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Thread: Watch the debt rise over the next few months.

  1. #1

    Default Watch the debt rise over the next few months.

    I'm curious to see how fast the debt rises over the next few months before we hit the next debt ceiling. We normally borrow a trillion a year, so that would put us at about 20.9 trillion by year's end, plus we got hit by 3 hurricanes. The debt is only at 20.2 so we'd have to borrow another 800 billion or so before the end of the year to catch up. Although my guess is they can't borrow that much without breaking the bond market, so they have to take it a little slower.

    So far it's risen by about 350 billion since the debt ceiling was suspended.

    https://www.treasurydirect.gov/NP/debt/current



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  3. #2

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    Quote Originally Posted by Madison320 View Post
    I'm curious to see how fast the debt rises over the next few months before we hit the next debt ceiling. We normally borrow a trillion a year, so that would put us at about 20.9 trillion by year's end, plus we got hit by 3 hurricanes. The debt is only at 20.2 so we'd have to borrow another 800 billion or so before the end of the year to catch up. Although my guess is they can't borrow that much without breaking the bond market, so they have to take it a little slower.

    So far it's risen by about 350 billion since the debt ceiling was suspended.

    https://www.treasurydirect.gov/NP/debt/current
    Budget deficit last year was under $500 billion- not $1 trillion but yeah, it will probably be higher this year. Hurricane relief bill which passed was $15 billion though some were asking for more- $100 billion or more. https://www.nbcnews.com/politics/con...-trump-n799581
    "The future is here, it's just not evenly distributed yet." - William Gibson

    I am Zippy and I approve of this post. But you don't have to. This post may include statements I don't personally agree with.

  4. #3

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    According to Zip, the debt and deficit don't 'really' mean anything. We should just print billions and hand it out to the masses. BOOM! Economic prosperity! Debt? Who cares!? Deficit? SPEND LIKE A HIGH ROLLER BITCHEZ, THIS FED GRAVY TRAIN IS UNLIMITED!!!!
    There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights. War for any other reason is simply a racket.
    -Major General Smedley Butler, USMC,
    Two-Time Congressional Medal of Honor Winner
    Author of, War is a Racket!

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  5. #4

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    21 trillion and after hurricane gravy for everyone .

  6. #5

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    Quote Originally Posted by Zippyjuan View Post
    Budget deficit last year was under $500 billion- not $1 trillion but yeah, it will probably be higher this year. Hurricane relief bill which passed was $15 billion though some were asking for more- $100 billion or more. https://www.nbcnews.com/politics/con...-trump-n799581
    The deficit does not equal the change in the total debt. Total borrowing is usually almost twice the deficit. I think it has something to do with off budget spending that doesn't count towards the deficit.

  7. #6

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    Quote Originally Posted by oyarde View Post
    21 trillion and after hurricane gravy for everyone .
    The only question is, how high can it go before it breaks.

  8. #7

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    Quote Originally Posted by jllundqu View Post
    According to Zip, the debt and deficit don't 'really' mean anything. We should just print billions and hand it out to the masses. BOOM! Economic prosperity! Debt? Who cares!? Deficit? SPEND LIKE A HIGH ROLLER BITCHEZ, THIS FED GRAVY TRAIN IS UNLIMITED!!!!
    It's technically true that the number itself doesn't matter. What matters is how many new human bodies can be introduced through various ways that the Treasury can securitize into new debt issues. Want more deficit spending? Import more immigrants or get more people breeding. Where the debt number starts to become a problem is when the birth figures slow down, immigration slows (anchor babies) and federal income tax receipts become too low to service the interest on the outstanding debt. To understand "the debt" you have to understand how federal debt is created.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

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  9. #8

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    Quote Originally Posted by Madison320 View Post
    The deficit does not equal the change in the total debt. Total borrowing is usually almost twice the deficit. I think it has something to do with off budget spending that doesn't count towards the deficit.
    "Budgeted" deficit may also be different from the actual deficit.
    "The future is here, it's just not evenly distributed yet." - William Gibson

    I am Zippy and I approve of this post. But you don't have to. This post may include statements I don't personally agree with.

