The Debt Soars to 20 trillion Before Obama Leaves
The country is basically broke and the interest rate will not increase this year or next because Brexit so they say but we really know it's the only way The World's central banks can float their ponzi scheme longer.
serf
http://www.washingtonexaminer.com/national-debt-jumps-nearly-100-billion-in-one-day-to-record-high/article/2595507
Total government debt hit a record $19.38 trillion on Thursday, up nearly $98 billion from the day before. It's the first time it has ever exceeded $19.3 trillion.
The debt will soar higher still in the coming months, and is expected to approach $20 trillion by the time President Obama leaves office
serf
http://www.washingtonexaminer.com/national-debt-jumps-nearly-100-billion-in-one-day-to-record-high/article/2595507
Total government debt hit a record $19.38 trillion on Thursday, up nearly $98 billion from the day before. It's the first time it has ever exceeded $19.3 trillion.
The debt will soar higher still in the coming months, and is expected to approach $20 trillion by the time President Obama leaves office
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I would guess when the presses stop interest rates would soar? 0 -
It is meaningless, we aren't paying it back anyways!![:D] 0 -
No one would listen: A MILLION BILLION here, A MILLION BILLION there, pretty soon it adds up to a lot of money. Much was spent on B.S. with nothing to show.
Not a total loss, we can print more.0 -
quote:Originally posted by shilowar
It is meaningless, we aren't paying it back anyways!![:D]
Yet anything saved in dollars will be practically wiped out! So some/most people will be fleeced once again!
serf0 -
Most of the debt is held by a few. The country can file bankruptcy, reorganize and restart out better than ever with a clean slate. When I worked in the banking business someone fresh out of bankruptcy with ability to pay was a good loan. They couldn't file again for seven years and current debts were gone or at least that is what our CEO pushed. 0 -
quote:Originally posted by jltrent
Most of the debt is held by a few. The country can file bankruptcy, reorganize and restart out better than ever with a clean slate. When I worked in the banking business someone fresh out of bankruptcy with ability to pay was a good loan. They couldn't file again for seven years and current debts were gone or at least that is what our CEO pushed.
Isn't most of it held by China. Win Win.0 -
bankruptcy is in most cases a REWARD for poor management or planned screwing of suppliers....almost no filings should be allowed 0 -
Just wait and see what China does when they find out there's no Gold at Ft. Knox and we can't repay their loans [:0].....they were so eager and happy to go capitalist reaching for the mighty US dollar, kinda like watching someone lose their shirt at a rigged carnival game and then discovering it was crooked.........bloods going to flow [;)] 0 -
we could send em some poison s--t like they sold us 0 -
Ever seen a city run by a nagger demonrat NOT go down the s***chute?
They f up EVERYTHING0 -
This mjrfd99 needs permanent banning. 0
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