General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhat Happened to the Republicans' Concern About the National Debt?
<snip>A large part of the national debt reflects the federal budget deficit, or the amount of spending above the revenues collected by the government. But the debt is rising faster than the amount of the budget deficit, as it also reflects things like federal lending for student loans and mortgage programs.
Peter G. Peterson Foundation President Michael Peterson said the milemarker is just the beginning, as Congress has just agreed to spend even more.
"Our national debt reached a staggering $21 trillion today, having grown by $1 trillion in just the past six months," he said. "Worse yet, this unfortunate milestone has only just begun to include the effects of the recent fiscally irresponsible tax and spending legislation, which added more debt on top of an already unsustainable trajectory."<snip>
https://www.washingtonexaminer.com/news/national-debt-hits-21-trillion
Sherman A1
(38,958 posts)the plan has always been to rack up more and more debt to cut social programs.
JI7
(89,241 posts)Thunderbeast
(3,400 posts)The precise blueprint for economic policies engineered for the purpose of concentrating wealth and destroying democracy.
It is happening here. If you read her book, this will all look like a slow motion train wreck.
LovingA2andMI
(7,006 posts)In The 777 File...
NewJeffCT
(56,828 posts)when it's an (R), all concerns go out the window.
Snackshack
(2,541 posts)rownesheck
(2,343 posts)the 2 Santa Claus idea dreamed up by those republibastards.
trof
(54,256 posts)davekriss
(4,616 posts)...once theyre ready to take another run at decimating Medicare, Medicaid, and Social Security.
UTUSN
(70,649 posts)We always knew they are rotten at the core.
onecaliberal
(32,784 posts)KWR65
(1,098 posts)In the end our government will declare bankruptcy by passing a law then settle the debt for 10 cents on the dollar.