US Debt Clock: Shooting War On The Horizon?

[Samofvt]

National Debt, December 26, 2016: $21.29 Trillion
National Debt, December 26, 2020: $29.28 Trillion
National Debt, December 26, 2024: $36.27 Trillion

Debt Per US Citizen (man, woman, and child), December 26, 2024: $107,141

Total Assets (sum of public, household, and business assets): $221.7 Trillion
Total Unfunded US Government Liabilities: $222.1 Trillion

Everyone should take a look at the U.S. National Debt Clock.

On a full screen browser, it looks like this:

Even if it's off by a little bit here or there...

Can ANYONE deny that the federal government is out of control with its spending?

Can ANYONE deny that we need D.O.G.E. or something like it, and in a BIG HURRY?

The only rational way out is to cut federal spending and also increase our gross domestic product. I will not allow the property I've worked my whole life for to be taken by the tax man just because he wants to spend money he doesn't have and then turn around and bully me out.

I predict a nationwide shooting war if this continues: freedom loving citizens vs extortionist/bully state and federal workers.

 

[Thunk]

Can ANYONE deny that we need D.O.G.E. or something like it, and in a BIG HURRY?

Since congress already authorized the spending of that money...Once DOGE eliminates it...I wonder if Trump can use that saved money to deport illegals and finish building the wall

 

[toobfreak]

Total Unfunded US Government Liabilities: $222.1 Trillion

What is the problem? That is merely $222,100,000,000,000.00, a million dollars about 220 million times, or about $650,000 in liability for every living person in the country right down to the baby in a stroller! No sweat! The Fed rocks! America is a ponzi scheme built upon egg shells!

 

[Rambunctious]

It is estimated to be over 40 trillion by the end of 2025 if we can't put the brakes on....

 

[Winco]

Trump doesn't care about the National Debt? That's why he appointed Musk and Ramaswamy as co-leaders of DOGE to cut $2 trillion of waste, ineffeciency, ineffectiveness, corruption out of the federal budget?

So is team trump really going to LOWER the National Debt by 2 Trillion, or is that ^^^^^^ taken out of context?

 

[Rambunctious]

So is team trump really going to LOWER the National Debt by 2 Trillion, or is that ^^^^^^ taken out of context?

Well Team Biden sure wouldn't... we know that for sure....
Right?...

 

[Samofvt]

So is team trump really going to LOWER the National Debt by 2 Trillion, or is that ^^^^^^ taken out of context?

I'd be happy if we can stay in a budget without going over for starters. That includes paying the interest on existing debt (the biggest expense). If they can hit that target for a few years, then maybe work on paying it down. $1 trillion pay down per year will take 40 years.

 

[sparky]

It's an issue with serious consequences......~S~

 

[Foxfyre]

So is team trump really going to LOWER the National Debt by 2 Trillion, or is that ^^^^^^ taken out of context?

He hopes to cut out wasteful/ineffective/inefficient/corrupt spending by 2 trillion. That all by itself would be an amazing feat and soooo good for America and Americans.

The debt is a separate issue.

 

[The Duke]

So is team trump really going to LOWER the National Debt by 2 Trillion, or is that ^^^^^^ taken out of context?

Trump wants to get things right for Americans. Why is that so hard for you to understand?
That's part of it, yes.

 

[Thunk]

Lets look at the ramifications of this debt.

First of all the US dollar loses some of it's value...that means a juicy delicious ribeye steak (cooked to perfection with salt & pepper) goes from $8 to $16...then $32

Then to $64 and then $128

Then to $256 and then $512

Then $1,024 and then $2,048

Then the currency collapses into nothingness and we all die.

 

[sparky]

Lets look at the ramifications of this debt.

First of all the US dollar loses some of it's value...that means a juicy delicious ribeye steak (cooked to perfection with salt & pepper) goes from $8 to $16...then $32

Then to $64 and then $128

Then to $256 and then $512

Then $1,024 and then $2,048

Then the currency collapses into nothingness and we all die.

have i gotta deal for you!>>>>

~S~

 

[initforme]

He hopes to cut out wasteful/ineffective/inefficient/corrupt spending by 2 trillion. That all by itself would be an amazing feat and soooo good for America and Americans.

The debt is a separate issue.

As long as lower and middle class workers aren't asked to take cuts in things they need.

 

[Foxfyre]

As long as lower and middle class workers aren't asked to take cuts in things they need.

What would that be?

 

[AzogtheDefiler]

So is team trump really going to LOWER the National Debt by 2 Trillion, or is that ^^^^^^ taken out of context?

But but but but Trump. What would you do if you were the President? Enlighten us.

 

[Samofvt]

But but but but Trump. What would you do if you were the President? Enlighten us.

 

[Ringo]

 

[Ringo]

In the entirety of human history, approximately 205,000 tons of gold have been mined.
The US deficit of $37 trillion equals 605,000 tons of gold.
To call the US bankrupt is an insult to bankruptcy.

 

[luiza]

It's an issue with serious consequences......~S~

It will " blow "and become a "gusher"very soon .
I will be startled if there is not financial and markets mayhem by end February .
imho .