The US Spent A Record $523 Billion On Debt Interest In Fiscal 2018

[McRocket]

'Earlier this week, when the US closed fiscal 2018 on September 30, we reported that US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018; with this last push higher, total gross national debt in fiscal 2018 rose by $1.271 trillion to an all time record of $21.52 trillion.

What is more stunning, is that only six months ago, on March 16, it had for the first time risen above the $21-trillion mark, while a year ago, at the end of September 2017, it was just $20.2 trillion.

The reason for the soaring debt total is, of course, the runaway US budget deficit, which while providing a temporary sugar rush to the US economy comes at a cost of explosive debt. As a reminder, one month ago, the CBO revised its forecast, and now expects the deficit will approach $1 trillion by the end of this fiscal year or one year sooner than disclosed in the CBO's most recent forecast; in April the agency didn’t expect the deficit to reach $1 trillion until 2020.'

The US Spent A Record $523 Billion On Debt Interest In Fiscal 2018


Who do I blame? The average American voter who keeps putting pathetic people in power who refuse to stop spending like drunken sailors.
But will the average voter blame themselves? Not a chance...they will just blame whichever party they don't like.
Morons.
Both Trumpbots AND Obamabots AND GWBushbots (at least Clinton - that sexual freak - tried to balance the budget). You are a bunch of pathetic, political morons.

 

[Wyatt earp]

Obama and quantitative easing, told ya.

 

[BrokeLoser]

'Earlier this week, when the US closed fiscal 2018 on September 30, we reported that US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018; with this last push higher, total gross national debt in fiscal 2018 rose by $1.271 trillion to an all time record of $21.52 trillion.

What is more stunning, is that only six months ago, on March 16, it had for the first time risen above the $21-trillion mark, while a year ago, at the end of September 2017, it was just $20.2 trillion.

The reason for the soaring debt total is, of course, the runaway US budget deficit, which while providing a temporary sugar rush to the US economy comes at a cost of explosive debt. As a reminder, one month ago, the CBO revised its forecast, and now expects the deficit will approach $1 trillion by the end of this fiscal year or one year sooner than disclosed in the CBO's most recent forecast; in April the agency didn’t expect the deficit to reach $1 trillion until 2020.'

The US Spent A Record $523 Billion On Debt Interest In Fiscal 2018


Who do I blame? The average American voter who keeps putting pathetic people in power who refuse to stop spending like drunken sailors.
But will the average voter blame themselves? Not a chance...they will just blame whichever party they don't like.
Morons.
Both Trumpbots AND Obamabots. You are a bunch of pathetic, political morons.

Before we go any further...tell us how the national debt has affected you and your quality of life. Go ahead, it’s a tough one to answer. You might want to pretend you didn’t see this post.

 

[Mr Natural]

What we need to do is cut taxes (especially on the billionaires and corporations) so we can increase tax revenues and pay off the national debt.

 

[MACAULAY]

About half or so of that is attributable to the money borrowed by every president from Washington to Bush---and the other half or so is attributable to money borrowed by the Socialist Liar Barack Obama.

 

[WillowTree]

What we need to do is cut taxes (especially on the billionaires and corporations) so we can increase tax revenues and pay off the national debt.

Or let every person living in America pay Federal Raxes!

 

[BrokeLoser]

What we need to do is cut taxes (especially on the billionaires and corporations) so we can increase tax revenues and pay off the national debt.

How about this....
We send all 29 million filthy wetbacks home
We get ShaQuita and Guadalupe to shut down the baby factories
AND
We get all you lowlife beggars to pay your own way
Seems easier...no?

 

[Auld Phart]

'Earlier this week, when the US closed fiscal 2018 on September 30, we reported that US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018; with this last push higher, total gross national debt in fiscal 2018 rose by $1.271 trillion to an all time record of $21.52 trillion.

What is more stunning, is that only six months ago, on March 16, it had for the first time risen above the $21-trillion mark, while a year ago, at the end of September 2017, it was just $20.2 trillion.

The reason for the soaring debt total is, of course, the runaway US budget deficit, which while providing a temporary sugar rush to the US economy comes at a cost of explosive debt. As a reminder, one month ago, the CBO revised its forecast, and now expects the deficit will approach $1 trillion by the end of this fiscal year or one year sooner than disclosed in the CBO's most recent forecast; in April the agency didn’t expect the deficit to reach $1 trillion until 2020.'

The US Spent A Record $523 Billion On Debt Interest In Fiscal 2018


Who do I blame? The average American voter who keeps putting pathetic people in power who refuse to stop spending like drunken sailors.
But will the average voter blame themselves? Not a chance...they will just blame whichever party they don't like.
Morons.
Both Trumpbots AND Obamabots AND GWBushbots (at least Clinton - that sexual freak - tried to balance the budget). You are a bunch of pathetic, political morons.

