Donald Trump Financial undertaker: The US' national debt is rising 36% faster than the economy

[Thinker101]

A child living in a trailer with no running water and no electricity in Appalachia. A child who depends on government handouts that Republicans want to take away.

Another family in Kentucky that depends on food stamps and help from the government.

Look at the huge hepatitis outbreak in Kentucky that nobody’s heard about.
It’s happened this year.

Kentucky's 'too low and too slow' response to the nation's worst hepatitis A outbreak

And Republicans want to take away these peoples healthcare. And they all vote GOP.

Who even heard there’s a hepatitis outbreak in Kentucky that starting to spread through Appalachia?

Gee, here's something we have heard about, and California is doing nothing, dumbass.
Typhus reaches 'epidemic levels' in parts of Los Angeles

Has California’s homeless population ‘skyrocketed’?

 

[Harpy Eagle]

Debt doesn’t matter
Especially when a Republican is President

Are you aware Obama doubled the debt in 8 years?

Are you aware that you really suck at math?

Really? Not what this site says.

FACT CHECK: Did The National Debt Double Under Obama?

Yea, I know. Debt only matters under a republican. We know. Public debt more than doubled under Obama.

Sure, if you do not count all debt then he doubled it. Plus, you did not say public debt. sort of cheesy way to do things. But I guess when you worship someone like Trump you have to take what you can get

As for debt, I have been against it since Reagan came close to tripling it, and have been against it no matter who is sitting in the White House. That is the difference between you and I, my values do not change with the resident of the White House.

 

[Harpy Eagle]

What did we get when the Debt rose to "first time ever" levels during the Hussein administration? Not much except doom and gloom, high unemployment, food stamps and a promise that good factory jobs were gone forever. Congress spends the money and so far the democrat majority in congress only seems interested in conspiracies and political coups.

There is not a democrat majority in congress, there is a democrat majority in the House. And no money gets spent without 3 approvals, the House, the Senate and the White House. Two of the three are Repub controlled.

 

[OnePercenter]

Debt doesn’t matter
Especially when a Republican is President

Are you aware Obama doubled the debt in 8 years?

How much of that debt was caused by business bailout programs enacted BEFORE Obama took office?

 

[airplanemechanic]

Debt doesn’t matter
Especially when a Republican is President

Are you aware Obama doubled the debt in 8 years?

How much of that debt was caused by business bailout programs enacted BEFORE Obama took office?

How much of Trumps debt was from programs enacted before HE took office? When you ask questions of one you must ask them of the other.

 

[OnePercenter]

Debt doesn’t matter
Especially when a Republican is President

Are you aware Obama doubled the debt in 8 years?

How much of that debt was caused by business bailout programs enacted BEFORE Obama took office?

How much of Trumps debt was from programs enacted before HE took office? When you ask questions of one you must ask them of the other.

Answer the question; How much of that debt was caused by business bailout programs enacted BEFORE Obama took office?

 

[NotfooledbyW]

Oddball, post: 23157925,

You drips who remained silent when the debt doubled between '09 - '16 can quit pretending that you GAF about debt and deficits any day now....It rings hollow as can be.

You and your fellow Trumpschmucks are silent about debt now. Why don’t you GAF right now.

 

[NotfooledbyW]

OnePercenter, post: 23161325

Answer the question; How much of that debt was caused by business bailout programs enacted BEFORE Obama took office?

Deficits are getting worse because TrumpO’s tax cuts have not produced a full year of GDP Over 2.9% which means that TrumpO’s tax cuts are not paying for themselves with increased revenue to the US Treasury.

TrumpO lied about producing 4% GDP / he sucks - he is over his head and you duped Trump sycophants won’t admit it.

 

[Denizen]

Its a disgrace and the decline of the USA's fiscal state is accelerating. The 2020 and 2021 budget deficits forecast $1.3 trillion and accelerating.

Donald Trump's tax cuts caused an upward step change in debt.

Donald Trump is creating a fiscal illusion by robbing Peter to pay Paul

Donald Trump is in full casino bankruptcy mode with 'The House' losing more every year just like Donald Trump's casino bankruptcies.

