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Thread: Federal Debt Tops $27 Trillion for First Time

  1. #1

    Federal Debt Tops $27 Trillion for First Time

    Federal Debt Tops $27 Trillion for First Time

    By Terence P. Jeffrey | October 2, 2020 | 4:07pm ED

    (CNSNews.com) - The debt of the federal government topped $27 trillion for the first time on Thursday, October 1, when it climbed from an opening balance of $26,945,391,194,615.15 to a closing balance of $27,026,921,935,432.41, according to data published by the U.S. Treasury Department. https://www.cnsnews.com/article/wash...ion-first-time

    The federal debt had topped $25 trillion for the first time on May 5, 2020.

    It then climbed another trillion dollars in just 35 days, topping $26 trillion for the first time on June 9.

    Only 114 days elapsed from when the debt topped the $26-trillion threshold on June 9 to yesterday, when it topped $27 trillion for the first time.

    The chart below shows the date on which the federal debt surpassed each trillion-dollar threshold from $5 trillion to $27 trillion:



    It took a Draft-Dodger to make Debt Great Again!

    Ladies and Gentlemen: The "Leader" of the Republican Party






    Why do most Republicans only complain about this when a (D)Rat is in office?



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  3. #2
    Quote Originally Posted by Peace Piper View Post
    Why do most Republicans only complain about this when a (D)Rat is in office?
    I ceased caring about it, because nobody else does and because it will never be paid back.

    We're at $27 trillion now, which is an absurd number for any discussion about earthly monetary affairs, belonging more in the realm of quantum physics.

    There's another bill in the mail coming for $60 trillion or maybe more.

    This can never be paid, only inflated away or dissolved or defaulted on.

    That is why secession must happen now, leaving this debt for the lousy ex-spouse to deal with and not me.

    And why should I be held accountable...I didn't run amok with the credit cards in an orgy of hookers and blow.
    Last edited by Anti Federalist; 10-02-2020 at 04:28 PM.
    Another mark of a tyrant is that he likes foreigners better than citizens, and lives with them and invites them to his table; for the one are enemies, but the Others enter into no rivalry with him. - Aristotle's Politics Book 5 Part 11

  4. #3
    Quote Originally Posted by Anti Federalist View Post
    I ceased caring about it, because nobody else does
    Got it.

    Wow.

  5. #4
    Quote Originally Posted by Peace Piper View Post
    Got it.

    Wow.
    Do you disagree?

    Show me the masses of voting populace that this issue ignites and that are in favor of massive cuts in gov spending to try and get this under control.
    Another mark of a tyrant is that he likes foreigners better than citizens, and lives with them and invites them to his table; for the one are enemies, but the Others enter into no rivalry with him. - Aristotle's Politics Book 5 Part 11

  6. #5
    Pretty much everybody has accepted the reality that the debt will just keep increasing and never be paid off. I just wonder what the debt is going to look like 10 years from now.
    "Perhaps one of the most important accomplishments of my administration is minding my own business."

    Calvin Coolidge

  7. #6
    Quote Originally Posted by Peace Piper View Post
    Why do most Republicans only complain about this when a (D)Rat is in office?
    Trump's debt is glorious white culture debt
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  8. #7
    Well , gold went down 7.60 at the same time. So you guys must be in better shape than you think.

  9. #8
    Quote Originally Posted by oyarde View Post
    Well , gold went down 7.60 at the same time. So you guys must be in better shape than you think.
    Somebody's gotta bail @Danke out.
    Another mark of a tyrant is that he likes foreigners better than citizens, and lives with them and invites them to his table; for the one are enemies, but the Others enter into no rivalry with him. - Aristotle's Politics Book 5 Part 11



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  11. #9
    Since your doing so well , you'd think one of you guys would offer to buy an old guy a beer .

  12. #10
    Quote Originally Posted by Anti Federalist View Post
    Somebody's gotta bail @Danke out.
    Wonder what that slacker was doing today ? Probably shopping for new boxers at Dollar General .

  13. #11
    Quote Originally Posted by oyarde View Post
    Wonder what that slacker was doing today ? Probably shopping for new boxers at Dollar General .
    Good question...what does one do in South Dakota for fun?

    Did he move in with the Lakota Sioux?

    What do you see generic Nevada Mint 1 ounce silver rounds going for around you?
    Another mark of a tyrant is that he likes foreigners better than citizens, and lives with them and invites them to his table; for the one are enemies, but the Others enter into no rivalry with him. - Aristotle's Politics Book 5 Part 11

  14. #12
    Quote Originally Posted by Anti Federalist View Post
    Good question...what does one do in South Dakota for fun?

    Did he move in with the Lakota Sioux?

    What do you see generic Nevada Mint 1 ounce silver rounds going for around you?
    Generic one ounce rounds are selling at 26 and up

  15. #13
    Ya he is right next to the Res living among the Indians . He doesnt even know it .
    Last edited by oyarde; 10-02-2020 at 08:14 PM.

  16. #14
    Rand Paul Jul 21



    "The majority of Republicans are now no different than socialist Democrats when it comes to debt."

    Truth hurts, divided and conquered by the dregs of society, Americans look for leadership

    While both "parties" conduct a Circus.

    They won't stop until they've stolen every last cent from the numbed and dumbed-down former citizens.

    For the next debate, there should be Clowns riding tricycles and throwing out bread into the empty seats along with bearded women and sword - swallowers


  17. #15
    Quote Originally Posted by oyarde View Post
    Wonder what that slacker was doing today ? Probably shopping for new boxers at Dollar General .

    Still in my pajamas.. Couldn't motivate to do much today.
    Pfizer Macht Frei!

    Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.


    Quiz: Test Your "Income" Tax IQ!

    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  18. #16
    gofundme/danke

    Every little bit helps.
    Pfizer Macht Frei!

    Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.


    Quiz: Test Your "Income" Tax IQ!

    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.



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  20. #17
    Quote Originally Posted by Peace Piper View Post
    Federal Debt Tops $27 Trillion for First Time

    By Terence P. Jeffrey | October 2, 2020
    Saturday, March 17, 2018
    National debt hits $21 trillion

    From $21T to $27T in months, never seen anything like this before.

    Pretty big big gummit spending play by progressive socialist of globalists funded GOPAcons in partenrship with Dems.



    Related



  21. #18
    Quote Originally Posted by enhanced_deficit View Post
    From $21T to $27T in months, never seen anything like this before.

    Pretty big big gummit spending play by progressive socialist of globalists funded GOPAcons in partenrship with Dems.



    Related


    Nancy been trying all summer to add three more trillion. Kennedy center must need more cash .



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