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» U.S. national debt hits $33 trillion for the first time
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post 1690366063 09-20-2023, 08:27 AM
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U.S. national debt hits $33 trillion for the first time

Keep flexing on Ukraine LOL...




The national debt of the U.S. reached a historic milestone by passing $33 trillion for the first time, less than two weeks before the federal government faces a potential shutdown over a lack of funding authorization.

The debt, which equals the amount of money borrowed by the federal government to cover operating expenses, hit $33.04 trillion Monday, according to the Treasury Department.

A roughly 50% increase in federal spending between fiscal 2019 and fiscal 2021 contributed to the debt topping $33 trillion, the department said.

Tax cuts, stimulus programs and decreased tax revenue as a result of widespread unemployment during the Covid-19 pandemic were factors in driving government borrowing to new heights.

The issue of the debt is at the center of a standstill in Congress over a spending bill that would sustain the government until the next funding cycle.

https://www.cnbc.com/2023/09/19/unit...irst-time.html

post 1690366813 09-20-2023, 08:42 AM
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US politicians...Fuk yo kids, fuk your kids kids and fuk their kids
Subscribe for extra premium content (no noodz sorry guys)
post 1690366893 09-20-2023, 08:44 AM
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Originally Posted By Procta
US politicians...Fuk yo kids, fuk your kids kids and fuk their kids
post 1690366993 09-20-2023, 08:45 AM
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The whole national debt-situation began with conservative icon Reagan. When he took office, debt was 31% of the GDP and less than $1 billion. When he left, it was 51% of the GDP and $2.9 billion. So a 20% jump under his watch.

The debt was stable for much of the Clinton years and even went down in 1998-2000 cause of that 1990s greatness economy. But everyone besides Clinton saw the debt go up
post 1690367053 09-20-2023, 08:47 AM
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post 1690367203 09-20-2023, 08:50 AM
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Originally Posted By DanteEdmond
The whole national debt-situation began with conservative icon Reagan. When he took office, debt was 31% of the GDP and less than $1 billion. When he left, it was 51% of the GDP and $2.9 billion. So a 20% jump under his watch.

The debt was stable for much of the Clinton years and even went down in 1998-2000 cause of that 1990s greatness economy. But everyone besides Clinton saw the debt go up
Dude you don't have the slightest idea what you are talking about.
"it takes a wise man to know when he is in error and a noble man to admit to it"
post 1690367253 09-20-2023, 08:51 AM
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Originally Posted By latverian41
Dude you don't have the slightest idea what you are talking about.
The data is here

https://www.thebalancemoney.com/nati...events-3306287

1981 - debt was 31% of GDP
1989 - debt was 51% of GDP

1992 - debt was 61% of GDP
2000- debt was 58% of GDP (went down under Clinton)
post 1690367583 09-20-2023, 08:59 AM
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Originally Posted By DanteEdmond
The data is here

https://www.thebalancemoney.com/nati...events-3306287

1981 - debt was 31% of GDP
1989 - debt was 51% of GDP

1992 - debt was 61% of GDP
2000- debt was 58% of GDP (went down under Clinton)
Bro you are posting chit from the internet .I was there. I lived it in 92 the national debt was 4 trillion going up 1.billon dollars every working day. And any economist will tell you any thing any president does. Related to the economy takes 6-8 years to even begin to take effect

So anything that happens on reagens watch was due to Carter's economic plan. Anything bush sr and clinton had was thanks to what regean and bush accomplished.

What do you think happens a president passes laws and trade agreements and the results pop up within months ?

It takes years
"it takes a wise man to know when he is in error and a noble man to admit to it"
post 1690369173 09-20-2023, 09:29 AM
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Originally Posted By latverian41
Bro you are posting chit from the internet .I was there. I lived it in 92 the national debt was 4 trillion going up 1.billon dollars every working day. And any economist will tell you any thing any president does. Related to the economy takes 6-8 years to even begin to take effect

So anything that happens on reagens watch was due to Carter's economic plan. Anything bush sr and clinton had was thanks to what regean and bush accomplished.

What do you think happens a president passes laws and trade agreements and the results pop up within months ?

It takes years
His numbers are still correct. You're claiming Reagan's great economic growth was actually due to Carter's great economic policies? That's an interesting take.
YOU ARE NOT A SLAVE
post 1690370153 09-20-2023, 09:45 AM
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Originally Posted By latverian41
Bro you are posting chit from the internet .I was there. I lived it in 92 the national debt was 4 trillion going up 1.billon dollars every working day. And any economist will tell you any thing any president does. Related to the economy takes 6-8 years to even begin to take effect

So anything that happens on reagens watch was due to Carter's economic plan. Anything bush sr and clinton had was thanks to what regean and bush accomplished.