See How the U.S. Debt Tripled Since 9/11

2019 $22,776 ($22,000 on February 11) 106% Defense = $956.5 b.
2020 $24,057 (est.) 106% Defense = record $989 b.
2021 $25,333 (est.) 106%

 

[Dana7360]

Debt doesn’t matter
Especially when a Republican is President

The only time the debt matters IS when a Republican is President.
Obama's first year he spent almost $2 trillion in deficit spending.
Had the Republicans not taken Congress it would have been much worse.
Obama was trying to get to $25 trillion in debt before leaving office.
The Democrats are bringing millions of refugees into the country to try to get to $25 trillion in a couple of years.
If a Democrat gets in we will get there in their first year.

Now....why do they want this?
Because they want to erase the debt by instituting Socialism.
They'll just say that everything we own is subject to taxation and they'll take whatever they want from us.

A cool link below about socialism, but goes against what you say. It's been socialism for the wealthy in this country for the most part.

Robert Reich: Socialism for the Rich, Capitalism for the Rest

Big business are capitalists when they are making money.

When they lose money they quickly become socialists with their hands out for tax dollars to bail them out.

 

[Lakhota]

Donald Trump has achieved another biggest ever number. The national debt now, 2019, $ 22.5 Trillion and accelerating. Donald Trump will keep achieving record numbers for national debt with a new higher number for every year of Donald Trump's tenure.

Donald Trump cannot roll back any of his tax reductions because it will cause a fall in the stock market, especially corporate tax.

This is monstrous that US debt is rising faster than the economy.

Donald Trump was gifted a rising economy and low unemployment from Barak Obama and Donald Trump is now driving the US economy towards a recession with the rate of debt increase faster than the economic growth rate.

The whole basis of the Trump US economic rise is an illusion pumped by blather and bluster whereas the real facts are that wages are not rising faster than costs and the jobs created were mostly minimum wage service jobs.

Government debt is rising and the rate of rise of debt is increasing which will eventually lead to interest payments becoming the biggest budget item.

If there is a recession it could be devastating as the government is already mired in burgeoning budget deficits which will only grow larger in a recession.

The article below is from 2018, however, the current situation is even more serious than it was then.

The US' national debt is rising 36% faster than the economy

... The US' national debt is rising 36% faster than the economy
Simon Black, Sovereign Man Mar. 21, 2018, 5:43 PM

The national debt is rising 36% faster than the US economy.
The US now owes more than $21 trillion.

In a single day last week, from Thursday to Friday, the national debt grew by $73 billion.
Well, it happened again.
On Friday afternoon, the national debt of the United States hit another major milestone, soaring past $21 trillion for the first time ever.
Clearly that is an enormous number… it's actually larger than the size of the entire US economy, which is pretty incredible.
But what's always been the more important story about America's pile of debt is how rapidly it's growing.
For example, in the span of a SINGLE DAY, from Thursday to Friday, the national debt grew by $73 BILLION. In a day.
To put that number in context, $73 billion is larger than the size of most major companies like General Motors, Ford, and Southwest Airlines.
And in the month of February alone, the national debt grew by an astounding $215 billion.
$215 billion is larger than the GDP of New Zealand. Greece. Oregon. More than twice the size of the GDP of New Mexico. Just in a single month.
Most disturbingly, the national debt has grown by more than $1 TRILLION… just in the last SIX MONTHS.
I'm scratching my head right now wondering- where did they spend all that money? Was there a major economic crisis, wave of bank failures, or severe depression that required massive fiscal stimulus?
Nope. It was just business as usual.
Even better, the economy was supposedly doing totally awesome over the last six months.
And yet, even with all that positivity, the government still managed to rack up an extra trillion dollars in debt.
Amazing.
One important point to make is that debt growth is VASTLY outpacing GDP growth. And this is critical to understand.
Last year, for example, the US economy grew by 2.5% in 'real' terms, i.e. stripping out inflation.
Even if you include inflation in the calculation, the size of the US economy increased by 4.4%. Yet the national debt grew by 6%.
Now that might not seem like a big difference. But it is. On a proportional basis, the national debt expanded 36% faster than the US economy (even if you include inflation).
Over the course of several years, that effect compounds into something that's quite nasty.
At the end of 2008, for example, the size of the US economy was $14.5 trillion. A decade later, the size of the economy is $19.7 trillion, 36% greater.
Yet over the past ten years, the national debt has grown from $9.4 trillion to over $21 trillion- a growth rate of 123%!
It's really, really hard to pretend that this is good news.
But that doesn't stop people from trying.
We're constantly being told the same old nonsense that "the debt doesn't matter" because we owe it to ourselves.
And, sure, it's true that the US government owes a lot of this money to various institutions across America. Like Social Security. Or the US banking system. Or the Federal Reserve.
I find it difficult to see the good news here… as if it would somehow be beneficial to default on (and hence bankrupt) Social Security. Or the US banking system. Or the Federal Reserve.
Doing so would cause the most drastic financial cataclysm ever before seen in the United States.

Republicans don't care - until Democrats regain power.

 

[mudwhistle]

Donald Trump has achieved another biggest ever number. The national debt now, 2019, $ 22.5 Trillion and accelerating. Donald Trump will keep achieving record numbers for national debt with a new higher number for every year of Donald Trump's tenure.

Donald Trump cannot roll back any of his tax reductions because it will cause a fall in the stock market, especially corporate tax.

This is monstrous that US debt is rising faster than the economy.

Donald Trump was gifted a rising economy and low unemployment from Barak Obama and Donald Trump is now driving the US economy towards a recession with the rate of debt increase faster than the economic growth rate.

The whole basis of the Trump US economic rise is an illusion pumped by blather and bluster whereas the real facts are that wages are not rising faster than costs and the jobs created were mostly minimum wage service jobs.

Government debt is rising and the rate of rise of debt is increasing which will eventually lead to interest payments becoming the biggest budget item.

If there is a recession it could be devastating as the government is already mired in burgeoning budget deficits which will only grow larger in a recession.

The article below is from 2018, however, the current situation is even more serious than it was then.

The US' national debt is rising 36% faster than the economy

... The US' national debt is rising 36% faster than the economy
Simon Black, Sovereign Man Mar. 21, 2018, 5:43 PM

The national debt is rising 36% faster than the US economy.
The US now owes more than $21 trillion.

In a single day last week, from Thursday to Friday, the national debt grew by $73 billion.
Well, it happened again.
On Friday afternoon, the national debt of the United States hit another major milestone, soaring past $21 trillion for the first time ever.
Clearly that is an enormous number… it's actually larger than the size of the entire US economy, which is pretty incredible.
But what's always been the more important story about America's pile of debt is how rapidly it's growing.
For example, in the span of a SINGLE DAY, from Thursday to Friday, the national debt grew by $73 BILLION. In a day.
To put that number in context, $73 billion is larger than the size of most major companies like General Motors, Ford, and Southwest Airlines.
And in the month of February alone, the national debt grew by an astounding $215 billion.
$215 billion is larger than the GDP of New Zealand. Greece. Oregon. More than twice the size of the GDP of New Mexico. Just in a single month.
Most disturbingly, the national debt has grown by more than $1 TRILLION… just in the last SIX MONTHS.
I'm scratching my head right now wondering- where did they spend all that money? Was there a major economic crisis, wave of bank failures, or severe depression that required massive fiscal stimulus?
Nope. It was just business as usual.
Even better, the economy was supposedly doing totally awesome over the last six months.
And yet, even with all that positivity, the government still managed to rack up an extra trillion dollars in debt.
Amazing.
One important point to make is that debt growth is VASTLY outpacing GDP growth. And this is critical to understand.
Last year, for example, the US economy grew by 2.5% in 'real' terms, i.e. stripping out inflation.
Even if you include inflation in the calculation, the size of the US economy increased by 4.4%. Yet the national debt grew by 6%.
Now that might not seem like a big difference. But it is. On a proportional basis, the national debt expanded 36% faster than the US economy (even if you include inflation).
Over the course of several years, that effect compounds into something that's quite nasty.
At the end of 2008, for example, the size of the US economy was $14.5 trillion. A decade later, the size of the economy is $19.7 trillion, 36% greater.
Yet over the past ten years, the national debt has grown from $9.4 trillion to over $21 trillion- a growth rate of 123%!
It's really, really hard to pretend that this is good news.
But that doesn't stop people from trying.
We're constantly being told the same old nonsense that "the debt doesn't matter" because we owe it to ourselves.
And, sure, it's true that the US government owes a lot of this money to various institutions across America. Like Social Security. Or the US banking system. Or the Federal Reserve.
I find it difficult to see the good news here… as if it would somehow be beneficial to default on (and hence bankrupt) Social Security. Or the US banking system. Or the Federal Reserve.
Doing so would cause the most drastic financial cataclysm ever before seen in the United States.

