Move along, nothing to see.
This doesn’t include unfunded liabilities
Gotta drain the Swamp first, then replace a lot of Dems & RINOs in Congress. THEN we concentrate on the debt.
I can’t see it happening any other way, if at all.
Actually, its rate of increase has slowed dramatically..
Obammy could have easily run it up to 30T before he left office,, pallets of fresh 100 hundred dollar bills for all our allies&foes that hate us. The world is full of ‘em.
We’re running close to a trillion dollar deficit with the economy performing better than it has in decades. What do you think the deficit is going to be like when the economy takes a downturn?
illegals used to cost our country between $400 BILLION DOLLARS and $600 BILLION DOLLARS (when all their crimes, and resulting incidental costs are added up, and all their costs to our society like schooling, healthcare, prison terms, lawyers, counselors, etc etc etc are added up)
That was about 2 decades ago that the studies were done- today I imagine thew cost is close to a trillion dollars per year, every single year-
$5 BILLION DOLLARS for a wall? That’s a pure bargain! Build the damn wall!
Solution:
Democrats: raise taxes
Republicans: cut spending...a little
Warren Buffet: pass a law where any Congressmen who
votes for a budget that results in a 3% or more
increase in the debt cannot run for reelection.
Since tax revenue is hitting records, that leaves spending as the problem. A government shut down to force both parties to give up their pet projects might be the solution.
Just cut 5% across the board on everything, every year, until the deficit is eliminated. Force the government agencies to get by on less. There is so much waste and departments purposely use up all of their funding to ensure there is no budget cut the next year.
United States National Debt $21,832,777,608,382.98
United States National Debt Per Person $66,204.57
United States National Debt Per Household $171,469.84
Total US Unfunded Liabilities $123,288,635,872,051.34
Social Security Unfunded Liability $15,111,696,183,035.35
Medicare Unfunded Liability $79,030,134,957,592.80
Prescription Drug Unfunded Liability $19,944,631,306,135.87
National Healthcare Unfunded Liability $9,202,173,425,287.35
If you’re talking about the US deficit of nearly 20 trillion dollars spread out over 300 million citizens, that’s roughly $67,000.00 that each person in the US would owe in debt.
This is just the beginning.
Thank God for Credit Money and Central Banking, otherwise Bread would still be 10 cents and a gallon of milk would still be 60 cents like it was before Nixon closed the Gold Window and put us on the Path of Serfdom with the Bankers firmly in charge
Obviously, Trump’s fault.
Remember almost half of it was added by Obama
We aren’t paying it back. Nobody wants to admit it just yet, but we aren’t paying.
We will do what every third world country does. We will issue a “new dollar” and the “old dollar” will be shifted a couple of decimal points. So 22 Trillion will become 220 Billion new dollars that will be promptly printed and exchanged for “old dollar” debts.
Oh, Your paychecks and savings will also be shifted a couple of decimal points too.
Problem solved.
Government won’t turn on a dime unless the people do a wholesale change of how it works. There is no way short of insurrection that will return power to the people in single generation.
If our debt turns down before the three trillion mark, Trump will have performed a miracle.
The chickens are gathering and they will start coming home soon.
Crickets from liberals as it was being raised more than any other president under Obama.