AFP: US debt hits record under Trump, Republicans mum
Washington (AFP) - More massive than the US economy, the national debt hit a new record of $22 trillion under President Donald Trump but Republicans who traditionally rail against debt and deficits have remained mum.
The sum of borrowing to cover chronic deficits as well as growing interest payments, this mountain of debt already stood at $19.95 trillion when Trump entered the White House, reaching the equivalent of US GDP for the first time since World War II.
By comparison, France's debt, which also is about the same as its GDP, amounted to a little more than 2.3 trillion euros (about $2.6 trillion) in late September.
Read more ....
Update: The US national debt just pushed past $22 trillion — here's how Trump's $2 trillion in debt compares with Obama, Bush, and Clinton (Business Insider)
WNU Editor: Future American generations are not going to look kindly for being stuck with this bill.
13 comments:
Republicans and Democrats both like to spend like crazy, albeit on different things. We need people from a different party that will reign in the spending.
A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury.
America is truly great again CHUDS!
All CHUDS love needless tax cuts for the wealthy!
THIS THEN IS WHAT THE DEFICIT HAWK PARTY HAS DONE
Trump and the National Debt
Instead of Eliminating the Debt, Trump Will Add $8.3 Trillion
Q: During the Clinton administration was the federal budget balanced? Was the federal deficit erased?
A: Yes to both questions, whether you count Social Security or not.
...
Mr. Chuds you're back and with your unparalleled commentary, wonderful!
9 trillion in 2009 when Obama took office. 20 trillion in 2017 when he left. The establishment RINO's are no better than Dems. A population of Dems and RINO's who rule DC feel no need to reign it in.
The GOP greatly expanded the deficit for TRUMP's tax plan!
Lori
Think about the father who is addicted to gambling, booze, drugs, women, who spends all the family income present and future i.e., debt, on those habits such that there is no food, certainly not nutritious food, no medicine, no dental work, no money for education, proper clothing, heat in the winter months and extend that to a country that is so addicted to war, and the enrichment of the already wealthy that it cannot provide proper healthcare, infrastructure, education for its people and you have the impact of 22 trillion bucks ++++.
Might aswell sell useless usa to Canada to rid the debt,not just Montana lmao
Smollett
Smollett
Post a Comment