Posted on 03/13/2025 5:52:19 AM PDT by Red Badger
Reminder: the Dims told us over and over and over that Clinton deserves credit for balancing the budget. But these numbers show the debt increasing during the 1990’s. Just sayin’.
It took 211 years as a nation (until 1987) to accrue total U.S. government debt of $2.4 trillion.
Now we add $2.4 trillion to the government debt EVERY freaking year.
Balancing the Budget merely indicates that the Spending and Income are approximately equal.
The National Debt would keep growing because of interest and sales of Bonds...............
And the last time the national debt actually decreased was 1957. Hey, it’s only money.
I saw that too. Lies all around.
Sh!+ is cray cray.
Things are bad but remember none of thes figures are adjusted for inflation.
This is the real hockeystick.
No fake formulas needed. Just pure unadulterated contempt for future Americans.
It started in 2008, when government decided banks and car companies had to be propped up, and the attack on the people went on steroids in 2000.
2020*
Thirty Five TRILLION
Is
Thirty Five Thousand BILLION..............
Is
Thirty Five MILLION MILLION.............
When one couples in corporate debt, credit card debt, and all other streams of government debt from cities, counties, school districts and states, it seems too many have become addicted to thinking debt is a "manageable" thing. It is a cancer, in the long run.
The comments so far on this thread indicate we are a company of people with ever more growing awareness of this.
The Debt cannot be left to keep growing.
The day of reckoning must come, and it will, whether we want it to or not.................
Agreed. It is a stunningly simple math problem placed in front of so many innumerate people these days.
Personally, I expect some form of collapse, and given the state of debt all across the world, it will be an interlocking collapse, probably an abrogation of debt which will find the massively wealthy most affected. The average Joe with no debt will be comparatively unaffected.
That is exactly what will happen.
The rich and powerful will fall from the highest point to the lowest.
The poor and and the powerless won’t fall anywhere because they are already at the bottom.............
House controls the purse - so it was Newt and Republicans that created last balanced budget (not Clinton) - and it was the Reagan peace dividend that made it possible.
Since then, imbeciles have ruled the roost.
But loving Bessent as new Treas. Sec
On October 23, 1981, America’s national debt crossed the $1 trillion mark. It was an unprecedented, staggering, and earth-shattering figure. President Reagan was merely nine months into his presidency, presiding over an economy in turmoil after years of the reckless “reluctant Keynesian” economic policies of the preceding Carter Administration.
https://budget.house.gov/press-release/not-so-happy-anniversary-forty-two-years-ago-today-the-national-debt-crosses-the-1-trillion-mark
Reagan Sets $1-Trillion Budget Plan : Pledges to Battle Democrats Over Record Spending
By JAMES GERSTENZANG
Jan. 4, 1987 12 AM PT
https://www.latimes.com/archives/la-xpm-1987-01-04-mn-2058-story.html
“We don’t have a trillion-dollar budget because we haven’t taxed enough. We have a trillion-dollar debt because we spend too much.”
-Ronald Reagan
"He has filled the hungry with good things; and the rich he has sent empty away. "
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