Posted on 05/02/2025 9:07:55 AM PDT by Presbyterian Reporter
What is going on;
US DEBT CLOCK is posting $36.798 Trillion as of today.
GOV DEBT TO THE PENNY is posting $36.213 Trillion as of 4/30/25.
Link to DEBT CLOCK-— https://www.usdebtclock.org/index.html
Link to DEBT TO THE PENNY-— https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny
But we’ve still got money to make sure those Kansas City faggots are still able to live complete and fulfilling lives.
Over $100,000 for every man, woman, and child in the country.
Sounds awfully bankruptcy to me.
Who is this owed to? Beelzebub?
Americans have $64 trillion in banks/MMFs so we’ve got this covered. Send in your share today!
Why is there a difference?
Seventy-five percent of the national debt and all of the inflation Americans are having to deal with, is due to expenditures for welfare and entitlement payments to illegals as well as minorities. Payoff money so they won’t riot anymore and destroy white neighborhoods and lives. It’s the same policy that’s been in force since LBJ created The Great Society program in the 60’s. Designed to stop the race riots we were having. Just pay the bastards off, they will get so fat and happy they won’t dare attack us. Anybody remember Jesse Jackson’s “Rainbow Coalition”?
I have been concerned about this for decades. The thing to watch is Interest on the Debt. Watch these politicians squirm as interest rates rise and interest on the debt consumes the budget.
White House requests $557.4 billion for NON-defense discretionary spending, a 23% cut! Lowest spending since 2017. Domestic discretionary spending down about 35%!
Defense request, about $1 trillion, a 13% increase.
Overall spending down 7.6 trillion.
Well the good faith of the US Taxpayer has petered out...No nation has survived such debt as the Taxpayer for the most is barely getting by..Congress has no intention of cutting spending so what DOGE and Trump are doing is a blip on the radar and in the end will not stop the certain outcome. I personally see the United States breaking up into regional States to pool resources and a common defense...
1) Yes, it is $37 Trillion owed. Be aware tho 6T of that is owed to the Fed, who created money from nothingness to lend it to the US Govt. This was called QE and phrased considerably different than that sentence.
2) About 30% of the remaining $31T is owed foreign. And China is not even the largest of those lenders.
3) Are there assets to cover this? Not really. The holdings in money market funds and whatever mutual fund instruments are invested in Treasuries. If you tried to liquidate your MM fund to pay off the debt, a goodly chunk of that would be Treasuries you have to sell to raise that money — which equivalently adds to the debt, at least on the open market, since you are no longer a lender.
4) What about US land and minerals. Not worth anything if there are no buyers, and there are no buyers with $31T to spend, and expect it won’t be confiscated if need be.
From another perspective ... If you divide the $37 trillion debt by the number of WORKING people in the U.S., you come up with a per-capita Federal debt of about $225,000.
Do you want to know why young people can't afford to buy homes anymore? It's because a typical U.S. couple owes $450,000 in Federal debt -- which is like having a mortgage without a home to show for it.
The U.S. is effectively bankrupt.
$37 trillion in debt?
That’s just a number.
Nobody expects that it will be paid up or even paid down.
So, it’s just as significant as the moon causing waves on our oceans. Neither one can be prevented or downsized.
We can just look and be amazed by them.
The composite interest rate on the national debt is 3.4%. It’s not all 10 yr stuff. Some shorter and some longer. The long stuff was borrowed long enough ago to have near 0 interest rates. But of course that matures and gets rolled over at current, much high rates.
Anyway, getting the numbers right. There is $31Trillion paying interest ($6T on deposit at Fed, remnants of QE, and they refund interest to Treasury). X 0.34 and it’s about $1T, and will rise sharply upcoming as the new budget will not shrink the deficit, which adds to the debt — and that 3.4% is increasing simply because old debt rolls over and old debt was originally borrowed near 0%.
Nah, that doesn’t work . . . because of the debt ceiling. Even with a total GOP Congress, no one is suggesting it be cancelled forever.
So it is fought over periodically. And because it exists, its interest servicing cost is a demand on available free market sums. That is in the budget. The money to service the interest is itself borrowed and those borrowing demands increase the price of the product. Supply and demand. If you demand more borrowing, you pay higher price for it.
This is the definition of bond vigilantism, of course.
The value of all the goods and services and properties and land and businesses and bank accounts and stocks owned by Americans, is over a quadrillion dollars...
so, we’ve got that miniscule debt covered. ;)
“””The thing to watch is Interest on the Debt.”””
You make a good point. Instead of watching the DEBT continually increase, maybe we need to force the Treasury to post the INTEREST PAYMENTS on the debt each day.
“””The link to the treasury.gov link says the national debt is $36,213,557,195,810.65 - about $500,000,000,000 less than the clock.
Why is there a difference?”””
KANE at Citizens Free Press has a pretty huge audience.
He may have posted the debt clock just to let the Treasury dudes know that more than you and I have been looking at the discrepency.
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