America's national debt surpasses $30 trillion

[BrotherJJ]

USA national debt surpasses $30 trillion
National debt surpasses $30 trillion for the first time - CNN

If that's not shameful enough:

Check out USA unfunded liabilities (bottom right of debt clock) = $ promises the government has made & clearly can't make.
U.S. National Debt Clock : Real Time

Just WOW!

 

[bèlla]

Breakdowns can usher in marvelous breakthroughs. The unsettling is tumultuous and difficult to bear. But the horizon awaits. Brighter days will come.

 

[Nithavela]

When you can borrow money at such low rates and nobody wants the money back, debt is not a huge problem.

 

[JohnB445]

the poor ends up paying for it through inflation, while corporations just raise their prices to adjust for inflation now that the dollar is weaker.

 

[Till Schilling]

A state is not a private household and other rules apply to it. Specifically if that state is rich and powerful and can borrow in its own currency over which it has complete control.

The US dollar functions as the world’s primary reserve currency. An enormous advantage and privilege. The US’s national debt is also a result of this.

 

[Tanj]

the poor ends up paying for it through inflation, while corporations just raise their prices to adjust for inflation now that the dollar is weaker.

Weaker in what way? It's the world's reserve currency. It's the benchmark by which all other currencies are measured. US inflation, much like the inflation everywhere else, is not caused by US dollar value.

 

[miamited]

Hi @BrotherJJ

High national debt has been a problem for the last, oh, 40 years or so. No one is willing to do what it's going to take to bring it down. It's going to take some serious belt tightening and likely higher taxes. Who's going to run on that platform? The last guy that promised to do something about it made it exponentially worse, because, well, he didn't.

God bless,
Ted

 

[SavedByGrace3]

This is what you and each member of your family owes. Even the babies.

If you are not prepping, perhaps you should consider?

1 Timothy 5:8
8 But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel.

See the link in my signature.

 

[dqhall]

View attachment 312120 This is what you and each member of your family owes. Even the babies.

If you are not prepping, perhaps you should consider?

1 Timothy 5:8
8 But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel.

See the link in my signature.

Hoarding food might drive prices

USA national debt surpasses $30 trillion
National debt surpasses $30 trillion for the first time - CNN

If that's not shameful enough:

Check out USA unfunded liabilities (bottom right of debt clock) = $ promises the government has made & clearly can't make.
U.S. National Debt Clock : Real Time

Just WOW!

A third o

USA national debt surpasses $30 trillion
National debt surpasses $30 trillion for the first time - CNN

If that's not shameful enough:

Check out USA unfunded liabilities (bottom right of debt clock) = $ promises the government has made & clearly can't make.
U.S. National Debt Clock : Real Time

Just WOW!

In 2017 the national debt was $20,245,000,000,000.

It has grown about 50% in five years. Four years of Trump and one year of Biden.

U.S. National Debt by Year

The debt to GDP ratio is about 125%.

 

[Nithavela]

View attachment 312120 This is what you and each member of your family owes. Even the babies.

If you are not prepping, perhaps you should consider?

1 Timothy 5:8
8 But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel.

See the link in my signature.

Prepping for what? For being in debt?

"Prepping" is just a coping mechanism in a world that is largely outside of your control.

And no, I'm not talking about keeping enough food, water and other supplies around to live a few weeks in case of an emergency, if you are living in a tonado corridor or the east coast of the USA.

 

[Akita Suggagaki]

"Prepping" is just a coping mechanism in a world that is largely outside of your control.

There is a lot we can d to give ourselves that false sense of security. But without even that, I don't know if life would be tolerable. When I was a kid I never worried about power or the furnace going out. Blissfully unaware. Now I worry every winter storm.

Remind me:
Ecclesiastes 1:18 For with much wisdom comes much sorrow

 

[bèlla]

Preparedness doesn’t impact prices. The principle is continuance. Their supply took time to build. They’re in good stead when the unexpected strikes and can assist others who lacked the foresight to do the same. Their example may inspire some to follow suit.

 

[SavedByGrace3]

1 Timothy 5:8
8 But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel.