In September of 2023 the national debt was 33 trillion dollars. Today it is over 34 trillion dollars. Joe Biden will add another 4 trillion dollars.

[Mikeoxenormous]

$33 trillion
The U.S. national debt hit nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up the difference.

Why the U.S. economy need…​

cnbc.com

The US national debt hits a new all-time high of $34 trillion

• The US national debt just hit a new all-time high of $34 trillion.
• Lawmakers had raised the government's borrowing limit last June to skirt a national default.
• Government forecasters in 2020 had projected the US to reach this level of debt in 2029.

• Just think in 3 months the Joe Bidumb admin added 1 trillion dollars of debt, and by the end of this year, his total for 4 years is going to be over 8 trillion dollars of debt, and there is not pandemic for emergency funding to help people live. And you think inflation is in check? No way, the more the US goes deeper in debt the more the dollars shrinks. Post WWI Germany went bankrupt with billions of debt, is the US going to do the same? You Marxists/Demofascists better hope not, because then the dollar cant buy anything, there are going to be a lot of angry people looking for the Bidumb/CamelToe bumper stickers...

 

[Woodznutz]

On the bright side, if those who hold our notes don't continue to buy them the government might be forced to actually print debt-free money as well as reduce spending.

 

[Donald H]

The growing competition from the Brics can't be helpful for America's economic woes!

MSN

 

[mudwhistle]

$33 trillion
The U.S. national debt hit nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up the difference.

Why the U.S. economy need…​

cnbc.com

The US national debt hits a new all-time high of $34 trillion

• Just think in 3 months the Joe Bidumb admin added 1 trillion dollars of debt, and by the end of this year, his total for 4 years is going to be over 8 trillion dollars of debt, and there is not pandemic for emergency funding to help people live. And you think inflation is in check? No way, the more the US goes deeper in debt the more the dollars shrinks. Post WWI Germany went bankrupt with billions of debt, is the US going to do the same? You Marxists/Demofascists better hope not, because then the dollar cant buy anything, there are going to be a lot of angry people looking for the Bidumb/CamelToe bumper stickers...

This is why Republicans are resigning. They're being blackmailed into leaving office....so the spending cannot stop.

 

[pknopp]

He has failed, just as Trump, Obama, Bush did.

 

[Mushroom]

And this is history because...

No idea, but gotta post this kinda thing everywhere, right?

 

[Moonglow]

The day the govt. stops feeding the capitalistic dragon the beast will die.

 

[Mikeoxenormous]

And this is history because...

No idea, but gotta post this kinda thing everywhere, right?

Was 2023 in the History books or was it now?

 

[Toddsterpatriot]

On the bright side, if those who hold our notes don't continue to buy them the government might be forced to actually print debt-free money as well as reduce spending.

Debt free money? Because Bidenflation wasn't bad enough?

 

[Mushroom]

Was 2023 in the History books or was it now?

If anything, this is "current events".

But it has been moved out of "history" where it was originally posted, so "economics" is good enough.

 

[Woodznutz]

He has failed, just as Trump, Obama, Bush did.

They failed the people, and the people failed them. So, we're even.

 

[Woodznutz]

Debt free money? Because Bidenflation wasn't bad enough?

Debt free money adds equity to the economy, not more debt.

Inflation only happens if people actually pay those inflated prices. Also,
lots of bargains are to be had during periods of inflation. Many merchants are forced to lower prices below pre-inflation levels in order sell their stuff. Private sellers do this as well if they are strapped for cash.

 

[Toddsterpatriot]

Debt free money adds equity to the economy, not more debt.

Inflation only happens if people actually pay those inflated prices. Also,
lots of bargains are to be had during periods of inflation. Many merchants are forced to lower prices below pre-inflation levels in order sell their stuff. Private sellers do this as well if they are strapped for cash.

What's debt free money?

 

[Woodznutz]

What's debt free money?

Money that you don't have to pay back.

 

[Toddsterpatriot]

Money that you don't have to pay back.

Like FRNs?

 

[Woodznutz]

Like FRNs?

FRN's are just another debt instrument.

 

[Mikeoxenormous]

If anything, this is "current events".

But it has been moved out of "history" where it was originally posted, so "economics" is good enough.

Not 3 months ago, sorry that is in the past. Now what is happening today, that is not history yet.

 

[Toddsterpatriot]

FRN's are just another debt instrument.

What's the interest rate? What's the term?

 

[Woodznutz]

What's the interest rate? What's the term?

From what I read the term is 2 to 5 years, floating interest rates pegged to a basket of Fed note rates.

 

[Toddsterpatriot]

From what I read the term is 2 to 5 years, floating interest rates pegged to a basket of Fed note rates.

I have some FRNs in my wallet. Does someone owe me money?
Or do I owe someone else money?