Posted on 10/04/2022 1:50:44 PM PDT by Olog-hai
31trillon dollars!!
That would be a stack of fresh 100 dollar bills stacked 19,840 miles high. Yes miles.
Unbelievable and only our government could spend this much money.
Just imagine where it would be without all that Biden deficit reductions.
National debt of Russia, 410 billion. … 1.3-% of ours. And now you know why western bankers despise Putin. Nations willing to be leaders up with debt make them very happy. All wars are about money… every single one.
Not to worry.
The debt is now being reduced at the rate of 8+% per year
In 9 years per the rule of 72, it will be only 15 trillion in real $$$
Western bankers? Such as?
$31,000,000,000,000 created out of nothing and dumped into the American economy.
And people still wonder what causes inflation.
Don’t worry. Under Biden’s leadership, in a few years $31 trillion will barely buy a loaf of bread.
From the article:
“ President Biden has praised his administration for slowing the rate at which the government accumulates new debt.”
“You know, Republicans talk about being fiscally responsible,” Biden said in September. “Last year, I reduced the deficit $350 billion. You know how much this year, not counting the Medicaid changes? One trillion seven hundred billion dollars. So, I don’t want to hear it from Republicans about fiscal responsibility.”
I have no words.
Given the debt in 2000 was about 30 percent and now is multiple times that, the military adventures across the world have been exercises in starting AND losing wars, expending massive sums to be exploded, burned and especially "palmed" through corruption, and all with the approval of both parties' elites. Oddly these elite politicians have all become wealthier, while the ordinary American is under economic attack. Government has become ever more corrupt, and the mainstream and social media "serve" it to obfuscate and outright gaslight a public.
A sea change is coming, because it cannot be avoided.
Debt added by the last three presidents:
* Bush II - $5.8 trillion
* Obama - $8.6 trillion
* Trump - $6.7 trillion
If there is one area that Trump failed at it was controlling spending. He should have vetoed much more.
No debt reduction in August ($200 Billion deficit for the month), and 2022 FY YTD is also running a deficit ($946 Billion)...only “positive” months were Jan. & April:
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0822.pdf
Congress adds debt
The Bush figure should be corrected for inflation.
And gas has gone down 30 cents! Party like it’s 1999! /S
simple just print it on really thin paper and its much more managable
I don’t think cake walks and car washes are going to erase this debt. We gonna need Jo Jo the Pedophile Mother of all Cancelers to cancel all public debt for us too.
Aaaaaaaa nobody outside of this forum knows or cares.
He was right, and Daddy Bush sucked.
Yet you support Biden writing rubber checks to Zelenskyy?
The national debt is no longer worth debating.
The reason—we have entered the event horizon of the black hole of national default (which could equal a hyperinflationary blow-off).
The politicians can maneuver here and there but at the end day there is only one ending to this story.
There is nothing to talk about at this point.
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