US National Debt Spiked $363 billion in Two Weeks, $1 Trillion in 12 months.

[UpInArms]

US National Debt Spiked $363 billion in Two Weeks, $1 Trillion in 12 months. But Who Bought This Pile of Treasury Securities?

The US Gross National Debt has jumped by $363 billion in the two weeks since President Trump signed the law that suspended the debt ceiling. This surge pushed the total debt to $22.39 trillion. That’s up by $1.01 trillion from 12 months ago. And these are the good times. Watch this debt balloon during an economic downturn! Whoopee! Note the technical term at the top right of the chart:



https://wolfstreet.com/2019/08/17/us-gross-national-debt-spiked-363-billion-in-two-weeks-1-trillion-in-12-months-who-bought-these-treasury-securities/

Wowzer! Just look at that chart!

[democratisphere]

1. Meanwhile the "conservative rethuglicons" sit in dead silence.

What a bunch of f'ing hypocrites!

[Farmer-Rick]

2. Traitor Trump bankrupting our country in every way possible.

[at140]

3. Trump economy is on steroids of over-spending

Any time gov't spends a Trillion dollars created in thin air, any economy will be temporarily get a boost. But the debt is not free, interest costs are increasing every year and soon will be the biggest item in the spending pie.

[BeyondGeography]

4. Maybe someone can just buy our casino chips and walk out of the house without cashing them

Last edited Sun Aug 18, 2019, 10:29 AM - Edit history (1)

[pecosbob]

5. So the Master of the Deal just put us another 363 billion in debt in two weeks

[UpInArms]

7. Here's the debt clock

https://usdebtclock.org/index.html

[pecosbob]

11. OMFG

[Joe941]

6. This is a real problem. Year after year.

Sadly it only gets brought up by whatever party is not in the White House but never a solution. We need some real long term solutions to this seemingly endless problem.

[UpInArms]

9. I had a running debt clock that I published in our newspaper

From 2006 until we sold the paper in 2016.

It didn’t matter who was in office ... it was important information

[Takket]

8. wow... it is almost as if........

slashing revenues while having a massive military budget increase when you already spend more than the next 8 countries COMBINED, is a bad idea!

[lpbk2713]

10. "A Trillion here, a Trillion there ...

sooner or later you're talking about real money."

[not_the_one]

12. republicans vs democrats

Saint Reagan observed that the national debt was "just a number", when he was trying to justify his running up the deficit.

Republicans tend to be the presidents/administrations that run up the national debt to huge numbers, resulting in recessions, and the democrats tend to be the ones who have to come in and clean up the mess. It would be simple and easy to point that out.

So WHO is the party of fiscal responsibility?

Now we have turdface adding a trillion to the deficit, and the republicans can't pass him the checkbook fast enough.