The U.S. national debt is rising by $1 trillion about every 100 days

It matters all the time. Just calling out the hypocrisy of the GOP as they make a big deal about it, except when they are in power. Carry on.

 

And it matters more to some people. Like those who are unwilling to vote for the largest debtor President, per annum, in US history - Trump.

Those who ARE willing to vote for the largest debtor President, per annum, in US history (Trump), must just be pretending to care about the debt, no?

 

LOL, it's a CNBC article.

 

I will partially agree but I think we are becoming too comfortable with racking up so much debt. Japan’s situation is somewhat specific so we don’t know for a fact that it will play out the same for us, and Japan hasn’t been an example of economic dynamism. Also Japan citizens save a lot more than we do so that helps them assimilate the debt. At a minimum I suspect so much debt will keep US interest rates higher due to supply and demand, so much of the new debt will be paying for older debt and we end up getting little actual spending / stimulus for the excess debt.

 

So what, the deficit is still an issue regardless of which news outlet reports about it.

 

You're right but the Dems are worse imo. Anyone who is fiscally responsible is Republican Rand Paul for example. The neocon never-Teump Bush family gave us 3 wars that will cost us over $10 trillion. Democrats gave us WW1, WW2, the Korean war, the Vietnam war, the Bosnian war, the war in Serbia, the Syria war, the Libya war, the war in Ukraine, fDR's new deal, open borders (I blame many never-trump Republican types for this as well). The way I see it the big drive towards socialism came from Democrats and Republicans went along with it to get elected. Name a social program where Reps want to spend more than Dems. Both parties kids Israel's behind. If you don't support Israel's foreign policy agenda you probably can't be elected to the Senate or become President.

The biggest cost to America will be open borders. Dem posters here are trying to justify it. No Rep would

 

I prefer to get my news from the business channels. There bias is right out front they are pro business.

 

All part of the plan...

Crash the system and blame it on Capitalism. Then the communists get to "re-set" our system that favors the Groomer and the Pedophiles... grifters in congress.

 

“The Dems are worse”……then cites 2 Pub prez’ whose wars cost $10T

Obama increased debt $9T in 8 years.
Trump added $8T in just 4.

Don’t bother with facts. Just leave on those partisan beer goggles.

 

US Debt by President | Chart & Per President Deficit | Self.

 

Need to adjust by one term or two term

 

I guess Trump is a communist, groomer pedophile because he contributed more, per annum, than ANYONE to "crash the system" ?


Why are you so excited to vote for a communist, groomer pedophile, sir?

 

We can do it with Compound Annual Growth Rate (CAGR):

Reagan: 14.0548%
H.W. Bush: 11.4686%
Clinton: 3.4964%
W. Bush: 9.3931%
Obama: 6.8566%
Trump: 8.8582%
Biden (using 3 years): 5.2729%

So, if we were to order them, the lowest 3 were the three Democrats, and the highest 4 were the 4 Republicans, with about a 2% per year difference between the highest Democratic Presidency and the lowest Republican one.

 

Good information but it does require a :

 

The US government has borrowed more than $102,000 in the name of every man, woman, and child in this country. Just a hair under $200,000 per taxpayer. Add in unfunded liabilities and these numbers are between double and triple. Both parties have done this to us. It is a congressional problem, much more than a presidential problem. Congress doesn’t have the balls to draw lines and cut pork, presidents don’t have the balls to veto.

If you only see this as a partisan issue then you are either disingenuous or a total fool. If you think the last 3 years of inflation were bad, you probably need to buckle up.

Take your tax bill last year and see how many years it would take to pay your $200K even if deficit spending ended tonight.

 

How much of that debt is owed to the taxpayers themselves?

 

Is it safe to assume that you weren't anywhere near this fired up when that orange guy you probably voted for was adding nearly $2 trillion to the debt, in a giveaway to corporations and top brackets?

Is it safe to assume you weren't among the chorus of economically literate people at that time citing fiscal stimulus as being unnecessary and inflationary?

It's GOT to be safe to assume that you never once brought up that inflationary unnecessary fiscal stimulus when people were going crazy about "Bidenflation."

Oh well, now that it's "both sides", at least you're really fed up with the fiscal irresponsibility. Enough to even speak up about it!

But one much more so than the other.

 

Ok, I’ll bite; What difference does that make?

 

Are you really asking how your analysis of borrowing changes if the same person is both the lender and the borrower?

 

I'm opposed to increasing the national debt buy here are two interesting thoughts on the national debt. I do wish the treasury would replace the current bills, notes, and bonds with a convertible debt so holders of treasury could convert their debt into ownership of federal lands, etc. I'd like to own a piece of Yosemite or the Lincoln monument.

Does the National Debt Matter?| St. Louis Fed (stlouisfed.org)

"If one had to draw on the corporate sector for analogy, an example might be a bank. A significant amount of debt issued by banks is in the form of insured deposit liabilities. Because insured deposits are safe and because they constitute money, investors are willing to carry deposits at low yields. As a result, deposits are a very cheap source of funding for banks.

This low-cost source of funds is used to carry higher return assets, like mortgages and business loans. One might say that the net carry cost of debt, in this case, is negative. To the extent that the federal government invests in programs designed to enhance productivity (e.g., healthcare and infrastructure), the same thing might apply to the national debt, which is willingly carried by investors at relatively low yields."

But even if government expenditures do not generate high pecuniary rates of return, the federal government may still be in a position to carry its debt at an effective negative rate. This would be true, for example, if the interest rate on the national debt was on average less than the growth rate of the economy or, as the condition is expressed in more technical terms, if r ‹ g.

It follows as a matter of simple arithmetic that if r ‹ g, then the government is in position to run a primary budget deficit indefinitely—that is, the effective carry cost of the debt is negative, even if the interest rate on the debt is positive.5 Figure 1 plots the year-over-year growth rate in nominal GDP against the five-year Treasury constant maturity rate."

Here's Why the US Doesn't Have to Pay Off Its $31 Trillion Debt: Krugman (businessinsider.com)

"The US doesn't actually have to pay off its $31 trillion mountain of debt, according to top economist Paul Krugman, hitting back at the idea that government finances can be compared to household balance sheets in an op-ed weeks before the US possibly defaults on some obligations.

Though individual borrowers are expected to pay off debts, the same isn't true for governments, Krugman argued in a column for the New York Times on Friday. That's because unlike people, governments don't die, and they gain more revenue with each passing generation.

"Governments, then, must service their debts – pay interest and repay principal when bonds come due – but they don't necessarily have to pay them off; they can issue new bonds to pay principal on old bonds and even borrow to pay interest as long as overall debt doesn't rise too much faster than revenue," he added.

Though the debt-to-GDP ratio hovered around 97% last year, interest payments on that debt is only around $395 billion, according to the Office of Management and Budget, or around 1% of last year's GDP."