National debt hits $19 trillion

Started by walkstall, February 04, 2016, 10:07:10 AM

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walkstall

In just over 13 months.   :cursing:


snip~
2/1/16
The national debt hit $19 trillion for the first time ever on Friday, and came in at $19.012 trillion.

more @
http://www.washingtonexaminer.com/national-debt-hits-19-trillion/article/2582097
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Always remember "Feelings Aren't Facts."

supsalemgr

Quote from: walkstall on February 04, 2016, 10:07:10 AM
In just over 13 months.   :cursing:


snip~
2/1/16
The national debt hit $19 trillion for the first time ever on Friday, and came in at $19.012 trillion.

more @
http://www.washingtonexaminer.com/national-debt-hits-19-trillion/article/2582097

And not a peep from the GOPe that controls the purse strings.
"If you can't run with the big dawgs, stay on the porch!"

Solar

Quote from: supsalemgr on February 04, 2016, 10:22:02 AM
And not a peep from the GOPe that controls the purse strings.
It would be a third of that if not for their help.
Then again, 19 trillion is akin to the Marxists unemployment numbers, neither tell the real damage.
Official Trump Cult Member

#WWG1WGA

Q PATRIOT!!!

Possum

I believe it was Rush who asked "why even collect taxes if spending is this out of control" or words to that effect.( no plagiarism here, no sir, you need a better memory for that.) I would like to see a lib answer that one.

kit saginaw

Quote from: supsalemgr on February 04, 2016, 10:22:02 AM
And not a peep from the GOPe that controls the purse strings.

They most-likely know about the myth of the Clinton 'balanced budget' and his so-called surplus.  With more people working, thanks to Reagan, more money was paying-into Social Security, which it legally has to buy Government-securities with.  The Government still kept spending.  It just wasn't borrowing from taxpayers at the moment.  It was borrowing from Social Security.

That's like borrowing from a bank, then saying you have a 'surplus'.

The GOPe never drove that point home against the defenders of Bill. 

Just like his 'balanced budget'.  There's nothing more fragile than a surplus.  If Clinton knew what he was doing, the surplus should've happened near the beginning of his Presidency.  Not at the very end.  Homeowners had more money, so they spent more... and imports began outpacing our exports.  Ta da... !  Trade-deficit.  Household debt: up.  GDP: down.

Hence; a 'Constitutional Amendment to balance the Budget' does nothing if the private-sector is running deficits.  The Government can print its way to surplus right now, if it wants. 

We can sell our National Parks for 3-trillion.  Our grandkids will be debating that partial solution if we don't start whittling-down the 19-trillion within the next couple of years.  In the meantime, Buy American.