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Deficit at $3 trillion
Debt Clock .org ^ | 3/6/22

Posted on 03/06/2022 3:20:40 PM PST by fhayek

$7 trillion - $4 trillion


TOPICS:
KEYWORDS: deficit
This is a vanity, of sorts, I guess. Sometime in the next half hour, the Federal Budget deficit (actual) will top $3 trillion (if you believe US Debt Clock.org). I am old enough to remember when this was a topic of some consternation.

Ronald Reagan used to talk about it. As a frame of reference, the total cost of the federal budget for Ronald Reagan's entire first term was just a tad over $3 trillion. This is the deficit for this year alone.

So, click on the website, pop the cork off your favorite beverage, and have a hearty, sardonic, maniacal laugh along with me as we watch the odometer turn over. It's not like we can do anything else about it.

1 posted on 03/06/2022 3:20:40 PM PST by fhayek
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To: fhayek

It’s transitory. Or something.


2 posted on 03/06/2022 3:23:15 PM PST by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
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To: SaveFerris

That makes me feel better...


3 posted on 03/06/2022 3:25:15 PM PST by fhayek
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To: fhayek

The idiots in our government are spending us into failure. Totalitarianism is what happens after the financial collapse.


4 posted on 03/06/2022 3:26:08 PM PST by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: fhayek

Exactly! 😜


5 posted on 03/06/2022 3:26:14 PM PST by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
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To: fhayek

Don’t worry the dollar won’t be worth a rouble after Brandon gets done.


6 posted on 03/06/2022 3:28:42 PM PST by Rightwing Conspiratr1
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To: fhayek

I remember Reagan creating the Misery Index as a way to pound Carter. I think it was the addition of the numbers for inflation and interest rates. That was a winning strategy for him at election time.


7 posted on 03/06/2022 3:35:21 PM PST by Preachin' (I stand with many voters who will never vote for a pro abortion candidate.)
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To: fhayek

Biden has a plan to tackle the budget deficit - more spending.


8 posted on 03/06/2022 3:38:59 PM PST by Yo-Yo (Is the /sarc tag really necessary?)
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To: Yo-Yo

$1 million to go!


9 posted on 03/06/2022 3:40:12 PM PST by fhayek
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To: fhayek

America’s empire is steadily going bankrupt.

As it goes bankrupt, its going to absolutely squash your political and property rights. Many people tied to the government and the empire (and there are A LOT of them) are going to declare you their enemy and cheer it on as it happens.


10 posted on 03/06/2022 3:40:44 PM PST by PGR88
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To: All

Quick give some more money to Ukraine !


11 posted on 03/06/2022 3:42:31 PM PST by escapefromboston (Free Chauvin)
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To: PGR88

“As it goes bankrupt, its going to absolutely squash your political and property rights. Many people tied to the government and the empire (and there are A LOT of them) are going to declare you their enemy and cheer it on as it happens.”

About 20 trillion sits in IRA’s and 401K plans — the retirement savings of individual American working people. That nest egg is going to soon become very attractive to a government on the edge of bankruptcy.


12 posted on 03/06/2022 4:15:13 PM PST by Soul of the South (The past is gone and cannot be changed. Tomorrow can be a better day if we work on it.)
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To: joma89

This is being done on purpose. You cannot have the “Great Reset” with the dollar as the reserve currency tied to the United States.

They have to tank us to remake the world as the Davos crowd wants.....

PS - our government spending is criminal. It is generational theft and an illegal tax through inflation.


13 posted on 03/06/2022 4:25:06 PM PST by volunbeer (Find the truth and accept it - anything else is delusional)
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To: PGR88

people tied to the government and the empire (and there are A LOT of them) are going to declare you their enemy and cheer it on as it happens.


This is a pretty sweeping statement. I know a lot of people who work for the government who are very concerned about the fiscal insanity out of DC not because it impacts them (although it does and will) but what it is doing to their children and grandchildren.


14 posted on 03/06/2022 4:26:42 PM PST by volunbeer (Find the truth and accept it - anything else is delusional)
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To: fhayek

The sad part is no one cares.

Even on this site posts about the debt/deficit get only a handful of replies.

* Does the debt matter more than Ukraine? Yes
* Does the debt matter more than Covid/Vaccines? Yes
* Does the debt matter more than boys in women’s sports/ Yes

But all of those issues probably get a thousand posts than every one post on the debt.


15 posted on 03/06/2022 4:29:05 PM PST by Renfrew
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To: SaveFerris
"It’s transitory. Or something."

You know, that thing! Makes you yearn for a Republican president whose last full in office only added a paltry $3.1 trillion to the deficit. (sarcasm?)

16 posted on 03/06/2022 4:57:35 PM PST by buckalfa (America is the only nation where a person can be both fat and poor at the same time.)
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To: Renfrew

The key figure is the debt to annual GDP percentage.

Most experts who have studied this over time conclude that anything over 100% means that a currency “reset” will happen to a country—not if, just when....

The last number I saw is that we were at 130%.

The petrodollar is allowing the US to beat the odds—but the current decoupling of East and West is very close to ending it.


17 posted on 03/06/2022 5:02:31 PM PST by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: buckalfa

Yep


18 posted on 03/06/2022 6:01:45 PM PST by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
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