Thursday, March 2, 2017
So we ask you read this post a little slower than the others so you can digest the numbers we will be providing and it will help you to clearly understand where the nation is at right at this very moment without all the fake-news spin
All the info was care of a very good website called www.usdebtclock.org
They also provide comparisons between years so we thought we'd point out where we are today early morning March 2nd, 2017 vs where the nation was statistically on March 2nd 2009, one month into the Oreo cookie's Presidency..
Today as of this posting, it is at $19.98 Trillion
That dark skinned nothing of a man that all the liberals just love to death caused the national debt to increase by a little over $10 Trillion dollars in 8 calendar years!
Now when 'Mr Cool' started in the White House, Federal spending in 2009 was $2.8 Trillion while all the taxes the government took in added up to $2.5 Trillion, meaning we spent $300 billion more than we took in
At this moment, the Federal spending figure is at $3.9 Trillion and we're collecting $1.6 Trillion in taxes meaning we're spending now $2.3 Trillion More than the tax revenue coming in!
That's why as much as we like & support Trump, the idea of dramatically cutting taxes on corporations and middle class while dramatically increasing military spending in this economic climate is just nuts..
Today at this moment it is $61,557 per citizen and $166,751 per taxpayer
79.5 million people were not in the labor force 8 years ago..
Today the number is 94.3 million
Not sure how those rotten liberals can call Obama a jobs creator when 14.8 million more people now vs then are without a job
Under Obama and the failed Democrat party, 4.9 million more people are living in poverty than less a decade ago
In addition food stamp recipients have increased from 29 million to 42.6 million (that's a jump of 13.6 million, many of them being illegal immigrants who entered our open borders over the last 8 years)
Ever wonder why US politicians and the Treasury is so insistent that we never default on our debts?
It has nothing to do with pride or honor..
It is because the #1 holder of US debt is the US itself.. More specifically, the Federal Reserve
So, how much of it do you think it held by foreign nations who loaned us money over the years?
Answer: $5.9 Trillion and of that, 25% of China meaning when you hear everyone blaming China, they hold only $2 Trillion or thereabouts of our nearly $20T debt
Subtract the $5.9T from the $19.98T and that means US interests are holding onto $14.08 Trillion of our debt.. And counting..
So now you know why ultimately the debt ceiling is always raised in spite of all the tough talk by some in Washington of 'line in the sand' and all that good stuff..
You hear a lot about our national debt which keeps climbing. but there is also our total debt as a nation which includes what it called 'entitlements', pensions, personal debt, student loans, mortgages, individual credit card debt, etc..
Back on this date in 2009, it was $50 Trillion
Today our total outstanding debt is $67 Trillion
So we are a debtor nation with a debtor citizenry and a debtor mindset
The hard part is making all the number work within the reality of the economic situation this nation is in which frankly is much worse than even Trump is letting on..
Posted by Susquehanna at Thursday, March 02, 2017