National debt soars 300 billion in one month

[AlfBundy]

US Debt Soars $276,000,000,000 in One Month As Hank Paulson Says America’s Borrowing Binge Needs Urgent Fix

Former Treasury Secretary Hank Paulson is sounding the alarm on America’s rapidly expanding debt.

New numbers from the Treasury Department show the national debt jumped from $32.332 trillion on June 30th to $32.608 trillion on July 31st, marking an increase of more than $276 billion in a month.

According to Paulson, the US has the financial capacity to pay off its swelling debt levels, but the country must find solutions to change the existing trend.

“We’re a rich country, and we’ve got time to deal with it. But we need to do some things in the next few years to change that trajectory.”

In June, the Congressional Budget Office (CBO) said that the United States is on track to significantly outrun gross domestic product (GDP) growth en route to accumulating $143.895 trillion in debt within three decades.

https://dailyhodl.com/2023/08/05/us-...ds-urgent-fix/

[leafs43]

They are creating a nightmare scenario so they can shut down the banks and switch to digital currency.

Why?


Because they can control you better.

Why do you think the Fed now has a cash app? Its part of the groundwork that citizens get money directly from the Fed. It will usher in social credit scores, and other WEF goodies.

[Seatard]

It's already time to start being concerned about the national debt again? Seems like only yesterday we were fine with getting checks in the mail. I guess things were just different back then.

[Polaris]

It's already time to start being concerned about the national debt again? Seems like only yesterday we were fine with getting checks in the mail. I guess things were just different back then.

Who's "we"?

[JayJ350]

"But but but..." - every libtard I guarantee

That's the problem with democrats, they give zero phucks about anything really going on with the country, all they care about is trying to find new ways to continue foaming at the mouth over Donald Trump's continued existence. When they aren't doing that they're too busy trying to virtue signal for the latest popular thing to even look into any real issues. It's no wonder this country has rapidly fallen apart under their influence.

Whenever anyone tries to address any issues with democrats, all they do is try to defend the party no matter what! Say what you want about republicans, but I see far more conservatives who are willing to criticize their party.

[JayJ350]

Who's "we"?

The democrats who pushed for that in the first place.

It's the same deal with the covid lockdowns. Democrat leaders pushed hard for locking everything down, and democrats were the ones who did everything they could to disrupt the economy and create job loss, yet Trump gets the blame when anyone brings up the effects of covid lockdowns.

[Islandboyo]

no one cares

They've been doing this same song and dance for 20 years now. It's all political circus for the plebs to argue over. No government official cares about the debt, the US was designed to perpetually be in debt to the FED so that the bankers can forever profit off of the work and productivity of America.

[SillieBazzillie]

LOLOLOLOLOL

What a pathetic attempt at a thread. First of all cherry picking a particular month where the debt goes up bigly. Secondly, their orange master added EIGHT TRILLION dollars to the debt in 4 freaking horrible years.

Not a single word from cultist during all that time. Biden has added a small percentage of the $8T that the orange menace added.

LMFAO at disingenuous cultist...SMH

[Dave22reborn]

LOLOLOLOLOL

What a pathetic attempt at a thread. First of all cherry picking a particular month where the debt goes up bigly. Secondly, their orange master added EIGHT TRILLION dollars to the debt in 4 freaking horrible years.

Not a single word from cultist during all that time. Biden has added a small percentage of the $8T that the orange menace added.

LMFAO at disingenuous cultist...SMH

So you're against the lockdowns now? Because you were definitely cheering them on when it was happening. Hurr Durr, wear your mask, it's like wearing a seathelt, or shoes......

Lying Stupid ****......

[JayJ350]

So you're against the lockdowns now? Because you were definitely cheering them on when it was happening. Hurr Durr, wear your mask, it's like wearing a seathelt, or shoes......

Lying Stupid ****......

This is what democrats have been doing ever since the damage done by lockdowns got exposed.

