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The US's national debt spiked $1 trillion in less than 6 months

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posted on Feb, 27 2018 @ 04:59 AM
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a reply to: Southern Guardian

But... but... but... Obamary!

Nothing changed, just wait for the bombardment with whataboutisms.

#TooBigToFail




posted on Feb, 27 2018 @ 05:13 AM
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The thing I find amusing about it is this idea of trying to spend your way out of trouble, like trump is doing, it is a pretty far left sort of policy. Borrow big and spend big on national infrastructure projects.

But heaven forbid we suggest Trump is pursuing a leftist economic policy.


He has gone about it in a bandit capitalism sort of way though. Instead of borrowing big and spending on state run infrastructure projects, he's borrowing big and giving it to corporations in the tax cut, and crossing his fingers and hoping some of that cash will get spent on infrastructure and not ciphoned off by bosses and share holders.

Personally I'd rather see the state doing it. I have little faith in big business doing the right thing.



posted on Feb, 27 2018 @ 05:15 AM
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If we're going to blame presidents for our debt, at least blame the 2 presidents that set us up for this economic crisis.

Woodrow Wilson and Richard Nixon.

1913 - The creation of the Federal Reserve.

1971- The cancelation of the direct international convertability of the U.S. dollar to gold.

Q. What happens when you can print $ out of thin air?

A. Inflation.

Q. What happens when you have a centralized bank print $ out of thin air?

A. Inflation + Interest.

There needs to be an audit to determine how much gold we have, so we can return to the gold standard and phase out the role of the federal reserve.

Then we can adhere to the Constitution, returning the authority to Congress, to create and regulate the values and weights of foreign and domestic monies.

But realistically, when money is power and you have the ability to create money to buy more power, would you give that up?

But even IF we had a concentrated effort today to follow the Constitution, thanks to the powers that be, we still wouldn't have the votes to act on this for 10-20 years.



posted on Feb, 27 2018 @ 05:19 AM
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This is why Ron Paul was on to auditing the Fed.

The worse part is one of the most brutal regimes in History spawned the current Chinese leadership and we sold our debt to them. Good lord, that just seems nuts.



posted on Feb, 27 2018 @ 05:34 AM
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a reply to: 3NL1GHT3N3D1

Not only is our country itself in huge debt, but the vast majority of American individuals continually live above their means. Seems we've become accustomed to or comfortable living by perception or deception. Is it ingrained in us, or has the fascade wore off to the point that we have to place a rabbit in front of us to chase.



posted on Feb, 27 2018 @ 06:07 AM
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I will say this, the military budget is ridiculous already. The budget was not an issue but lack of oversight on how the money is spent is why we don't get a good return on our investment.


www.forbes.com...

Missile defense is worth more than all the f35's being built in my opinion but congress keeps feeding the military industrial complex I guess.



posted on Feb, 27 2018 @ 07:07 AM
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Its pretty bad...

... but I think the plan was never to pay it anyway



posted on Feb, 27 2018 @ 07:09 AM
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originally posted by: Anathros
I will say this, the military budget is ridiculous already. The budget was not an issue but lack of oversight on how the money is spent is why we don't get a good return on our investment.


www.forbes.com...

Missile defense is worth more than all the f35's being built in my opinion but congress keeps feeding the military industrial complex I guess.


A Missle Silo without a reliable Air defense mechanism to shoot down the enemy Jet Fighters will mean we won't get very far. Small fast jets with great maneuverability that are manned by a person and soon totally computer driven is more likely to evade our ground to air defenses than they would another jet fighter with similar capabilities acting in defense.

We should go back to "walk quietly and carry a big stick".

The more F35's we have trained pilots and all, the better for our overall defense. The more air to air missiles we can succesfully use the better chance we have of protecting the ground to air defenses.



posted on Feb, 27 2018 @ 07:50 AM
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a reply to: Southern Guardian



Yes, and trump said he was going to fix the deficit, yet he is going to add more than Obama did. GOP doesn't mind that though. At least he is backing down on the military parade, now that he is seeing how much it would cost.




posted on Feb, 27 2018 @ 07:50 AM
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1 year and 2 months in under the Trump administration. 8 years on with the GOP in control of congress. What do we end up with?


