moving Joe Citizen's pile to Joe Banker's pile) has been, it's now nearly double what that graph shows.


"Gee, Maw..." :)

[Octafish]

14. War. Oil. Drugs. Debt...

...Big Money for the BFEE to move offshore.

And to think Chimpy wants to put his mitts on Social Security.

[Heywood J]

16. As far as I know, he already has.

Didn't he raid the Trust Fund the first chance he got?

[RUMMYisFROSTED]

20. Mitts, literally.

[RUMMYisFROSTED]

15. Know your problem kick.

:kick:

[RUMMYisFROSTED]

17. The Devil among us kick

:kick:

[JBoy]

18. Wow, look at all those countries with "socialized" medicine

that are way up in the black.

[RUMMYisFROSTED]

19. Look at the WWII Axis powers.

:think:

[RUMMYisFROSTED]

21. Death throes kick

:kick:

[Winterblues]

22. Imagine if Interest rates go up to just what they were during Bush 1

It would be more than anything else. and all just up in smoke. Buys us nothing what-so-ever...