National debt hits $21 trillion

[enhanced_deficit]

US Debt approaching $25T.

Jeff: (01:36:07)
Are you concerned, sir, about the growing US national debt as a result of these stimulus packages?



Donald Trump: (01:36:12)
Oh, we have no choice. Do we have a choice? I’m always concerned about everything. We had to fix this problem. This was… We were attacked. This was an attack. This wasn’t just OG, and this wasn’t the flu, by the way. They like to say the flu. Nobody has ever seen anything like this. 1917, was the last time. We were attacked… We had the greatest economy in the history of the world, we had the greatest economy… Better than China, better than any place, they will tell you that. I dealt with them for a long time and they will you, the greatest economy, we built it in the last three years, three and a half years, we built it. And then one day, they came and they said, “You have to close it.” I said, “You got to be…” These people right here, they said, “You have to… They came into my office, into The Oval Office, and they said, “We have to close the economy.” I said, ” Let’s explain this. Explain this to me.” The greatest ever in history, and we had to close it.

https://www.rev.com/blog/transcripts...cript-april-22

 

[Anti Federalist]

LOL - What in the world gave you that idea?

That said, who cares?

At $21 trillion, this is now purely academic, this debt will never be paid, it can't be paid.

There are only three options:

A - Kick the can down the road indefinitely, or at least until that becomes impossible, which then leaves only options B and C.

B - Default and tell all our debt holders to pound sand.

C - War.

B and C on the way.

 

[enhanced_deficit]

B and C on the way.

[h=1]US, Chinese warships enter South China Sea as tensions rise over oil dispute[/h] April 23, 2020
https://nypost.com/2020/04/23/us-chinese-warships-enter-south-china-sea-over-oil-dispute/

Hopefully peace will prevail. And the only taxpayers funded war will be against the invisible-enemy aka COVID-19.

 

[Sammy]

Its now 24.6 Trillion.
https://www.usdebtclock.org/

 

[enhanced_deficit]

Its now 24.6 Trillion.
https://www.usdebtclock.org/

Yep, it could be over $25 pretty soon way Dems-GOP-GOPA leaders are working as a team to get stimulus spending #4.5 done next.

 

[enhanced_deficit]

With Tea Party in forced quarantine (apparently), the debt is ballooning unchecked under the bipartisan leadership of DGTvsg/GOPA, Pelosi, Hillary Clinton:

US national debt hits a record $25 trillion

Trump pledged to remove the national debt within eight years of office. Four years in, it has risen by $5 trillion. And it shows no signs of slowing down.

By Daniel Phillips
May 7, 2020

In brief

• The US national debt just crossed $25 trillion for the first time in history.
• The national debt is now just inches away from breaking the record for highest debt to GDP ratio in US history.
• There are growing suggestions that the US should shirk its debt obligations to China.

The United States national debt has just crossed the $25 trillion threshold after adding $7 trillion in the last five years.

Since the start of the 2019/2020 fiscal year (beginning October 1, 2019), the US national debt has ballooned by more than 10% alone, climbing from $22.7 billion to its current value of $25 trillion, or $25,057,924,023,406.80 to be precise.

ecrypt.co/27675/us-national-debt-hits-a-record-25-trillion

 

[Anti Globalist]

Now we're at 25 trillion and will probably hit 30 trillion by the end of Trump's presidency. Massie even said that if this lock down continues, we could be at 40 trillion by the end of the year.

 

[enhanced_deficit]

Now we're at 25 trillion and will probably hit 30 trillion by the end of Trump's presidency.

You have to admit that globalist neocons got game; they took global wars bloodshed to new highs after installing a 'Nobel Peace Prize winner' in the White House and took debt spending to record highs after installing a Tea Party 'extreme spending cutter' as VP (who reports to a democrats funding former democrat/reality TV star).

Mike Pence: “I was Tea Party before it was cool”

 

[enhanced_deficit]

H/T Drudge:

FEDERAL DEBT TOPS $26 TRILL

SPENDING SMASHES RECORDS




Not too worried about this though, just one small bucket in the small gummit ocean:

Donald Trump Jr. cost taxpayers more than $75,000 to take a father-and-son trip to Mongolia last August to hunt an endangered argali sheep
9 June 2020

https://www.dailymail.co.uk/news/art...-Mongolia.html

 

[enhanced_deficit]

Another big play thanks to big-gummit big-spender progressive socialism synergy between improperly labeled GOPA wing and Democrats.


