McRocket
Gold Member
- Apr 4, 2018
- 5,031
- 707
- 275
- Banned
- #1
'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.
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.