The interest on the debt reaches 1 trillion.

[KissMy]

STFU 50 year politicians did this crap troll

55% of Trump's economy was Government Spending!

 

[eagle1462010]

55% of Trump's economy was Government Spending!

Brought to you by dumb fucks shut down the world bitch
.
Career Swamp creatures did this crap.

And you Worship the SOBs.

How about reinstate the ENUMERATED POWERS. Then they cant spend shit.

 

[leftwinger]

just noticed that the $1Trillion mark is a bit of a fiction. It's the latest quarter extrapolated --iow if we magically repeated this last quarter four more times.

otoh the previous year --2023-- is bad enough and we've got to stop it:
View attachment 966271
--and we may end up just like in the bad old days of Tip Oneal. My question is that since congress is the source of the budget, why is the Rep controlled congress spending so much money since a Dem president took over. Like, presidents don't have THAT much authority. My suspicion is that our Rep congress is a bit sloppy here.

Your thoughts?

Your chart appears to be showing INTEREST divided by REVENUE. approaching 2% of spending? that does not make good sense? 1T/7T = 14%? Guess I don't know what that chart is showing?

 

[KissMy]

Remove the Interest on Republican debts & Ukraine War then Biden would currently be running a large surplus!

 

[sparky]

You folks creating all this economic drama miss the one crucial point of it all

~S~

 

[eagle1462010]

You folks creating all this economic drama miss the one crucial point of it all

~S~

Corrupt govt spending stealing on anything they please.

 

[KissMy]

55% of Trump's economy was Government Spending!

Trump blames strong dollar for U.S. economy ‘going to hell’

"Trump says the dollar is too strong"

"Trump want's a weaker US dollar"

"JD Vance want's a weaker US dollar"

Kiss your savings & pension goodbye and enjoy massive inflation!

Destroying the US dollar is & has been the only goal of Republicans. The US Dollar is like Government bonds that's value is based on the full faith & credit of the US Government.

100% of Republican law makers signed Norquist no tax pledge to "shrink government and drown it" in debt. They never signed a pledge to shrink spending, they actually increase spending to explode debt to destroy government credit & US Dollar! Then they undermined our faith in the voting system & attacked the US Capitol to finish the job.

Republicans are the money printers, deficit inflation exploding & big spenders! Republican Nixon took the US Dollar off the Gold standard in 1971. Trump printed 5 times more than all presidents in history COMBINED! Republicans #1 Goal is to Print, Print, Print & Spend, Spend, Spend!!!

Democrats pay for spending with taxes & spending cuts that prevents deficits & inflation. Without those spending cuts, the tax cuts only increase deficit, money printing, interest on debt & inflation taxation forever.

Treasury Secretary Paul O’Neill tried to warn Republican Vice President Dick Cheney that his plan to explode budget deficits posed a threat to the economy. Cheney cut him off. “You know, Paul, Reagan proved deficits don’t matter,”...“We won the midterms. This is our due.” A month later, Cheney told the Treasury secretary he was fired.

Reagan Republicans Bush & Trump caused our Debt problems!!!

 

[Captain Caveman]

55% of Trump's economy was Government Spending!

Trump blames strong dollar for U.S. economy ‘going to hell’

"Trump says the dollar is too strong"

"Trump want's a weaker US dollar"

"JD Vance want's a weaker US dollar"

Kiss your savings & pension goodbye and enjoy massive inflation!

Destroying the US dollar is & has been the only goal of Republicans. The US Dollar is like Government bonds that's value is based on the full faith & credit of the US Government.

100% of Republican law makers signed Norquist no tax pledge to "shrink government and drown it" in debt. They never signed a pledge to shrink spending, they actually increase spending to explode debt to destroy government credit & US Dollar! Then they undermined our faith in the voting system & attacked the US Capitol to finish the job.

Republicans are the money printers, deficit inflation exploding & big spenders! Republican Nixon took the US Dollar off the Gold standard in 1971. Trump printed 5 times more than all presidents in history COMBINED! Republicans #1 Goal is to Print, Print, Print & Spend, Spend, Spend!!!

