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United States National Debt - Latest Total

Discussion in 'News & Current Events' started by KenH, Feb 26, 2024.

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  1. MrW

    MrW Well-Known Member

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    That's true too. Maybe they would waste it on some vets, for a change.

    I read years ago that every time Congress raised taxes a dollar, they raised spending a dollar and a half, or something to that effect. Whatever, it was counter-effective.
     
    #21 MrW, Jun 5, 2024
  2. JonC

    JonC Moderator
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    I suspect they'd find a way to line their own pockets.
     
    #22 JonC, Jun 5, 2024
  3. MrW

    MrW Well-Known Member

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    "People are more likely to be right in what they affirm than in what they deny." F.D. Maurice

    I affirm eternal life for those who are born again believers. Silverhair unfortunately denies eternal life to some and translates it to temporary life.

    The fact is, Christ promised His sheep eternal life, so if they have ever been saved, they have eternal life, not temporary life.
     
    #23 MrW, Jun 6, 2024
  4. KenH

    KenH Well-Known Member

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    United States National Debt - Latest Amount

    upload_2024-6-27_7-51-35.png
     
    #24 KenH, Jun 27, 2024
  5. KenH

    KenH Well-Known Member

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    upload_2024-7-29_15-33-34.png
     
    #25 KenH, Jul 29, 2024
  6. JonC

    JonC Moderator
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    Yep.. . We are almost back where we were in 2020 (3.24% to go). :(

    Note: this is debt to gdp (the actual way to measure debt...e.g., owing on a 500k home if you make $25k a year vs if you make 800k a year isn't the same financial situation).

    The difference, though, is 2020 reflected COVID, where as we don't have that excuse today.
     
    #26 JonC, Jul 29, 2024
  7. KenH

    KenH Well-Known Member

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    The U.S. economy is $29 trillion. Thus, the U.S. national debt is 121% of the U.S. national economy. And the national debt is growing much faster than the national economy.
     
    #27 KenH, Jul 29, 2024
  8. JonC

    JonC Moderator
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    Yep. We are tracking to reach 2020 (126.24%) and keep on going.

    Trump left us at our highest debt rate in history (2020) and I think Biden is on track to exceed or meet that.

    COVID had a lot to do with Trump holding the debt record in history. BUT even before COVID Trump had brought us back to post WW2 1936 debt.


    Problem is both political parties seem to want to spend in order to buy support.
     
    #28 JonC, Jul 29, 2024
  9. KenH

    KenH Well-Known Member

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    The Republicans and the Democrats may disagree on a lot of stuff, but they certainly agree on growing the national debt of the United States.

    upload_2024-8-15_7-54-26.png
     
    #29 KenH, Aug 15, 2024
  10. KenH

    KenH Well-Known Member

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    United States National Debt - Latest Amount.

    upload_2024-9-17_16-52-56.png
     
    #30 KenH, Sep 17, 2024
  11. KenH

    KenH Well-Known Member

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    During fiscal year 2024, the Republican and Democratic Parties added $2.3 trillion to the United States national debt.

    upload_2024-10-2_12-40-17.png
     
    #31 KenH, Oct 2, 2024
  12. KenH

    KenH Well-Known Member

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    The national debt increased $243 billion in the first 11 days of the 2025 fiscal year. At that pace, extrapolated over 365 days, the national debt is increasing at the rate of $8 trillion for the total 2025 fiscal year.

    upload_2024-10-15_18-2-36.png
     
    #32 KenH, Oct 15, 2024
  13. Piers Plowman

    Piers Plowman New Member

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    If I owe a bank $100 and can't pay it back, that's my problem.
    If I owe a bank a million and can't pay it back, that's now the bank's problem.
    Same story here, methinks. If U.S. ignores this deficit... is there a way for other nations to hold it accountable...?
     
    #33 Piers Plowman, Oct 16, 2024
    • Useful Useful x 1
  14. KenH

    KenH Well-Known Member

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    Neither major party U.S. presidential candidate is talking about this; neither has put forth a plan to balance the federal budget over the next four years, the length of a presidential term in office. And, other than a few oddballs like me, no one among the American people is talking about this. If you are still alive when this national debt fiasco comes to a head, you will wish that you, and the politicians, had been talking about it.

    upload_2024-10-24_15-14-8.png
     
    #34 KenH, Oct 24, 2024
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