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Thread: National debt hits $21 trillion

  1. #121
    US Debt approaching $25T.

    Jeff: (01:36:07)
    Are you concerned, sir, about the growing US national debt as a result of these stimulus packages?



    Donald Trump: (01:36:12)
    Oh, we have no choice. Do we have a choice? I’m always concerned about everything. We had to fix this problem. This was… We were attacked. This was an attack. This wasn’t just OG, and this wasn’t the flu, by the way. They like to say the flu. Nobody has ever seen anything like this. 1917, was the last time. We were attacked… We had the greatest economy in the history of the world, we had the greatest economy… Better than China, better than any place, they will tell you that. I dealt with them for a long time and they will you, the greatest economy, we built it in the last three years, three and a half years, we built it. And then one day, they came and they said, “You have to close it.” I said, “You got to be…” These people right here, they said, “You have to… They came into my office, into The Oval Office, and they said, “We have to close the economy.” I said, ” Let’s explain this. Explain this to me.” The greatest ever in history, and we had to close it.

    https://www.rev.com/blog/transcripts...cript-april-22



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  3. #122
    Quote Originally Posted by Anti Federalist View Post
    LOL - What in the world gave you that idea?

    That said, who cares?

    At $21 trillion, this is now purely academic, this debt will never be paid, it can't be paid.

    There are only three options:

    A - Kick the can down the road indefinitely, or at least until that becomes impossible, which then leaves only options B and C.

    B - Default and tell all our debt holders to pound sand.

    C - War.
    B and C on the way.
    We must picture Hell as a state where everyone is perpetually concerned about his own dignity and advancement, where everyone has a grievance, and where everyone lives the deadly serious passions of envy, self-importance, and resentment. - C. S. Lewis

  4. #123

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  7. #126
    With Tea Party in forced quarantine (apparently), the debt is ballooning unchecked under the bipartisan leadership of DGTvsg/GOPA, Pelosi, Hillary Clinton:

    US national debt hits a record $25 trillion

    Trump pledged to remove the national debt within eight years of office. Four years in, it has risen by $5 trillion. And it shows no signs of slowing down.

    By Daniel Phillips
    May 7, 2020

    In brief


    • The US national debt just crossed $25 trillion for the first time in history.
    • The national debt is now just inches away from breaking the record for highest debt to GDP ratio in US history.
    • There are growing suggestions that the US should shirk its debt obligations to China.


    The United States national debt has just crossed the $25 trillion threshold after adding $7 trillion in the last five years.

    Since the start of the 2019/2020 fiscal year (beginning October 1, 2019), the US national debt has ballooned by more than 10% alone, climbing from $22.7 billion to its current value of $25 trillion, or $25,057,924,023,406.80 to be precise.

    ecrypt.co/27675/us-national-debt-hits-a-record-25-trillion

  8. #127
    Now we're at 25 trillion and will probably hit 30 trillion by the end of Trump's presidency. Massie even said that if this lock down continues, we could be at 40 trillion by the end of the year.
    Last edited by Anti Globalist; 05-11-2020 at 11:29 AM.
    "Perhaps one of the most important accomplishments of my administration is minding my own business."

    Calvin Coolidge

  9. #128
    Quote Originally Posted by Anti Globalist View Post
    Now we're at 25 trillion and will probably hit 30 trillion by the end of Trump's presidency.
    You have to admit that globalist neocons got game; they took global wars bloodshed to new highs after installing a 'Nobel Peace Prize winner' in the White House and took debt spending to record highs after installing a Tea Party 'extreme spending cutter' as VP (who reports to a democrats funding former democrat/reality TV star).

    Mike Pence: “I was Tea Party before it was cool”




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  11. #129

  12. #130
    Another big play thanks to big-gummit big-spender progressive socialism synergy between improperly labeled GOPA wing and Democrats.


    Federal Spending Tops $6 Trillion for First Time; Deficit Tops $3 Trillion for First Time

    By Terence P. Jeffrey | September 11, 2020


    (Photo by Doug Mills-Pool/Getty Images)
    (CNSNews.com) - Federal spending has topped $6 trillion for the first time in any fiscal year in the nation’s history and the federal deficit has topped $3 trillion for the first time, according to the Monthly Treasury Statement for August that was released today.
    There is still another month left in fiscal 2020, which runs through the end of September.



    Rand Paul: Republicans should apologize to Obama for complaining about spending

  13. #131
    On the campaign trail, Donald Trump promised to get rid of the US national debt (in 8 years). Even before the coronavirus “pandemic” was started the US debt continued to balloon; since then it has literally skyrocketed.
    If you think things are bad now, just wait until the bubble of everything explodes!

    In 1980, US public debt was $863 billion. It took 192 years and 39 presidents to get there…
    According to the US Debt Clock, today the US national debt exceeds $27 trillion.


    From 2007 to 2010, the Fed funnelled $29 trillion in “secret bailouts”…
    In 2020, the Fed handed out over $9 trillion to fund BlackRock’s bailout plan.

    Reagan budget director David Stockman described the BlackRock and Vanguard owned and controlled Federal Reserve as:
    a rogue institution that comprises a clear and present danger to the future of prosperity and liberty in America.
    Wall Street speculators and US politicians don’t grasp the danger of “the most egregiously inflated financial bubble ever.
    (W)e’re on the cusp of a economic crisis that could eclipse anything we’ve seen before. And most people won’t be prepared for what’s coming.
    https://www.globalresearch.ca/us-gre...olding/5726677
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: http://www.ronpaulforums.com/showthr...he-world/page3

    Donald Trump, another puppet controlled by the international elite: https://www.lawfulpath.com/forum/vie...=1038&start=60

  14. #132
    Quote Originally Posted by Firestarter View Post
    On the campaign trail, Donald Trump promised to get rid of the US national debt (in 8 years). Even before the coronavirus “pandemic” was started the US debt continued to balloon; since then it has literally skyrocketed.
    If you think things are bad now, just wait until the bubble of everything explodes!

    In 1980, US public debt was $863 billion. It took 192 years and 39 presidents to get there…
    According to the US Debt Clock, today the US national debt exceeds $27 trillion.


    From 2007 to 2010, the Fed funnelled $29 trillion in “secret bailouts”…
    In 2020, the Fed handed out over $9 trillion to fund BlackRock’s bailout plan.

    Reagan budget director David Stockman described the BlackRock and Vanguard owned and controlled Federal Reserve as:
    https://www.globalresearch.ca/us-gre...olding/5726677
    They don't call him 'king of debt' for nothin:



    Rand Paul: Republicans should apologize to Obama for complaining about spending

    Trump's Crazy Military Budget
    cato.org
    Mar 11, 2019 — Trump's Crazy Military Budget ... Pentagon officials had reportedly anticipated a budget of $733 billion,..

    Donald Trump Has Added Trillions to the US Military Budget
    jacobinmag.
    Sep 14, 2020 — Though it did fall gradually between 2010 and 2015, military spending has been steadily rising since 2016 — from $586 billion in 2015 to some ...

  15. #133

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