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The national debt now exceeds the size of the US economy

The national debt now exceeds the size of the US economy

After a massive surge in government spending to prevent the hemorrhage of businesses and the loss of financial security of the American people, the government announces a massive 3.1 trillion dollar deficit for this year. Corporate and personal tax revenue fell 1%, as Congress prepares a new relief package for businesses. Interest on past debt is also a contributor to the deficit.

Grant
Grant
Mutatis
Mutatis 2 weeks

It would be amusing to see the DC reaction if someone proposed the maintaining of a balanced budget as a constitutional amendment.

The Last Viking
The Last Viking 2 weeks

We NEED a balance budget amendment. Both parties should agree

James Sanford (Retroambassador)
James Sanford (Retroambassador) 2 weeks

The deficit is a football issue. Republicans only care about it when the dems are in power, dems only mention it when the repubs are in power.

Purple Media
Purple Media 2 weeks

We are in a pandemic. Congress has submitted bills to be passed. This isn’t a Presidential choice. Checks and balances exist still. And it is obvious Nancy Pelosi wants us to Print more money because she wants 2.2 Trillion dollars. If she gets her way, she turn around and blame it on Trump. No accountability on the media and the people who reads it are not thinking things through.

Mike Hunt
Mike Hunt 2 weeks

Who cares! What the country REALLY needs is another HUGE stimulas for Wall Street, increase military spending by 100% and maybe bomb another 3rd World country just to be safe! Problem solved.

timohy
timohy 2 weeks

Almost all of it is money owed to ourselves. Only 6 Trillion is owed to China. Mostly means inflation. Which wouldn’t be so bad if the vast majority of Americans had recived the 5 trillion pumped into the stock market and other sectors. But why would we chance capitalism happening when we could allow companies to represent us in the government? We keep capitalism safe by protecting the rich so that they can celebrate how hard it was for them to make it through this ‘tough’ time. As if they know what filing for unemployment is like.

Seekster
Seekster 2 weeks

The interest that we pay every year on the National Debt is a ticking time bomb. This is a problem that NEEDS to be solved or...well imagine what happened to Greece happening to the USA...now imagine what they would do to the world economy...yeah.

John
John 2 weeks

The national debt is terrible. We need to pass a stimulus bill to get out of it.

الأكبر فادي
الأكبر فادي 2 weeks

It's simple we should just tax ourselves into prosperity! I believe in the Kama... I mean Joe presidency

Barry
Barry 2 weeks

Just keep printing, just keep printing. What do we do we print, print, print! 🐟🐠🦈

Jerry
Jerry 1 weeks

We have already reached the point of no return in our 107 year old phoney money scheme. As long as our Military keeps the dollar, the world's reserve currency, we can computer enter all the money in the world. The debt can never be paid. When a dollar is created, Americans are indentured for the dollar+interest. Where does the interest payment come from? The only thing I can figure is that more money must be made. Paying the debt would extinguish the money supply, but interest debt would still be there. PRINT ON!

Andromeda
Andromeda 2 weeks

I would like to see a full state by state breakdown before I would blame any particular side. While a federal issue it's a large union of country size parts all governed in different ways. Who are the winners and the losers at contributing to the the union?

Martin
Martin 1 weeks

Murica. So much winning. We are enjoying the sh*tshow in Norway. Keep it up. Trump2020! Simply for the entertainment value. Biden is no better, but more boring.

David
David 1 weeks

Libertarians been trying to bring attention to this problem for years, decades. Balanced budget amendment. Reduced spending for years to let economic growth catch up.

Andrew Ainslie
Andrew Ainslie 1 weeks

Here's the thing, the Trump Organization has a credit score of 19 out of a possible 100. Who in their right mind would legally lend this Cluster Fuck a Nickel? With over $1 billion dollars in loans due in next few years Trump will be facing a financial crises as the over valuation of his properties a sale of some or all his properties will not bring in enough to satisfy the outstanding debt. I predict an other bankruptcy in the near future. And this is the person who is running your Country? Good luck with that.🤪🤣😂🇨🇦🇨🇦🇨🇦

michael
michael 2 weeks

Stop throwing taxpayer money into big business bailouts, they just use it to buy their own stock.

Andy
Andy 2 weeks

Everyone’s going woke and going broke. It’s all the rage. Why shouldn’t government do the same?

coughdrop1989
coughdrop1989 2 weeks

The whole world is in debt. Money is fake anyways. Wake up.

David
David 2 weeks

Can't we just trickle down economics the pi$$ out of this one?

Chips
Chips 2 weeks

A bankruptcy king sending the nation into insurmountable debt? Shocking.

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