The National Debt Near The End of Q3

[HikerGuy83]

The national debt was 33.17 Trillion at the end of 2023.

As of today, it is 35.35 Trillion.

At this rate, we will be pushing 36 trillion dollars come the end of 2024.

That means whoever is in charge will see it tick over to 40 trillion before they leave the W.H.

This really sucks.

Fiscal Data Explains the National Debt

Check out @FiscalService Fiscal Data’s new national debt page! #NationalDebt

fiscaldata.treasury.gov

 

[Dante]

The national debt was 33.17 Trillion at the end of 2023.

As of today, it is 35.35 Trillion.

At this rate, we will be pushing 36 trillion dollars come the end of 2024.

That means whoever is in charge will see it tick over to 40 trillion before they leave the W.H.

This really sucks.

Fiscal Data Explains the National Debt

Check out @FiscalService Fiscal Data’s new national debt page! #NationalDebt

fiscaldata.treasury.gov

It's okay. Trump supports debt. Did you not get the memo?

Trump has bragged about being the King of Debt.

 

[HikerGuy83]

It's okay. Trump supports debt. Did you not get the memo?

Trump has bragged about being the King of Debt.

Hey, trollboi,

Wondering when you might show up.

And troll.

 

[Dante]

Hey, trollboi,

Wondering when you might show up.

And troll.

try and stay on topic



“What really impressed me was when he started taking it on the chin,” Mr. King said. “He turned bankruptcy into a business.”

Don King said What really impressed him was when Trump started taking it on the chin Trump turned bankruptcy into a business

 

[HikerGuy83]

According to a very good website, there three main drivers for our debt.

1 Aging population -- Social Security
2. Rising Health Care Costs
3. Inadequate Taxes

 

[HikerGuy83]

try and stay on topic



“What really impressed me was when he started taking it on the chin,” Mr. King said. “He turned bankruptcy into a business.”

Don King said What really impressed him was when Trump started taking it on the chin Trump turned bankruptcy into a business

And that impacts the national debt how ?

Don't push the idea of staying on topic unless you know what the topic is....trolllboi.

 

[g5000]

The national debt was 33.17 Trillion at the end of 2023.

As of today, it is 35.35 Trillion.

At this rate, we will be pushing 36 trillion dollars come the end of 2024.

That means whoever is in charge will see it tick over to 40 trillion before they leave the W.H.

This really sucks.

Fiscal Data Explains the National Debt

Check out @FiscalService Fiscal Data’s new national debt page! #NationalDebt

fiscaldata.treasury.gov

Yep.

The federal debt is by far my number one issue.

But so long as the rubes bleev the GOP is the party of fiscal responsibility, the debt will continue to climb until our country is destroyed. Until the feet of BOTH parties is held to the fire, things are just going to keep getting worse.

Way back in 1996, the Democrats and the Republicans jointly decided to do something about our debt, when it was a puny $5 trillion. They actually created a downward trajectory for our debt.

Then Bush thought it was a good idea to cancel that and enact two sets of tax cuts. Plus, he invaded Iraq and Afghanistan.

Bush and the GOP Congress managed to double our debt to $10 trillion.

Then came Obama who wrote checks with his campaign promises the American people could not cash.

Then came Trump who immediately set about doubling the deficit and matching Obama's debt in half the time.

And now Biden, and a $2 trillion deficit. Jesus!

One of the great mysteries of the ages is how Republican voters were brainwashed into bleeving their party is fiscally responsible.

As much as I can't stand Newt Gingrich, we badly need his Congress back.

 

[BackAgain]

It's okay. Trump supports debt. Did you not get the memo?

Trump has bragged about being the King of Debt.

 

[BluesLegend]

The national debt was 33.17 Trillion at the end of 2023.

As of today, it is 35.35 Trillion.

At this rate, we will be pushing 36 trillion dollars come the end of 2024.

That means whoever is in charge will see it tick over to 40 trillion before they leave the W.H.

This really sucks.

Fiscal Data Explains the National Debt

Check out @FiscalService Fiscal Data’s new national debt page! #NationalDebt

fiscaldata.treasury.gov

Something that huge needs to be called the national disaster.

 

[g5000]

And that impacts the national debt how ?

Don't push the idea of staying on topic unless you know what the topic is....trolllboi.

One of Trump's taglines during his 2016 campaign was, "I'm the King of Debt".

He was not kidding!

He said he would end the debt in eight years. Instead, he added $8 trillion in half the time it took Obama.

 

[HikerGuy83]

Something that huge needs to be called the national disaster.

Trump never said anything in the 1st debate. He should have destroyed Joe Biden with it.

Trump never said anything in the 2nd debate. He should have destroyed Harris with it.

