Don't fall into the trap of the shitty articles who proclaim every now and then how "Trump repays them". This is all due to gov paying their oligations during the year, all standard procedure.
What you should be looking at is the date of October 1st.
That is the beginning of fiscal year of 2018 when the numbers account for all of the money for the last year. (FY in US is September 30th - October 1st, they often don't overlap with calendar year).
For all things combined, debt is assuredly well over 20 trillion $ now.
Investors. Bonds are basically stock in the government. The ratio of American citizens to foreign powers is around 70-30.
The problem with such massive debt is that sooner or later people realize there's no ROI and stop buying bonds, forcing the government to either shut down all nonessential spending (cue riots) or print money to cover the difference (cue hyperinflation).
Basically we're superfucked unless we cut muh social security, muh medicare, muh obamacare, etc. to next to zero and that'll never happen because liberals are entitled little cunts.
what has the Synagogue of Cancer done to the economy? what value do they even provide to the world
Tyler Price
This.
Noah Harris
Wait until the interest rate rises
Realistically we're all fucked at this point but thats when shit goes down
Michael Phillips
debt is a way to create inflation and win elections. only reason why gov's make debt.
Gabriel Powell
KANGZ
Lucas Nguyen
We're already slowly raising the interest rate.
FOMC Raised the Rate to 1.25 Percent on June 14, 2017
Colton Rodriguez
Unfunded liabilities paint the picture even worse.
There's no way in hell, without some major economic revolution like fusion energy and asteroid mining, this country will be able to sustain it's mandatory spending in the next 50 years.
Ryan Cook
>one trillion dollars If you spent 1 million dollars every day since Jesus was born, you still would not have spent 1 trillion dollars.
Henry Moore
Err, no, the math works out to 273 years
Try again
Aiden Lopez
Our debt is higher than the US per capita. It's great to see investments continuing instead of austerity measures. MCGA
Logan Murphy
and obama actually tripled the debt not doubled like everyone says. ammortize faggots
Jaxson Phillips
Nobody cares because it will never be payed off ever.
Grayson Carter
At this point is it just easier to exterminate the Jews?
Kevin Ortiz
So, what, have these investors used their bonds to borrow other forms of wealth? When virtually everyone seems to be borrowing from each other the system doesn't make sense to me. There has to be someone (or some group) who has borrowed far more than anyone else. Would that be the U.S. Government?
Connor Gray
Here's a fun riddle. Governments are in debt. Municipalities are in debt. Corporations are in debt. Households are in debt. So who's lending all of this money to them?
