U.S. Debt Was $19,947,304,555,212 On Jan. 20th… You’ll Be Stunned At Where It Is Now.
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Thread: U.S. Debt Was $19,947,304,555,212 On Jan. 20th… You’ll Be Stunned At Where It Is Now.

  1. #1

    U.S. Debt Was $19,947,304,555,212 On Jan. 20th… You’ll Be Stunned At Where It Is Now.

    U.S. Debt Was $19,947,304,555,212 On Jan. 20th… You’ll Be Stunned At Where It Is Now.
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    On January 20th — Inauguration Day — the debt was resting at a $19,947,304,555,212.40, or $19,947 billion.
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    Today, the debt is $19,935,316,186,835.70, or $19,935 billion.
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    In just one month under the Trump administration, the entirety of the debt has been cut by 0.1 percent ($12 billion — whereas former President Obama grew the debt $200 million in his first month.
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    This is an unprecedented achievement considering the rate at which the national debt has been growing over the last decade.
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    These numbers provided above are taken directly from a day-to-day count by the official U.S. Treasury website, Here is a screenshot of Trump’s incredible progress:
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    Read More:
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    U.S. Debt Was $19,947,304,555,212 On Jan. 20th... You'll Be Stunned At Where It Is Now
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    My Thoughts:
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    Sure looks like something is going the right way doesn’t it?
    The only easy day was yesterday
    Dedicated to my brother in law who died
    doing what he loved being a Navy SEAL

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  3. #2
    Macro-economics is really complicated.

  4. #3
    Join Date
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    On 11/30/2016, the total public debt was 19,948,064,697,245.75. On 01/19/2017, it was 19,944,429,217,106.77. Did President Obama in his last months in office reduce the US debt by $3.6 billion? President Trump's $200 million can't really compete with that.

    Do you believe nonsense like this? Do you know how our government works? Do you know who authorizes government spending? Do you know who manages the US debt?

  5. #4
    If you liked BHO's deficits and additions to the national debt, then you are going to love DJT's as well.

    With all of DJT's proposals -- infrastructure improvement AND tax cuts -- he is going to skyrocket the deficit the same as Reagan did in his own day.

  6. #5
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    May 2013
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    That debt problem

    Quote Originally Posted by HKS View Post
    If you liked BHO's deficits and additions to the national debt, then you are going to love DJT's as well.

    With all of DJT's proposals -- infrastructure improvement AND tax cuts -- he is going to skyrocket the deficit the same as Reagan did in his own day.
    Go to this page....

    U.S. National Debt Clock : Real Time (Real time debt clock)

    If you can't see the numbers, Turn off NoScript if you have it on, you need Javascript etc to be able to see the numbers.

    Scroll down to the part where it says Social Security Liability and Medicare liability. The part that nobody wants to do anything about but they're going to have to because each of these programs is about to collapse.

    Medicare will run out by 2026 under current budgets. Social Security as we know it will be gone by 2035 if not much sooner (benefits would drop by almost 30 percent).

    https://www.sovereignman.com/trends/...edicare-20675/

    Take into account inflation and you have a problem that nobody can ignore anymore (but probably will). One of those things that no politician wants to be the one to confront.


    Have a plan that does not involve eventually receiving Social Security if you are going to be alive that long, IMHO. Because it will likely not be there or if it is it will be so difficult to obtain (or the amounts received so small) that it will be pointless.
    Member, FPC - https://www.firearmspolicy.org/act/
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  7. #6
    Quote Originally Posted by freethink View Post
    Go to this page....

    U.S. National Debt Clock : Real Time (Real time debt clock)

    If you can't see the numbers, Turn off NoScript if you have it on, you need Javascript etc to be able to see the numbers.

    Scroll down to the part where it says Social Security Liability and Medicare liability. The part that nobody wants to do anything about but they're going to have to because each of these programs is about to collapse.

    Medicare will run out by 2026 under current budgets. Social Security as we know it will be gone by 2035 if not much sooner (benefits would drop by almost 30 percent).

    https://www.sovereignman.com/trends/...edicare-20675/

    Take into account inflation and you have a problem that nobody can ignore anymore (but probably will). One of those things that no politician wants to be the one to confront.


    Have a plan that does not involve eventually receiving Social Security if you are going to be alive that long, IMHO. Because it will likely not be there or if it is it will be so difficult to obtain (or the amounts received so small) that it will be pointless.
    When LBJ's Medicare and FDR's OASDI become an issue in 10 to 20 years, respectively, then Congress will simply need to act.

    No big surprise there.

    So when the H1B's take all of our jobs they can pay all of our taxes for Medicare and for OASDI too.

  8. #7
    Join Date
    May 2013
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    California
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    330
    Not H1Bs, HKS. Because by the time Medicare runs out in 2026 it won't be H1Bs you'll need to be worried about, it'll be robots.

    Cheers
    Member, FPC - https://www.firearmspolicy.org/act/
    CZ-52 (Česká Zbrojovka vzor 52), M44 Russian w/Brass Stacker, & 80percenters
    HELP STOP ANTI-2A BILLS! COPY & SHARE THIS LINK: fundrazr.com/018flf

  9. We deserve social security and Medicare. If not then give me my money back I paid in for fifty years.


    Sent from my iPhone using USA Carry

  10. Pay down the debt.


    Sent from my iPhone using USA Carry

  11. Why do we hear so much about social security and Medicare going broke when people have paid into them for years and after retiring still pay into Medicare and have co-pays ?

    Why do we never hear of Medicaid going broke when people who receive it do not pay anything into it or have co-pays ?

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