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  #1  
Old 10-18-2013, 05:29 AM
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PRESIDENT DONALD J. TRUMP
 
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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

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Old 10-18-2013, 07:18 AM
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Would Jan. 20, 2001 be a better start date to this thread?
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Old 10-18-2013, 12:08 PM
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Originally Posted by Shortsguy1 View Post
Would Jan. 20, 2001 be a better start date to this thread?
Sure, why not: Jan 19th, 2001: $5,727,776,738,304.64 (sorry, figure for Jan 20th not available)

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.
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Old 10-18-2013, 12:45 PM
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I can hardly wait for the charts and graphs to show up . . . again . . .

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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Old 10-18-2013, 02:21 PM
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Originally Posted by MTI View Post
I can hardly wait for the charts and graphs to show up . . . again . . .

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?
not gonna happen. kicking the can down the road has been an acceptable policy for too long, and playing the blame game and partisan politics replaces real fiscal policy.
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.
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Old 10-18-2013, 03:25 PM
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Moonies are on it. U.S. debt jumps $300 billion
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Old 10-18-2013, 03:47 PM
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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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Old 10-18-2013, 04:59 PM
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Quote:
Originally Posted by MTI View Post
I can hardly wait for the charts and graphs to show up . . . again . . .

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?
They, like the politicians they elect, are not.

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