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Originally Posted by Guest
so, correct the numbers if they are wrong, otherwise be quiet
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The REAL number is about $1 trillion each year...10 years...from $10 trillion to $20 trillion.
Trump will borrow even more.
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Originally Posted by Guest
Your assumption that the debt has something to do with the deficit is wrong...
The debt is EE Savings bonds sold, along with municipal bonds and the like.
The deficit is simply an unbalanced budget.
I haven't looked into it lately, but back when the debt was 12 trillion, we were creating just over 10 trillion in new debt every year and paying off just under 10 trillion every year.
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Wrong? It has EVERYTHING to do with it. You have NO IDEA what you're talking about. Municipal bonds? In the Federal debt? I don't think so Tim.
When you have an "unbalanced budget" and you spend MORE than you take in...as the "unbalance" adds up...it becomes the total federal debt. About $1 trillion a year...ADDS UP to be $10 trillion after 10 years.
The cities, the municipal bond issuers have their OWN set of fiscal problems. Many are just as bankrupt as the federal government.
From the sound of it...you haven't "looked into it" as all.
Do you understand fiat currency and fractional reserve banking? Petrodollars? How the Federal Reserve "prints"? QE I,II, II? POMO?
I suggest it's best you women keep quiet...you only prove your ignorance when you speak. You don't impress us, you make us chuckle AND cry...laugh at your ignorance and naivete, while crying that YOU and your ilk...are considered "equals" and take jobs from the more knowledgeable and qualified.
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Originally Posted by Guest
The numbers are from the federal government
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IT IS THE DEFICIT, NOT THE DEBT
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Another of the ignorant? Or making the point that...WHY do we trust ANY government numbers? They lie about EVERYTHING...why not the national debt too?