Republicans don't care - until Democrats regain power.

I have not seen a more perfect case of projection in quite some time.

This is so bogus.

Democrats have this crazy habit of using Republican cost-cutting measures as an excuse for their failure to properly lead their areas of responsibility......rather than admit their neglect.

 

[Mac1958]

Unfortunately for the USA, the debt increased more than the GDP. The rise of the debt could be unstoppable.

Under our present political system, there's nothing stopping it.

Look at what just happened - a President from a party that claims to be fiscally responsible just exploded the debt in a period of growth, creating a short term economic sugar high, and he's celebrated for it. This is madness.

So, to deflect, they'll point to his predecessor, who inherited an economic disaster and spent us out of it - standard Keynesian theory that did precisely what it was supposed to do. But Keynes himself would have argued against what Trump did, because we were not in a recession.

When our elected representatives can get away with this and still have support, what's to stop it?
.

 

[mudwhistle]

Debt doesn’t matter
Especially when a Republican is President

Are you aware Obama doubled the debt in 8 years?

How much of that debt was caused by business bailout programs enacted BEFORE Obama took office?

How much of Trumps debt was from programs enacted before HE took office? When you ask questions of one you must ask them of the other.

Answer the question; How much of that debt was caused by business bailout programs enacted BEFORE Obama took office?

Well....since Bush, Bubba, and Barry are all playing for the same team (Globalists) who gives a fuck.

 

[mudwhistle]

Donald Trump has achieved another biggest ever number. The national debt now, 2019, $ 22.5 Trillion and accelerating. Donald Trump will keep achieving record numbers for national debt with a new higher number for every year of Donald Trump's tenure.

Donald Trump cannot roll back any of his tax reductions because it will cause a fall in the stock market, especially corporate tax.

This is monstrous that US debt is rising faster than the economy.

Donald Trump was gifted a rising economy and low unemployment from Barak Obama and Donald Trump is now driving the US economy towards a recession with the rate of debt increase faster than the economic growth rate.

The whole basis of the Trump US economic rise is an illusion pumped by blather and bluster whereas the real facts are that wages are not rising faster than costs and the jobs created were mostly minimum wage service jobs.

Government debt is rising and the rate of rise of debt is increasing which will eventually lead to interest payments becoming the biggest budget item.

If there is a recession it could be devastating as the government is already mired in burgeoning budget deficits which will only grow larger in a recession.

The article below is from 2018, however, the current situation is even more serious than it was then.

The US' national debt is rising 36% faster than the economy

... The US' national debt is rising 36% faster than the economy
Simon Black, Sovereign Man Mar. 21, 2018, 5:43 PM

The national debt is rising 36% faster than the US economy.
The US now owes more than $21 trillion.