Sounds like we need to pay down the debt...

hmm, last time that happened was.....


1957, under Ike

 

[Mr Natural]

Sounds like we need to pay down the debt...

hmm, last time that happened was.....


1957, under Ike

When tax rates were up in the 90 percent range.

 

[OKTexas]

'Earlier this week, when the US closed fiscal 2018 on September 30, we reported that US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018; with this last push higher, total gross national debt in fiscal 2018 rose by $1.271 trillion to an all time record of $21.52 trillion.

What is more stunning, is that only six months ago, on March 16, it had for the first time risen above the $21-trillion mark, while a year ago, at the end of September 2017, it was just $20.2 trillion.

The reason for the soaring debt total is, of course, the runaway US budget deficit, which while providing a temporary sugar rush to the US economy comes at a cost of explosive debt. As a reminder, one month ago, the CBO revised its forecast, and now expects the deficit will approach $1 trillion by the end of this fiscal year or one year sooner than disclosed in the CBO's most recent forecast; in April the agency didn’t expect the deficit to reach $1 trillion until 2020.'

The US Spent A Record $523 Billion On Debt Interest In Fiscal 2018


Who do I blame? The average American voter who keeps putting pathetic people in power who refuse to stop spending like drunken sailors.
But will the average voter blame themselves? Not a chance...they will just blame whichever party they don't like.
Morons.
Both Trumpbots AND Obamabots AND GWBushbots (at least Clinton - that sexual freak - tried to balance the budget). You are a bunch of pathetic, political morons.

Thanks for the alert Cpt Obvious.

.

 

[BluesLegend]

'Earlier this week, when the US closed fiscal 2018 on September 30, we reported that US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018; with this last push higher, total gross national debt in fiscal 2018 rose by $1.271 trillion to an all time record of $21.52 trillion.

What is more stunning, is that only six months ago, on March 16, it had for the first time risen above the $21-trillion mark, while a year ago, at the end of September 2017, it was just $20.2 trillion.

The reason for the soaring debt total is, of course, the runaway US budget deficit, which while providing a temporary sugar rush to the US economy comes at a cost of explosive debt. As a reminder, one month ago, the CBO revised its forecast, and now expects the deficit will approach $1 trillion by the end of this fiscal year or one year sooner than disclosed in the CBO's most recent forecast; in April the agency didn’t expect the deficit to reach $1 trillion until 2020.'

The US Spent A Record $523 Billion On Debt Interest In Fiscal 2018


Who do I blame? The average American voter who keeps putting pathetic people in power who refuse to stop spending like drunken sailors.
But will the average voter blame themselves? Not a chance...they will just blame whichever party they don't like.
Morons.
Both Trumpbots AND Obamabots AND GWBushbots (at least Clinton - that sexual freak - tried to balance the budget). You are a bunch of pathetic, political morons.

Sounds like we need to pay down the debt...

hmm, last time that happened was.....


1957, under Ike

Politicians have sunk us so far in debt our only hope now is to grow our way out of the problem. No amount of spending cuts or tax increases can tackle it, that's like shooting spit wads at the problem.

 

[edward37]

'Earlier this week, when the US closed fiscal 2018 on September 30, we reported that US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018; with this last push higher, total gross national debt in fiscal 2018 rose by $1.271 trillion to an all time record of $21.52 trillion.

What is more stunning, is that only six months ago, on March 16, it had for the first time risen above the $21-trillion mark, while a year ago, at the end of September 2017, it was just $20.2 trillion.

The reason for the soaring debt total is, of course, the runaway US budget deficit, which while providing a temporary sugar rush to the US economy comes at a cost of explosive debt. As a reminder, one month ago, the CBO revised its forecast, and now expects the deficit will approach $1 trillion by the end of this fiscal year or one year sooner than disclosed in the CBO's most recent forecast; in April the agency didn’t expect the deficit to reach $1 trillion until 2020.'

The US Spent A Record $523 Billion On Debt Interest In Fiscal 2018


Who do I blame? The average American voter who keeps putting pathetic people in power who refuse to stop spending like drunken sailors.
But will the average voter blame themselves? Not a chance...they will just blame whichever party they don't like.
Morons.
Both Trumpbots AND Obamabots AND GWBushbots (at least Clinton - that sexual freak - tried to balance the budget). You are a bunch of pathetic, political morons.

Sounds like we need to pay down the debt...

hmm, last time that happened was.....


1957, under Ike

How did Clinton do?

 

[Flash]

Thank you very much you asshole Obama for $10 trillion in debt.

 

[Skull Pilot]

About half or so of that is attributable to the money borrowed by every president from Washington to Bush---and the other half or so is attributable to money borrowed by the Socialist Liar Barack Obama.

