OT: name the chart
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Those vertical gray lines post Y2K, 2008 & 2020 lead me to believe something like housing costs. But I’m probably way off.
ETA: Social Security payouts? Interest on the debt? I got lots of guesses
ETA: Social Security payouts? Interest on the debt? I got lots of guesses
Deficit was "only" I think $1.4 trillion last year. So still too low, but by 33%. Also doesn't have the spike that would have occurred in 2020. To small to be anything related to fed accounts. Not really sure what would have basically doubled in such a short period of time to get to almost $1T
Shlt. That should have been an obvious guess given all the news about interest rates over the past year.
US government debt is literally the safest investment on earth. If it wasn't, don't you imagine people would quit buying it? I'm not saying where we are is ideal or that we should just see how far we can run it up - but anyone telling you USA debt is a dire problem today either wants to sell you something or doesn't understand fairly basic economics.
FUN FACT: in the late 1990s when we were running fairly substantial budget surpluses, folks were worried about what that would eventually do to the Treasury bond market.
square inches of DawgStudents tv's?
Buy Gold and Silver, a 5 year supply of freeze dried food, Ammo and some My Pillow House Shoes and you will be ready.
Imagine your bodyguard owes bookies 30 times his annual salary. I’m firing that bastard and hiring another that can’t so easily be leveraged.
I don’t care how you spin it. If the world’s de facto police dog spends more on debt interest than it does on defense, that nation has a problem no other nation that’s ever existed managed to escape.
I don’t care how you spin it. If the world’s de facto police dog spends more on debt interest than it does on defense, that nation has a problem no other nation that’s ever existed managed to escape.
I am not defending massive deficits, but just looking at a chart like that does not the full picture. You can see that interest on the debt is up $500 billion over 5 years, but annual government tax receipts are up about $1.2 trillion over that same time frame.
Close.
It's the percentage of climate change caused by lack of trans participation in sports.
That’s a chart of paindonthurt and golfer when a political thread gets going*****
The largest single holder of US debt is the US Government itself, with the Federal Reserve and the Social Security Trust Fund holding most of it. Japan is the largest foreign holder - I think they own about 3% of total outstanding debt.
| compared to five years ago | up or down | $ |
|---|---|---|
| annual federal tax receipts | up | $977,034,000,000 |
| annual federal spending | up | $2,013,783,000,000 |
| annual federal interest payments | up | $437,869,000,000 |
| federal debt | up | $10,368,795,000,000 |
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