The Public Debt, and counting Thread With Updates Starting: September 27, 2013
As of 9/27/2013:
According to the U.S. Treasury: $16,738,433,470,635.61 |
Would Jan. 20, 2001 be a better start date to this thread?
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How about on Jan 20th, 2009: $10,626,877,048,913.08 Oh, what a surprise, the current guy has racked up $6.1 Trillion in 4.75 years versus the previous guy, who incurred $4.8T in 8 full years. Were you perhaps expecting a different result? Want to know how much debt accrued during the Clinton administration? (Hint: it is still a very big number.) Information sourced at treasurydirect.gov, the U.S. governments own website. |
I can hardly wait for the charts and graphs to show up . . . again . . . :D
Honestly, I don't think it's "news" that the US has a large government debt. It's been in all the news. What hasn't been in the news is whether Americans are socially and politically ready to work on debt reduction in a reasonable manner. For those that throw around the concept of "austerity" . . . what form of austerity are you specifically talking about, since we already have recent history of austerity not being particularly effective in other parts of the world. Should we be Sweden, and is that even remotely possible? |
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IMO there is no financial difference between an individuals finances and a government. We need 20 presidents with the same fiscal policy of boosting income and cutting services, and I don't see that happening. It took us almost 40 years to get to this point, and people are nuts if they think that we can get out of it in a single presidency. The only way out of debt for the US is default. Sooner or later, thats what will happen. as far as im concerned, im ready for slashed services and increased taxes. Bring it on, austerity be damned. No way to start climbing back up until we fall down first. |
Giving live links to the clocks
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US Debt Clock :: National Debt of United States World Debt Clock :: National Debt Clocks From Around The World World debt comparison: The global debt clock | The Economist Debt to the Penny (Daily History Search Application) U.S. Government National Debt: What they Won't Tell You United States National Debt Clock - Wikipedia, the free encyclopedia . |
Moonies are on it. U.S. debt jumps $300 billion
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My point was simply that this is the result of a bipartisan problem.
Is there significance to the date reported from September? |
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