US Federal Debt Is Expanding At The Fastest Rate Since The Crisis

squarepush3r

squarepush3r

Well-Known Member
https://www.sovereignman.com/trends/us-federal-debt-expanding-at-fastest-rate-since-the-crisis-2-20238/?inf_contact_key=dcc96c3681938e4bfc572158198024f426455b3d21bae56b95cf9e1248d65c6f

Submitted by Simon Black via SovereignMan.com,

A few days ago, the federal debt of the United States rather quietly and unceremoniously passed the $19.5 trillion mark.

And while that figure may seem absolutely confounding, what’s even more alarming is how rapidly the US government is racking up this debt.

In fact, for the 2016 fiscal year that ends in just ten more days, the US government’s debt growth of $1.36 trillion is on track to be the third biggest annual increase ever.

The only two years in all of US history that posted higher US debt growth were 2009 and 2010– the peak of the financial crisis.



Even more acutely, last month the US federal debt grew by $151.5 billion.

Not counting the financial crisis, and a few anomalous months following a debt ceiling reset, August 2016 was the single biggest expansion of US debt EVER.

In other words, US federal debt is expanding at its fastest rate since the financial crisis, and one of the fastest rates in all of US history.

This isn’t supposed to be happening. We’re in ‘peacetime’. The financial crisis is over. The economy is supposedly growing, and unemployment is supposedly falling.

None of the normal big deficit triggers exists; if you read the mainstream press, the news about the US economy is all rainbows and buttercups.

You’d think they would actually be running a surplus at this point and paying down the debt. Or at a minimum the rate of debt growth would be shrinking.

But no. Despite all of this good economic news, the government is still piling up debt at record levels.



If the debt is growing this quickly in good times, just imagine how dire the debt situation will become once the economy slows down and recession kicks in.
 
I

Illinois Enema Bandit

Well-Known Member
shit,this means were all getting another lecture from his royal Highness obunghole about hating on Islam & other phobic catch phrase shit :spew:

I can't wait until he's out of office & just another dummy like Dan quale .
 
I

Illinois Enema Bandit

Well-Known Member
Drowning-Man said:
Nothing will change no matter who's president
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about 80% of the time I'd say your right & nothing changes but the faces,every now & then the circumstances of an outgoing establishment leave a situation where great wealth can be achieved,or more depression & hopelessness,it depends on how the new comer manipulates the pile of shit they are left with.

example is George Bush & Bill Clinton,most people I know struggled horribly the last 2 years under Bush #1,within 6 months under Bill everybody was working 60 hours a week across the board,he capitalized on the pile of shit he was left with correctly & we thrived,america is on the same cliff again the way I see it,with Hillary we will have lots more of what we have right now & for me that's a no bueno,nearly every family I know has somebody out of work long term & that must change,for everybody's sake let's hope your not right this election or were all screwed .
 
Drowning-Man

Drowning-Man

Well-Known Member
Illinois Enema Bandit said:
about 80% of the time I'd say your right & nothing changes but the faces,every now & then the circumstances of an outgoing establishment leave a situation where great wealth can be achieved,or more depression & hopelessness,it depends on how the new comer manipulates the pile of shit they are left with.

example is George Bush & Bill Clinton,most people I know struggled horribly the last 2 years under Bush #1,within 6 months under Bill everybody was working 60 hours a week across the board,he capitalized on the pile of shit he was left with correctly & we thrived,america is on the same cliff again the way I see it,with Hillary we will have lots more of what we have right now & for me that's a no bueno,nearly every family I know has somebody out of work long term & that must change,for everybody's sake let's hope your not right this election or were all screwed .
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I think the pile of shit is way to big to clean up even with all the dump trucks in America
 
Wilderb

Wilderb

Well-Known Member
squarepush3r said:
https://www.sovereignman.com/trends/us-federal-debt-expanding-at-fastest-rate-since-the-crisis-2-20238/?inf_contact_key=dcc96c3681938e4bfc572158198024f426455b3d21bae56b95cf9e1248d65c6f

Submitted by Simon Black via SovereignMan.com,

A few days ago, the federal debt of the United States rather quietly and unceremoniously passed the $19.5 trillion mark.

And while that figure may seem absolutely confounding, what’s even more alarming is how rapidly the US government is racking up this debt.

In fact, for the 2016 fiscal year that ends in just ten more days, the US government’s debt growth of $1.36 trillion is on track to be the third biggest annual increase ever.

The only two years in all of US history that posted higher US debt growth were 2009 and 2010– the peak of the financial crisis.



Even more acutely, last month the US federal debt grew by $151.5 billion.

Not counting the financial crisis, and a few anomalous months following a debt ceiling reset, August 2016 was the single biggest expansion of US debt EVER.

In other words, US federal debt is expanding at its fastest rate since the financial crisis, and one of the fastest rates in all of US history.

This isn’t supposed to be happening. We’re in ‘peacetime’. The financial crisis is over. The economy is supposedly growing, and unemployment is supposedly falling.

None of the normal big deficit triggers exists; if you read the mainstream press, the news about the US economy is all rainbows and buttercups.

You’d think they would actually be running a surplus at this point and paying down the debt. Or at a minimum the rate of debt growth would be shrinking.

