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

[Mr Natural]

Such BS. Clinton had no surplus, they rearranged the numbers. Granted, it was a good economy, Dot.coms, housing contributing to an eventual collapse.

So then where did those $300 George Bush checks come from?

 

[kyzr]

BULLSHIT our military was far from broke just more republican crap

Under Obama we had a sequester of spending...a absolute halt to new military spending...it was a promised and predicted disaster because we would have to make up for it one day....that day is now....never elect a socialist because it will cost big time....just wait and watch California in a few years....The cost of Governor Brown and his socialist platform will be astronomical...California will have to be bailed out one day....

NO FUCKING WAY WILL WE BAIL OUT CA

 

[kyzr]

'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

Such BS. Clinton had no surplus, they rearranged the numbers. Granted, it was a good economy, Dot.coms, housing contributing to an eventual collapse.

Clinton sure was closer to a surplus than Trump.

Newt managed the Budget to near balancing, not Clinton

 

[eagle1462010]

Government - Interest Expense on the Debt Outstanding

 

[kyzr]

Government - Interest Expense on the Debt Outstanding

Thanks for that table. It shows that Debt interest is real money, and unless we control it the interest compounds and compounds until we're bankrupt.

 

[LaDexter]

at least Clinton - that sexual freak - tried to balance the budget

You lie like the leftist liar you are...

Clinton HATED Gingrich's budgets....

The event that started this latest and perhaps fatal round of government spending was the "coup" of Gingrich. Since Newt left, spending has gone through the roof, and the "media" has barely noticed, even after constantly whining about much much smaller deficits under Reagan.

The Period of American WO

when truth was prohibited and the US took on 4 times the debt the first 42 Presidents put on the books...

 

[Brain357]

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

Such BS. Clinton had no surplus, they rearranged the numbers. Granted, it was a good economy, Dot.coms, housing contributing to an eventual collapse.

Clinton sure was closer to a surplus than Trump.

Newt managed the Budget to near balancing, not Clinton

Yeah republicans are showing how fiscally responsible they are now. They fully control the government and deficits are increasing rapidly during a strong economy.