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Post by sigurdur on Sept 8, 2016 14:26:42 GMT
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Post by sigurdur on Sept 12, 2016 15:47:51 GMT
Our current National Debt is such a dog gone anchor on the economy it isn't funny.
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Post by sigurdur on Sept 17, 2016 21:31:16 GMT
19,480ish Friday and today $19,508,241,572,025.55 It took forever to pass 19.5 I'm skeptical it will top 20T this year but it just might.... This Fiscal year, nope. Early in FY 2017? Yep!
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Post by sigurdur on Sept 18, 2016 6:52:33 GMT
Such high and rising debt would have serious negative consequences for the budget and the nation: When interest rates increased from their current levels to more typical ones, federal spending on interest payments would rise substantially. Because federal borrowing reduces total saving in the economy over time, the nation’s capital stock would ultimately be smaller than it would be if debt was smaller, and productivity and total wages would be lower. Lawmakers would have less flexibility to use tax and spending policies to respond to unexpected challenges. The likelihood of a fiscal crisis in the United States would increase. There would be a greater risk that investors would become unwilling to finance the government’s borrowing needs unless they were compensated with very high interest rates; if that happened, interest rates on federal debt would rise suddenly and sharply. www.cbo.gov/publication/51129
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Post by sigurdur on Sept 20, 2016 3:22:37 GMT
Rail traffic is down as well.
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Post by sigurdur on Sept 21, 2016 19:45:39 GMT
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Post by sigurdur on Oct 11, 2016 1:24:26 GMT
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Post by sigurdur on Oct 18, 2016 2:12:46 GMT
Skyrocketing again. Super bad deal
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Post by sigurdur on Oct 27, 2016 18:46:18 GMT
looks to me like it will break 20 big ones prior to President Obama leaving office.
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Post by sigurdur on Nov 15, 2016 2:17:32 GMT
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Post by sigurdur on Nov 23, 2016 19:29:11 GMT
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Post by sigurdur on Nov 27, 2016 2:07:06 GMT
Since FY 2017 started it is up $321.550 Billion. We aren't 2 months into this fiscal year!!!!
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Post by sigurdur on Nov 29, 2016 15:18:08 GMT
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Post by sigurdur on Dec 2, 2016 22:59:08 GMT
I can't see how it won't breach 20 TRILLION before President Obama leaves office. The fault is not only his, but Congress bears as MUCH if not MORE credit for this massive debt.
Meanwhile, the main stream press talks about twitter. Mind blowing isn't it?
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Post by sigurdur on Jan 5, 2017 18:30:23 GMT
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