 

[IDIOCRACY]

The national debt was 33.17 Trillion at the end of 2023.

As of today, it is 35.35 Trillion.

At this rate, we will be pushing 36 trillion dollars come the end of 2024.

That means whoever is in charge will see it tick over to 40 trillion before they leave the W.H.

This really sucks.

Fiscal Data Explains the National Debt

Check out @FiscalService Fiscal Data’s new national debt page! #NationalDebt

fiscaldata.treasury.gov

Wow, 3 trillion a year and no recent crisis, amazing. Wasn't long ago one trillion a year was an alarming number. Golly, I wonder why the inflation?

 

[HikerGuy83]

This isn't a Republican or a Democrat thing.

It's time to wake up.

 

[Papageorgio]

The national debt was 33.17 Trillion at the end of 2023.

As of today, it is 35.35 Trillion.

At this rate, we will be pushing 36 trillion dollars come the end of 2024.

That means whoever is in charge will see it tick over to 40 trillion before they leave the W.H.

This really sucks.

Fiscal Data Explains the National Debt

Check out @FiscalService Fiscal Data’s new national debt page! #NationalDebt

fiscaldata.treasury.gov

Both parties are all about debt, the raise spending, cut taxes and here we are again. Neither party is responsible with the debt, just buying votes and more debt.

 

[g5000]

I have explained many times exactly how we can pay off the debt and eventually lower tax rates for everyone.

First, eliminate all tax expenditures except the EITC. They are costing us $1.4 trillion a year.

Second, raise the Social Security and Medicare eligibility ages to 70, immediately, and index the age to 9 percent of the population going forward. We are living much longer than our ancestors, we should be working longer. The over 65 demographic was 5.4% of the population in 1935. Today, they are 16%. That is unsustainable.

Third, we need to take a hard look at the defense budget. It's out of control. The one thing I agree with Trump on is that Europe needs to pay for their own defense. They look down their noses at us for not having the same social safety nets they do, and then when there is trouble we are the first phone call they make to save their asses.

These simple things would provide a huge surplus in revenue which we can use to pay down the debt. When the debt is paid, we can significantly lower tax rates.

 

[BluesLegend]

Trump never said anything in the 1st debate. He should have destroyed Joe Biden with it.

Trump never said anything in the 2nd debate. He should have destroyed Harris with it.

The fact is nobody other than fiscal conservatives gives a shit about the debt or how gigantic it's become or that it's increasing exponentially. Here's what's going to happen, first in a panic the politicians will jack up taxes through the roof. When that fails this entire house of cards will crash down. Then people will know real pain and suffering when this spending party comes to an end.

 

[g5000]

Another concern of mine is the Fed's balance sheet.

It's crazy huge. About $9 trillion. And not all of that is federal debt holdings. A lot of it is commercial paper. Mortgage backed securities. Which is fucking bullshit.

 

[progressive hunter]

According to a very good website, there three main drivers for our debt.

1 Aging population -- Social Security
2. Rising Health Care Costs
3. Inadequate Taxes

the only thing driving the debt is an oversized bloated government that doest know how to cut spending,,

they have all the taxmoney they need and more,,

 

[progressive hunter]

I have explained many times exactly how we can pay off the debt and eventually lower tax rates for everyone.

First, eliminate all tax expenditures except the EITC. They are costing us $1.4 trillion a year.

Second, raise the Social Security and Medicare eligibility ages to 70, immediately, and index the age to 9 percent of the population going forward. We are living much longer than our ancestors, we should be working longer. The over 65 demographic was 5.4% of the population in 1935. Today, they are 16%. That is unsustainable.

Third, we need to take a hard look at the defense budget. It's out of control. The one thing I agree with Trump on is that Europe needs to pay for their own defense. They look down their noses at us for not having the same social safety nets they do, and then when there is trouble we are the first phone call they make to save their asses.

These simple things would provide a huge surplus in revenue which we can use to pay down the debt. When the debt is paid, we can significantly lower tax rates.

and you have been shown many times why that wont work,,

 

[IDIOCRACY]

According to a very good website, there three main drivers for our debt.

1 Aging population -- Social Security
2. Rising Health Care Costs
3. Inadequate Taxes

I don't buy it.

Inadequate taxes? Come-on. They can suck it, govt is waste, and they're paid the best perks, and work inside the best buildings.

Rising healthcare costs? Hmmmm....What, Obamacare and Medicare not quite up to speed? That's what happens when the govt. tries to control shit.

Social Security? Well shit, that's not even part of the "US National Debt". It's currently supposed to be positive, but govt. beginning with Lyndon Johnson decided it was best used elsewhere, so they "burrowed it".

No offense to you, short maybe healthcare costs I think they're full of BS