There hasn't been a president since Coolidge that hasn't added to the debt

 

[Auld Phart]

'Earlier this week, when the US closed fiscal 2018 on September 30, we reported that US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018; with this last push higher, total gross national debt in fiscal 2018 rose by $1.271 trillion to an all time record of $21.52 trillion.

What is more stunning, is that only six months ago, on March 16, it had for the first time risen above the $21-trillion mark, while a year ago, at the end of September 2017, it was just $20.2 trillion.

The reason for the soaring debt total is, of course, the runaway US budget deficit, which while providing a temporary sugar rush to the US economy comes at a cost of explosive debt. As a reminder, one month ago, the CBO revised its forecast, and now expects the deficit will approach $1 trillion by the end of this fiscal year or one year sooner than disclosed in the CBO's most recent forecast; in April the agency didn’t expect the deficit to reach $1 trillion until 2020.'

The US Spent A Record $523 Billion On Debt Interest In Fiscal 2018


Who do I blame? The average American voter who keeps putting pathetic people in power who refuse to stop spending like drunken sailors.
But will the average voter blame themselves? Not a chance...they will just blame whichever party they don't like.
Morons.
Both Trumpbots AND Obamabots AND GWBushbots (at least Clinton - that sexual freak - tried to balance the budget). You are a bunch of pathetic, political morons.

Sounds like we need to pay down the debt...

hmm, last time that happened was.....


1957, under Ike

How did Clinton do?

had a surplus...

but didn't put it towards the debt

 

[Rambunctious]

We have had to spend to fix everything Obama broke...like our military....having a socialist like Obama for a leader is not free...it cost us big time...

 

[Skull Pilot]

'Earlier this week, when the US closed fiscal 2018 on September 30, we reported that US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018; with this last push higher, total gross national debt in fiscal 2018 rose by $1.271 trillion to an all time record of $21.52 trillion.

What is more stunning, is that only six months ago, on March 16, it had for the first time risen above the $21-trillion mark, while a year ago, at the end of September 2017, it was just $20.2 trillion.

The reason for the soaring debt total is, of course, the runaway US budget deficit, which while providing a temporary sugar rush to the US economy comes at a cost of explosive debt. As a reminder, one month ago, the CBO revised its forecast, and now expects the deficit will approach $1 trillion by the end of this fiscal year or one year sooner than disclosed in the CBO's most recent forecast; in April the agency didn’t expect the deficit to reach $1 trillion until 2020.'

The US Spent A Record $523 Billion On Debt Interest In Fiscal 2018


Who do I blame? The average American voter who keeps putting pathetic people in power who refuse to stop spending like drunken sailors.
But will the average voter blame themselves? Not a chance...they will just blame whichever party they don't like.
Morons.
Both Trumpbots AND Obamabots AND GWBushbots (at least Clinton - that sexual freak - tried to balance the budget). You are a bunch of pathetic, political morons.

Sounds like we need to pay down the debt...

hmm, last time that happened was.....


1957, under Ike

How did Clinton do?

had a surplus...

but didn't put it towards the debt

Even if he did put the surplus towards the debt he still would have added to the debt by the end of his 2 terms

 

[Mr Natural]

We have had to spend to fix everything Obama broke...like our military....having a socialist like Obama for a leader is not free...it cost us big time...

This is the stupid shit they believe.

 

[edward37]

We have had to spend to fix everything Obama broke...like our military....having a socialist like Obama for a leader is not free...it cost us big time...

BULLSHIT our military was far from broke just more republican crap

 

[miketx]

'Earlier this week, when the US closed fiscal 2018 on September 30, we reported that US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018; with this last push higher, total gross national debt in fiscal 2018 rose by $1.271 trillion to an all time record of $21.52 trillion.

What is more stunning, is that only six months ago, on March 16, it had for the first time risen above the $21-trillion mark, while a year ago, at the end of September 2017, it was just $20.2 trillion.

The reason for the soaring debt total is, of course, the runaway US budget deficit, which while providing a temporary sugar rush to the US economy comes at a cost of explosive debt. As a reminder, one month ago, the CBO revised its forecast, and now expects the deficit will approach $1 trillion by the end of this fiscal year or one year sooner than disclosed in the CBO's most recent forecast; in April the agency didn’t expect the deficit to reach $1 trillion until 2020.'

The US Spent A Record $523 Billion On Debt Interest In Fiscal 2018


Who do I blame? The average American voter who keeps putting pathetic people in power who refuse to stop spending like drunken sailors.
But will the average voter blame themselves? Not a chance...they will just blame whichever party they don't like.
Morons.
Both Trumpbots AND Obamabots AND GWBushbots (at least Clinton - that sexual freak - tried to balance the budget). You are a bunch of pathetic, political morons.

Sounds like we need to pay down the debt...

hmm, last time that happened was.....


1957, under Ike

How did Clinton do?

She won the popular vote.