Posted on 09/20/2023 6:48:30 AM PDT by zeestephen
The debt, which equals the amount of money borrowed by the federal government to cover operating expenses, hit $33.04 trillion Monday, according to the Treasury Department. A roughly 50% increase in federal spending between fiscal 2019 and fiscal 2021 contributed to the debt topping $33 trillion, the department said.
(Excerpt) Read more at cnbc.com ...
Our GDP in 2022 was $25.5 trillion.
$50 trillion around the corner. $100 trillion not far off.
Total collapse when?
Feckless, incompetent idiots in DC.
Yee Haw! Meanwhile, the Ukraine’s national debt has dropped to zero.
....And it will hit $34 trillion by early next spring, and $35 trillion by next autumn
We can go on with these “hits $XXX for the first” time articles forever, because the debt only goes in one direction
We should mirror their success. /s
What we need is a good, long World War; 5-10 years, tops.
That’ll distract those darn Taxpayers who complain about the National Debt!
*SPIT*
Do the university young voters approve of this? Do they realize what is ahead for them?
No they don’t know what the head for them.
All of us of a certain older age, ask yourself ,how much did you think about the national debt when you were 21 years old?
I think most people, not just younger people ,do not understand the ramifications of us running up such huge debt and deficits.
On some previous threads about this subject, some people here on Free Republic said the government is simply going to sell bonds to cover Social Security and Medicare shortfalls.
These would supposedly be bonds where the proceeds are earmarked specifically for Social Security and Medicare.
But even if that happens, those bonds would still have to be sold in the financial markets, just like our ongoing treasury bills and other debt instruments are sold.
McCarthy needs to be removed from the Speakership, stripped of all power - no committees. Real conservatives need to get in his eff face every day and abuse the crap out of him. He’s nothing more than Frank Luntz’s butt boy. Gawd, I can’t stand faggot cowards.
Unfunded liabilities alone is over $80 Trillion.
That’s pretty much un-payable.
What could possibly go wrong?
Funny thing. Last night Phil Godlewski put up a video on rumble where he produced a collection of documents someone gave him purporting to show where the OMS (Office of Military Settlements )transferred $21 trillion to the Office of fiscal management in 2017 to pay off the debt shortly after Trump took office. Besides the documents there are supporting letters and emails.
I was in the banking and mortgage industry for 30 years and honestly I can’t totally dismiss it. My best friend is a closing attorney and she’s going to take a look at it this evening and let me know what she thinks.
If anybody here has an international banking background go take a look and let me know what you think.
Depression flags hoisted hang on.
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