  10. #9

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    Quote Originally Posted by devil21 View Post
    It's technically true that the number itself doesn't matter. What matters is how many new human bodies can be introduced through various ways that the Treasury can securitize into new debt issues. Want more deficit spending? Import more immigrants or get more people breeding. Where the debt number starts to become a problem is when the birth figures slow down, immigration slows (anchor babies) and federal income tax receipts become too low to service the interest on the outstanding debt. To understand "the debt" you have to understand how federal debt is created.
    Yeah , they take in about 2 trillion , spend about 3 trillion . There is no legitimate intention , none , to ever pay the debt . All they have to do is pay the interest .

  11. #10

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    Quote Originally Posted by oyarde View Post
    Yeah , they take in about 2 trillion , spend about 3 trillion . There is no legitimate intention , none , to ever pay the debt . All they have to do is pay the interest .
    Spending closer to $4 trillion. First Obama budget (FY 2010- written not by him but by Congress) called for $3.5 trillion in spending. "His" final one requested $4.1 trillion and had $3.6 trillion in tax revenues projected.
    https://en.wikipedia.org/wiki/2017_U...federal_budget
    "The future is here, it's just not evenly distributed yet." - William Gibson

    I am Zippy and I approve of this post. But you don't have to. This post may include statements I don't personally agree with.

  12. #11

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    Quote Originally Posted by oyarde View Post
    Yeah , they take in about 2 trillion , spend about 3 trillion . There is no legitimate intention , none , to ever pay the debt . All they have to do is pay the interest .
    But it's like having a mortgage and every payment forever only pays interest and the principle never goes down. The unpaid interest still compounds and the securitized property can be 'called in' at any time, though.

    To add insult to injury, the principle doesn't exist except in your mind, because it was created by you. It's only a number there to keep you laboring to pay the interest (money earned by sweat, not accounting entries). Neat system, eh? Brilliant if it wasn't so $#@!ed up.


    (No surprise that 'principle' and 'principal' sound the same but mean different things......think about it. I used the wrong spelling of that word in my post but did you notice?)
    Last edited by devil21; 09-29-2017 at 02:32 AM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks Fishing Boat Rentals

  13. #12

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    even if there was a budget the debt cant ever be paid. The same people trusted with your economic/ national security.
    Last edited by kfarnan; 09-29-2017 at 07:10 AM.

  14. #13

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    Quote Originally Posted by kfarnan View Post
    even if there was a budget the debt cant ever be paid. The same people trusted with your economic/ national security.
    To get rid of the debt (without defaulting), you have to take in more in taxes than you spend- and do that for decades. Congress doesn't like that. If they have more money, they want to spend more money.
    "The future is here, it's just not evenly distributed yet." - William Gibson

    I am Zippy and I approve of this post. But you don't have to. This post may include statements I don't personally agree with.

  15. #14

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    Quote Originally Posted by Zippyjuan View Post
    To get rid of the debt (without defaulting), you have to take in more in taxes than you spend- and do that for decades. Congress doesn't like that. If they have more money, they want to spend more money.
    And then once all debt is paid, there is no more "money", since under the current system all "money" is created through various debt mechanisms. Getting out of debt for the average person is a different animal than getting out of debt for governments.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks Fishing Boat Rentals

  16. #15

  17. #16

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    Quote Originally Posted by devil21 View Post
    And then once all debt is paid, there is no more "money", since under the current system all "money" is created through various debt mechanisms. Getting out of debt for the average person is a different animal than getting out of debt for governments.
    It is a debt driven system.

  18. #17

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    Another 100 billion over the weekend:

    20,347,802,336,477.80

    https://www.treasurydirect.gov/NP/debt/current






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