DEFAULTED: Evening Nets Ignore National Debt Topping $33 Trillion for Two Days

NewsBusters ^ | 9/20/2023 | Joseph Vazquez

[JV3MRC]

The ABC, CBS and NBC evening news shows once again proved why the American people should treat their coverage of President Joe Biden’s economy like the deceptive propaganda that it is.

The U.S. national debt reached a scary milestone when it surged over a whopping $33 trillion, The New York Times reported Sept. 18 based on newly available Treasury Department data. The development ironically comes amidst left-wing media outlets like The Times bashing House Republicans for daring to push for deep cuts in wasteful government spending. To put this into perspective, the new daunting figure means that “every household in the U.S.” is on the hook for $251,862 in debt each, according to Just Facts. In addition, the $33 trillion debt is "6.7 times annual federal revenues" and accounts for a ridiculous 126 percent of annual U.S. economic output. But it gets even worse. One estimate suggested that if one were to count a dollar every second, it would take 31,688 years just to reach $1 trillion. If one were to count to $33 trillion using the same methodology, it would take roughly 1,045,704 years to reach the amount of debt the U.S. managed to accumulate.

In retrospect, the new Treasury data showed that the national debt officially crossed the $33 trillion threshold on Friday Sept. 15. ABC World News Tonight, CBS Evening News and NBC Nightly News ignored the entire story in a gross display of journalistic irresponsibility during their Sept. 18 and Sept. 19 broadcasts. The networks didn’t even so much as hint at the reality that the U.S. would be hitting another historic debt record during their Sept. 15 broadcasts. Talk about the Big Three defaulting on their debt to report the news to the public.

[Theoria]

R’s and D’s have been ignoring the debt for decades anyway.

[Dilbert San Diego]

The leftists will portray any attempt to cut any government spending, as taking food out of the mouth of poor people , and throwing granny off the cliff.

I wonder how this country would be if we had any semblance of a fair and balanced media. We are put in the position where Republicans and conservatives are always the bad guys.

whether it’s pending government shutdowns , or attempts to cut back government spending, media reports will be that evil Republicans want to take away food amd medicine, and throw granny off the cliff.

[NWFree]

I was just sure fake news would finally tell the truth about their butt buddy President Retard

[ClearCase_guy]

The US government basically borrows money from the Federal Reserve (a private company) which gives the US government permission to runs its printing presses over at the Treasury Dept. The Fed says the government can print $1T and *poof* a trillion dollars comes into existence. BUT we need to pay interest on that. So that pile of a trillion dollars is already insufficent. We need something like $1.1T to pay off that debt. That's $100B that we don't have. Where can we get it? Oh, I know -- The Fed. We'll just go and borrow more money. But then we have to pay interest on that too. It never ends.

What we should do (and what governments have done in the past) is simply run the printing presses in a somewhat judicious manner. Don't borrow. Don't pay back. Kill the Fed. Just print money that you need and that's it.

I guess people worry that if we can just "run the presses" then we would print "too much money". Well, the current method has printed $33T too much. So how well is that working??

Currently, we pay $800B a year in interest because we do not follow the strategy in my second paragraph.

[DuncanWaring]

The National Debt passed $32 trillion on 15 June.

The National Debt passed $33 trillion on 15 Sept.

A terabuck in three months.

That’s above and beyond tax receipts.

[AbolishCSEU]

Helloooooo skyrocketing inflation...

[blackdog]

Government media outlets........

[Levy78]

People still watch this Pravda garbage?

[BenLurkin]

What comes after a Trillion?

[frank ballenger]

Some custodian keeps emptying the waste baskets at the editor’s office with crumpled up stories “Hunter Biden evidence mounts” “Biden rages and incoherent outbursts alarm White House staff” “economy shows definite signs of recession on the way.”🗑️🗑️

Story accepted: “We’re All Eating More Avocados.”🥑🥑

[Rural_Michigan]

33. It’s the magic number

[dragnet2]

But Ukraine and other foreign countries need more of our money!

[Fai Mao]

Tax every Democrat Billionaire at 11o%.

[SaveFerris]

[The ABC, CBS and NBC evening news shows once again proved why the American people should treat their coverage of President Joe Biden’s economy like the deceptive propaganda that it is.]

[SaveFerris]

[]What comes after a Trillion?]

Weimar Republic?

Zimbabwe?

[dragnet2]

The government could seize what is left of America’s 401ks to help pay for the governments complete mismanagement of everything, with a promise to pay it all back within 5 years..

[SaveFerris]

[The National Debt passed $32 trillion on 15 June.

The National Debt passed $33 trillion on 15 Sept.

A terabuck in three months.

That’s above and beyond tax receipts.]

That’s probably why American Globalist Branch Members want The Great Reset and Population Reduction. /shiny side out

[Nextrush]

I read about in on TASS and told my father who relies on the MSM for news about it.

[Nextrush]

Ironically this story was carried by TASS.