In a single day last week, from Thursday to Friday, the national debt grew by $73 billion.
Well, it happened again.
On Friday afternoon, the national debt of the United States hit another major milestone, soaring past $21 trillion for the first time ever.
Clearly that is an enormous number… it's actually larger than the size of the entire US economy, which is pretty incredible.
But what's always been the more important story about America's pile of debt is how rapidly it's growing.
For example, in the span of a SINGLE DAY, from Thursday to Friday, the national debt grew by $73 BILLION. In a day.
To put that number in context, $73 billion is larger than the size of most major companies like General Motors, Ford, and Southwest Airlines.
And in the month of February alone, the national debt grew by an astounding $215 billion.
$215 billion is larger than the GDP of New Zealand. Greece. Oregon. More than twice the size of the GDP of New Mexico. Just in a single month.
Most disturbingly, the national debt has grown by more than $1 TRILLION… just in the last SIX MONTHS.
I'm scratching my head right now wondering- where did they spend all that money? Was there a major economic crisis, wave of bank failures, or severe depression that required massive fiscal stimulus?
Nope. It was just business as usual.
Even better, the economy was supposedly doing totally awesome over the last six months.
And yet, even with all that positivity, the government still managed to rack up an extra trillion dollars in debt.
Amazing.
One important point to make is that debt growth is VASTLY outpacing GDP growth. And this is critical to understand.
Last year, for example, the US economy grew by 2.5% in 'real' terms, i.e. stripping out inflation.
Even if you include inflation in the calculation, the size of the US economy increased by 4.4%. Yet the national debt grew by 6%.
Now that might not seem like a big difference. But it is. On a proportional basis, the national debt expanded 36% faster than the US economy (even if you include inflation).
Over the course of several years, that effect compounds into something that's quite nasty.
At the end of 2008, for example, the size of the US economy was $14.5 trillion. A decade later, the size of the economy is $19.7 trillion, 36% greater.
Yet over the past ten years, the national debt has grown from $9.4 trillion to over $21 trillion- a growth rate of 123%!
It's really, really hard to pretend that this is good news.
But that doesn't stop people from trying.
We're constantly being told the same old nonsense that "the debt doesn't matter" because we owe it to ourselves.
And, sure, it's true that the US government owes a lot of this money to various institutions across America. Like Social Security. Or the US banking system. Or the Federal Reserve.
I find it difficult to see the good news here… as if it would somehow be beneficial to default on (and hence bankrupt) Social Security. Or the US banking system. Or the Federal Reserve.
Doing so would cause the most drastic financial cataclysm ever before seen in the United States.

Reagan is IMO the 'father' of the modern run your nation into the ground with deficit spending POTUS.
The whole concept of massive deficit spending in the modern age accelerated EXPONENTIALLY during Reagan's tenure.
There are plenty of reasons to question why so many Americans consider Reagan to be such a good POTUS but of the issue of deficit spending alone, Reagan was a fucking unmitigated DISASTER.
Reagan also ushered in the modern era of destroying American trade & worker unions but that is a whole different can of worms.

Trump is the self proclaimed 'king of debt' but Trump took advantage of bankruptcy laws & then eventually Saudi, Russian, and German banks to navigate fucking over his creditors, and many others.
The fact remains that as POTUS Trump is placing public debt upon the US at a record pace; there is no debating that point.
Trump's tax cuts for the wealthiest 1% and for the corporations resulted in a LOSS of tax receipts that is resulting in increased record deficits & increased record public debt.
This is occurring in a time frame in which we are being told the, "economy is the best ever" by Trump and by many others.

IF the economy is so great then why in Hell aren't we as a nation paying down the national debt?
Trump is a LIAR, a lying sac of shit.
There is no other way to explain the abomination that is Trump.
Keep believing those LIES folks. You know you love it.

IF the economy is so great then why in Hell aren't we as a nation paying down the national debt?

Good question. Why is Congress increasing spending constantly? If DJT gets second term, I suppose he will have to do something on debt-spending and you will howl and bark. Congress is proven useless with DEMS and RINO Ryan Bohener etc.

He is getting fat Euro countries to pay more of their provided Defense, getting Fair Trade. Why are DEMs not signing off USMCA?

So, you forgot that any POTUS has the authority to veto any budget presented by Congress?

And you passed what; 2nd grade?

So that's why the Democrats paid for the government with one CR after another.
A real budget has automatic controls.

