US Debt Is Now $23 Trillion And Climbing

[AzogtheDefiler]

We just need logical people in charge.

Well that leaves out the Republicans in the Congress then...or Trump and the clowns he has surrounded himself with

It leaves assholes who support BDS like you out, Herr Lesh.

 

[Wyatt earp]

Today's Republicans are nothing more than the Democratic party lite. They spend like a slightly less drunken sailor. In this area Trump is no different than Obama.

By the way this sites search function is amazing. You have been a member since 2011 but when doing a search for topics about debt, you only seem to comment about the debt accumulated by Republicans and not one word about Democrats or Obama which makes you a partisan hack.

While Obama's deficits were bad, a substantial part of those deficits came from the great recession that he inherited from Bush. In 2016 Obama's deficits were bad, but at least reasonable at ~ $580B, Trump has blown that up and when the next crash comes the deficit will explode to $2+T/yr. Recessions cause a massive loss in tax revenue, and usually require stimulus (increased deficit spending).

It's not Trump. He just signed the bills.

It's the GOP hypocrites.

This is a REPUBLICAN thing

When are people going to catch on?

They do this EVERY time

why do you pretend that Trump is not a Repub?

View attachment 288832

He is not a traditional Republican. He spends like a drunken sailor for one and he is against free trade. He is more nationalist imo than GOP.

Spending like a drunken sailor is traditional republican at this point. Reagan tripled the debt and is the godfather of big deficits. Bush ruined a balanced budget. Trump increased Obama deficits....

Once again Nancy controles the purse strings

 

[The Banker]

When the GOP took over Congress in January 2015, the federal deficit was $439 billion. They immediately set to work doubling it.

Budget deficit smashes $1 trillion mark, the highest in seven years

When Trump was sworn in, the federal debt was $19.9 trillion.

As of this moment:

Trump: I will eliminate U.S. debt in 8 years


This past fiscal year, Trump spent more than anyone in the history of the Universe. He exceeded Obama's worst year of spending by a trillion dollars.

So much for being the party of small government.


Before you try to claim it isn't Trump's fault for some reason, you should know that I will find your posts where you blamed Obama for every penny of the debt accrued on his watch.

Before you try to say "Let me know when he's got more debt than Obama" bullshit hypocrisy, remember that you pseudocons started in on Obama's spending habit right at the beginning. You did not wait until he had beaten Bush's record.

So i guess all you're left with is to blame darkies and Muslims.

Who did we borrow it from?
Where did they get that much money?
Where did it go?

We borrowed it in the form of treasury bonds that people, countries, etc buy from us. They do auctions every Wednesday i think.

While Obama's deficits were bad, a substantial part of those deficits came from the great recession that he inherited from Bush. In 2016 Obama's deficits were bad, but at least reasonable at ~ $580B, Trump has blown that up and when the next crash comes the deficit will explode to $2+T/yr. Recessions cause a massive loss in tax revenue, and usually require stimulus (increased deficit spending).

It's not Trump. He just signed the bills.

It's the GOP hypocrites.

This is a REPUBLICAN thing

When are people going to catch on?

They do this EVERY time

why do you pretend that Trump is not a Repub?

View attachment 288832

He is not a traditional Republican. He spends like a drunken sailor for one and he is against free trade. He is more nationalist imo than GOP.

Spending like a drunken sailor is traditional republican at this point. Reagan tripled the debt and is the godfather of big deficits. Bush ruined a balanced budget. Trump increased Obama deficits....

Once again Nancy controles the purse strings

And the senate and Trump have to sign off on any budget so your point being what exactly, that our spending is controlled by the GOP? We already knew that...

 

[Wyatt earp]

When the GOP took over Congress in January 2015, the federal deficit was $439 billion. They immediately set to work doubling it.

Budget deficit smashes $1 trillion mark, the highest in seven years

When Trump was sworn in, the federal debt was $19.9 trillion.

As of this moment:

Trump: I will eliminate U.S. debt in 8 years


This past fiscal year, Trump spent more than anyone in the history of the Universe. He exceeded Obama's worst year of spending by a trillion dollars.

So much for being the party of small government.


Before you try to claim it isn't Trump's fault for some reason, you should know that I will find your posts where you blamed Obama for every penny of the debt accrued on his watch.

Before you try to say "Let me know when he's got more debt than Obama" bullshit hypocrisy, remember that you pseudocons started in on Obama's spending habit right at the beginning. You did not wait until he had beaten Bush's record.

