Biden's USA: $66.7 trillion total debt: $29 trillion government, $18 trillion household, $18 trillion business debt (Obama, dollars)

[lovecrowds]

I guess they won't be able to raise interest much from the real current negative -6.6 interest rate.

No wonder the stock market is surging once again with those real -6.6% interest rates.

What household, business and government would not want to go into more debt with those -6.6% "real" interest rates.

I wonder if the federal reserve and their -6.6% "real" interest rates are going to reduce that 9.1% inflation rate which would be much higher if they counted inflation like other countries or like they counted inflation when Carter was in office.


Corporate debt was 10 trillion dollars in 2010 and now it is 18.9 trillion

Household debt was 14 trillion dollars in 2009 and now it is 18.3 trillion

Federal government debt is 26 trillion dollars, but I have seen numbers that are far higher than that but the federal reserve claims it is 26 trillion.

State and local governments have 3.2 trillion dollars in debt but I don't believe they are accounting for the unfunded pension liabilities.

https://www.federalreserve.gov/relea...09/html/d3.htm

https://tradingeconomics.com/

[James Bond 007]

I guess you aren't aware that much of that debt were also piled up when Obama and Trump were president. Joe Biden hasn't been in office since 2009, in case you haven't been paying attention.

[done working]

I'm going to say screw it - i got mine and thats all i care about! if the damn government wants to spend more than they have and i cant stop it i will enjoy mine and not think about this stuff anymore. They all do it damn Republicans just voted for that dumbass semiconductor bill. They all lie