National debt

Discussion in 'Politics' started by grinder, Jul 17, 2021.

  1. grinder

    grinder 10 pointer

    1,352
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    Oct 28, 2003
    harrodsburg, ky, USA.
    Screwing around on google and found a ‘world population clock’ showing our planets population growing rapidly to 8 billion people.
    Of course had to check the national debt clock. The population pales in comparison.
    Well over 28 TRILLION as i write this, and counting so fast there is no way to read it.
    Looks like Biden is doing a fine job.
     
    PUBLIC RAT likes this.
  2. riverboss

    riverboss 12 pointer

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    northern ky
    It will never be paid, not even dented, money means nothing anymore just green paper!
    Its all about the deals our government can make nothing more they trade it like marbels.
     
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  3. xbokilla

    xbokilla 12 pointer

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    Wonder if China has any national debt? Look them up and it will probably say they 28 Trillion in the good. LOL.
     
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  4. Feedman

    Feedman Cyber-Hunter

    15,723
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    In the basement
    Wow,
    I remember when they bitched at George Bush because the debt went to 8 trillion under his presidency.
    Obama then took it to 21 trillion.
     
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  5. WildmanWilson

    WildmanWilson 12 pointer

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    Western Ky.
    28 trillion is not even close. The unfunded liability is over 128 trillion. An unfunded liability is a debt that does not have existing or projected assets to cover it. The funny thing to me is how they act like they have a debt ceiling and must work together to keep raising it. What a joke. They haven't had anything to stop them from spending in a long time and never will.
     
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  6. To put $28 trillion in perspective (let alone $128 trillion), if you saved a $100 million a day every day of the year it would take 768 YEARS to save $28 trillion. It will never be paid.
     
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  7. Gforcetrivers

    Gforcetrivers 12 pointer

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  8. grinder

    grinder 10 pointer

    1,352
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    Oct 28, 2003
    harrodsburg, ky, USA.
    Wanted to calculate 28 trillion, divided by 330 million, just to see how much we would all have to pay when the note is due
     
  9. grinder

    grinder 10 pointer

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    Oct 28, 2003
    harrodsburg, ky, USA.
    Looked it up China’s debt is 5.6 trillion
     
  10. Just type the equation into your search bar. You can type “28 trillion divided by 300 million” or “28 trillion/300 million” and it will give you the answer. $93,333.33 btw.
     
  11. rcb216

    rcb216 12 pointer

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    Robertson Co.
    There isn’t any debt. Debt is only debt if you intend to pay it back. So therefore it’s just an imaginary number they play around with to make themself more money. 90% + aren’t in office to serve the people or to protect the constitution. They are there for themselves and for a power trip. If we believe anything else we are fools.
     
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  12. Wildcat

    Wildcat 12 pointer

    14,907
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    Ledbetter, Ky.
    One major bad problem with that high a national debt. It CAN bring down the value of the US Dollar as well as cause sky rocking inflation.
     
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  13. grinder

    grinder 10 pointer

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    Oct 28, 2003
    harrodsburg, ky, USA.
    Just a tad over 93,000,000 ? Git my check book! I’ll do my part and pay mine now !
     
  14. $93K and change.
     
  15. EdLongshanks

    EdLongshanks 12 pointer

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    Northern Kentucky
    Modern monetary theory. What could possibly go wrong?
     
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