You're in debt...serious debt

[waltky]

2017 the 60th straight fiscal year in which the federal debt has increased,..

Federal Debt Increases for 60th Straight Fiscal Year
October 4, 2017 -- The total federal debt climbed by $671,455,302,116.72 in fiscal 2017, making 2017 the 60th straight fiscal year in which the federal debt has increased, according to the official numbers published by the U.S. Treasury.

At the end of fiscal 2016, the federal debt stood at $19,573,444,713,936.79. By the end of fiscal 2017 (which closed on Sept. 30), it was $20,244,900,016,053,51. The last fiscal year in which the federal debt declined was fiscal 1957. In that year, according to the Treasury, the total federal debt dropped from $272,750,813,649.32 at the close of fiscal 1956 to $270,527,171,896.43 at the close of fiscal 1957. But, in fiscal 1958, the debt climbed to $276,343,217,745.81—and in every fiscal since then, it has finished each fiscal year higher than it started that fiscal year. That means that the last president to govern during a fiscal year when the debt actually declined was Dwight Eisenhower.

Since 1977, according to the Treasury, the federal fiscal year has begun on Oct. 1 and ended Sept. 30. Before that—from 1842 to 1977—it began on July 1 and ended on June 30. From 1789 to 1842, it began on Jan. 1 and ended on Dec. 31. In fiscal 2000, the debt came close to holding steady, starting the year at $5,656,270,901,815.43 and ending it at $5,674,178,209,886.86—for an increase of $17,907,308,271.43. The total federal debt of the federal government includes both what the Treasury calls “debt held by the public” and “intragovernmental” debt. Debt held by the public consists of securities issued by the government to entities outside the government, ranging from individual to foreign governments, and includes Treasury bills, notes and bonds. Intragovernmental debt is money the Treasury has borrowed from government trust funds such as the Social Security trust fund and used for current government spending.

Here is the total debt of the federal government at the end of each fiscal year from 1950 through 2015 as published by the U.S. Treasury:

Federal Debt Increases for 60th Straight Fiscal Year

 

[Johann]

And yet trump and the republicans want to cut taxes and raise spending...

a surefire way to decrease the deficit.

 

[impuretrash]

And yet trump and the republicans want to cut taxes and raise spending...

a surefire way to decrease the deficit.

And yet the left and democrats want to socialize everything.

 

[Johann]

And yet trump and the republicans want to cut taxes and raise spending...

a surefire way to decrease the deficit.

And yet the left and democrats want to socialize everything.

I'm right-leaning socially and economically left leaning.

I don't think anyone is calling for complete government control of the means of production or socialization of 'everything'.

I think the only thing people are seriously calling for socialization of in the USA is healthcare. and we already do that to an extent(see, medicare, medicaid, VA etc)

 

[Johann]

 

[Likkmee]

Dont bring the military meatheads into this ! They dress alike, cut their hair a like, eat at the same time, get their beloved vaccines at the same time. March in equal step, sleep on the same sheets, use the same soap, go to the same docs,wear the same glasses,shower together,wear the same boots, get preferential treatment for business and home loans, free health care( albeit shitty) for life.All this for fighting Socialism-Communism ! What a fucking clown show.
Just like Bragg....without eye lashes