Federal Spending Tops $6 Trillion for First Time; Deficit Tops $3 Trillion for First Time

By Terence P. Jeffrey | September 11, 2020

(Photo by Doug Mills-Pool/Getty Images)
(CNSNews.com) - Federal spending has topped $6 trillion for the first time in any fiscal year in the nation’s history and the federal deficit has topped $3 trillion for the first time, according to the Monthly Treasury Statement for August that was released today.
There is still another month left in fiscal 2020, which runs through the end of September.



Rand Paul: Republicans should apologize to Obama for complaining about spending

 

[Firestarter]

On the campaign trail, Donald Trump promised to get rid of the US national debt (in 8 years). Even before the coronavirus “pandemic” was started the US debt continued to balloon; since then it has literally skyrocketed.
If you think things are bad now, just wait until the bubble of everything explodes!

In 1980, US public debt was $863 billion. It took 192 years and 39 presidents to get there…
According to the US Debt Clock, today the US national debt exceeds $27 trillion.

From 2007 to 2010, the Fed funnelled $29 trillion in “secret bailouts”…
In 2020, the Fed handed out over $9 trillion to fund BlackRock’s bailout plan.

Reagan budget director David Stockman described the BlackRock and Vanguard owned and controlled Federal Reserve as:

a rogue institution that comprises a clear and present danger to the future of prosperity and liberty in America.
Wall Street speculators and US politicians don’t grasp the danger of “the most egregiously inflated financial bubble ever.
(W)e’re on the cusp of a economic crisis that could eclipse anything we’ve seen before. And most people won’t be prepared for what’s coming.

https://www.globalresearch.ca/us-greatest-depression-unfolding/5726677

 

[enhanced_deficit]

On the campaign trail, Donald Trump promised to get rid of the US national debt (in 8 years). Even before the coronavirus “pandemic” was started the US debt continued to balloon; since then it has literally skyrocketed.
If you think things are bad now, just wait until the bubble of everything explodes!

In 1980, US public debt was $863 billion. It took 192 years and 39 presidents to get there…
According to the US Debt Clock, today the US national debt exceeds $27 trillion.

From 2007 to 2010, the Fed funnelled $29 trillion in “secret bailouts”…
In 2020, the Fed handed out over $9 trillion to fund BlackRock’s bailout plan.

Reagan budget director David Stockman described the BlackRock and Vanguard owned and controlled Federal Reserve as:
https://www.globalresearch.ca/us-greatest-depression-unfolding/5726677

They don't call him 'king of debt' for nothin:



Rand Paul: Republicans should apologize to Obama for complaining about spending

Trump's Crazy Military Budget
cato.org
Mar 11, 2019 — Trump's Crazy Military Budget ... Pentagon officials had reportedly anticipated a budget of $733 billion,..

Donald Trump Has Added Trillions to the US Military Budget
jacobinmag.
Sep 14, 2020 — Though it did fall gradually between 2010 and 2015, military spending has been steadily rising since 2016 — from $586 billion in 2015 to some ...

 

[enhanced_deficit]

This among other things may also help explain recent sharp spike in debt under Trump-Pelosi watch:

US Hospitals Received Up to $306,000 for Each New COVID Case

 

[enhanced_deficit]

Steadily approaching $30T:

https://www.usdebtclock.org/


Thank you Congress for taking on this challenge promptly:


US debt limit could be reached by Dec. 21, analysis shows

US could breach debt limit as soon as Dec. 15, according to bipartisan analysis

By Megan Henney FOXBusiness

Congress faces Dec. 15 debt ceiling deadline

The U.S. government could run out of cash to pay its bills in just a few weeks if Congress fails to raise the federal debt ceiling, according to a new analysis from a Washington think tank.
The forecast from the Bipartisan Policy Center shows the "X Date" – the day when Treasury Secretary Janet Yellen runs out of maneuvering room to prevent the U.S. from broaching the debt ceiling – will take place sometime between Dec. 21 and Jan. 28.

"Those who believe the debt limit can safely be pushed to the back of the December legislative pileup are misinformed," Shai Akabas, the center's director of economic policy, said in a statement. "Congress would be flirting with financial disaster if it leaves for the holiday recess without addressing the debt limit."

The U.S. has never defaulted on its debt before, although it came close in 2011 when House Republicans refused to pass a debt-ceiling increase, prompting rating agency Standard and Poor's to downgrade the U.S. debt rating one notch.
If the U.S. failed to raise or suspend the debt limit, it would eventually have to temporarily default on some of its obligations, which could have serious and negative economic implications. Interest rates would likely spike, and demand for Treasurys would drop; even the threat of default can cause borrowing costs to increase.
Once the U.S. runs out of money, Treasury would be unable to meet about 40% of all payments due in the several weeks that follow, according to the analysis.

foxbusiness.com/economy/us-debt-limit-reached-dec-21-bipartisan-policy-center