what will the national debt be in after Obama's 2nd term???

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Illini

Illini

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Obama said he cut the deficit in half. LOL what a piece of shit.
 
5teamparlay

5teamparlay

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Garbage !!


[FONT=&quot]As of April 1, 2021, the U.S. Treasury’s official figure for the debt of the federal government is $28.1 trillion—or more precisely—$28,081,128,042,931.[6] This amounts to:[/FONT]
[FONT=&quot][/FONT]

  • $85,049 for every person living in the U.S.[7]
  • $218,614 for every household in the U.S.[8]
  • 134% of annual U.S. economic output.[9]
  • 7.7 times annual federal revenues.[10]
  • 69% more than the combined consumer debt of every household in the U.S.[11]
 
3peet

3peet

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and now the debt's nearly doubled since Obama left office. Trump really was a piece of shit.
 
Michelangelo

Michelangelo

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Trump got stuck with the pandemic.

What did that do?

Shut down the roaring economy he created organically and all the taxes that went with it.

And reached into the coffers to pay for the problems created by shutdowns and the cost of Operation Warp Speed. Did anyone want him to do anything differently?
 

Ricboff

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lol,remember the days when people cared about the debt? like it was a serious talking about pt. Notice how no one talks about it anyone, ...a moot point...THROWN IN THE TOWEL,HI JAPAN!!


what happened to the Tea Party? Did Trump kill them all , seriously ? ......or need time for a re-birth?


https://thehill.com/blogs/ballot-bo...003-trump-i-will-eliminate-us-debt-in-8-years


was hysterical what he said, its possible people believed it ? the debt was rising BEFORE the little bug, under his 'guidance' (keep in mind the red chaps had full control ). Who knew drastically decreasing corp taxes and increasing spending would increase the debt? for those unaware, USA has no debt ceiling , it was eliminated by Trump, kicked the can ...does this Biden chap plan to re-install ? wtf is goin'on?
 
carlspackler

carlspackler

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The Biden farce administration cares nothing of the deficit. Just Google MMT(Modern Monetary Theory)

[FONT=&quot]"Bernie Sanders is chair of the Senate Budget Committee, and his muse is Professor Stephanie Kelton, the bright light of MMT advocates."[/FONT]
 

skoda

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5teamparlay said:
But he doubled the national debt !!
Click to expand...

ND means China has upper hand. We owe them.......


  • $85,049 for every person living in the U.S.[7]
  • $218,614 for every household in the U.S.[8]
  • 134% of annual U.S. economic output.[9]
  • 7.7 times annual federal revenues.[10]
  • 69% more than the combined consumer debt of every household in the U.S.[11]


The national debt of the United States is the total national debt owed by the federal government of the United States to Treasury security
holders.

​


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 As of December 2020, Japan held United States treasury securities totaling about 1.25 trillion U.S. dollars.

Foreign holders of United States treasury debt

According to the Federal Reserve and U.S. Department of the Treasury, foreign countries held a total of 7.07 trillion U.S. dollars in U.S. treasury securities as of December 2020. Of the total 7.07 trillion held by foreign countries, Japan and Mainland China held the greatest portions. China held 1.07 trillion U.S. dollars in U.S. securities. Japan held 1.25 trillion U.S. dollars worth. Other foreign holders included oil exporting countries and Caribbean banking centers.

In 2020, the United States had a total public national debt of 26.95 trillion U.S. dollars, an amount that has been rising steadily, particularly since 2008. In 2019, the total interest expense on debt held by the public of the United States reached 404 billion U.S. dollars, while 170 billion U.S. dollars in interest expense were intragovernmental debt holdings. Total outlays of the U.S. government were 4.45 trillion U.S. dollars in 2019. By 2025, spending will reach 5.45 trillion U.S. dollars.



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