So i guess all you're left with is to blame darkies and Muslims.

Who did we borrow it from?
Where did they get that much money?
Where did it go?

We borrowed it in the form of treasury bonds that people, countries, etc buy from us. They do auctions every Wednesday i think.

It's not Trump. He just signed the bills.

It's the GOP hypocrites.

This is a REPUBLICAN thing

When are people going to catch on?

They do this EVERY time

why do you pretend that Trump is not a Repub?

View attachment 288832

He is not a traditional Republican. He spends like a drunken sailor for one and he is against free trade. He is more nationalist imo than GOP.

Spending like a drunken sailor is traditional republican at this point. Reagan tripled the debt and is the godfather of big deficits. Bush ruined a balanced budget. Trump increased Obama deficits....

Once again Nancy controles the purse strings

And the senate and Trump have to sign off on any budget so your point being what exactly, that our spending is controlled by the GOP? We already knew that...

They do auctions every Wednesday i think.



Their you go thinking again ..

 

[Wyatt earp]

So you morons ever figure out where the magic negro came up with 20 trillion dollars we didnt have to pay interest on?

 

[Natural Citizen]

We borrowed it in the form of treasury bonds that people, countries, etc buy from us. They do auctions every Wednesday i think.

Treasury bonds happen to be our national debt. The Treasury borrows 'currency' by issuing a bond. The Treasury then holds a bond auction. Then the world's largest banks show up to compete to buy part of our national debt and make a profit on it by earning interest.

Through a shell game called 'open market operations', the banks get to sell some of those bonds to the Federal Reserve, at a profit.

Now. How does the Federal Reserve pay for the bonds? The Federal Reserve opens its 'checkbook' and writes bad, bogus, counterfeit checks that should bounce because they're drawn on an account that has nothing in it. They're creating 'currency'. Which is different than 'money.' Real money has to be a store of value.

Of course, when you or I write a check, the money has to be in there. Right? To steal a quote from the Boston Federal Reserve's ''Putting it Simply", they say that ''When you or I write a check, there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check, there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating ''money.” The Federal Reserve then hands those checks to the banks and at this point ''currency'' springs into existence. The banks then take that ''currency'' and buy more bonds at the next Treasury auction.

That's how it works.

 

[Harpy Eagle]

Spending like a drunken sailor is traditional republican at this point. Reagan tripled the debt and is the godfather of big deficits. Bush ruined a balanced budget. Trump increased Obama deficits....

Once again Nancy controles the purse strings[/QUOTE]

This is a lie. Nancy only gets to spend it after Trump and the GOP Senate give her permission.

 

[Natural Citizen]

And in case anyone hasn't noticed, other countries are starting to buy gold. Ahem.

 

[Lesh]

We just need logical people in charge.

Well that leaves out the Republicans in the Congress then...or Trump and the clowns he has surrounded himself with

It leaves assholes who support BDS like you out, Herr Lesh.

Try to follow the thread asshole

 

[Persistence Of Memory]

Why should we worry about deficits, crumbling infrastructure, run away spending?? We have an impeachment going on these last 3 yrs and it needs 101% of our attention. Screw those other mundane issues.

 

[Brain357]

Economics is foreign to you eh? We can grow out of debt with a balanced budget.

Lol
Not a 20+ trillion one... dumbass

Not so good at math either eh? Yes even a 20+ trillion debt. It is funny how one of the dumbest on the board constantly name calls. Look in the mirror kid.

Lol
Actually the debt is more like 125+ Trillion if you take an account unfunded liabilities and other fucked up socialist entitlement shit...

No we fucked ourselves in the 40s and 50s to begin with… Socialist entitlement programs cost far more than all other things combined. And At best a diminishing return… there should be no debt to begin with.

Debt didn't really explode till the 80s. Some debt isn't a problem. We are well beyond that however.

Thank GWB for that.

He really fucked us.

I am conservative and didn't like that moron from the day he took office.

Sad thing was I liked Gore even less....

Hard to imagine Gore doing a worse job.

I liked Bush at first. But it was his performance that made me an independent.

 

[Brain357]

why do you pretend that Trump is not a Repub?

View attachment 288832

He is not a traditional Republican. He spends like a drunken sailor for one and he is against free trade. He is more nationalist imo than GOP.

Spending like a drunken sailor is traditional republican at this point. Reagan tripled the debt and is the godfather of big deficits. Bush ruined a balanced budget. Trump increased Obama deficits....