Democrats pay for spending with taxes & spending cuts that prevents deficits & inflation. Without those spending cuts, the tax cuts only increase deficit, money printing, interest on debt & inflation taxation forever.

Treasury Secretary Paul O’Neill tried to warn Republican Vice President Dick Cheney that his plan to explode budget deficits posed a threat to the economy. Cheney cut him off. “You know, Paul, Reagan proved deficits don’t matter,”...“We won the midterms. This is our due.” A month later, Cheney told the Treasury secretary he was fired.

Reagan Republicans Bush & Trump caused our Debt problems!!!

During Barack Obama’s presidency, the U.S. total outstanding debt increased by almost $8.34 trillion, the biggest dollar increase of any president.

 

[KissMy]

During Barack Obama’s presidency, the U.S. total outstanding debt increased by almost $8.34 trillion, the biggest dollar increase of any president.

You Idiot!

In 4 short years Trump added $9 Trillion in debt plus he printed an additional $5 Trillion = $14 Trillion inflation tax on US.

Bush2 hid his tax cut, exported manufacturing & failed economy in subprime trash derivatives backed by Government when he signed no money down loans "The American Dream Act" of 2003. That imploded in 2008 causing Obama to have to bail out Bush failed economy, massive job loss & exported manufacturing. Yet Obama save US by adding only half as much debt in 8 years as Trump added in 4 years.

Also Obama increased the Strategic Oil Reserve (SPR) to the highest record level ever. Trump only drained the SPR down every week, month & every year.

 

[Captain Caveman]

You Idiot!

In 4 short years Trump added $9 Trillion in debt plus he printed an additional $5 Trillion = $14 Trillion inflation tax on US.

Bush2 hid his tax cut, exported manufacturing & failed economy in subprime trash derivatives backed by Government when he signed no money down loans "The American Dream Act" of 2003. That imploded in 2008 causing Obama to have to bail out Bush failed economy, massive job loss & exported manufacturing. Yet Obama save US by adding only half as much debt in 8 years as Trump added in 4 years.

Also Obama increased the Strategic Oil Reserve (SPR) to the highest record level ever. Trump only drained the SPR down every week, month & every year.

You just disagreed with facts. The president that put the most debt on was Obama, you idiot.

 

[Harpy Eagle]

You just disagreed with facts. The president that put the most debt on was Obama, you idiot.

Obama is a slacker, it took him 7 of his 8 years to add as much debt as Trump did in 4.

 

[Mr Natural]

Another round tax cuts for the billionaires will take care of the debt problem.

 

[skews13]

is is the poison fruit of manufactured inflation, endless wars, and buying political support. This is just for the privilege of borrowing money from the bankers, not the principal which also goes up. It's why we can't have nice things because debt is slavery, only nicer. U.S. Debt Interest Payments Reach $1 Trillion

It's the poison fruit of giving tax cuts to corporations, and the filthy rich for the last 40 years, and having to borrow the money to replace the taxes, which has to be paid back with interest.

Where the fuck does everybody think that "debt" came from? Social welfare was all but ended in the 90's, so it isn't that. Just ask Newt Gingrich.

It isn't social security, and medicare, because they are paid for through payroll taxes. Medicare was cut when the medicare advantage scam was created by Republicans during the George W. Bush administration. So it isn't that.

It isn't education, or food assistance programs, which have been cut continuously. So it isn't that.

What is the one thing government spending has continually increased on, year after year since the end of WW2?

What could it possibly be?

What corporations, have the government continuously given more and more tax payer subsidies to, year after year since the end of WW1.

What industries could it possibly be?

Don't like current government debt, deficits, and interest payments?

End all of the tax cut give aways to corporations, and the filthy rich.

End all subsidy give aways to every corporation that gets them.

Freeze military spending.

 

[Captain Caveman]

Obama is a slacker, it took him 7 of his 8 years to add as much debt as Trump did in 4.

