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Old 06-09-2019, 05:17 PM
 
Location: Nebraska
3,255 posts, read 1,633,014 times
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Interesting, how the debt has not moved for 4 months.

There just seems to be so much corrupt, fishy stuff going on. I venture to guess they not only cooking the books when it comes to national debt, but also inflation, gross domestic product, deficits and every other government indicator.

https://treasurydirect.gov/NP/debt/current

https://treasurydirect.gov/NP/debt/s...dDay=&endYear=
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Old 06-09-2019, 06:05 PM
 
1,114 posts, read 227,918 times
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Oh, it is going up quickly. Check out the rapidly increasing debt and deficit stats here:

Have almost reached $70K debt per citizen in the US as well!

https://www.usdebtclock.org/
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Old 06-09-2019, 06:08 PM
 
9,588 posts, read 4,598,726 times
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Executive order?
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Old 06-09-2019, 08:15 PM
 
8,024 posts, read 7,302,834 times
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The difference between https://www.usdebtclock.org/ and https://treasurydirect.gov/NP/debt/current is probably going to be what they need to issue once a debt ceiling law is passed. It's probably going to be somewhere between 600 and 800 billion dollars.
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Old 06-09-2019, 08:42 PM
 
Location: Gulf Coast Texas
28,488 posts, read 15,447,826 times
Reputation: 11401
This happened back in 2017.

Here is my post from June 2017.

Check out the link below.

Quote:
Originally Posted by DRob4JC View Post
The Daily History of the Debt Results

The table here says the debt has decreased $101 billion.

However, something strange is occurring... the debt was decreasing constantly through March 15th... and since then it has remained stagnant for 3 months. Seems strange to me.
I changed the date in the link in the URL from the link. The debt remained virtually unchanged for almost six months - from March 2017 to Sept 2017
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Old 06-09-2019, 09:03 PM
 
4,500 posts, read 882,413 times
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A true miracle: in the next 24 hours, the national is now only at $100 million.
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Old 06-09-2019, 10:23 PM
 
Location: San Diego
5,065 posts, read 1,386,749 times
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Quote:
Originally Posted by heart84 View Post
Oh, it is going up quickly. Check out the rapidly increasing debt and deficit stats here:

Have almost reached $70K debt per citizen in the US as well!

https://www.usdebtclock.org/
That website's got little to do with the debt. It's just a free-running clock that advances at roughly the speed the debt usually increases. They bump it every now and then to compensate for its errors.

But when the debt grinds to a halt, they usually don't bother stopping the so-called "US Debt Clock" site.

Relying on that site (a private site not run by the Treasury Dept or any other Govt agency) for an accurate count of the debt, is foolish.
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Old 06-09-2019, 10:31 PM
 
Location: San Diego
5,065 posts, read 1,386,749 times
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Quote:
Originally Posted by lovecrowds View Post
Interesting, how the debt has not moved for 4 months.

There just seems to be so much corrupt, fishy stuff going on. I venture to guess they not only cooking the books when it comes to national debt, but also inflation, gross domestic product, deficits and every other government indicator.

https://treasurydirect.gov/NP/debt/current

https://treasurydirect.gov/NP/debt/s...dDay=&endYear=
This usually happens when the govt hits the "Debt Ceiling" passed by Congress.

They just go right on spending, and pay for it by raiding various Federal retirement funds, trust funds for other programs, etc. By some technicality this does not count as "borrowing", though that's exactly what it is, so it evades "National Debt" accounting.

This used to elicit outrage from all the papers, media, etc. Now they just yawn and ignore it.

Eventually Congress caves and passes a higher "Debt Ceiling", as though that's going to stop anything six months or a year from now. Then the very next day they allocate huge spending to replenish all the trust funds they raided.

Just "Business as Usual" for the Big-Spending Government, not interesting enough to publish or even mention on the news. They know the "Rigorous Debt Ceiling" that Congress so righteously passed a while ago, will be raised without a second thought.

If people had any respect for this "law", it would be an "Instant Balanced Federal Budget", bringing all borrowing to a complete halt when it was reached.

Needless to say, nobody has any respect for it at all. And time and again we see their scorn justified.

Last edited by Roboteer; 06-09-2019 at 10:49 PM..
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Old 06-10-2019, 03:23 PM
 
Location: Ohio
19,910 posts, read 14,235,190 times
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Quote:
Originally Posted by lovecrowds View Post
Interesting, how the debt has not moved for 4 months.
Actually, what's interesting is your inability to understand.

There's no such thing as a "national debt."

There is a federal debt. Are you perhaps referring to that?

Since you can't even properly identify it, I seriously doubt you understand that the federal debt consists of two components: the public debt and the intragovernmental debt.

Intragovernmental debt is largely various trust funds. That includes the OASI Trust Fund (Social Security), the OADI Trust Fund (Social Security Disability), the HI Trust Fund (Medicare Part A), the SMI Trust Funds (Medicare Part B & Part D), the Railroad Retirement Trust Fund and trust funds for federal employees and military members, EPA superfunds, and a few other things.

In case you hadn't noticed, and apparently you haven't, the population is aging rapidly. That, in conjunction with lower tax revenues for Social Security and Medicare, has resulted in a draw-down of the trust funds.

The special treasury securities in the trust funds have significantly higher interest rates than the marketable securities the Federal Reserve auctions off.

For example, some OASI Trust Fund securities have interest rates of 11.3%. The law allows up to 15% for the non-marketable special treasury securities.

The point of this is that it costs much more to service intragovernmental debt than it does to service public debt.

So, when the government pulls a special treasury security bearing 11.3% interest and converts it to cash to pay out Social Security benefits for a given month, that is then converted to a marketable treasury security with an interest rate of anywhere from 1.0% to 2.25%, which is what I believe they're going for at the moment.

Which is more, 11.3% or 2.25%?

Get it?

Because it costs less to service public debt than it does to service intragovernmental debt, the federal debt will not rise as quickly.


You also ignore the fact that April was tax month, and taxes were due, so the government got a huge amount of tax receipts.
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Old 06-10-2019, 06:56 PM
 
19,378 posts, read 17,488,305 times
Reputation: 10585
For years I wondered why the national debt was stuck at just under 20 trillion dollars under Obama. It never budged and they wouldn't update it. Then he left office and it was over 20 trillion as soon as Trump came in and its been going up ever since. You could just erase the debt that's owed to the Feds, or at least cancel a big chunk of it. They can't charge interest on money that has no value and they should be retroactively charged for interest that was paid plus penalties. And then disband the Fed outright or make them list assets to cover the value of the money they've printed.
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