You may not have an interest in the federal debt, but it has an interest in you and your paycheck...
The government will never pay back the national debt. But we will be forced to pay the annual interest debt payments and it is swallowing the bulk of our tax revenue now.
I've always found it both infuriating and fascinating that our government thinks that the answer to being in debt is to keep on spending money they don't have. Hasn't anyone told them that there is no country in history that taxed its way to prosperity? When you're outta cash, quit spending it!
And who exactly is it we're indebted to? They never mention who we owe money to at all.
Which ethnic groups in the USA are on the hook to pay the US public debt? Do people here actually think that non-european americans have to pay the US public debt? Ethnic celtic americans do not view the US public debt as something that ethnic celtic americans have to pay so which ethnic group is left on the hook to pay the US public debt?
They hired 87,000 agents to shake us all down.
shareThe U.S. National Debt has increased by $473 BILLION over the last three weeks.
It now stands at $35.8 TRILLION.
That’s $103,700 of debt for every American.
This is unsustainable.
America is in the fast lane to bankruptcy.
"Who the hell cares about the budget! We're going to have a country!"
....
"you don't have to have a lousy home for first-time home buyers. If you put your mind to it, the first-time home buyer, the low-income home buyer can have just as nice a house as anybody else."
https://georgewbush-whitehouse.archives.gov/news/releases/2002/10/20021015-7.html
44 years of this nonsense...
USA National Debt As Percent of GDP By Year
https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
Last year reported is 2023...
Everyone likes to talk shit about Jimmy Carter...
1976 33%
1980 32%
1984 38%
2016 105%
2019 107%
Democrats have the answer on how to get us out of debt.
Create more debt.
As reported by The Washington Post, Trump said in 2016 that he would be able to get rid of the debt (more than $19 trillion at the time) "over a period of eight years."
https://www.newsweek.com/donald-trump-national-debt-promise-biden-mccarthy-1803344
again, from my prior post, National Debt as Percent of GDP
2016 105%
2019 107%
greatest 3 years economy's ever seen...
What if we just stopped payment to the FED ? This is the last of my $$$$ you big nosed bankers are getting.
shareHeres a list of the only countries with more debt (vs GDP) than USA the numbers are debt as % of GDP
Lebanon 283
Sudan 256
Japan 255
Singapore 168
Eritrea 164
Greece 162
Venezuela 148
Suriname 140
Italy 135
Bhutan 123
United States 122
surprised to see Japan there
According to this site
https://usdebtclock.org/world-debt-clock.html you should add to your list also India, France, Canada, Belgium and the UK.
Interesting the data is different Japan is 303% on that one
Russia seems to be winning!