National Debt

[The_Dude]

Public NUMBS as government DEBT BOMB explodes to $33T, annual budget DEFICIT approaches $2T

[6 Shooter]

💥 💥 💥

YouTube (Short URL)

https://www.usdebtclock.org/

[Don Rickles]

Print more.

[Egnalf]

its not real debt, and printing lots of dollars makes it easier to pay down.

[John E]

87,000 new agents! With loaded guns? Is that really, really true? A days wages for a quart of wheat... that part I know will be true.

[Raazor]

If you want to sleep this evening, do not click ---> https://www.usdebtclock.org/

[John E]

Buzz, can you go to DC and fix all this stuff please? The_Dude will let you know what's wrong

[cptlo306]

The national debt on Jan. 19, 2017, the day before Donald Trump was inaugurated president, was $19,944,429,217,107.

On Jan. 19, 2021, the day before Joe Biden was inaugurated, the debt was: $27,752,835,868,445 — about $7.8 trillion higher.

As of July 14, 2023, more than halfway through Biden’s term, the debt had risen by another roughly $4.7 trillion, to $32,542,410,783,067.

[Cool 50th AE]

My man Nick Cage was great in that movie.

[Egnalf]

this might be a bigger issue.

YouTube (Short URL)

[John E]

Originally Posted by Cool 50th AE

My man Nick Cage was great in that movie.

[Yadkin]

Originally Posted by Egnalf

its not real debt, and printing lots of dollars makes it easier to pay down.

Every failed nation has done that.

[The_Dude]

The U.S. is in the throes of a total financial collapse, followed by the Mark of the Beast

[Tikiman]

The brakes are out and the hill just got steeper.

[Frankie the Fink]

But, but, but Zelinskyy needs more money and those poor students need their loans bailed out, then there are all those illegals that need clothed, housed and fed...

Have to have your priorities straight </sarcasm>

[Yadkin]

I'm sure that the smart peeps in the Brandon Administration have a plan for when the doll air collapses.

[Onebadcad]

99+% of those living here do not understand national debt.
They also do not understand deficits.
They also do not understand debt service.
They also do not understand debt service on the ledger of every annual budget.
They also do not understand the increases in national debt due to debt increase and higher treasury yields.
They also do not understand higher treasury yields are a requirement to sell our ever-expanding debt.
They also do not understand how national debt is serviced, and who pays this bill.
They also do not understand money supply and the ramifications of printing money.
They also do not understand that when money is given away, equal debt is incurred.
They also do not understand the gold standard which went away in 1973.

Most who live want as much as they can from the government, so they can do less, and so they can do more with their own money.

We are ****ED, as 60+% of those here are net negatives, with most believing the money tree has infinite limbs.

Debt has doubled in the last nine years.
Debt service in 2023 is 200% higher than in 2009.
Debt by 2025 will exceed $40T, may be over $45T if depends joe can fund policies through EOs.

Trump did a poor job balancing the budget, no POTUS in last 40 years has done this well.

$33T is the tip of the iceberg, tis does not include state, county, city and local debt.

In 1987 POTUS REAGAN signed the first $1T annual budget, only 36 years later the annual budget is $6.5T.

They are all losers, all POTUSs and all under the dome, very few are in it to preserve OUR GREAT NATION.

I can fix all things, including debt, in 4 years, vote for me and save THE USA!!

[Onebadcad]

DEBT BY STATE:

https://wisevoter.com/state-rankings/debt-by-state/

1 California 520 billion
2 New York 368 billion
3 Texas 324 billion
4 Illinois 159 billion
5 Florida 131 billion
6 Pennsylvania 128 billion
7 Massachusetts 98 billion
8 Ohio 93 billion
9 New Jersey 91 billion
10 Washington 90 billion
11 Michigan 82 billion
12 Virginia 70 billion
13 Colorado 67 billion
14 Georgia 63 billion
15 Maryland 59 billion
16 Minnesota 59 billion
17 Kentucky 53 billion
18 Connecticut 53 billion
19 Indiana 52 billion
20 Tennessee 50 billion
21 Wisconsin 49 billion
22 Missouri 48 billion
23 North Carolina 48 billion
24 Arizona 44 billion
25 Oregon 42 billion
26 South Carolina 38 billion
27 Alabama 35 billion
28 Louisiana 31 billion
29 Nevada 29 billion
30 Kansas 28 billion
31 Utah 22 billion
32 Iowa 21 billion
33 Arkansas 20 billion
34 District of Columbia 20 billion
35 Oklahoma 19 billion
36 Hawaii 17 billion
37 New Mexico 16 billion
38 Nebraska 16 billion
39 West Virginia 15 billion
40 Mississippi 15 billion
41 Rhode Island 12 billion
42 New Hampshire 10 billion
43 North Dakota 10 billion
44 Alaska 9 billion
45 Maine 9 billion
46 Delaware 8 billion
47 South Dakota 7 billion
48 Idaho 6 billion
49 Montana 6 billion
50 Vermont 5 billion
51 Wyoming 2 billion

[Onebadcad]

And then there are always those Unfunded Liabilities, mostly SSA and Medicare, which every administration has kicked down the road.
Current estimate is $80T.

https://www.cato.org/blog/medicare-s...ial%20Security.

The Financial Report of the United States Government (also known as the Financial Report) raises significant concerns about the country’s long‐​term financial health with increasing deficits and debt levels. Over the next 75 years, U.S. taxpayers face nearly $80 trillion in long‐​term unfunded obligations. What’s more, 95 percent of this unfunded obligation is driven by only two federal government programs: Medicare and Social Security.

Here are five key takeaways from the Financial Report:

Over the next 75 years, the U.S. government’s unfunded obligations total $79.5 trillion. Over the next 75 years, the unfunded obligations are the difference between the present value of projected non‐​interest spending of $430.2 trillion (see Figure 1) and the present value of total receipts of $350.6 trillion over the same period. Present value means that future cash flows have been discounted to adjust for expected inflation and interest rates, recognizing that one dollar today is more valuable than one dollar tomorrow. The discount rate reflects the expected rate of return taxpayers could have received over the next 75 years if they invested the 2022 value.

[Onebadcad]

State debt per capita should concern all, and always at the top are MOSTLY lib states, which have the greatest gov fraud, and also receive the highest federal bailout monies:

https://www.statista.com/statistics/...U.S.%20dollars.