They proudly owned the entire lockdown movement to the point where wearing a mask became the democrat equivalent of a MAGA hat, yet now all of a sudden they had nothing to do with lockdowns. Just lol @ their desperation.

[Seatard]

The democrats who pushed for that in the first place.

It's the same deal with the covid lockdowns. Democrat leaders pushed hard for locking everything down, and democrats were the ones who did everything they could to disrupt the economy and create job loss, yet Trump gets the blame when anyone brings up the effects of covid lockdowns.

Remind us which one of those fukking Democrats was it that said "I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000"... "Why would politicians not want to give people $2,000, rather than only $600?"... "Give our people the money!"?

We need to know so we don't vote for them again.

[JayJ350]

Remind us which one of those fukking Democrats was it that said "I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000"... "Why would politicians not want to give people $2,000, rather than only $600?"... "Give our people the money!"?

"Quick, must defend the democrat party no matter what!" - Seatard

Lol, here you are, acting exactly how I said you would.

[Seatard]

"Quick, must defend the democrat party no matter what!" - Seatard

Lol, here you are, acting exactly how I said you would.

Fuk those Democrats, that's why I'm asking which one of them said those things so we can call them out.

[SillieBazzillie]

"Quick, must defend the democrat party no matter what!" - Seatard

Lol, here you are, acting exactly how I said you would.

Does it ever get tiring having to constantly lie and try to defend the party of the idiot that almost destroyed our country in 2020.

Things are so much better now that's hysterical.

Why not just sit back and thank ol' Joe for all the great things that have happened since he got elected. Trumpflation down. Spending down. Unemployment down. GDP up. NATO unified and expanded.

Enjoy the ride boyo.

[JayJ350]

Why not just sit back and thank ol' Joe for all the great things that have happened since he got elected.

I would if I could, but this being the Joe Biden presidency, I have nothing to be thankful for.

Like for real, what is so great about Joe Biden's America?

[Jasonw1178]

Insane how it works. Plus they really want to spend more, sending money to Ukraine, money for green projects for other countries. The bleeding of our nations wealth is a bigger problem than the actual dollar amount that is sent. If you kept the money here, it would grow, but by sending it there, it would be better of burnt for the warmth. Since we don't really have the money, and just printing it, it's so much worst.

[Dave22reborn]

Remind us which one of those fukking Democrats was it that said "I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000"... "Why would politicians not want to give people $2,000, rather than only $600?"... "Give our people the money!"?

We need to know so we don't vote for them again.

What was the reaction from you people, every single time a Red state opened things back up?

[Dave22reborn]

Does it ever get tiring having to constantly lie and try to defend the party of the idiot that almost destroyed our country in 2020.

Things are so much better now that's hysterical.

Why not just sit back and thank ol' Joe for all the great things that have happened since he got elected. Trumpflation down. Spending down. Unemployment down. GDP up. NATO unified and expanded.

Enjoy the ride boyo.

People living with mommy till they're 30 and older, definitely a sign that the country is doing great.

And stupid ****, why did you support the lockdowns, and mandates? But now you're claiming they were wrong? Or are you refusing to admit such a thing? Because admitting when you're wrong is what an actual man does, and since your estrogen is through the roof, and probably impotent from the colon cancer........well........

[Seatard]

What was the reaction from you people, every single time a Red state opened things back up?

I'm just one person, but I was pretty happy when things opened back up.

Anyways, do you know which Democrat it was that wanted to more than triple the free handouts?

It wasn't that long ago but everyone seems to have forgotten.

What was your reaction? Were you one of the one's who claimed "I paid my taxes, I should get $2,000"?

[katya422]

Does it ever get tiring having to constantly lie and try to defend the party of the idiot that almost destroyed our country in 2020.

Things are so much better now that's hysterical.

Why not just sit back and thank ol' Joe for all the great things that have happened since he got elected. Trumpflation down. Spending down. Unemployment down. GDP up. NATO unified and expanded.

