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US national debt surpasses $31 trillion for first time
Epoch Times ^
| October 04, 2022 06:16 PM
| by Brady Knox, Breaking News Reporter |
Posted on 10/05/2022 5:30:23 AM PDT by Red Badger
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That is 31,000 BILLION dollars.........................................................
To: Red Badger
A trillion here, a trillion there ... pretty soon you’re talking real money.
2
posted on
10/05/2022 5:31:16 AM PDT
by
ClearCase_guy
(We are already in a revolutionary period, and the Rule of Law means nothing. )
To: ClearCase_guy
A trillion here, a trillion there...
So, you're making moves on your own eh Tony?
3
posted on
10/05/2022 5:34:50 AM PDT
by
know.your.why
(If you dont watch the MSM you are uninformed. If you do watch the MSM you are misinformed.)
To: Red Badger
For every 1% increase in the Fed rate, it means $310 billion dollars per year in additional interest payments. Now, that isn’t going to happen tomorrow—but as the government rolls their debt it will accumulate.
And the Fed rate has gone up a lot in the part 15 months.
It will happen slowly…then all at once.
To: Red Badger
U.S. of Brandon.
Brandon bless us all.
In Brandon we Trust.
Don’t forget to give tilth to Brandon.
5
posted on
10/05/2022 5:36:50 AM PDT
by
Leep
(Hillary will NEVER be president! 😁)
To: Red Badger
Good going Brandon! Your name is on these two major “milestones”...and you did it before half way through your term. Something’s gotta give.
6
posted on
10/05/2022 5:41:40 AM PDT
by
know.your.why
(If you dont watch the MSM you are uninformed. If you do watch the MSM you are misinformed.)
To: Vermont Lt
It’s the same as buying a new car, then trading it in next year for another new car without paying off the loan for the first new car. They just roll that debt into the cost of the newer car.
Then doing it again the next year, and the next and the next, ad infinitum.
The only problem is that banks and loan companies will not do that more that once or twice, since the cost of the loan will out pace the value of the car.
I had a friend do this for three new cars and he wound up owing more in previous loan rollovers than the car costed and he eventually had to declare bankruptcy.
The only brake the Congress has is the voters, and the Dem voters are financially ignorant morons...................
7
posted on
10/05/2022 5:44:11 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: ClearCase_guy
It seems like just yesterday that we past 20 trillion.
8
posted on
10/05/2022 5:45:17 AM PDT
by
Opinionated Blowhard
(When the people find that they can vote themselves money, that will herald the end of the republic.)
To: Red Badger
Woohoo!! 🎉🎉🎉
Now add in unfunded liabilities!!
Time for World War III and the Great Reset?
9
posted on
10/05/2022 5:50:25 AM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: Red Badger
(SOARING INTEREST RATES MEAN DEBT RECKONING COULD COME YEARS SOONER THAN THOUGHT)
We’ll move even faster from here on out.
10
posted on
10/05/2022 5:52:07 AM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: SaveFerris
Now you know why they are pouring gasoline onto the Inflation flames.
Inflate their way out of debt.
They do it every time..........................
11
posted on
10/05/2022 5:55:25 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Red Badger
It might as well be $60 trillion it can never be repaid. It won’t be repaid. Their plan is to crash the system and just start a new one.
12
posted on
10/05/2022 6:05:42 AM PDT
by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
To: Red Badger
OPEC+ is talking about dropping production 1-2M bpd and the Biden admin is talking about enacting an export ban on energy. SPR has less than a month’s supply.
Winter is coming...
13
posted on
10/05/2022 6:10:30 AM PDT
by
mac_truck
(aide toi et dieu t'aidera )
To: Red Badger
It’s also why there’s a push for World War III/IV?
I think the West knows there’s no way out of this economic time bomb and it’s going to be epic when it finally blows.
14
posted on
10/05/2022 6:14:55 AM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: SaveFerris
15
posted on
10/05/2022 6:16:40 AM PDT
by
Pollard
(Worm & GMO Free - some call us purebloods)
To: Pollard
Wow just crossed over 171 not that long ago.
16
posted on
10/05/2022 6:19:55 AM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: SaveFerris
Yup —> $200 Trillion.....
17
posted on
10/05/2022 6:29:04 AM PDT
by
4Liberty
(On Jan 6th: Trump’s OWN F.B.I. plotted against him.)
To: Red Badger
In the first 224 years, we spent 5.5 Trillion more than we took in. In the last 22 fiscal years, we have spent 25.5 Trillion more than we took in.
When the Great Reckoning comes, every career politician involved in destroying this country needs to pay. Every one of them.
18
posted on
10/05/2022 6:34:55 AM PDT
by
Bernard
(“the rights of man come not from the generosity of the state but from the hand of God." JFK 1-20-61)
To: Red Badger
$32 Trillion is probably only months away.
19
posted on
10/05/2022 6:37:58 AM PDT
by
PGR88
To: Red Badger
no need to worry until it hits a Quadrillion!
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