OK, this is pretty nuts. According to data released by the Treasury Department yesterday, the US national debt has soared by a whopping $294 billion since the start of the 2017 fiscal year, just 45 days ago. Thats an annualized increase of 13%. So if they keep up this pace, the national debt will increase by $2.4 trillion this fiscal year, surpassing $21 trillion by next September. Its hard to believe how rapidly the debt is growing; debt growth is far outpacing the growth of the US economy and theres no way to pretend that this is good news. That doesnt stop leading economists from trying. Rest of Article Here My commentary is that this is mainly the Democrats of course, but there are liberal Republicans who like to spend, yes. The Democrats join with them to create an unholy alliance that causes all of the problems in our government. They run up trillions in debt and then scream "That conservative minority is trying to destroy the country!" Democrats cry "But deficit spending started dropping under Obama!" But deficit spending went down due to Republicans retaking the House. That's the only reason. Same reason Clinton was held in check in the 90's. But Obama has fought for more and more spending and they've had to reign him in. This debt explosion is the best they could get otherwise Obama would shut down the government and blame them, which the media would totally promote. But again, that is irrelevant. The point is that the debt eventually gets so big when you just keep going into debt constantly, that it eventually crashes the system. We're close to the end game, and there won't be a way out. Not without a lot of pain.
at this point it looks unstoppable trump, will add at least 5 to 7 billion with his infrastructure plans over the next 4 years to it and tax decreases, unless with get 8 to 10% GDP increase
Now see that jump up around 2009-2010? That's because as soon as President Obama took office, one of the first things he did was to eliminate accounting gimmicks that the Bush Admin used to hide the true deficit.
come on it was the banks bail out and the 85 billion a month stimulus for years quwe 1,2,3 http://www.netadvisor.org/2012/12/12/the-u-s-fed-printing-85-billion-per-month-of-stimulus/
President Obama was elected in 2008. He wasn't inaugurated until 2009. So it goes back to the Bush Admin.
Not only that, we were bailing out banks to the tune of over a trillion and had two unpaid-for wars, another trillion at that point. Much of the debt was a result of the Republican global economic collapse.
You may be right about what he actually adds to the debt, but Trumps wants a trillion dollar infrastructure building plan, over 10 years. That's $100 billion per year. I doubt Congress is going to fund it, so your numbers may be closer to what he actually will get Congress to appropriate. What's really bad is, the American Society of Civil Engineers say we have a $3.6 Trillion need just to restore existing infrastructure.
My suggestion is that we start gradually narrowing the gap between what the government spends and what it takes in. There will never be any political motivation to control spending unless the American people are having to pay for their spending. Everyone will hate this idea, of course.
In reality now it is impossible to say for sure. "Experts" are too biased to pay attention to their words. Now we say exactly that USA will increase debt to maintain living standards, because if the government stop to feed poor peoples, then they will take up arms. [video=youtube;Txb31Z2kRbA]https://www.youtube.com/watch?v=Txb31Z2kRbA[/video]