 

[MisterBeale]

I love how everyone is blaming these different presidents for signing budgets that are passed by these variously elected congresses critters. Both sides are to blame and the entire system is now corrupt and beyond redemption.


You can't blame this on one party or the other.


All these folks are culpable.

*****WHY DEFICITS STOPPED MATTERING*****
*****WHY DEFICITS STOPPED MATTERING***** | Market Skeptics

FRAUD DRIVEN BY DESPERATION, NOT PROFITS

"A common mistake in reaction to all the fraud going on is thinking that it is motivated by profits (ie: greed on Wall Street). This is equivalent of looking at how handsomely Madoff's auditors profited from the Ponzi scheme and concluding that the whole thing was motivated by their greed. Of course, this is wrong. The Ponzi scheme was motivated by Madoff's desperation to avoid going to jail for the rest of his life, and the auditors were simply being bribed. This is what is happening today.

While hundreds of people on Wall Street, in the media, and elsewhere are profiting for their roles in deceiving Americans and the world, this profiting should be regarded as "bribes" for participating in the government's own massive fraud. The underlying reason for everything is the government's desire to prevent inflation (which its deficits should be causing).

"Greedy bankers" aren't corrupting Washington. Washington is corrupting (bribing) "greedy bankers". This anonymous comment from the web sums up the situation nicely. The system is corrupted and corrupting. It is not reasonable, let alone realistic, to expect saints or martyrs, so to speak, to materialize in sufficient numbers to turn the tide. The system itself is so degenerate, so perverted, top to bottom, that it will never reform itself willingly or voluntarily, especially if the money holds up tolerably well. There is far too much in the way of vested interests, both material and psychological, for the system to face the truth (assuming it even could) and act accordingly. Lies beget more lies, and fraud begets more fraud. The system, I'm afraid, has gone past the point of no return. It must keep the game going at all costs…"

*****WHY DEFICITS STOPPED MATTERING***** | Market Skeptics

*****What I have been afraid to blog about: THE ESF AND ITS HISTORY (Part 1-5)***** | Market Skeptics

Exchange Stabilization Fund

 

[Denizen]

Donald Trump has achieved another biggest ever number. The national debt now, 2019, $ 22.5 Trillion and accelerating. Donald Trump will keep achieving record numbers for national debt with a new higher number for every year of Donald Trump's tenure.

Donald Trump cannot roll back any of his tax reductions because it will cause a fall in the stock market, especially corporate tax.

This is monstrous that US debt is rising faster than the economy.

Donald Trump was gifted a rising economy and low unemployment from Barak Obama and Donald Trump is now driving the US economy towards a recession with the rate of debt increase faster than the economic growth rate.

The whole basis of the Trump US economic rise is an illusion pumped by blather and bluster whereas the real facts are that wages are not rising faster than costs and the jobs created were mostly minimum wage service jobs.

Government debt is rising and the rate of rise of debt is increasing which will eventually lead to interest payments becoming the biggest budget item.

If there is a recession it could be devastating as the government is already mired in burgeoning budget deficits which will only grow larger in a recession.

The article below is from 2018, however, the current situation is even more serious than it was then.

The US' national debt is rising 36% faster than the economy

... The US' national debt is rising 36% faster than the economy
Simon Black, Sovereign Man Mar. 21, 2018, 5:43 PM

The national debt is rising 36% faster than the US economy.
The US now owes more than $21 trillion.

