US added more debt on Monday than... | TigerDroppings.com

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Zach
LSU Fan
Member since May 2005
63466 posts

US added more debt on Monday than...


...1776 through Pearl Harbor.

It's only money







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ZereauxSum
Lot 23E
Member since Nov 2008
8182 posts
 Online 

re: US added more debt on Monday than...


I know there was a point in history, or maybe a couple where the federal debt was completely paid off. So this article probably isn't completely accurate.

Still, 90+ Billion in new debt. It's obscene.






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lnomm34
USA Fan
Louisiana
Member since Oct 2009
7902 posts

re: US added more debt on Monday than...








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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
29858 posts

re: US added more debt on Monday than...


When the Treasury can sell 10 and 30 year debt at current rates, they'd be foolish not to.

Also keep in mind that $90 billion back then was an enormously bigger share of GDP. This isn't really very comparable.






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tigeralum06
LSU Fan
Member since Oct 2007
1362 posts

re: US added more debt on Monday than...


What is the US debt to asset ratio Zach?





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