But no. Despite all of this good economic news, the government is still piling up debt at record levels.



If the debt is growing this quickly in good times, just imagine how dire the debt situation will become once the economy slows down and recession kicks in.
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Peacetime?????? We are at peace???? Are you fucking that stupid???? At least two wars and we are at peace????
 
zeddd

zeddd

Well-Known Member
Economy globally is going to mushroom over the next 20 years, lots of economic tailwinds working together to produce massive growth, demographics tech and energy all look good long term, this is known which is why the your national debt has risen to offset the short term dips and crashes with the knowledge that a 20 year bull market will easily swallow it. 20 trillion will seem like fuk all
 
hanimmal

hanimmal

Well-Known Member
End of June England votes to exit EU monetary system around there right? I think it makes sense that a lot of those foreign dollars would flood over to the most stable monetary system (ours), and the most stable markets is all that scaaaarrrry federal debt.

Same thing happens everytime foreign countries are struggling.
 
I

Illinois Enema Bandit

Well-Known Member
zeddd said:
Economy globally is going to mushroom over the next 20 years, lots of economic tailwinds working together to produce massive growth, demographics tech and energy all look good long term, this is known which is why the your national debt has risen to offset the short term dips and crashes with the knowledge that a 20 year bull market will easily swallow it. 20 trillion will seem like fuk all
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That's one hell of a hopeful statement being there has never been an economic windfall to hit the USA creating the $20 Trillion dollar surplus you say america will make look like chump change,not even the vast surpluses america had after ww2.

$1 billion dollars = one thousand X $1million dollars !
$1 trillion dollars = one million X $1million dollars.
$20 trillion dollars = twenty million X $1million dollars.

for more perspective on how much money $20 trillion dollars is it amounts to well over twice the entire GDP of the worlds largest economy of China .

So to pay off our $20 Trillion dollar national debt the USA needs to pay out $1million dollars 20 million times,not including billions in interest.

If every last one of the 15 million americans lucky enough to have a job had an additional $100,000 dollars tacked onto our current taxes the net would pay about half the $20 trillion dollar national debt .

Obama has left america fucked,if our credit was cut off the USA would be a 3rd world country overnight,let's hope your right but I can find no economic model that promotes such optimism .
 
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Unclebaldrick

Unclebaldrick

Well-Known Member
Illinois Enema Bandit said:
If every last one of the 15 million americans lucky enough to have a job had an additional $100,000 dollars tacked onto our current taxes the net would pay about half the $20 trillion dollar national debt .
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Wow! It would take TRUMP! much longer since he is only inclined to tax people working for hourly wages.

Thanks nazi boy - for the math lesson. Now do (((Jews)))! You know, if the concentration camp gassed 100 (((people))) per hour...

It should be easy for you.
 
Rob Roy

Rob Roy

Well-Known Member
The creation of "federal debt" is by design.

How does it make everyone feel to know some people have indentured your unborn heirs ?

Aren't slaves born into circumstances which are beyond their control and "indebted to" their masters?

Why yes, yes they are.
 
zeddd

zeddd

Well-Known Member
Illinois Enema Bandit said:
That's one hell of a hopeful statement being there has never been an economic windfall to hit the USA creating the $20 Trillion dollar surplus you say america will make look like chump change,not even the vast surpluses america had after ww2.

$1 billion dollars = one thousand X $1million dollars !
$1 trillion dollars = one million X $1million dollars.
$20 trillion dollars = twenty million X $1million dollars.

for more perspective on how much money $20 trillion dollars is it amounts to well over twice the entire GDP of the worlds largest economy of China .

So to pay off our $20 Trillion dollar national debt the USA needs to pay out $1million dollars 20 million times,not including billions in interest.

If every last one of the 15 million americans lucky enough to have a job had an additional $100,000 dollars tacked onto our current taxes the net would pay about half the $20 trillion dollar national debt .

Obama has left america fucked,if our credit was cut off the USA would be a 3rd world country overnight,let's hope your right but I can find no economic model that promotes such optimism .
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Lol u run out of smoke?
 
zeddd

zeddd

Well-Known Member
Ok first question to people who complain about the national debt; "What is the national debt?"
 
UncleBuck

UncleBuck

Well-Known Member
Illinois Enema Bandit said:
That's one hell of a hopeful statement being there has never been an economic windfall to hit the USA creating the $20 Trillion dollar surplus you say america will make look like chump change,not even the vast surpluses america had after ww2.

$1 billion dollars = one thousand X $1million dollars !
$1 trillion dollars = one million X $1million dollars.
$20 trillion dollars = twenty million X $1million dollars.

for more perspective on how much money $20 trillion dollars is it amounts to well over twice the entire GDP of the worlds largest economy of China .

So to pay off our $20 Trillion dollar national debt the USA needs to pay out $1million dollars 20 million times,not including billions in interest.

If every last one of the 15 million americans lucky enough to have a job had an additional $100,000 dollars tacked onto our current taxes the net would pay about half the $20 trillion dollar national debt .

Obama has left america fucked,if our credit was cut off the USA would be a 3rd world country overnight,let's hope your right but I can find no economic model that promotes such optimism .
Click to expand...
post a picture of your "WHITE POWER" tattoo.
 
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