Posted on 09/11/2017 3:28:25 PM PDT by Drago
For the first time in its history, the US federal government has more than $20 trillion in outstanding debt.
The milestone was technically hit Friday, with the Treasury Department settling its accounts at the end of the day with $20,162,176,797,904 of debt outstanding.
(Excerpt) Read more at businessinsider.com ...
Woo Hoo! We’re # 1 !
National debt up $215 billion since January 20, 2017:
Half of which came from only 8 years of Obama with nearly no coverage whatsoever.
Ugh...and on 9/11, too...some symbolism there of vulnerability in more ways than one...
As far as your life savings...this legislation didn't change a thing. In fact, if you have/had money in the market, chances are you're doing just fine under President Trump.
We simply have to cut spending. Not for the stuff I support of course, but stuff other people want just has to go.
“...but my hope is declining along with our life savings.”
How is Mother Government not having a budget effecting your life savings?
Were we all supposed to send in our share of $167,299.00 last week and I missed it? ;)
Seriously. What has effected your bottom line due to our budget woes? I’m just curious.
I have an idea. Meet with Schumer and pelosi and raise the debt limit.
Oh....I was just WAITING FOR THAT!
Thanks, 0bama! Your work here is MORE than done, you sonofab#tch!
Inflation at around 9-10% (using 1980 methods) eating away at people on a fixed income and eating away at savings (unless invested in the overheated stock market).
http://www.shadowstats.com/alternate_data/inflation-charts
just about half of this debt is Obama’s
and
we got NOTHING for it
he claimed he was borrowing $7 Trillion for “shovel ready infrastructure projects” but later was forced to admit there had been no new jobs, projects
so where did he hide our stolen money???????????? DJT should investigate and get it back for us!
Yep, hell just on a mathematical basis alone it is 8%, see Deficit.
Well, I will give you that. But it’s not the fact that we don’t have a balanced budget that’s doing it.
It’s economics and inflation, not the ‘budget.’
And, I know what you mean. I take care of my elderly Dad (fixed low-income) and I’ve FINALLY gotten him into some programs at the state level that will help us with some of his medical and home care needs.
For the first time in YEARS, last month I didn’t have to use my own $ to buy him groceries.
I’m not saying it’s all Skittles and Rainbows, but it’s not due to a budget. Our, ‘government’ has been running on fumes for decades, now.
But if those EBT cards ever stop working, or the SS checks don’t get deposited - LOOK OUT! ;)
Obama called Bush a traitor when he raised the debt ceiling and then guffawed that it was just partisan politics when he went and did the same.
####!!!!
Why would you say that?!?!?
I wasn’t even going to check to see if someone else had put it up!
Good thing I did :(
Maybe it’s not as uncommon a response to this insanity as I thought it was.
FDR said it was OK because we just owed it to ourselves. (And damn near the rest of thee world it turns out)
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