In a single day last week, from Thursday to Friday, the national debt grew by $73 billion.
Well, it happened again.
On Friday afternoon, the national debt of the United States hit another major milestone, soaring past $21 trillion for the first time ever.
Clearly that is an enormous number… it's actually larger than the size of the entire US economy, which is pretty incredible.
But what's always been the more important story about America's pile of debt is how rapidly it's growing.
For example, in the span of a SINGLE DAY, from Thursday to Friday, the national debt grew by $73 BILLION. In a day.
To put that number in context, $73 billion is larger than the size of most major companies like General Motors, Ford, and Southwest Airlines.
And in the month of February alone, the national debt grew by an astounding $215 billion.
$215 billion is larger than the GDP of New Zealand. Greece. Oregon. More than twice the size of the GDP of New Mexico. Just in a single month.
Most disturbingly, the national debt has grown by more than $1 TRILLION… just in the last SIX MONTHS.
I'm scratching my head right now wondering- where did they spend all that money? Was there a major economic crisis, wave of bank failures, or severe depression that required massive fiscal stimulus?
Nope. It was just business as usual.
Even better, the economy was supposedly doing totally awesome over the last six months.
And yet, even with all that positivity, the government still managed to rack up an extra trillion dollars in debt.
Amazing.
One important point to make is that debt growth is VASTLY outpacing GDP growth. And this is critical to understand.
Last year, for example, the US economy grew by 2.5% in 'real' terms, i.e. stripping out inflation.
Even if you include inflation in the calculation, the size of the US economy increased by 4.4%. Yet the national debt grew by 6%.
Now that might not seem like a big difference. But it is. On a proportional basis, the national debt expanded 36% faster than the US economy (even if you include inflation).
Over the course of several years, that effect compounds into something that's quite nasty.
At the end of 2008, for example, the size of the US economy was $14.5 trillion. A decade later, the size of the economy is $19.7 trillion, 36% greater.
Yet over the past ten years, the national debt has grown from $9.4 trillion to over $21 trillion- a growth rate of 123%!
It's really, really hard to pretend that this is good news.
But that doesn't stop people from trying.
We're constantly being told the same old nonsense that "the debt doesn't matter" because we owe it to ourselves.
And, sure, it's true that the US government owes a lot of this money to various institutions across America. Like Social Security. Or the US banking system. Or the Federal Reserve.
I find it difficult to see the good news here… as if it would somehow be beneficial to default on (and hence bankrupt) Social Security. Or the US banking system. Or the Federal Reserve.
Doing so would cause the most drastic financial cataclysm ever before seen in the United States.

Reagan is IMO the 'father' of the modern run your nation into the ground with deficit spending POTUS.
The whole concept of massive deficit spending in the modern age accelerated EXPONENTIALLY during Reagan's tenure.
There are plenty of reasons to question why so many Americans consider Reagan to be such a good POTUS but of the issue of deficit spending alone, Reagan was a fucking unmitigated DISASTER.
Reagan also ushered in the modern era of destroying American trade & worker unions but that is a whole different can of worms.

Trump is the self proclaimed 'king of debt' but Trump took advantage of bankruptcy laws & then eventually Saudi, Russian, and German banks to navigate fucking over his creditors, and many others.
The fact remains that as POTUS Trump is placing public debt upon the US at a record pace; there is no debating that point.
Trump's tax cuts for the wealthiest 1% and for the corporations resulted in a LOSS of tax receipts that is resulting in increased record deficits & increased record public debt.
This is occurring in a time frame in which we are being told the, "economy is the best ever" by Trump and by many others.

IF the economy is so great then why in Hell aren't we as a nation paying down the national debt?
Trump is a LIAR, a lying sac of shit.
There is no other way to explain the abomination that is Trump.
Keep believing those LIES folks. You know you love it.

IF the economy is so great then why in Hell aren't we as a nation paying down the national debt?

Good question. Why is Congress increasing spending constantly? If DJT gets second term, I suppose he will have to do something on debt-spending and you will howl and bark. Congress is proven useless with DEMS and RINO Ryan Bohener etc.

He is getting fat Euro countries to pay more of their provided Defense, getting Fair Trade. Why are DEMs not signing off USMCA?

So, you forgot that any POTUS has the authority to veto any budget presented by Congress?

And you passed what; 2nd grade?

So that's why the Democrats paid for the government with one CR after another.
A real budget has automatic controls.

Donald Trump doesn't do automatic.

Donald Trump heeds the decisions of his gut.

 

[Denizen]

I love how everyone is blaming these different presidents for signing budgets that are passed by these variously elected congresses critters. Both sides are to blame and the entire system is now corrupt and beyond redemption.


You can't blame this on one party or the other.


