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

  1. #31

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    Quote Originally Posted by Madison320 View Post
    Another 75 billion. Can we hit 21 trillion by the next debt suspension in Dec?


    20,422,972,363,114.29



    https://www.treasurydirect.gov/NP/debt/current
    According to Treasury Direct (with two days to go), current debt stands at $20,540,360,356,857.05

    Don't think we are going to make $21 trillion.



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  3. #32

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    Quote Originally Posted by Madison320 View Post
    Dang. How can I know more than 99% of the financial reporters that cover this stuff? I was right, they don't go right into default on Dec 8. They can use extraordinary measures again.

    "While markets expect the debt ceiling to be reinstated this week, they anticipate that the Treasury can avoid a breach of the borrowing cap by using extraordinary measures until as late as April."


    https://www.bloomberg.com/news/artic...uspension-ends
    Just as I said.

  4. #33

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    Quote Originally Posted by Zippyjuan View Post
    According to Treasury Direct (with two days to go), current debt stands at $20,540,360,356,857.05

    Don't think we are going to make $21 trillion.
    Nope. But we're going to catch up next year.

  5. #34

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    My bet: Dec 22 shutdown, Dec 24 midnight tax bill votes, all kinds of changes to everything slipped in that weren't in either chamber's bill. Probably some big distraction at the same time so that eyes are not on Congress.
    "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

  6. #35

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    20,669,079,408,408 just jumped 177 billion. No more debt ceilings to slow us down for awhile. We should be cruising past 21 trillion in the next couple weeks.

  7. #36

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    Ya , looks like 21 T this year ?

  8. #37

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    Quote Originally Posted by oyarde View Post
    Ya , looks like 21 T this year ?
    Maybe 22T
    "The program of liberalism, ...if condensed into a single word, would have to read: property..."

    -Ludwig von Mises

    "Patriotism, not nationalism, should inspire the citizen. The ethnic nationalist who wants a linguistically and culturally uniform nation is akin to the racist who is intolerant toward those who look (and behave) differently. The patriot is a "diversitarian"; he is pleased, indeed proud of the variety within the borders of his country; he looks for loyalty from all citizens. And he looks up and down, not left and right."

    -Erik Maria Ritter von Kuehnelt-Leddihn

    "All the odds are on the man who is, intrinsically, the most devious and mediocre — the man who can most adeptly disperse the notion that his mind is a virtual vacuum. The Presidency tends, year by year, to go to such men. As democracy is perfected, the office represents, more and more closely, the inner soul of the people. We move toward a lofty ideal. On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron."

    -H. L. Mencken

  9. #38

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    Quote Originally Posted by r3volution 3.0 View Post
    Maybe 22T
    That would require a deficit of about $1.3 trillion for this year. $21.5 is more likely.

  10. #39

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    Quote Originally Posted by Zippyjuan View Post
    That would require a deficit of about $1.3 trillion for this year. $21.5 is more likely.
    Absent a recession, that's probably about right, but I expect we'll be in recession by Q4.
    "The program of liberalism, ...if condensed into a single word, would have to read: property..."

    -Ludwig von Mises

    "Patriotism, not nationalism, should inspire the citizen. The ethnic nationalist who wants a linguistically and culturally uniform nation is akin to the racist who is intolerant toward those who look (and behave) differently. The patriot is a "diversitarian"; he is pleased, indeed proud of the variety within the borders of his country; he looks for loyalty from all citizens. And he looks up and down, not left and right."

    -Erik Maria Ritter von Kuehnelt-Leddihn

    "All the odds are on the man who is, intrinsically, the most devious and mediocre — the man who can most adeptly disperse the notion that his mind is a virtual vacuum. The Presidency tends, year by year, to go to such men. As democracy is perfected, the office represents, more and more closely, the inner soul of the people. We move toward a lofty ideal. On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron."

    -H. L. Mencken

  11. #40

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    Quote Originally Posted by r3volution 3.0 View Post
    Absent a recession, that's probably about right, but I expect we'll be in recession by Q4.
    Remember that the amount the public debt goes up is almost double the deficit. We'll hit 22 trillion this year, easily.

  12. #41

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    Quote Originally Posted by Madison320 View Post
    Remember that the amount the public debt goes up is almost double the deficit. We'll hit 22 trillion this year, easily.
    Are you trying to get people interested in interest?

    It's awfully hard to interest people in interest, unless they can get some of it.
    MACA!

    Make Americans Cucks Again!

  13. #42

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    Trump needs to run $2T deficits now just to keep up with the law of diminishing returns. Anything less is outside of the historical debt and deficit trend lines and actually shows the slow collapse of the system underway.
    "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

  14. #43

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    Last edited by Zippyjuan; 02-15-2018 at 02:31 PM.

  15. #44

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    Quote Originally Posted by Zippyjuan View Post
    What? That was the exact same brand of 'logic' Democrats use, the Federal Reserve uses, and you have used.

    The Democrats like to use it when they, just to name one example, say they cut the budget when all they did was reduce spending increases below the projected spending increases. The Fed has used logic very similar to that to explain why the same inflation which robs our salaries and our savings of value is good for us. And the Zippy Group has used it to explain that the U.S. gold standard was a pegging of the value of the dollar to gold, when in fact it was using gold as dollars.
    MACA!

    Make Americans Cucks Again!

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