US debt hits 20.5 trillion $

>average -700 billion $ decifit if circumstances are ideal
>1.7 trillion extra due to tax cuts over Trumps mandates

As Obama has doubled Bushes debt so will Trump double Obongo's.

35 trillion $ by 2024.

usdebtclock.org

>tax cuts create debt

That isn't how this works

its just a number
government is not going to pay for this, instead they are creating more to boost economy

k thanks slavshit your opinion has been noted

As long as USA military is #1 the debt can keep going up indefinitely. Let's just enjoy the ride.

They do if they create/increase deficit.

TAX CUTS DON'T INCREASE TAX REVENUE, THERE IS NO PROOF OF THAT EVER HAPPENING, STOP SHILLING TRICKLE DOWN AS ANYTHING EXCEPT A CASH GRAB, FUCK YOUR GREEDY BULLSHIT

American views of debt. "Its no problem, we can go to $40 trillion! We can go to $100 trillion!"

Trump has shown nothing conservative when it comes to spending. He wants to spend even more on wars, he isn't cutting any entitlement programs. Although his slogan is "your fired" he hasn't fired any of the highly paid government employees or shut down any 3 letter agencies. The national debt could grow to $40 trillion if Trump serves 2 terms.

Once the USD stops being the World Reserve Currency- you will see trillions of dollars flooding back into the US. You will see major inflation, countries won't lend to us anymore. We will have to majorly cut spending.

MAKE AMERICA A BROKEASS AGAIN. MAKE AMERICA RELEASE ITS TAX RETURNS. MAKE AMERICA HAVE NOTHING BUT DOW JONES AND BITCOIN

Except we aren't the #1 military in the world. We depend on China for the factories and rare earth minerals to build our war machines.

The future of world trade will be the Belt and Road system, headed by China. America can't take on every country in the Belt and Road in a war and we know it.

yes....
YES!!!
GAS THE ECONOMY!!!
ACCELERATIONISM NOW!!!
PURGE CITIES!!!
STARVE THE DEGENERATES

Somebody has to buy this debt. If the value of the dollar goes down, countries will sell their bonds and the ride will be over. And the dollar has been going down 9% during the last year. So it is getting more difficult to emit debt and finance the government.

lol. billions of fucking retards think they're just gonna breed and breed and breed and get rich rich rich and yet they can't eat eat eat without calling good ol' uncle sam.

>plebbit
Kys faggot comeback when you're not pretending to be a Trump supporter. Your shitty logic has no power here

what exactly is the biggest driving force for the national debt?

Healthcare expenditures.

rape settlements

No joke. Healthcare salaries are so high even people with meme online college degrees are making 100k plus. I'm doing an internship at a Hospital as part of my accounting degree and I get to see everyone's salaries.

Also the head of HR here makes more than most if not all surgeons. Bitch makes 230k a year.

The Fed

Israel aid

>Once the USD stops being the World Reserve Currency- you will see trillions of dollars flooding back into the US. You will see major inflation, countries won't lend to us anymore. We will have to majorly cut spending.

you say that like its a bad thing. welfare will end and the immigrants will go home or go to jail from theft/murder.

Is that just governmental debt, or all debt including personal debt in the US?

just gov, total debt (federal, states, local, personal, gibs..) is approx 180 trillion $

It is all on paper. Fiat money does not exist, ot is like bitcoins. Only guns, houses and land will matter in thr coming chaos of civil war.

BUT TRUMP WAS GONNA END THIS!!!!!

Debt-to-GDP ratio is also well above 90% so it's essentially impossible to significantly curtail debt or get rid of it entirely now on just the basis of economic growth and usually when this happens a government will have to implement some form of austere economic policies in order to curtail debt.

We can see this with Trump's budget cuts.

The money in our pockets is debt. The treasury is privately owned. Every dollar we have is basically borrowed. More people and more money printed means more debt. The debt will only go down when people return all the money they are borrowing.

If you thought that was bad, wait until Social Security disbursements come due for the majority of boomers.

It'll make any talk of a debt ceiling silly at best.