All these folks are culpable.

*****WHY DEFICITS STOPPED MATTERING*****
*****WHY DEFICITS STOPPED MATTERING***** | Market Skeptics

FRAUD DRIVEN BY DESPERATION, NOT PROFITS

"A common mistake in reaction to all the fraud going on is thinking that it is motivated by profits (ie: greed on Wall Street). This is equivalent of looking at how handsomely Madoff's auditors profited from the Ponzi scheme and concluding that the whole thing was motivated by their greed. Of course, this is wrong. The Ponzi scheme was motivated by Madoff's desperation to avoid going to jail for the rest of his life, and the auditors were simply being bribed. This is what is happening today.

While hundreds of people on Wall Street, in the media, and elsewhere are profiting for their roles in deceiving Americans and the world, this profiting should be regarded as "bribes" for participating in the government's own massive fraud. The underlying reason for everything is the government's desire to prevent inflation (which its deficits should be causing).

"Greedy bankers" aren't corrupting Washington. Washington is corrupting (bribing) "greedy bankers". This anonymous comment from the web sums up the situation nicely. The system is corrupted and corrupting. It is not reasonable, let alone realistic, to expect saints or martyrs, so to speak, to materialize in sufficient numbers to turn the tide. The system itself is so degenerate, so perverted, top to bottom, that it will never reform itself willingly or voluntarily, especially if the money holds up tolerably well. There is far too much in the way of vested interests, both material and psychological, for the system to face the truth (assuming it even could) and act accordingly. Lies beget more lies, and fraud begets more fraud. The system, I'm afraid, has gone past the point of no return. It must keep the game going at all costs…"

*****WHY DEFICITS STOPPED MATTERING***** | Market Skeptics

*****What I have been afraid to blog about: THE ESF AND ITS HISTORY (Part 1-5)***** | Market Skeptics

Exchange Stabilization Fund

Blame it on the Bossanova.

 

[MisterBeale]

I love how everyone is blaming these different presidents for signing budgets that are passed by these variously elected congresses critters. Both sides are to blame and the entire system is now corrupt and beyond redemption.


You can't blame this on one party or the other.


All these folks are culpable.

*****WHY DEFICITS STOPPED MATTERING*****
*****WHY DEFICITS STOPPED MATTERING***** | Market Skeptics

FRAUD DRIVEN BY DESPERATION, NOT PROFITS

"A common mistake in reaction to all the fraud going on is thinking that it is motivated by profits (ie: greed on Wall Street). This is equivalent of looking at how handsomely Madoff's auditors profited from the Ponzi scheme and concluding that the whole thing was motivated by their greed. Of course, this is wrong. The Ponzi scheme was motivated by Madoff's desperation to avoid going to jail for the rest of his life, and the auditors were simply being bribed. This is what is happening today.

While hundreds of people on Wall Street, in the media, and elsewhere are profiting for their roles in deceiving Americans and the world, this profiting should be regarded as "bribes" for participating in the government's own massive fraud. The underlying reason for everything is the government's desire to prevent inflation (which its deficits should be causing).

"Greedy bankers" aren't corrupting Washington. Washington is corrupting (bribing) "greedy bankers". This anonymous comment from the web sums up the situation nicely. The system is corrupted and corrupting. It is not reasonable, let alone realistic, to expect saints or martyrs, so to speak, to materialize in sufficient numbers to turn the tide. The system itself is so degenerate, so perverted, top to bottom, that it will never reform itself willingly or voluntarily, especially if the money holds up tolerably well. There is far too much in the way of vested interests, both material and psychological, for the system to face the truth (assuming it even could) and act accordingly. Lies beget more lies, and fraud begets more fraud. The system, I'm afraid, has gone past the point of no return. It must keep the game going at all costs…"

*****WHY DEFICITS STOPPED MATTERING***** | Market Skeptics

*****What I have been afraid to blog about: THE ESF AND ITS HISTORY (Part 1-5)***** | Market Skeptics

Exchange Stabilization Fund

Blame it on the Bossanova.

Bossa nova - Wikipedia