The last guy.

You'd be hard pressed to sight any real legislation signed in to law after a year.

Because that is how that works.

You want to point the finger.

Student loan debt over $1 trillion.

The Affordable Shaft Act.

Increase spending for both SS and Medicare, and medicaid.

But hey.

What the eff ever.



posted on Feb, 27 2018 @ 07:59 AM
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a reply to: Southern Guardian


The other $4.4 trillion budget proposal introduced to congress by the administration. The military is set to get a hansom $195 billion increase to it's annual budget over the next two years. We're just spending like anything.

Why not? Its just zeros in a memory bank.

They know when it all comes crashing down, the slate gets wiped clean, they issue new currency and start over.

Of course they will be safe in their castle towers, off shore islands and deep, bomb proof bunkers.



posted on Feb, 27 2018 @ 08:38 AM
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a reply to: Southern Guardian

Are you turning fiscally conservative? Great!

We do need to figure out our National priorities in regards to what we can afford. We can't do everything want to do with the money we have.

We can either bicker with each other from both sides Of the aisle and get nothing accomplished or we can have an actual discussion of what priorities should be in regards to our budget.

The deficit was projected to grow in the years following the Obama Administration. Trump's tax cuts definitely don't help the deficits as less money will be collected. So we have to determine what's most important as a Nation.

What's your number one budget priority Southern Guardian? Where's your place we will cut the budget?

It's time both parties take a centerist approach to the budget. I would have wished for more Democrats involvement with the new Tax Plan but that didn't work out on either side.



posted on Feb, 27 2018 @ 10:00 AM
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The USA is a morally bankrupt nation with a pu$$y grabin, porn star f++++in philandering, pres.; perhaps we should just declare monetary bankruptcy as well.

Trump understands bankruptcy.....

www.metro.us...
edit on 27-2-2018 by olaru12 because: (no reason given)



posted on Feb, 27 2018 @ 10:14 AM
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a reply to: Kandinsky

I’m in the UK like you, but we share so many similarities with the US economy and policy that it’s not much different really..

Well I’ve figured for a long time now that despite my NI contributions over the years there won’t be a state pension by the time I get to retire, and I don’t have a private pension either so guess I’ll be screwed. I’ve also figured out the way society is going in general means the system must collapse at some point.

They tried to avoid this in 2007/8 with “the to big to fail” concept, but nothing’s changed really and I see another housing bubble ready burst around the corner..

To many families and single parents are dependent on welfare of some kind to support their children and simple book keeping tells us you can’t spend more than what you are earning. Yet this is what governments are doing through out the world, even China is debt! They print money and call it quantitative easing, I print money and go to jail for devaluing the currency..

I can’t imagine what the long term plan is of any sane person that would allow this situation to happen. But I suspect a reset must occur soon and when it does the new government issued currency will be a crypto one.



posted on Feb, 27 2018 @ 12:37 PM
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a reply to: TheLead



or has the fascade wore off to the point that we have to place a rabbit in front of us to chase.


Cue the political soap opera playing out in the media.



posted on Feb, 27 2018 @ 02:33 PM
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a reply to: surfer_soul

I agree with nearly everything you've written there.




But I suspect a reset must occur soon and when it does the new government issued currency will be a crypto one.


Is the currency at fault? Or is it the system that will need changing?



posted on Feb, 27 2018 @ 03:11 PM
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Wait now leftists care about the national debt?
I'm confused.
The cognitive dissonance in the op is astounding...

We are 19 trillion in debt yet these people skreech about 1/20th of the problem? Typical leftists.



posted on Feb, 27 2018 @ 03:12 PM
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Gotta spend money to make money.



posted on Feb, 27 2018 @ 03:13 PM
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originally posted by: olaru12
The USA is a morally bankrupt nation with a pu$$y grabin, porn star f++++in philandering, pres.; perhaps we should just declare monetary bankruptcy as well.

Trump understands bankruptcy.....

www.metro.us...

Try grammar sometime...
It's fun to not look like a raving lunatic.



posted on Feb, 27 2018 @ 03:15 PM
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a reply to: Southern Guardian

We get to blame the Obongo administration for this right?

I mean all the liberals were saying the thriving markets were because of Obongo right?



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