Enjoy the ride boyo.

[Seatard]

I have nothing to be thankful for.

Sorry brah.

[gachase21]

Under Biden, Retired Americans are earning a record amount of interest income on treasury bonds!!! More Bonds sold than any other President in the same time!!!













--------EctoCanuck ☻/︻╦╤─
▂▄▅ Army of One /▌ ██▅▃▂
I████████████████� ��█]
◥⊙▲⊙▲⊙▲⊙▲⊙▲⊙▲⊙◤


Fighting courageously and alone against the ignorant hoards of unwashed conservatives who wage war on women, minorities, children, senior citizens, education, the environment, hygiene, Democracy, Freedom, Liberty, and Common Sense.

[freeheeler]

Who's "we"?

People like seatard

[Dave22reborn]

I'm just one person, but I was pretty happy when things opened back up.

Anyways, do you know which Democrat it was that wanted to more than triple the free handouts?

It wasn't that long ago but everyone seems to have forgotten.

What was your reaction? Were you one of the one's who claimed "I paid my taxes, I should get $2,000"?

Why would I care about some measly free check???

[yabbayabba]

LOL @ the immediate deflection. Cultists gonna cultist.

[Seatard]

Why would I care about some measly free check???

No idea, that's why I was asking what your reaction was.

Mine was that the checks should have been $0. We had an existing unemployment system that could be used to help people who lost their jobs. You and I didn't need a handout, I still have mine. Most Trumpers at the time though didn't give two chits about adding to the deficit and were happy to take the money rationalizing that they "earned it" by paying taxes.

[nutsy54]

What a pathetic attempt at a thread. First of all cherry picking a particular month where the debt goes up bigly.

As usual, lies and deflection when Biden fails. (Remember, according to you, the President is somehow solely responsible for ALL federal spending )

As usual, here are the Facts you'll ignore - sourced from "cherry picking" a full year of 12 months:

"The US budget deficit ballooned to $2.3 trillion in the 12 months through June – that's a 64% jump from fiscal year 2022.

The latest number is more than twice as big as the shortfall before the start of the pandemic..."
https://apple.news/A24ED9oisS3eAOeLU3CksmQ

Secondly, their orange master added EIGHT TRILLION dollars to the debt in 4 freaking horrible years.

Trump left office 2 1/2 years ago. Why can't Biden (and Pelosi) stand on their own failures - NOW, today?

Biden has added a small percentage of the $8T that the orange menace added.

More lies to defend Biden. Meanwhile, in the land of reality, $2.3 Trillion/year is 15% more than the debt rate you pretend to hate from Trump/Pelosi.

[Dave22reborn]

No idea, that's why I was asking what your reaction was.

Mine was that the checks should have been $0. We had an existing unemployment system that could be used to help people who lost their jobs. You and I didn't need a handout, I still have mine. Most Trumpers at the time though didn't give two chits about adding to the deficit and were happy to take the money rationalizing that they "earned it" by paying taxes.

"Trumpers" didn't want the country to shutdown. "Trumpers" wanted to keep things open.

[Seatard]

"Trumpers" didn't want the country to shutdown. "Trumpers" wanted to keep things open.

WTF does that have to do with anything in my post LOL.

[gachase21]

Under Biden, American bondholders have been paid a record amount of interest!!! More paid than any President in history!!!

Interest payments to retired Americans started going way down under Trump!!!





















--------EctoCanuck ☻/︻╦╤─
▂▄▅ Army of One /▌ ██▅▃▂
I████████████████� ��█]
◥⊙▲⊙▲⊙▲⊙▲⊙▲⊙▲⊙◤


Fighting courageously and alone against the ignorant hoards of unwashed conservatives who wage war on women, minorities, children, senior citizens, education, the environment, hygiene, Democracy, Freedom, Liberty, and Common Sense.