Boom! Debt is irrelevant to politicians and voters

Hey I vote and it matters to me. It mattered to some republicans when they could blame Obama. We need another Perot to make it a big issue again.

We just need logical people in charge.

That is something we can agree on.

 

[Blackrook]

Ronald Reagan tried to cut the budget but the Democrats always said his budgets were "dead on arrival." They even had some asshole on a gurney roll in to prove it. What assholes Democrats are.

 

[BrokeLoser]

Why should we worry about deficits, crumbling infrastructure, run away spending?? We have an impeachment going on these last 3 yrs and it needs 101% of our attention. Screw those other mundane issues.

Yep, unwinding a national election and busting their asses for Mexico’s finest have been paramount...they have no time to work for Americans on issues that matter.

 

[Persistence Of Memory]

Why should we worry about deficits, crumbling infrastructure, run away spending?? We have an impeachment going on these last 3 yrs and it needs 101% of our attention. Screw those other mundane issues.

Yep, unwinding a national election and busting their asses for Mexico’s finest have been paramount...they have no time to work for Americans on issues that matter.

This past 3 yrs was necessary to expose this festering boil of a Deep State and these absolute corrupt human beings. Puss will be oozing out endlessly.
Maybe Nuremberg will be a good place for the trial

 

[Brain357]

Ronald Reagan tried to cut the budget but the Democrats always said his budgets were "dead on arrival." They even had some asshole on a gurney roll in to prove it. What assholes Democrats are.

Reagan did the same cut taxes and claim the cuts will pay for themselves. Bush grew debt the same way and Trump grew debt the same way. I assume repubs will do it again sometime too as they don't seem to learn. We need another Ross Perot soon.

 

[AzogtheDefiler]

We just need logical people in charge.

Well that leaves out the Republicans in the Congress then...or Trump and the clowns he has surrounded himself with

It leaves assholes who support BDS like you out, Herr Lesh.

Try to follow the thread asshole

You responded to me. In the future do not. I hate Your partisan group think.

 

[Wyatt earp]

Spending like a drunken sailor is traditional republican at this point. Reagan tripled the debt and is the godfather of big deficits. Bush ruined a balanced budget. Trump increased Obama deficits....

Once again Nancy controles the purse strings

This is a lie. Nancy only gets to spend it after Trump and the GOP Senate give her permission.[/QUOTE]


Nancy gave me permission to fuck her up the ass..you agree with that XXXX?

 

[Sun Devil 92]

Lol
Not a 20+ trillion one... dumbass

Not so good at math either eh? Yes even a 20+ trillion debt. It is funny how one of the dumbest on the board constantly name calls. Look in the mirror kid.

Lol
Actually the debt is more like 125+ Trillion if you take an account unfunded liabilities and other fucked up socialist entitlement shit...

No we fucked ourselves in the 40s and 50s to begin with… Socialist entitlement programs cost far more than all other things combined. And At best a diminishing return… there should be no debt to begin with.

Debt didn't really explode till the 80s. Some debt isn't a problem. We are well beyond that however.

Thank GWB for that.

He really fucked us.

I am conservative and didn't like that moron from the day he took office.

Sad thing was I liked Gore even less....

Hard to imagine Gore doing a worse job.

I liked Bush at first. But it was his performance that made me an independent.

Why ?

I thought he was a moron from the start.

 

[XponentialChaos]

Your an idiot too stupid to even understand that you are arguing in a different context than I. It is more important for you to think you are right and everyone else wrong than to understand we are both saying the same thing from to different contexts. Fuck off, moron, I'm a retired engineer who used to TUTOR others in higher math!
Obama raised the national debt 189% what is was when he took office.

Damn, did you have to give them a refund after they all failed since you do not even understand basic math?

I am a currently employed statistician, I know what the fuck I am talking about.

He did not raise the national debt 189%. To raise it 100% means to double it, I have explained this to you and given you damn near a dozen sources that back me up.

He raised it by $8.588 trillion if you count budget year to budget year. That is a rise of 74% over where he started.

Wrong again snowflake. Now you are twisting my words. You either cannot read, understand or have some other cgnitive issue. Go take a chill pill.

What a train-wreck. You're completely wrong and you REALLY need to look over the links that he's providing you with.

If you're a retired engineer, then you should be able to understand basic algebra. Either you're too defensive to think objectively, or you're just putting up a front to pretend you're not wrong. Either way...complete train-wreck and you're just digging the hole deeper every time you respond.

Here are some links. The concept is well-documented and it's not difficult to understand.

Growing by a percentage

Percentage Increase Calculator