Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The federal debt increased by $105.8 billion in January, according to the the U.S. Treasury Department, jumping from $14.0252 trillion at the close of business on December 31 to $14.1311 trillion at the close of business on January 31 keeping fiscal 2011 on track to be the second ranking year in U.S. history for an increase in the federal debt.
The federal debt increased by $1.89 trillion in fiscal 2009, making that the top ranking year in the history of the United States.
As of now, fiscal 2010 is the second-ranking year in U.S. history for accumulating new federal debt. In that fiscal year, the federal debt increased by $1.65 trillion. However, the federal government’s accumulation of new debt in fiscal 2011 is currently on a pace to outstrip the new debt accumulated in fiscal 2010. If the government continues accumulating debt in the final two thirds of the year as quickly as it did in the first third.
You realize we now have to borrow (Ben's funny money) just to pay interest on the debt each month.
That just increases the debt and the amount of interest we have to pay the next month.
The federal debt increased by $105.8 billion in January, according to the the U.S. Treasury Department, jumping from $14.0252 trillion at the close of business on December 31 to $14.1311 trillion at the close of business on January 31 keeping fiscal 2011 on track to be the second ranking year in U.S. history for an increase in the federal debt.
The federal debt increased by $1.89 trillion in fiscal 2009, making that the top ranking year in the history of the United States.
As of now, fiscal 2010 is the second-ranking year in U.S. history for accumulating new federal debt. In that fiscal year, the federal debt increased by $1.65 trillion. However, the federal government’s accumulation of new debt in fiscal 2011 is currently on a pace to outstrip the new debt accumulated in fiscal 2010. If the government continues accumulating debt in the final two thirds of the year as quickly as it did in the first third.
To quote the great one "win the future" or WTF. We can, under the laws of socialism and communism, buy our way out of anything. Did you not see how well it worked for the Soviet Union?
But, but, but......Nancy said it was "pay-as-you-go" and Barry O. said he was serious about reducing the deficit and would go line-by-line through every bill to slash wasteful spending?
But, but, but......Nancy said it was "pay-as-you-go" and Barry O. said he was serious about reducing the deficit and would go line-by-line through every bill to slash wasteful spending?
The only ones stupid enough to believe those lies are the ignorant O-bot cheerleaders. They are the same ones who still drive around with their 'Hope 'N Change' bumper stickers. Makes me wonder if they were subjected to lead poisoning as children.
Everyday is a new record for the national debt. And that's saying something. We are bankrupt, there's no way around this. We're going the way of Zimbabwe. those $100 notes you barely see? Get ready they will be the new $1 bill in due time
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
