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Started By
Message
Added over half trillion in last month to debt.
Posted on 10/9/17 at 5:31 pm
Posted on 10/9/17 at 5:31 pm
Damn!
I’m fully on board the Trump train, but thought we were doing better than this.
3 natural disasters though, so I guess that makes sense. It’s unfortunate that the relief for one those was likely a total waste, due to that socialist count.
Just an update, I looked it up and was pretty shocked honestly. Not that is matters anyway, it just appeared that we were “somewhat” balanced for a little but there. I’d take any amount of debt over the liberal filth being back in office.
LINK
I’m fully on board the Trump train, but thought we were doing better than this.
3 natural disasters though, so I guess that makes sense. It’s unfortunate that the relief for one those was likely a total waste, due to that socialist count.
Just an update, I looked it up and was pretty shocked honestly. Not that is matters anyway, it just appeared that we were “somewhat” balanced for a little but there. I’d take any amount of debt over the liberal filth being back in office.
LINK
7
Posted on 10/9/17 at 5:35 pm to TigerDeBaiter
From what I've seen the treasury statement isn't really an accurate representation of the short term variation, as it's contingent on some accounting "tricks." In reality, we probably didn't add a half a trillion in the last month, but we also didn't cut the debt prior to then. 
It almost loses its meaning when all nations are in debt to everybody else.
quote:So the one thing I can get behind Trump is irrelevant? Although maybe it is reality.
I’d take any amount of debt over the liberal filth being back in office.
It almost loses its meaning when all nations are in debt to everybody else. This post was edited on 10/9/17 at 5:41 pm
Posted on 10/9/17 at 5:37 pm to buckeye_vol
If it’s “always accounting tricks” it’s still the only baseline we have though, right?
Posted on 10/9/17 at 5:37 pm to TigerDeBaiter
We are screwed as a country, there is no possible way to stop the spending and decrease the debt. Any politician who wants to make cuts to anything is met with emotional outrage. One day we will have to pay the piper.
Posted on 10/9/17 at 5:38 pm to TigerDeBaiter
quote:But I'm saying it's more like we've added more like a half a trillion throughout the year, than we added it in a month.
If it’s “always accounting tricks” it’s still the only baseline we have though, right?
Posted on 10/9/17 at 5:39 pm to TigerDeBaiter
Just do the Obama and redefine words and change the whole scoring system to hide your tracks!!
Posted on 10/9/17 at 5:39 pm to TOPAL
quote:This is where it becomes almost like theoretical physics and cosmology to me. Who is the piper if everybody is in debt at a national level? Does it mean the same as if we're in debt then?
One day we will have to pay the piper.
Posted on 10/9/17 at 5:42 pm to buckeye_vol
quote:Correct. From a Tax-Spend stance, we're only 9 days into FY-1 of the Trump Admin.
In reality, we probably didn't add a half a trillion in the last month, but we also didn't cut the debt prior to then.
Posted on 10/9/17 at 5:42 pm to buckeye_vol
I guess we can just scrub to books and say FU to creditors/investors/foreign entities. Start from scratch? I know one thing, the gov't can't stop the spending.
Posted on 10/9/17 at 5:47 pm to TOPAL
quote:yep literally any cut Trump has proposed no matter how minor has been met with cries of how people will die if that happens or other outrageous lies. And the next democract to win will probably be some Bernie typle lunatic who will spent as much as possible. We truly are on the track to ruin
We are screwed as a country, there is no possible way to stop the spending and decrease the debt. Any politician who wants to make cuts to anything is met with emotional outrage. One day we will have to pay the piper.
Posted on 10/9/17 at 6:46 pm to buckeye_vol
Posted on 10/9/17 at 10:44 pm to buckeye_vol
quote:the federal government is primarily in debt to itself in the form or intragovernmental debt, and to it's citizens in the form of Treasury bonds, which for decades the government has been 'investing' in with excess funds from the social security system. The nation being in debt is not the same things as a person running up credit card debt. There are lots of things that could be done to lower the future cost of that debt, cut SS benefits, abandon payments entirely when the system starts to collapse, increase the age to receive them since people are living longer, exclude people hiding over a certain amount of assess from receiving benefits, etc, etc,etc... The main things to look at is the percentage of tax revenue used to service the national debt. Right now it's actually very low, under 10%
This is where it becomes almost like theoretical physics and cosmology to me. Who is the piper if everybody is in debt at a national level? Does it mean the same as if we're in debt then?
This post was edited on 10/9/17 at 10:49 pm
Posted on 10/10/17 at 12:44 am to TOPAL
quote:
One day we will have to pay the piper
actually, no, we more than likely won't.... after all, who's going to demand that the US pay them? no one...
Posted on 10/10/17 at 6:26 am to TigerDeBaiter
Yep. A bit over 400 billion in the red since Trump hit office.
Better than the 1.4 trillion dollars added to the debt for the last year of Barrack Hussein Obama
Better than the 1.4 trillion dollars added to the debt for the last year of Barrack Hussein Obama
Posted on 10/10/17 at 7:36 am to TOPAL
quote:
Message
Added over half trillion in last month to debt. by TOPAL
We are screwed as a country, there is no possible way to stop the spending and decrease the debt. Any politician who wants to make cuts to anything is met with emotional outrage. One day we will have to pay the piper.
All of this is true.
Posted on 10/10/17 at 9:20 am to llfshoals
quote:
Better than the 1.4 trillion dollars added to the debt for the last year of Barrack Hussein Obama
that's more than double the size of the actual number
but why am i even bothering here
Posted on 10/10/17 at 9:21 am to TigerDeBaiter
This is depressing.
Posted on 10/10/17 at 9:41 am to 90proofprofessional
quote:Do the math, you'll find my number is a very good approximation. I rounded it a bit.
that's more than double the size of the actual number
but why am i even bothering here
You are thinking of the deficit they reported, which has no effect on reality.
Posted on 10/10/17 at 9:47 am to chRxis
quote:
actually, no, we more than likely won't.... after all, who's going to demand that the US pay them?
Israel.
Posted on 10/10/17 at 9:48 am to llfshoals
quote:
Do the math, you'll find my number is a very good approximation. I rounded it a bit.
You are thinking of the deficit they reported, which has no effect on reality.
We've had this conversation before.
You think the deficits "they" report, which are estimated by comparing actual final outlays to final actual receipts, has "no effect on reality"?
What "effect on reality" did the imaginary $100 billion reduction in US debt outstanding have for the several months it was reflected on the Treasury's site? As soon as the debt ceiling released, it was shown to be fake and all you Trumpkins who spent months touting were shown to be the gullible fools you are.
The deficit, by the very standard definition of outlays vs receipts, for FY 16 was $587 bil. That's it. Even Treasury, who posts that debt tracker agrees with that.
ETA: there I go again, bothering here for no good reason
This post was edited on 10/10/17 at 9:49 am
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