What do you think happens a president passes laws and trade agreements and the results pop up within months ?

It takes years
By this logic: everything that happened under Trump was due to Obama's economic plan, and everything that's happening now under Biden is due to Blumpf's economic plan
post 1690375303 09-20-2023, 11:14 AM
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Originally Posted By DanteEdmond
The whole national debt-situation began with conservative icon Reagan. When he took office, debt was 31% of the GDP and less than $1 billion. When he left, it was 51% of the GDP and $2.9 billion. So a 20% jump under his watch.

The debt was stable for much of the Clinton years and even went down in 1998-2000 cause of that 1990s greatness economy. But everyone besides Clinton saw the debt go up
Learn to US government.

The power of appropriations lies solely with the legislature. This is why Trump couldn't just fund his own border wall and had to ask Congress to fund it.

Congress passes spending bills, the President just signs it. That "budget surplus" liberals love to point out under Clinton was during a Republican controlled House and Senate. Not saying Republicans aren't partially to blame, just adding context.

post 1690426823 09-21-2023, 10:18 AM
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These fkers in the government are an absolute embarrassment. Do they have a choice not to pass the bill?



House Speaker McCarthy squeezed from all sides in government shutdown fight, markets grow worried

House Speaker Kevin McCarthy is entering a crucial new phase in his grueling effort to pass a government spending bill through his fractured Republican caucus.

Investors are growing concerned that a government shutdown would cut into 4th quarter GDP and undermine confidence in America’s ability to keep its own government open.

https://www.cnbc.com/2023/09/21/hous...ets-worry.html
post 1690427393 09-21-2023, 10:27 AM
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[QUOTE=greenleaf post_id=1690366063]Keep flexing on Ukraine LOL...[/QUOTE]Come now! Ukraine needs money because climate change bro![img]//assets.bodybuilding.com/forum/images/smilies/smile.gif[/img]

[QUOTE=Big Z]“Even though humanity is failing on its climate policy objectives, this means that extreme weather will still impact the normal global life & some evil state will also weaponize its outcomes.

"And when people in the streets of New York & other cities of the world went out on climate protest, we all have seen them, & when people in Morocco & Libya, & other countries die as a result of natural disasters,[b]& when islands & countries disappear underwater,[/b]& when tornadoes & deserts are spreading into — into new territories,[b]& when all of this is happening, one, a natural disaster in Moscow, decided to launch a big war & killed tens of thousands of people. We have to stop it. [/b]

"We must act, united to defeat the aggressor & focus all our capabilities and energy on addressing these challenges. As nukes are restrained, likewise, the aggressor must be restrained at all his tools and methods of the war. Each word now can become final, but it takes our unity to make sure that aggression will not break in again. And it is not a dialogue between the so-called great power somewhere behind closed doors that can guarantee us all the new wars era but open war of all nations for peace.”[/B]

[x]https://twitter.com/tomselliott/status/1704203509225119778[/x][/QUOTE]And.... and... he needs money! Lots and lots of money!

...because bad weather.

[img]https://i.imgur.com/uTlo2Sk.gif[/img]
It's a hot night. The mind races. You think about your knife: the only friend who hasn't betrayed you, the only friend who won't be dead by sunup. Sleep tight mates, in your quilted chambray night shirts.
post 1690427923 09-21-2023, 10:40 AM
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Ukraine leader Zelenskyy to meet with Biden, Congress assome Republicans sour on support

The White House is seeking $24 billion in additional aid to Ukraine, which it hoped would be passed alongside a continuing resolution to avoid a government shutdown as federal budget negotiations continue.

The measure has bipartisan support in the Senate. But it has been held up in the House of Representatives, where some members, likeRep. Marjorie Taylor Greene, R-Ga., have said they will not support any additional aid.

House Speaker Kevin McCarthy, R-Calif. is in a difficult position on the issue of Ukraine due to a slim GOP majority in the House, which gives individual Republican lawmakers leverage to pressure him to accede to their demands.

Conservatives balked at McCarthy’s proposal last week to pair Ukraine aid with additional border funding.

https://www.cnbc.com/2023/09/21/ukra...-congress.html
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