Watch the debt rise over the next few months.

[acptulsa]

Remember that the amount the public debt goes up is almost double the deficit. We'll hit 22 trillion this year, easily.

Are you trying to get people interested in interest?

It's awfully hard to interest people in interest, unless they can get some of it.

 

[devil21]

Trump needs to run $2T deficits now just to keep up with the law of diminishing returns. Anything less is outside of the historical debt and deficit trend lines and actually shows the slow collapse of the system underway.

 

[Zippyjuan]

 

[acptulsa]

What? That was the exact same brand of 'logic' Democrats use, the Federal Reserve uses, and you have used.

The Democrats like to use it when they, just to name one example, say they cut the budget when all they did was reduce spending increases below the projected spending increases. The Fed has used logic very similar to that to explain why the same inflation which robs our salaries and our savings of value is good for us. And the Zippy Group has used it to explain that the U.S. gold standard was a pegging of the value of the dollar to gold, when in fact it was using gold as dollars.

 

[Madison320]

Whoa, big jump. Just about to hit 21 trillion. 20,957,314,831,621

That's 460 billion since we re-suspended the debt ceiling last month.

https://www.treasurydirect.gov/NP/debt/current

 

[devil21]

Lucky number 21 approaching?

777

Probably reached on 322.


(Feelin' dumb over some previous predictions. 777 on 322 should have been easy. smh)

 

[Madison320]

Lucky number 21 approaching?

777

Probably reached on 322.


(Feelin' dumb over some previous predictions. 777 on 322 should have been easy. smh)

All I know is we have some catching up to do. We were basically borrowing a trillion a year, we should've hit 21 trillion 3 months ago but the debt ceiling messed us up. But we've got clear sailing for awhile, we should be able to hit 22 trillion by the end of the year.

 

[Madison320]

Yay! 21 trillion!

21,031,067,004,766

https://treasurydirect.gov/NP/debt/current

 

[DamianTV]

US National Debt Hits $21 Trillion
https://www.zerohedge.com/news/2018-03-16/us-national-debt-hits-21-trillion