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Thread: How the hell are we going to pay back 20 trillion?

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    Quote Originally Posted by Micawber View Post
    Show where I cheered deficit increase
    he was your savior. No one was allowed to criticize him. You know you didn't. You went along with it because, well... OBAMA!

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    Quote Originally Posted by Superfreak View Post
    Obama added $10T to it. You cheered him on. The QE and Fed rate fiasco propped up his inept government. Now we are dealing with the consequences of his pathetic leadership.
    you are a delusional liar

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    Quote Originally Posted by Superfreak View Post
    he was your savior. No one was allowed to criticize him. You know you didn't. You went along with it because, well... OBAMA!
    moron, your daddy is adding $1.5T a year to the deficit

    and that's Obama's fault?

    go fuck yourself imbecile

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    Quote Originally Posted by reagansghost View Post
    moron, your daddy is adding $1.5T a year to the deficit

    and that's Obama's fault?

    go fuck yourself imbecile
    Obama added $10 trillion to it and all you can do is kiss his black ass, n-lover.

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    Quote Originally Posted by CFM View Post
    Obama added $10 trillion to it and all you can do is kiss his black ass, n-lover.
    that incorrect klan boy

    nice link

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    Quote Originally Posted by reagansghost View Post
    that incorrect klan boy

    nice link
    You can't run from the truth, nigger boy, like you do from supporting your bastard babies.

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    Quote Originally Posted by CFM View Post
    You can't run from the truth, nigger boy, like you do from supporting your bastard babies.
    your racial slurs are tiring

    check this out klan boye....

    The US will issue over $1.3 trillion in new debt in 2018, the highest amount since the depths of the recession


    https://www.businessinsider.com/new-...ession-2018-10

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    Quote Originally Posted by Micawber View Post


    Trump doesn't seem to be fixing this. He owns the national debt.
    Didn't he say he was going to grow out of it? "Eliminate it" Trump is slated to add 9 trillion to it this term.

    Yes, he's going to nearly increase it by half.

    https://www.thebalance.com/trump-pla...l-debt-4114401
    The genius will have Mexico pay for it, like he did the wall.......

    fuckin trump is adding a trillion a year to the debt & the fecal conservatives cried hallelujah!!!
    "There is no question former President Trump bears moral responsibility. His supporters stormed the Capitol because of the unhinged falsehoods he shouted into the world’s largest megaphone," McConnell wrote. "His behavior during and after the chaos was also unconscionable, from attacking Vice President Mike Pence during the riot to praising the criminals after it ended."



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    Quote Originally Posted by reagansghost View Post
    your racial slurs are tiring

    check this out klan boye....

    The US will issue over $1.3 trillion in new debt in 2018, the highest amount since the depths of the recession


    https://www.businessinsider.com/new-...ession-2018-10
    You kissing Obama's black ass must be tiring for you, boy.

    Will or has?

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    Quote Originally Posted by CFM View Post
    You kissing Obama's black ass must be tiring for you, boy.

    Will or has?
    you're a genius CFNM, make no mistake!

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    When the national debt reaches $50 Trillion, we won't pay that back either. Our "enemies" don't need to fire a shot; they only need to crash the dollar!

  13. The Following User Says Thank You to Controlled Opposition For This Post:

    moon (02-13-2019)

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    How the hell are we going to pay back 20 trillion?
    The plan appears to be to wage war against the world , militarily and economically, until it's entirely US-owned and controlled.
    You can't owe yourself 22 trillion dollars, can you.
    " First they came for the journalists...
    We don't know what happened after that . "

    Maria Ressa.

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    Quote Originally Posted by LV426 View Post
    Ehh, sort of. There were multiple months from 1999-2000 when Treasury made payments toward the Public Debt. You can simply look at each month's individual Treasury statements and see the balance on the debt went up and down from 1999-2000.

    The point is that had the surpluses sustained, the debt could have been paid off by 2010.

    Untrue. There were several months in 1999-2000 when Treasury made payments to the debt, and the monthly debt statements reflect that. You can look for yourself here.
    I think you are only looking at the public debt and not total national debt. If you look at the data below from the total outstanding debt by year you will see there were no years in which the debt did not grow--even the 1999-2000 period.

    09/30/2002 6,228,235,965,597.16
    09/30/2001 5,807,463,412,200.06
    09/30/2000 5,674,178,209,886.86
    09/30/1999 5,656,270,901,615.43
    09/30/1998 5,526,193,008,897.62
    09/30/1997 5,413,146,011,397.34
    09/30/1996 5,224,810,939,135.73
    09/29/1995 4,973,982,900,709.39
    09/30/1994 4,692,749,910,013.32
    09/30/1993 4,411,488,883,139.38
    09/30/1992 4,064,620,655,521.66
    09/30/1991 3,665,303,351,697.03

    https://www.treasurydirect.gov/govt/...t/histdebt.htm

    We might have a surplus in the public debt but the intergovernmental debt continues to grow. For example, if the Social Security trust fund receives more in revenue than it pays in benefits, the SS law requires that surplus be invested in securities that earn interest. Purchasing those securities increases our debt. Or, if the SS trust fund receives less in revenue than benefits, it must sell some of those securities and must borrow to pay for them.

    I do not see in your charts where it shows the Treasury made payments on the public debt. It had to pay for debt that came due, but that was paid for by rolling over the debt by borrowing more money. That is why the debt continues to grow even when a surplus exists.

    I see the monthly surplus/deficit statement, but not "debt statements."

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    Quote Originally Posted by Flash View Post
    I think you are only looking at the public debt and not total national debt. If you look at the data below from the total outstanding debt by year you will see there were no years in which the debt did not grow--even the 1999-2000 period.
    I never fucking said it did, you goddamn lying sack of shit.

    What I said was that there were months where payments to the debt were made, and that monthly the debt number went up and down.

    Because you are a dishonest fucking lying piece of shit nobody, you had to construct a straw man argument because nothing you say or believe makes any fucking sense.

    You are a dishonest, lying sack of shit...and you know it.
    When I die, turn me into a brick and use me to cave in the skull of a fascist


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