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The National Debt


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They say the interest payment on our budget, due to uncontrolled spending, will be 800,000,000,000.00 [800 B] and actually surpass our entire budget for defense.
Schumer says if we don’t raise the Debt Ceiling the Government will fail.
 
We are Bankrupt and don’t know it! If anyone but the Government were doing this kind of creative financing the FBI & IRS would lock them up [Bernie Madoff]
Our, the US, DEBT Ceiling is set at $ 31,400,000,000,000.00 or 31.4 trillion dollars. In comparison, that amount of money would weight 31.4 million tons!
 
The bills neatly stacked, would stack up to a block equal to more than four Whitehouse’s! One trillion dollars in new crisp one-hundred-dollar bills would occupy about 400,000 cubic feet and would fill over 168 forty-foot shipping containers. If those forty-foot shipping containers were to be placed end to end, the string of those forty-foot shipping containers would extend over 1.27 miles.
 
One trillion dollars in new one-hundred-dollar bills would weigh about 22,046,226 lbs., one gram per bill. Our national debt is more than 105×'s what Russia's is. This is what you could do with 30.4 trillion dollars. Just one trillion $1 bills at 6.14 inches long laid end to end would stretch from the earth to the sun and be 96,905,505 miles long. Flying at the speed of sound or 761 mph or 1100 feet per second, spitting out a stream of 1-dollar bills behind you would have to fly nonstop for 14 years before you reeled out just one trillion $1 bills. It would take you just over 420 years to spit out 30.4 trillion dollars and you would have to fly 2,945,927,352 miles or around the sun at its equator 1085 times. 30.4 trillion dollars laid end to end would wrap around the planet 118306 times and would weigh three million four hundred thousand metric tons or six billion eight hundred thousand pounds.
 
If stacked flat on top of each other it would make a stack 2,063,126 miles high. Laid end to end 30.4 trillion $1 bills could wrap around the 272,946-mile-long equator of Jupiter 10,793 times and stretch from Jupiter's surface to the sun and back 3 times. Jupiter is 462,000,000 miles from the sun by the way. You could give every man woman and child all 39.5 million of them in the state of California $86,000 and some change each. If you tried to give away $1,000,000 every single day, it would take you 9315 years to do it or ten million dollars a day for 931 and a half years.
 
That's our national debt. Now here's the really scary part our county's total debt to the world is more than 3 times that so take all of those numbers and multiply them by 3. During Obama's terms in office our country generated more debt than any U.S. president in our history. As a matter a fact he generated more debt than every single president added to together. Over $10 trillion dollars in 8 years.
 
AND FINALLY
 
It costs $942,000,000,000 = 942 billion dollars a year to service that debt at -- 3% interest.
 
How long can we expect to avoid a total economic collapse?
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Whoa ... those are a lot of numbers.

Here's a few more.

Quote

One of President Donald Trump’s lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt.

The national debt has risen by almost $7.8 trillion during Trump’s time in office. 

The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.

image.thumb.png.99fac9637d2cac4cc4650ac9fce12c9c.png

Biden ... amirite?

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No matter who's in office or power, the debt rises.

What Irks me is that our elected officials in Albany gave themselves a raise to counter the debt and added that to our tax's.

I was told 20 years ago by a very well known investor that America was past the point of no return already.

When the politicians can give themselves a raise without the approval of the citizens, there's a problem.

"The problem is not that people are taxed to little, the problem is that government spends to much." RR

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Trump was forced to increase the debt because of CV-19 and the leftists fought him tooth and nail from the beginning when he tried to stop it from entering the country.  Trump's spending was forced upon him by the American left.  For the left to now claim Trump was all at fault is pure propaganda.

No matter,the National Debt is a Bi-Partisan problem and needs to be addressed by the entire government without political bias.  When we look at all the past attempts to control it, it's the left that objects the loudest.

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"We now have incontrovertible evidence that after five years since they took effect, the Trump tax rate cuts of 2017 raised revenues over this time period. ... The latest Congressional Budget Office report released earlier this month calculated that the federal government collected $4.9 trillion of federal revenue last year. This was up — ready for this? — almost $1.5 trillion since 2017, the year before the tax cuts became law. In other words, revenues were up 40% in five years. The evidence through the first three years of the tax cut finds that the share of taxes paid by the wealthiest 1% rose as well. So much for this being a tax giveaway for the rich. ... An obvious question is, why are we running a $1.4 trillion deficit if we have an all-time high in tax payments? Because under Biden, federal spending has exploded to more than $6 trillion. Washington doesn't have a revenue problem. It has a problem of runaway spending." —Stephen Moore

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On 1/18/2023 at 12:04 PM, left field said:

Whoa ... those are a lot of numbers.

Here's a few more.

Biden ... amirite?

More left wrote Bull !!!   Takes a special kind of idiot to try and deflect what these leftists fools are doing to the American people today. Do you ever do anything hunting or outdoor related?  Or just hang around to try and support your idiots?   As you can see today Trump is already up in numbers on Biden. Just think where he will go now that he has his social media platform back. He’s Back!  

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5 hours ago, Grouse said:

"We now have incontrovertible evidence that after five years since they took effect, the Trump tax rate cuts of 2017 raised revenues over this time period. ... The latest Congressional Budget Office report released earlier this month calculated that the federal government collected $4.9 trillion of federal revenue last year. This was up — ready for this? — almost $1.5 trillion since 2017, the year before the tax cuts became law. In other words, revenues were up 40% in five years. The evidence through the first three years of the tax cut finds that the share of taxes paid by the wealthiest 1% rose as well. So much for this being a tax giveaway for the rich. ... An obvious question is, why are we running a $1.4 trillion deficit if we have an all-time high in tax payments? Because under Biden, federal spending has exploded to more than $6 trillion. Washington doesn't have a revenue problem. It has a problem of runaway spending." —Stephen Moore

Are you really trying to speak truths and facts to idiots that support the lefts Killing of this country and it’s people.   Don’t waste your time with these fools. 

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14 hours ago, Four Seasons said:

Do you ever do anything hunting or outdoor related?  

Naw. Just here for the lulz and the t-shirt.

14 hours ago, Four Seasons said:

As you can see today Trump is already up in numbers on Biden. Just think where he will go now that he has his social media platform back. He’s Back!  

Trump is back on social media? I guess his platform failed. Again.

But that's great, really. Do you think there will be a red wave?

14 hours ago, Grouse said:

No, I post it for the people who will pass it along to those who aren't clueless.  It reinforces their positions and they can plant seeds.  You never know which ones will take root and grow.

You're like the Robert Merrill of HNY. But not as well dressed I would think.

 

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24 minutes ago, left field said:

Naw. Just here for the lulz and the t-shirt.

Trump is back on social media? I guess his platform failed. Again.

But that's great, really. Do you think there will be a red wave?

You're like the Robert Merrill of HNY. But not as well dressed I would think.

 

You should go by the way of your buddy Belo. 

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"It can only go on so long. Ordinary people who live on credit cards and pay only the monthly minimum can tell you that. Eventually, credit card payments don't pay for any new goods or services, just interest. That's what our nation faces if it doesn't change course now. Interest expenses will mount, rates will go up and an increasing proportion of tax revenues will be consumed paying interest. The Congressional Budget Office predicts that over the next 10 years, interest expense will triple. In a decade, interest outlays will exceed defense spending. Yikes. Eventually, if fiscal sanity is not restored, government will have to cut services or impose massive tax hikes, or both." —Betsy McCaughey

(This is a plan to get the public to accept Socialism)

Edited by Grouse
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