Timescale is irrelevant.

 

[skews13]

During Barack Obama’s presidency, the U.S. total outstanding debt increased by almost $8.34 trillion, the biggest dollar increase of any president.

Yep. Sure did, and he didn't have to spend a dime for it to happen.

Tax Cuts Are Primarily Responsible for the Increasing Debt Ratio

Without the Bush and Trump tax cuts, debt as a percentage of the economy would be declining permanently.

www.americanprogress.org

 

[Mikeoxenormous]

MSN

U.S. national debt hits new record, topping $35 trillion

The U.S. national debt has surpassed $35 trillion for the first time. The financial hole is mounting quicker than most economists had predicted. David Wessel, senior fellow in economic studies at Brookings and director of the Hutchins Center on Fiscal and Monetary Policy, joins CBS News to assess the problem

Anyone with a brain would of seen this happening, because there was no new pandemic, but Joe Bribem spent more money on bogus bankrupt ideas, that produced nothing, so the all mighty dollar soared into very high food, fuel, and healthcare costs. We are so fucked that now i dont even think anything can stop the Marxist's train wreck. The left is drooling over the aspect that once the dollar collapses they can come in with communism and rule over all of US. I just know that the left is so retarded that they wont know how pissed the 200 million armed US citizens are going to be when the fateful day happens.

 

[KissMy]

Trump told Gary Cohn to 'print money' to lower the national debt

"Just run the presses — print money," Trump said, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

 

[Mikeoxenormous]

Trump told Gary Cohn to 'print money' to lower the national debt

"Just run the presses — print money," Trump said, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

From your own link, which i guess you stupidly avoided to read..

Cohn on Tuesday pushed back on the Woodward book. The former Goldman Sachs banker told Axios: "This book does not accurately portray my experience at the White House. I am proud of my service in the Trump Administration, and I continue to support the President and his economic agenda."

Trump, meanwhile, has dismissed the book as a "scam" filled with "made up" quotes.

 

[expat_panama]

Your chart appears to be showing INTEREST divided by REVENUE. approaching 2% of spending?

That is correct. The debt service (how much the federal borrowing is costing) has come back up toward the 2% level we had back in the 1980's.

that does not make good sense?

We need to both come together on the fact that our posts only make sense to the poster and it's the reader's job to identify the info he lacks.

1T/7T = 14%? Guess I don't know what that chart is showing?

Right, you're evidently not following this. Please remember that this thread began w/ a post about an article talking about debt interest...

This is the poison fruit of manufactured inflation, endless wars, and buying political support. This is just for the privilege of borrowing money from the bankers, not the principal which also goes up. It's why we can't have nice things because debt is slavery, only nicer. U.S. Debt Interest Payments Reach $1 Trillion

--which was why I took issue w/ what I considered to border on being a cheap shot.

The way Americans talk about the debt seems to depend on whether their faction controls the executive branch. Back when Obama was a senator he voted against raising the debt ceiling for GW Bush saying that "his" spending was a "failure of leadership". Later when Obama was president he magically changed his mind and soared the debt. Same nonsense w/ Trump and that's show-biz.

Real life is that we want a national debt but we don't want it to be an excessive burden. A few years ago the U.S. Treasury was selling T-bills at ZERO % interest. No cost to borrowing. Same time Switzerland was selling 'em at negative interest so they actually made money going into debt. imho that's ok.

Bottom line. Debt burden's gotten worse but it's not yet as bad as it was when it was getting out of hand. We don't want that so we need to clean up our act now. We together on this?

 

[Hollie]

This is the poison fruit of manufactured inflation, endless wars, and buying political support. This is just for the privilege of borrowing money from the bankers, not the principal which also goes up. It's why we can't have nice things because debt is slavery, only nicer. U.S. Debt Interest Payments Reach $1 Trillion

So, Biden decides this is the time for another vote buying scheme by dumping more student debt on to the piles of debt that preceded this latest dump.