Biden Gloats About The Deficit Going Down. But Has Never Brought Up The National Debt Going Up. Well?

[My_Chinchilla_Is_A_Racist]

Lets look at it this way. Lets say our national debt went down 1.5 Trillion this year, and by the end of this year, the national debt shoots up 1.5 Trillion. So in the real world, nothing has changed. Our deficit is now 31 Trillion Dollars!

 

[White 6]

Lets look at it this way. Lets say our national debt went down 1.5 Trillion this year, and by the end of this year, the national debt shoots up 1.5 Trillion. So in the real world, nothing has changed. Our deficit is now 31 Trillion Dollars!

Here is the numbers I see, however you wish to interpret.

US National Debt by Year – Polidiotic

www.polidiotic.com

 

[pknopp]

Lets look at it this way. Lets say our national debt went down 1.5 Trillion this year, and by the end of thnthe national debt shoots up 1.5 Trillion. So in the real world, nothing has changed. Our deficit is now 31 Trillion Dollars!

Yes, it continues to go up, just like it has for years and years. One could note that Biden isn't the one that argued balancing the budget would be easy.

 

[My_Chinchilla_Is_A_Racist]

Biden is making this sound like a VISA balance transfer.

 

[Sixties Fan]

Lets look at it this way. Lets say our national debt went down 1.5 Trillion this year, and by the end of this year, the national debt shoots up 1.5 Trillion. So in the real world, nothing has changed. Our deficit is now 31 Trillion Dollars!

The Debt is the money one borrows.

Deficit is the amount of that borrowing one pays.

All countries borrow. Many go on default if do not pay, or bankrupt, like Greece or Italy.
----------------

Is US debt AAA rated?


Standard & Poor's credit rating for the United States stands at AA+ with stable outlook. Moody's credit rating for the United States was last set at Aaa with stable outlook.Fitch's credit rating for the United States was last reported at AAA with stable outlook.

United States - Credit Rating - Trading Economics​

 

[My_Chinchilla_Is_A_Racist]

The Debt is the money one borrows.

Deficit is the amount of that borrowing one pays.

All countries borrow. Many go on default if do not pay, or bankrupt, like Greece or Italy.
----------------

Is US debt AAA rated?


Standard & Poor's credit rating for the United States stands at AA+ with stable outlook. Moody's credit rating for the United States was last set at Aaa with stable outlook.Fitch's credit rating for the United States was last reported at AAA with stable outlook.

United States - Credit Rating - Trading Economics​

and we are at that point where we cannot take on anymore debt.

 

[Sixties Fan]

and we are at that point where we cannot take on anymore debt.

It does not work that way. You do not know how it works.

 

[Winston]

and we are at that point where we cannot take on anymore debt.

You mean people quit showing up at Treasury auctions? Damn, news to me.