Debt servicing increasing sharply. Ruh Roh...
- Thread starter Celticguy
- Start date
No, we will keep making new dollars till we cant get away with it anymore, which will be soon......Then Americans will discover massive poverty.
The Chinese will insist.
yup. very close.
floridafan
Verified User
Its a real shame that Trump ran up a $7 trillion deficit which we must pay interest on.
Congress controls the money, not Presidents.
floridafan
Verified User
Presidents sign budgets or not. Its all up to the president.
BullShit
floridafan
Verified User
If the House passes a budget, it automatically becomes law?
T. A. Gardner
Serial Thread Killer
If they don't can the President spend tax money anyway?
that debt was at the low rates we enjoyed b4 Biden fucked up.
but obama's 10t will be rolling over now at 3x what it was.
floridafan
Verified User
Stay on topic
floridafan
Verified User
Whoa, my dear, that debt is still outstanding and rates are constantly increasing. No one ran up debt like Trump has.
As usual, the debt only matters to MAGs when there's a Democrat in power. When MAGAs are in charge they can spend like drunken sailors and face zero consequences.
debt is always outstanding. we never pay it off thats why its called debt service. think of it as minimum payment due. when the term comes up they jus/y borrow to pay it at the current rate.
PostmodernProphet
fully immersed in faith..
Obama did, and Biden's two year deficit is already twice what Trump's two year deficit was.......
Congress passes the budget proposed by the president with only about 5% variation.
Inflation is a consequence.
Althea
Althea told me...
This inflation is not your father's inflation.
Good explanation. Even when we balance the budget (like Clinton did) the debt continues to increase due to intergovernmental borrowing.