- Banned
- #21
According to this, the debt was fairly stable til the 1980s. It slowly climbed and then relatively recently took off.
Biden is adding $1 TRILLION to the debt every 100 days.
- Thread starter Nostra
- Start date
Dante
"The Libido for the Ugly"
She spanked Trump. Waaaaaaaaaaaaaaahahahahahaha...Shows you just how powerful Nancy was as Speaker of the House, huh?
Dante
"The Libido for the Ugly"
Ronald Reagan
TNHarley
Diamond Member
- Sep 27, 2012
- 96,119
- 59,613
- 2,605
From your linkAbsolutely delusional.
:max_bytes(150000):strip_icc()/INV_Biden_GettyImages-2150859255-eae49af98fa9491f8ab2057f5a58fea0.jpg)
U.S. Debt by President: Dollar and Percentage
The national debt has increased under most U.S. presidents. Here is how much each president's time in office added to the U.S. debt by percentage and dollar amounts.www.investopedia.com
Trump increased the debt by 6.7 trillion dollars. Biden is at 2.5.
The national debt has grown by over $6.24 trillion since Biden took office in 2021, largely driven by COVID-19 relief measures. If we measure from the start of the new fiscal year on October 1st, 2021 the debt has grown by over $5.56 trillion under President Biden.
BTW, fuckup, thats also 5 months ago.
- Banned
- #25
And the rest.
- Banned
- #26
Note how the line keeps getting less horizontal and more vertical.
Dante
"The Libido for the Ugly"
Whine away you loser. Thread is about the Debt and Donald Trump always bragged about being The King of Debt.
Failed to deliver promised economic benefits. Trump Administration officials claimed their centerpiece corporate tax rate cut would “very conservatively” lead to a $4,000 boost in household income.[5] New research shows that workers who earned less than about $114,000 on average in 2016 saw “no change in earnings” from the corporate tax rate cut, while top executive salaries increased sharply.[6] Similarly, rigorous research concluded that the tax law’s 20 percent pass-through deduction, which was skewed in favor of wealthy business owners, has largely failed to trickle down to workers in those companies who aren’t owners.[7] Like the Bush tax cuts before it,[8] the 2017 Trump tax cut was a trickle-down failure.
The 2017 Trump Tax Law Was Skewed to the Rich, Expensive, and Failed to Deliver on Its Promises | Center on Budget and Policy Priorities
Policymakers and the public should understand that the 2017 Trump tax law was skewed to the rich, was expensive and eroded the U.S. revenue base, and failed to deliver promised economic benefits. A 2025 course correction is needed.
www.cbpp.org
Dante
"The Libido for the Ugly"
They always fall for the failed trickle-down shit.
Again the meat just flies over that head of yours.
Let me 'splain it to you....Nan liked to spend money, a lot of money.
But, not her money, yours and mine
Dante
"The Libido for the Ugly"
Pelosi was one of the best Speakers in current history.
She even kept the squad in line. (They have their 4 votes, she said). The right's version of the squad took control. The GOP led House can't even deal with anything of substance.
Nostra
Diamond Member
- Oct 7, 2019
- 76,276
- 67,077
- 3,615
- Thread starter
- #31
Did you really think that bullshit lie wouldn’t get called out?Absolutely delusional.
U.S. Debt by President: Dollar and Percentage
The national debt has increased under most U.S. presidents. Here is how much each president's time in office added to the U.S. debt by percentage and dollar amounts.
Trump increased the debt by 6.7 trillion dollars. Biden is at 2.5.
National debt:
1/20/21. $27.75 TRILLION
Today: $34.75 TRILLION
You are a blatant liar.
Debt to the Penny | U.S. Treasury Fiscal Data
Debt to the Penny is the total debt of the U.S. government and is reported daily. It is made up of intragovernmental holdings and debt held by the public.
fiscaldata.treasury.gov
Winston
Platinum Member
Also from the link,
However, it is important to note that a president doesn’t have much influence over the national debt during their first year in office. Presidential influence over the budget and national debt doesn’t start until after the federal fiscal year ends on September 30, during the new president’s first year in office.
Votto
Diamond Member
- Oct 31, 2012
- 63,055
- 68,529
- 3,605
At this point they need to focus on making minimum payments, which is getting harder and harder every day.
Resnic
Diamond Member
- May 2, 2021
- 12,136
- 14,134
- 2,288
All the signs are there things are going to be real shitty soon if they aren't stopped. We will have a currency change once they make the dollar worthless. Everytime they print 1 it decreases the value of every other dollar by a fraction of a fraction of a fraction.
It's why banks the past few years have been buying record amounts of food as insurance. They buy it because they are afraid.
It's why the the yield curve is inverted. That means they give people higher interest rates on bonds for 2 years than 10 years. That's backwards. You're supposed to get the better interest rate on 10 year bonds because you're being rewarded for investing your money longer. But they invert it in an attempt to get more people in for the short term in order to get faster influxes of cash.
Countries are starting to move away from the dollar for trade. We maintain so much power of our money because other countries trade it.
All the hundreds of billions we send to Ukraine, all the countless dollars were spending all on these illegals, and all this massive massive waste only adds to it.
Winston
Platinum Member
The ubiquitous US Debt Clock often falls prey to misconceptions about what it represents. Some incorrectly assume the Debt Clock displays the federal budget deficit—the annual gap between spending and revenue. It tracks the total accumulated national debt owed to all creditors. The deficit is merely the yearly increase in the overall debt.Did you really think that bullshit lie wouldn’t get called out?
National debt:
1/20/21. $27.75 TRILLION
Today: $34.75 TRILLION
You are a blatant liar.
Debt to the Penny | U.S. Treasury Fiscal Data
Debt to the Penny is the total debt of the U.S. government and is reported daily. It is made up of intragovernmental holdings and debt held by the public.
Additionally, the Debt Clock's astronomical summation doesn't imply imminent bankruptcy or the inability of the government to pay its bills. For now, the US can still readily borrow and remain solvent, notwithstanding the overhanging fiscal mortgage levied on future taxpayers. While the Debt Clock highlights the precarious long-term trajectory, it does not necessarily foreshadow immediate default.
In short, while the Debt Clock demands serious concern, it must be interpreted judiciously. It does not reveal the annual deficit or an impending fiscal cliff. Nevertheless, prudent analysis sees the Debt Clock as a call to action to change course before the debt burden becomes insurmountable.
How Accurate is the US Debt Clock?
Discover the truth regarding the accuracy of the US Debt Clock and what it really means for our economy. Unveil surprising insights today!
usadebtnow.org
The debt clock, HA HA HA HA. You see how that works?
Winston
Platinum Member
What are you talking about minimum payments? The debt is financed by US Treasuries. The pay interest only, the principal is paid back at the end of the term.
Votto
Diamond Member
- Oct 31, 2012
- 63,055
- 68,529
- 3,605
Soon paying the interest will be out of reach at this rate
Dante
"The Libido for the Ugly"
OMFG! Panic!
"Terrified people are easy to manipulate."
What FOX News has always believed.
Dante
"The Libido for the Ugly"
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