The National Debt Near The End of Q3

[IDIOCRACY]

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.

I stopped reading at eliminate tax expenditures. Explain how EITC is an expenditure, and why it should be exempt while nothing else is?

 

[Dante]

And that impacts the national debt how ?

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

Fear the Walking Debt!

LOL

Trump doesn't.

 

[HikerGuy83]

Fear the Walking Debt!

LOL

Trump doesn't.

That's a huge problem. But not as big as it's going to be if Harris gets in there and starts her nanny state giveaways.

250 billion in medical debt that she'll pay for (forgive). Wow. Won't take many of those and we'll be at 40 trillion.

I know that is your goal.

At that point, there is no choice but to go marxist. The economy is going to be in shambles.

 

[HikerGuy83]

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?

It is amazing.

This rip-roaring economy and he's going to nearly match the COVID level deficits.

Why Trump didn't bludgeon his ass in the debate I'll never know.

Same for Harris. All her giveaways. Will be paid by our grandchilden and great grandchildren (Harris won't have any).

 

[HikerGuy83]

This is our biggest threat in my estimation.

Some of the sites I see on this are very conservative.....and say we need more taxes.

I believe them.

I wonder why those billionaires that say they want to be taxed more don't just write checks to the government.

I mean who wouldn't.

The Celery Stalk is on track for a 2.8 Trillion dollar deficit in 2024 alone.

So funny that we are projected for 1. 7 Trillion next year. They missed 2024 by almost 50%. So are we looking at 2.5 trillion. Wow.

That would mean in 2026 we could tip 40 Trillion.

Congratulations America. You've done it......to yourselves.

 

[Dante]

That's a huge problem. But not as big as it's going to be if Harris gets in there and starts her nanny state giveaways.

250 billion in medical debt that she'll pay for (forgive). Wow. Won't take many of those and we'll be at 40 trillion.

I know that is your goal.

At that point, there is no choice but to go marxist. The economy is going to be in shambles.

We heard that in 2020

next

 

[HikerGuy83]

We heard that in 2020

next

You heard what ?

Nobody knew Biden would be spending so much money in excess.

And nobody knew how much interest we'd be paying.

If we had another pandemic right now, we'd be in such deep doodoo.

So, spare me the Dick Cheney "Deficits don't matter" garbage.

But then you probably don't have kids so you probably don't care.

 

[Dante]

You heard what ?

Nobody knew Biden would be spending so much money in excess.

And nobody knew how much interest we'd be paying.

If we had another pandemic right now, we'd be in such deep doodoo.

So, spare me the Dick Cheney "Deficits don't matter" garbage.

But then you probably don't have kids so you probably don't care.

take a hike

 

[HikerGuy83]

take a hike

I do on a regular basis.

Run along trollboi

 

[Harpy Eagle]

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

if only anyone had cared about it from 2017 to 2020....

 

[Slade3200]

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

My first question to you would be how well do you understand the National Debt? Do you see it similar to a credit card debt or do you understand the difference and what it really is?

 

[HikerGuy83]

if only anyone had cared about it from 2017 to 2020....

I can promise you I was a huge critic of Trumps.

The deficit under Obama was shrinking. It was still a 1/2 trillion. But it was shrinking.

When 2017 rolled in, I was hacked. It had gone up. And went up again in 2018 and again in 2019.

Mind you, nothing like Biden's. But it went up.

I was very vocal about it.

You heard ZERO about it in both debates.

 

[Harpy Eagle]

This isn't a Republican or a Democrat thing.

It's time to wake up.

as long as 94% of the voting population votes for them, it is a Republican/Democrat thing.

 

[HikerGuy83]

as long as 94% of the voting population votes for them, it is a Republican/Democrat thing.

Fair enough.

 

[Dante]

if only anyone had cared about it from 2017 to 2020....

My first question to you would be how well do you understand the National Debt? Do you see it similar to a credit card debt or do you understand the difference and what it really is?

I can promise you I was a huge critic of Trumps.

The deficit under Obama was shrinking. It was still a 1/2 trillion. But it was shrinking.

When 2017 rolled in, I was hacked. It had gone up. And went up again in 2018 and again in 2019.

Mind you, nothing like Biden's. But it went up.

I was very vocal about it.

You heard ZERO about it in both debates.

some things here need to be verified

 

[HikerGuy83]

We heard that in 2020

next

BTW: I have no more confidence in Trump, than I do in Harris on this issue.

 

[HikerGuy83]

some things here need to be verified

Knock yourself out....literally.

Or we could send you a pager.

 

[Dante]

BTW: I have no more confidence in Trump, than I do in Harris on this issue.

When your glass is always half empty?

Not sure you would get out of bed every day with an outlook on life like that

 

[Dante]

Knock yourself out....literally.

Or we could send you a pager.

take another suck pill

 

[HikerGuy83]

When your glass is always half empty?

Not sure you would get out of bed every day with an outlook on life like that

Stick to the numbers trollboi.

Nobody cares about your take on this.