Politics National Debt Passes $22 Trillion For First Time

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A4C82F79-0B07-4E51-B6DB-D3B9FF31366C.jpeg That’s what the national debt does, it goes up. The last 40 years worth of losers we’ve had in office haven’t done anything to change that trend. It’s almost as if we have a federal reserve monetary system that keeps us in perpetual debt by design...
 
$1,000,000,000,000 is less than the yearly interest on the debt Trump inherited from Obama, so in fact in his first 2 years Trump has reduced the deficit roughly $2.500,000,000,000, since taking office but the interest alone on Obama's debt is nearly $2,000,000,000,000 per year.

This is what is known as "insurmountable debt".
 
The trillion in 11 months was mostly for military applications...and this didn't start with Obama...it started with Dick Cheney...complicated by Trump's cold wars with China and Europe and Canada and Latin America...under Trump Russia and China have stepped up military escalation....the full brunt of Trump's bluster is coming....Trump is paying farmers to lose their markets...see how that ends.
 
MARIS61 said:
$1,000,000,000,000 is less than the yearly interest on the debt Trump inherited from Obama, so in fact in his first 2 years Trump has reduced the deficit roughly $2.500,000,000,000, since taking office but the interest alone on Obama's debt is nearly $2,000,000,000,000 per year.

This is what is known as "insurmountable debt".
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Your post is a gushing geyser of misinformation and outright bullshit.

The interest on the national debt currently is less than $400B. Not a trivial sum, but only 20% of what you claimed.

Additionally, Trump has not reduced the deficit, he has increased it.

barfo
 
barfo said:
Your post is a gushing geyser of misinformation and outright bullshit.

The interest on the national debt currently is less than $400B. Not a trivial sum, but only 20% of what you claimed.

Additionally, Trump has not reduced the deficit, he has increased it.

barfo
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I rounded out the numbers but am closer than your ridiculous drivel. If the Dems don't spend any more money, which they will, and they don't obstruct Trump's economic improvements, which they will, interest alone will cost $7 trillion over the next ten years.

https://www.marketwatch.com/story/us-national-debt-tops-22-trillion-for-the-first-time-2019-02-12
 
MARIS61 said:
I rounded out the numbers but am closer than your ridiculous drivel.
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No, you made up numbers, which were not at all close to reality.

If the Dems don't spend any more money, which they will
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Dems can't spend any money without Trump and the Republicans agreeing to it.

, and they don't obstruct Trump's economic improvements, which they will, interest alone will cost $7 trillion over the next ten years.
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Wait, I thought you said it was $2T per year?

barfo
 
barfo said:
No, you made up numbers, which were not at all close to reality.



Dems can't spend any money without Trump and the Republicans agreeing to it.



Wait, I thought you said it was $2T per year?

barfo
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#alt-trump-speak-math We build 50 miles of fence for 400mil so 100 miles should be about 27 billion...I've been doing this building thingy for a long time folks being a stable genius that I should be but never am recognized for in all my greatness by the totally sadly FAKE news believe me, I know how these things work. I own lots of steel and coal stocks...during my presidency we're going to use LOTS of steel and coal!
 
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Road Ratt said:
This is what 40 years of two party corruption gets ya.
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A good try at rewording "Both sides do it." I used to tell Denny every time this came up...

At the end of the Clinton Administration, the nation was running in the black, a surplus not a deficit, every year. All forecasts said we'd have no debt by 8 years later. Then in 2001, Republicans took power, and enacted a gigantic tax cut for the rich to take advantage of this surplus.
 
MARIS61 said:
$1,000,000,000,000 is less than the yearly interest on the debt Trump inherited from Obama, so in fact in his first 2 years Trump has reduced the deficit roughly $2.500,000,000,000, since taking office but the interest alone on Obama's debt is nearly $2,000,000,000,000 per year.

This is what is known as "insurmountable debt".
Click to expand...
Republican math at it's finest. Dishonest.
 
MARIS61 said:
$1,000,000,000,000 is less than the yearly interest on the debt Trump inherited from Obama, so in fact in his first 2 years Trump has reduced the deficit roughly $2.500,000,000,000, since taking office but the interest alone on Obama's debt is nearly $2,000,000,000,000 per year.

This is what is known as "insurmountable debt".
Click to expand...
Ha ha ha ha
 
jlprk said:
A good try at rewording "Both sides do it." I used to tell Denny every time this came up...

At the end of the Clinton Administration, the nation was running in the black, a surplus not a deficit, every year. All forecasts said we'd have no debt by 8 years later. Then in 2001, Republicans took power, and enacted a gigantic tax cut for the rich to take advantage of this surplus.
Click to expand...

I was just making a point on how both parties are corruptly working for Wall street rather than Main street, this is true of every president beyond Jimmy Carter. It is why America is in the shape that it is in now.

People can argue over which side did more damage, or which side is more corrupt, etc. . The fact still remains that both parties brought us to this point, they did little to slow, halt or reverse the national debt. In fact, according to the graph posted above, our national debt has only skyrocketed in recent years.

In reality our congressional politicians really aren't this freaking inept, they know what they are doing. Their greed to share in their donors wealth is putting our country in deep debt and our democracy in danger.
 
jlprk said:
A good try at rewording "Both sides do it." I used to tell Denny every time this came up...

At the end of the Clinton Administration, the nation was running in the black, a surplus not a deficit, every year. All forecasts said we'd have no debt by 8 years later. Then in 2001, Republicans took power, and enacted a gigantic tax cut for the rich to take advantage of this surplus.
Click to expand...
Then what happened?
 
jonnyboy said:
Then what happened?
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Then instead of being $22T in the black in 2019, the U.S. government is $22T in the red, paying interest to Chinese creditor banks by selling them property and companies in the U.S.

But hey, consider the silver lining this debt affords. We have the world's biggest rich class per capita, biggest prison class per capita, and we start all the wars in the world.
 
Clearly, we have had lug heads running our financial system for years. 200wMC4AHPPHcrash cdummy .gif
 
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