[Newsbot]

Title: US: National debt hits $19.5 trillion
Category: Uncle Sam
Posted By: N_Fiddledog
Date: 2016-09-02 00:37:45

[Robair]

The estimated population of the United States is 323,672,958
so each citizen's share of this debt is $60,291.21.

The National Debt has continued to increase an average of
$2.41 billion per day since September 30, 2012

That's a cut and paste from the National Debt Clock website.

A newborn American owes 60k

[martin14]

ours is

Debt per Citizen C$29,842

So see, lil Justine can spend LOTS more on his pet projects.

Not jobs, remember, just his special little huggies stuff.


We have tons of debt to rack up.

[BartSimpson]

The US is in worse shape than Greece and the only thing we have going for us is that we're 'too big to fail'.



Yep, and three years before the fall of Rome the Romans thought the same thing.

[Robair]

Harper cut the GST when the economy was booming. Just saying.

Economist my ass. He was 100% politician. That's it that's all that's everything.

[raydan]

But the wealthiest people continue stuffing their pockets... and the government continues doing everything it can to help them out.

[Thanos]

raydan raydan:

But the wealthiest people continue stuffing their pockets... and the government continues doing everything it can to help them out.

At least three trillion of that debt was caused by the tax cuts George W. Bush gave to the wealthy. Tack on at least another two trillion for the cost of the Iraq war as well.

[BartSimpson]

Thanos Thanos:

raydan raydan:

But the wealthiest people continue stuffing their pockets... and the government continues doing everything it can to help them out.

At least three trillion of that debt was caused by the tax cuts George W. Bush gave to the wealthy. Tack on at least another two trillion for the cost of the Iraq war as well.

Tax cuts are not a cost. Irresponsible spending when revenues decline is.

[raydan]

And if ever things start going really bad, these people will be the first to jump ship.

[Thanos]

BartSimpson BartSimpson:

Thanos Thanos:

raydan raydan:

But the wealthiest people continue stuffing their pockets... and the government continues doing everything it can to help them out.

At least three trillion of that debt was caused by the tax cuts George W. Bush gave to the wealthy. Tack on at least another two trillion for the cost of the Iraq war as well.

Tax cuts are not a cost. Irresponsible spending when revenues decline is.

Those tax cuts are more than a cost. They're a cost plus interest because that's what the taxpayer eventually has to pay back to the banks those trillions were borrowed from.

[Vamp018]

BartSimpson BartSimpson:

Thanos Thanos:

raydan raydan:

But the wealthiest people continue stuffing their pockets... and the government continues doing everything it can to help them out.

At least three trillion of that debt was caused by the tax cuts George W. Bush gave to the wealthy. Tack on at least another two trillion for the cost of the Iraq war as well.

Tax cuts are not a cost. Irresponsible spending when revenues decline is.

Yep 2008 forward to today Obama/Democrats out did Bush big time in racking up the Debt Clock and more then 70% of the Cities are becoming Detroit go fast down the Crapper. Even Texas is finally showing cracks and slowing, Dam OPEC and AGW Democrat Drunks/Crackheads!!!

[PublicAnimalNo9]

And that's just the national debt. IF you look at America's real debt, it gets really scary for them. The last number I saw was a couple of years or so ago and it was $60+ trillion.
To try and put that in some perspective, the govt (all levels) would have to divest 100% of its assets, every business and corporation would have to divest 100% of their assets, and about 2/3 of the population would have to divest 100% of their assets just to reach the break-even point.