But we can find $52 trillion for free health care. Trust us.
The difference is...the people got nothing.
How did they calc previous debt?
It’s not real money and will never be paid off.
One presumes that, at some point, there will be a day of reckoning. It is imperative that the economy keeps growing. Under Trump, the debt has been growing about 3% a year, while the economy grows maybe 2% a year. At a minimum, we need to flip those numbers.
Go ahead and triple it. At least. What difference does it make? /sarc
One big asteroid hit and we are debt free.
Of course, the Fake Media (including The Hill) had NO INTEREST in the increase in the national debt when the Kenyasian Usurper was in office. It's only now, that a Republican is in office, that the national debt matters.
The first thing Obama did as President is get Congress to pass a trillion dollar “stimulus” bill that went “poof” in a cloud of political correctness. No one knows where the money went.
JOHNSON SLASHES DEFICIT ESTIMATEThe national debt was $316 billion in 1964 (nominal dollars). That is equivalent to $5.2 trillion today (adjusting for inflation and population).
EDWIN L. DALE Jr.
Special to The New York Times
JAN. 7, 1964WASHINGTON, Jan. 6—President Johnson's budget will project a deficit of $6 billion to $7 billion, far less than had previously been expected, it was reliably reported today.
As recently as a month ago a deficit as high as $10 billion had seemed likely. Both figures allow for the effect of the proposed tax cut.
Two things have changed the picture. One is the President's success in reducing the spending figure in the budget from about $103 billion to about $100 billion. The other is a surge in receipts at the end of last year, which has led to an increase in the projection of receipts in the next budget.
Instead of about $92 billion, receipts are now reportedly estimated nearer to $94 billion, using the same conservative estimating procedures always employed.
The real Hockey Stick Graph.
I’m sure Moody’s, S&P, and Fitch are giving the US aaa ratings.
They learned their lesson during the O years not to downgrade.
Hi.
I’m sure Niv Elis and “The Hill” published a similar article about 0bama in 2014 when the Kenyan DOUBLED the national debt.
Oh wait...
F’em.
5.56mm
None of the politicians or elites have any intention of paying down the debt.
I bet they have contingency plans for other arrangements. Devalue the dollar, world currency, take over private pension plans
Or in other words the National debt is growing at less than a third of the rate it was due to Obama’s changes to the government. Let us hole he can hit a negative growth rate next term. He will at this rate if the Globalists don’t crash the world market to destroy Nationalism.
Pish posh. Fauxahontas needs $32T. What’s a measly $23T?
https://www.treasurydirect.gov/govt/reports/pd/debttothepenny.htm
6. But the grand nostrum will be a public debt,...
11. As soon as sufficient progress in the intended change shall have been made, and the public mind duly prepared according to the rules already laid down, it will be proper to venture on another and a bolder step toward a removal of the constitutional landmarks.
We have arrived.
https://famguardian.org/PublishedAuthors/Indiv/FreneauPhilip/freneau.htm
President Trump, after he wins 2020, might just be the right guy at the right time to announce a default on the debt and wipe the sorry slate clean; a purposeful and (hopefully) manageable world reboot.
And Congress just keeps on spending money that must come from people who will not be born for forty years.
Warren’s planning on spending $30 Trillion on ‘Medicare for All’... our total debt over many years is NOTHING compared to that...