US National Debt is going up $1 million every minute.

[the other mike]

Our National Debt, which was $900 billion in 1980 has spiraled up to nearly $22 trillion in less than 40 years.

U.S. National Debt Clock : Real Time

The U.S. is currently experiencing a disastrous “new normal”: The economy is booming at the same time that government debt and deficits are exploding. That scenario is a radical departure from the normally healthy, self-correcting interplay between economic growth and budget shortfalls—and its likely long-term consequences are worth losing sleep over.

In almost every other period in recent history, U.S. deficits have been counter-cyclical. When growth weakens, unemployment rises, so that fewer people are paying taxes. Falling profits shrink revenues from corporate levies, and the government frequently enacts emergency spending measures to recharge the economy. The shrinking tax receipts and temporary outlays swell the deficit. When the economy revives, in contrast, an expanding workforce and a surge in earnings lifts revenues and narrows the budget gap.
(continued)
America's Disastrous New Normal: A Booming Economy and Soaring Deficits

 

[Natural Citizen]

Keynesians gonna Keynes.

 

[Natural Citizen]

The currency is so inflated that one Federal Reserve Note is now only worth 4 cents.

The quickest way to destroy a nation is to destroy the value of its money. And they're succeeding without ever having to fire a single bullet.

 

[caddo kid]

a 1913 $1 FRN is now worth < 1 penny

Take that AmeriKKKa & shove that up your piggy bank

 

[Slade3200]

It’s all good, we have a conservative businessman running the country now so that clock should start reversing any day now. Go ahead and start holding your breath!

 

[the other mike]

It’s all good, we have a conservative businessman running the country now so that clock should start reversing any day now. Go ahead and start holding your breath!

All due respect to Trump but that would be like stopping an aircraft carrier with a kayak.

 

[Toro]

#MAGA

 

[Maxdeath]

Would be great if we could somehow get fiscally responsible adults in congress. But that is not going to happen because they are never held responsible for anything. We have made it acceptable to spend money we don't have if we get what people consider free stuff. No need to worry about paying for it.

 

[Weatherman2020]

Our National Debt, which was $900 billion in 1980 has spiraled up to nearly $22 trillion in less than 40 years.

U.S. National Debt Clock : Real Time

The U.S. is currently experiencing a disastrous “new normal”: The economy is booming at the same time that government debt and deficits are exploding. That scenario is a radical departure from the normally healthy, self-correcting interplay between economic growth and budget shortfalls—and its likely long-term consequences are worth losing sleep over.

In almost every other period in recent history, U.S. deficits have been counter-cyclical. When growth weakens, unemployment rises, so that fewer people are paying taxes. Falling profits shrink revenues from corporate levies, and the government frequently enacts emergency spending measures to recharge the economy. The shrinking tax receipts and temporary outlays swell the deficit. When the economy revives, in contrast, an expanding workforce and a surge in earnings lifts revenues and narrows the budget gap.
(continued)
America's Disastrous New Normal: A Booming Economy and Soaring Deficits

Uh.

 

[the other mike]

This

multiplied by 22 is mind-boggling.

 

[the other mike]

The national debt has gone up $1 billion since I posted this last night.

 

[Mr Natural]

What we need are more tax cuts for the billionaires!

 

[the other mike]

What we need are more tax cuts for the billionaires!

Funny.

 

[Jomama]

Make America Broke Again

 

[CrusaderFrank]

Our National Debt, which was $900 billion in 1980 has spiraled up to nearly $22 trillion in less than 40 years.

U.S. National Debt Clock : Real Time

The U.S. is currently experiencing a disastrous “new normal”: The economy is booming at the same time that government debt and deficits are exploding. That scenario is a radical departure from the normally healthy, self-correcting interplay between economic growth and budget shortfalls—and its likely long-term consequences are worth losing sleep over.

In almost every other period in recent history, U.S. deficits have been counter-cyclical. When growth weakens, unemployment rises, so that fewer people are paying taxes. Falling profits shrink revenues from corporate levies, and the government frequently enacts emergency spending measures to recharge the economy. The shrinking tax receipts and temporary outlays swell the deficit. When the economy revives, in contrast, an expanding workforce and a surge in earnings lifts revenues and narrows the budget gap.
(continued)
America's Disastrous New Normal: A Booming Economy and Soaring Deficits

Thanks, Obama

 

[the other mike]

Thanks, Obama

Thanks Obama, Trump, Bush, Clinton, Bush and Reagan.

 

[JimH52]

Our National Debt, which was $900 billion in 1980 has spiraled up to nearly $22 trillion in less than 40 years.

U.S. National Debt Clock : Real Time

The U.S. is currently experiencing a disastrous “new normal”: The economy is booming at the same time that government debt and deficits are exploding. That scenario is a radical departure from the normally healthy, self-correcting interplay between economic growth and budget shortfalls—and its likely long-term consequences are worth losing sleep over.

In almost every other period in recent history, U.S. deficits have been counter-cyclical. When growth weakens, unemployment rises, so that fewer people are paying taxes. Falling profits shrink revenues from corporate levies, and the government frequently enacts emergency spending measures to recharge the economy. The shrinking tax receipts and temporary outlays swell the deficit. When the economy revives, in contrast, an expanding workforce and a surge in earnings lifts revenues and narrows the budget gap.
(continued)
America's Disastrous New Normal: A Booming Economy and Soaring Deficits

Thank goodness we have the GOP to speak out about this travesty!....wait....crickets.....where are they?

 

[Camp]

Build the wall !

 

[JimH52]

Build the wall !

And if we need to borrow money to get it built....SO BE IT! A so called Repub is in the White House....DEFICITS DO NOT MATTER NOW!

 

[the other mike]

$ 22,124,000,000,000 and counting
U.S. National Debt Clock : Real Time