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During Barack Obama’s presidency, the U.S. total outstanding debt increased by almost $8.34 trillion, the biggest dollar increase of any president.
Again, if debt interest s reported as now $1T. Govt spending is $7T. How is that not debt/spending = ~14%?lacks.
Right, you're evidently not following this. Please remember that this thread began w/ a post about an article talking about debt interest...
Tax and spend Dems have always killed jobs. They Strangle business with costly regulations and taxes. Tjen business passes on that cost to the consumer, or LEAVES.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!!!
Republicans KILL Jobs! Democrats are the job creators.Tax and spend Dems have always killed jobs. They Strangle business with costly regulations and taxes. Tjen business passes on that cost to the consumer, or LEAVES.
Then poor listen to idiots like this poster above and wonder why everything costs more.
If you were right business wouldnt be leaving Cali and New York.
Had to put this creature on ignore. Just cant take this amount of stupidity.Republicans KILL Jobs! Democrats are the job creators.
More Jobs Created Under Democrat President Clinton administration than under Republicans Ford + Reagan + Bush1 + Bush2 + Trump COMBINED!!!
More Jobs Created Under Democrat President Biden administration than under Republicans Ford + Reagan + Bush1 + Bush2 + Trump COMBINED!!!
More Jobs Created Under Democrat President Obama administration than under Republicans Ford + Reagan + Bush1 + Bush2 + Trump COMBINED!!!
More Jobs Created Under Democrat President Carter administration than under Republicans Ford + Reagan + Bush1 + Bush2 + Trump COMBINED!!!
Let's get together on the fact that interest has not reached $1T, even though the pundit's oped said it reached $1T. Here's the oped graph:Again, if debt interest s reported as now $1T.
That would be an imaginary interest payment as a % of spending. Usually we measure actual interest as a payment's % of borrowing.Govt spending is $7T. How is that not debt/spending = ~14%?
whoa NEAT!What Are Interest Costs on the National Debt?.
654 Billion on Interest payments
Growing rapidly and Will grow to over a Trillion a year.
A path to the eventual collapse of the dollar
Here is the national debt clock. Look at the unfunded bank interest recieived...Let's get together on the fact that interest has not reached $1T, even though the pundit's oped said it reached $1T. Here's the oped graph:
View attachment 989778
The pundit said that their numbers were from the Fed. Here's what the Fed actually says:
View attachment 989783
The pundit may have been thinking of something else but his numbers are not what the Fed says. If you don't understand this please stop reading and tell me so. If you can follow this then continue.
That would be an imaginary interest payment as a % of spending. Usually we measure actual interest as a payment's % of borrowing.
You are an Idiot.whoa NEAT!
View attachment 989812
Now that this is taken care of the rest of us can go back to seeing interest as not even 2% of total spending -not that much of a burden. If it gets over 2%, then we can bring it back down. Hey, we've done it before.
seeing interest as not even 2% of total spending -not that much of a burden.
Actually, last year it was more like $1.4 trillion.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
craignelsen.substack.com
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
Let the dollar collapse and watch what will happen to those in government who allowed this shit to happen. They will flee to some other country while the savages plunder and loot what is left.This contry has so much debt that they will never pay it off.
I would move to New Zealand before that happens.Let the dollar collapse and watch what will happen to those in government who allowed this shit to happen. They will flee to some other country while the savages plunder and loot what is left.
It could get quite crowded on that island nation, if 200 million people suddenly packed up and moved there.I would move to New Zealand before that happens.
Well at least I would live in the countryside. I live in the countryside near the coast right now. Thank God I'm a country boy.It could get quite crowded on that island nation, if 200 million people suddenly packed up and moved there.
